The Business Bytes
THEBUSINESSBYYTES BUREAU
MUMBAI, APRIL 28, 2025
Ageas Federal Life Insurance, a prominent player in India’s private life insurance sector, has unveiled its latest offering in the Unit Linked Insurance Plan (ULIP) segment — the ProGrow Plan. This innovative plan is designed for individuals who wish to secure their financial future while simultaneously building long-term wealth. The ProGrow Plan seamlessly integrates the benefits of market-linked growth potential with robust life insurance protection.
Tailored for flexibility and long-term wealth creation, the ProGrow Plan allows policyholders to customize both their insurance coverage and investment strategies. Customers can choose from a variety of options, including the life cover multiplier, premium payment term, policy duration, and investment allocation, all based on their unique financial goals and risk preferences.
Demonstrating Ageas Federal’s commitment to responsible investing, the plan offers a diverse selection of funds, ranging from equity-based growth to balanced asset allocation and bond funds. This range ensures that it caters to various risk profiles, providing customers with the flexibility to adapt their investments over time.
The ProGrow Plan also stands out for its customer-centric features, including partial withdrawals after the lock-in period, easy policy revival options, and transparent charges. These features provide policyholders with enhanced control and convenience, empowering them to confidently navigate their financial journey.
Jude Gomes, Managing Director and CEO of Ageas Federal Life Insurance, commented on the launch: “At Ageas Federal Life Insurance, we are committed to delivering innovative and customer-focused solutions that help our customers achieve lasting financial security and peace of mind. The ProGrow Plan embodies this commitment by providing not just comprehensive life protection, but also the opportunity to grow wealth through attractive market-linked returns.”
With additional benefits like Loyalty Additions, Return of Charges, and a broad spectrum of flexible investment options, the ProGrow Plan is an ideal choice for individuals looking to take control of their financial future and build a lasting legacy of prosperity.
