Ageas Federal Life Insurance Rolls Out ProGrow Plan

News Desk, News Nation 360 : One of the top private life insurers in India, Ageas Federal Life Insurance, has unveiled the ProGrow Plan, its newest cutting-edge product in the Unit Linked Insurance Plan (ULIP) market. The ProGrow Plan combines the benefits of strong life insurance protection and dynamic market-linked growth potential, making it ideal for people looking to build long-term wealth and ensure their financial future. Speaking on the launch, Jude Gomes, MD & CEO, Ageas Federal Life Insurance, stated that at Ageas Federal Life Insurance, they have a strong commitment to developing cutting-edge, client-focused products that enable their clients to attain long-term financial security and tranquilly. In addition to providing complete life insurance, the ProGrow Plan enables clients to reliably increase their wealth through alluring market-linked returns. Ageas Federal Life Insurance provides the ProGrow Plan, a flexible and long-term wealth-generating, that enables policyholders to tailor insurance and investment options like life protection, premium paying term, policy term, and investment approach according to their requirements and risk tolerance. The scheme promotes disciplined investment with multiple fund choices from equity to bond funds and offers customer-friendly features like partial withdrawals after the lock-in, revival options for the policy, and transparent charges, letting customers manage their financial growth. Ageas Federal Life Insurance is a top private life insurer in India offering diversified wealth management, protection, and retirement solutions. It is a joint operation between Ageas, a multinational insurance company, and Federal Bank, a leading Indian private sector bank. It began its operations in 2008 and reached breakeven in five years. Ageas Federal has created a pan-India footprint with more than 3,800 branches, including partner bank branches, and a strong network of advisors. Until March 31, 2024, the company has issued more than 16.88 lakh policies with the total sum assured being more than ₹ 1,54,425 crores.

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