Ageas Federal Life Insurance Insurance Data
Joint venture between Ageas International and Federal Bank. Formerly IDBI Federal Life Insurance.
Ageas Federal Life Insurance is a life insurance company licensed by IRDAI (registration number 135). Its solvency ratio of 1.87× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 22nd among 25 life insurers. The company reported gross written premium of ₹3073 crore in FY25-03, ranking 15th by premium among 25 life insurers. Its claims settlement ratio of 97.1% in Q1 FY26-27, placing it 3rd among 10 life insurers with available data. Its 13th-month premium persistency ratio was 71.9% in Q1 FY26-27.
Peer rank among life insurers with data for that metric. Not shown when fewer than 3 peers have data.
Premium
| gross written premium | ₹3,073 crore | FY25-03 |
Solvency
| solvency ratio | 1.87× | Q1 FY26-27 |
Claim Settlement
| claim settlement ratio | 97.1% | Q1 FY26-27 |
Persistency
| 37th month persistency ratio | 65.1% | Q1 FY26-27 |
| 49th month persistency ratio | 58.1% | Q1 FY26-27 |
| 13th month persistency ratio | 71.9% | Q1 FY26-27 |
| 61st month persistency ratio | 41.0% | Q1 FY26-27 |
| 25th month persistency ratio | 64.6% | Q1 FY26-27 |
| 61st month persistency by policy count | 44.0% | FY24-25 |
| 49th month persistency by policy count | 49.0% | FY24-25 |
| 13th month persistency by policy count | 77.5% | FY24-25 |
| 37th month persistency by policy count | 54.3% | FY24-25 |
| 25th month persistency by policy count | 62.5% | FY24-25 |
Financial Position
| net worth | ₹1,172 crore | FY24-25 |
Distribution by Channel
| Brokers policies | 887 | FY24-25 |
| Brokers premium | ₹32.88 crore | FY24-25 |
| Online premium | ₹0.01 crore | FY24-25 |
| POS premium | ₹0.00 crore | FY24-25 |
| Online policies | 2 | FY24-25 |
| MI Agents policies | 0 | FY24-25 |
| Others policies | 0 | FY24-25 |
| MI Agents premium | ₹0.00 crore | FY24-25 |
| Bank Channel premium | ₹753.74 crore | FY24-25 |
| Referrals premium | ₹0.00 crore | FY24-25 |
| Direct premium | ₹145.10 crore | FY24-25 |
| Referrals policies | 0 | FY24-25 |
| Corp. Agents (Other) policies | 0 | FY24-25 |
| CSCs premium | ₹0.00 crore | FY24-25 |
| CSCs policies | 0 | FY24-25 |
| Web Agg. policies | 0 | FY24-25 |
| Bank Channel policies | 41,717 | FY24-25 |
| IMF premium | ₹0.00 crore | FY24-25 |
| IMF policies | 0 | FY24-25 |
| Direct policies | 12,910 | FY24-25 |
| Corp. Agents (Other) premium | ₹0.00 crore | FY24-25 |
| Web Agg. premium | ₹0.00 crore | FY24-25 |
| Others premium | ₹0.00 crore | FY24-25 |
| Individual Agents premium | ₹80.63 crore | FY24-25 |
| Individual Agents policies | 8,728 | FY24-25 |
| POS policies | 0 | FY24-25 |
Lapse & Surrender
| lapse and surrender ratio | 2.2% | FY24-25 |
Other Claims
| claims repudiation ratio | 0.00% | Q1 FY26-27 |
| claims settled in 1 to 3 months | 2.7% | FY24-25 |
| claims paid within 1 month | 97.2% | FY24-25 |
| claims settled after 1 year | 0.0% | FY24-25 |
| claims settled in 3 to 6 months | 0.1% | FY24-25 |
| claims settled in 6 to 12 months | 0.0% | FY24-25 |
Other
Data from IRDAI public disclosures. Click a metric name for full history and provenance.
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