~An innovative ULIP offering personalised protection, wealth-building opportunities, and investment flexibility for today’s discerning investors~
GRS News India : Mumbai, 2nd. May, 2025: Ageas Federal Life Insurance, one of India’s leading private life insurers, has introduced its latest innovative offering in the Unit Linked Insurance Plan (ULIP) segment — the ProGrow Plan. Designed for individuals aiming to secure their financial future while creating long-term wealth, the ProGrow Plan combines the dual advantages of dynamic market-linked growth potential and robust life insurance protection.
With a focus on flexibility and long-term wealth creation, the ProGrow Plan allows policyholders to customise their insurance and investment choices. Customers can select their life cover multiple, premium payment term, policy duration, and investment strategies based on their changing needs and risk appetite.
The plan also reinforces Ageas Federal’s commitment to responsible investing, with fund options ranging from equity growth to moderate asset allocation and bond funds, catering to diverse risk profiles. With customer-friendly features such as partial withdrawals post lock-in, policy revival options, and transparent charges, the ProGrow Plan offers unmatched control and convenience, empowering customers to steer their financial growth confidently.
Speaking on the launch, Mr. Jude Gomes, MD & CEO, Ageas Federal Life Insurance, stated, “At Ageas Federal Life Insurance, we are deeply committed to creating innovative and customer-centric solutions that empower our customers to achieve lasting financial freedom and peace of mind. The ProGrow Plan realises this commitment by offering not just comprehensive life protection but also enabling customers to grow their wealth confidently through attractive market-linked returns.”
The ProGrow Plan is available with value-added features such as Loyalty Additions, Return of Charges, and a wide range of flexible investment options, making it an ideal choice for individuals seeking to take charge of their financial future and build a legacy of prosperity.
About Ageas Federal Life Insurance
Ageas Federal Life Insurance, one of India’s leading private life insurers offers a diverse range of wealth management, protection, and retirement solutions to individual and corporate customers. Ageas Federal Life Insurance Co Ltd is a joint venture of Ageas, a multinational insurance giant based out of Europe and Federal Bank, one of India’s leading private sector banks.
Having commenced operations in 2008, Ageas Federal was able to achieve breakeven within just five years; the Company’s passion for innovation and growth helped it achieve this feat. Through a nationwide network of 3,800+ branches including partner bank branches, and a sizeable network of advisors, Ageas Federal Life Insurance has achieved presence across the length and breadth of the country. As of March 31, 2024, the Company has issued over 16.88 lakh policies with a sum assured of over ₹ 1,54,425 crores. Ageas Federal Life Insurance has total assets under management of over ₹17,455 crore and a robust capital base of over ₹800 crores as of March 31, 2024.
