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Ageas Launches Insurance Plan for 30 Critical Illnesses

Published on December 09, 2022
Current Context: Ageas Federal Life Insurance Co Ltd launched the “Ageas Federal Life Insurance Criti Care Plan” covering 30 critical illnesses and major diseases.
Ageas Launches Insurance Plan for 30 Critical Illnesses
  • 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
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