Ageas Federal Life Insurance Launches Multi-Currency Plan at GIFT City

Ageas Federal Life Insurance has launched the Aurum Advantage Plan at GIFT City, allowing customers to invest in three currencies while receiving life insurance protection. The launch also marks the company's start of operations at the international financial services hub in Gujarat. 

The plan is open to customers of any nationality, including NRIs, OCIs and PIOs, regardless of residential status, subject to the applicable terms and conditions. 

Investment Options Across Three Currencies 

Aurum Advantage is a Unit Linked Insurance Plan (ULIP) that allows customers to choose between US dollars, euros and British pounds. Its investment options include international equities, fixed income and gold.

The minimum investment amount is $3,000, €3,000 or £3,000, depending on the currency selected. The plan also offers multiple premium payment options and fund strategies. 

Partial Withdrawals Available Without Lock-In 

The plan allows partial withdrawals without a lock-in period. It also provides maturity benefits, loyalty additions and death benefits, subject to the policy terms. 

Ageas Federal Life Insurance Managing Director and CEO Jude Gomes said customers with international financial interests are seeking investment options across currencies and markets. He said the new plan combines these options with life insurance protection. 

Company Plans More Products at GIFT City 

Through its GIFT City operations, the insurer plans to serve customers in the Middle East, North America, Europe, the UK, Singapore and Australia. 

The company also plans to add term insurance and pension products to its portfolio at GIFT City in the near future. 

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Conclusion 

The Aurum Advantage Plan gives Ageas Federal Life Insurance a multi-currency offering at GIFT City, with term insurance and pension products planned for its next phase of expansion. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.