Ageas Launches Insurance Plan for 30 Critical Illnesses

Current Context: Ageas Federal Life Insurance Co Ltd launched the “Ageas Federal Life Insurance Criti Care Plan” covering 30 critical illnesses and major diseases.

• People with age between 18 and 65 years are eligible to subscribe to the policy and the policy will cover the individual with a maximum age of 70 years.
• The term of the policy can be between 5 years (minimum) and 10 years (maximum).
• The policy has three premium payment options including:

1. single pay
2. limited pay
3. regular pay

• Regardless of the amount spent on treatment, the policy will provide a lump sum payment upon the first diagnosis of the listed 30 critical illnesses.
• Ageas Federal Life Insurance Co Ltd was established in 2007 with its headquarters in Mumbai. The current MD & CEO of the company is Vighnesh Shahane.

Question:

Q.1 Which of the following recently launched an insurance plan covering 30 critical illnesses and major diseases?
a. Bharti AXA
b. Ageas Federal
c. Bajaj Allianz
d. LIC