The Increasing health care cost and life expectancy rate make retirement planning necessary for everyone. After retirement, you can lead a happy life with the Aegon Life Insta Pension Plan. The Policyholder receives the continuous income after the retirement with this Aegon Life Retirement Plan. You can maintain the current lifestyle without compromise and can live like the way you always live with the Aegon Life Insurance Retirement Plan.
Aegon Life Retirement Plan Review
The Retirement Plans offered by Aegon Life Insurance provides an options to choose the annuity payout options and control your investments to meet your retiral needs. Aegon Life Pension Plan presents you a financial security at the time of retirement for you and your spouse. When you reach to retirement stage, you will get the daily Income by choosing the Aegon Life Insta Pension Plan. Due to the rising inflation and high cost of living, It is important to start saving early for a stress-free and comfortable retired life.
The Aegon Life Insurance offers a best Retirement Plan to fulfil your needs after retirement. The Pension plans provided by Aegon Life Insurance help you to do things what you always have been doing even after Retirement. The two annuity payout options are Life Annuity and Joint Life Annuity. Aegon Life Pension Premium Calculator helps you to calculate how much you need to grow your wealth to ensure the peaceful post-retirement life with Aegon Life Retirement Plan. To Convert your old age into golden years, it is crucial to start a retirement planning.
Key Features & Benefits of Aegon Life Insta Pension Plan
To maintain the current lifestyle and arrange the health care costs of the unexpected events retirement planning is helpful. The Policyholder receives the annuity payment as long as you live if you select Life Annuity. And if the Life Insured chooses Joint Life Annuity then the spouse receives the annuity payment after the demise of the Life Assured. You can opt the pension payout mode as Monthly or Yearly. Aegon Life Insurance presents you Insta Pension Plan, which provides guaranteed financial protection to start your second innings.
Aegon Life Pension Plan Key Features
The Aegon Life Insta Pension Plan offers you the option to choose the annuity payout options as Life Annuity and Joint Life Annuity which provides the regular amount to the annuitant by the Company. Aegon Life Retirement Plan is furnished to create a safety net around to protect you from all the undesirable elements attached in your old age.
Let us check the features offered by the Aegon Life Insta Pension Plan in the following section.
- To purchase the Annuity Plan, you must decide the lump sum amount (amount of premium).
- The Important Feature covered in this plan is Annuity Payout options. The Policyholder must choose any of the two options available below.
- Life Annuity: As long as you live, you may receive the Annuity Payment at a constant rate, If the Insured chooses the Life Annuity option.
- Joint Life Annuity: The Annuitant receives the annuity amount at a constant rate for the entire life. In the case of sudden demise of the Policyholder, the spouse receives the amount till he/she is alive. If the wife is separated from the Annuitant, the Annuity Payment stops.
- Annuity Payment Mode: You can choose the annuity payment method as monthly or yearly. For monthly annuity payment mode, you receive the pension one month after the purchase of the plan. The Annuitant can also choose the annual annuity payment mode in which the Policyholder receives the amount one year after the procurement of the Aegon Life Retirement Plan.
- The Aegon Life Insta Pension Plan is a Single Premium Payment Plan.
- This Plan is a non-participating non-linked immediate annuity plan.
- The Premium to be paid has No Maximum Limit for Aegon Life Pension Plan.
- The Minimum Entry Age for you and your spouse is 50 years.
- Free Look Period: The Annuitant may cancel the policy within 15 days from the date of receiving the policy documents if you are not satisfied with the terms and conditions of the policy. You receive the premium paid less stamp duty charges.
Aegon Life Insta Pension Plan Benefits
Life Time Income: Depending on the annuity payout option that the annuitant choose, the Aegon Life Retirement Plan provides you and your spouse an income for life.
Prohibition of Rebates: No other person is allowed to renew or continue an insurance plan and rebates shown on the policy is prohibited.
Eligibility Conditions of Aegon Life Insta Pension Plan
| Minimum Premium Payment | Rs 1,00,000/-. |
| Maximum Premium Payment | No Limit. |
| Min Entry Age | 50 years. |
| Max Entry Age | 75 years. |
| Premium Payment Term | Single Premium. |
| Spouse Minimum Entry Age | 50 years. |
| Maximum Entry Age of Spouse | 75 years. |
For more information regarding Aegon Life, Pension Plan refer Retirement Plan broucher.
Aegon Life Retirement Premium Calculator
Aegon Life Premium Calculator is to calculate Premium amount for yearly and monthly of any policy. This Aegon Life Retirement Premium Calculator is used to estimate the benefits offered by the Company. Aegon Life Premium Calculator is very useful for the policyholder to calculate their premium amount.
To knock the uncertainty of life, Aegon Life Insurance Retirement Plans offers a broad range of solutions. If you are searching for a plan that guarantees financial protection to your spouse after your demise or saving that extra bit of money for post-retirement life, Aegon Life Retirements are the best Option for you. Aegon Life Pension Plan has come up with different retirement plans to assist you in retirement stage. The following details are significant for the Aegon Pension Plan Calculator.
- Enter Name.
- Mobile number and email.
- Sum Assured.
- Date of Birth.
- Policy term.
How to buy Aegon Life Retirement Plan?
The Aegon Life Insurance Retirement purchasing process is available here. Before purchasing the Aegon Life Insta Pension Plan, read the Plan details carefully. The Annuitant can buy this Aegon Life Retirement in two ways either online or offline. For Online mode refer the Aegon Life Insurance Official Website. For offline mode, visit the nearest Aegon Life Branch Office. The List of documents required for the Aegon Life Pension Plan is here.
- Proposal Form/Application Form along with the Photograph.
- Age proof of the Annuitant.
- Address Proof ( Policyholder & Spouse).
Claim Procedure of Aegon Life Retirement Plans
After the completion of the policy period, the Policyholder can claim the Retirement Plan offered by the Aegon Life Insurance. In the case of sudden death of the Annuitant, the nominee can claim instead of the Life Insured. Let us have a look at the documents required for Claim of Aegon Life Retirement Plan here.
- Original policy Bond / Document.
- Cancel check or Bank Passbook xerox.
- Proof of title.
- NEFT Form.
- Death certificate ( If in the case of the eventual death of the life insured).
- Discharge form.
- Proof of Accident and Disability.
Additional Information about Aegon Life Insta Pension Plan
Free Look Period:
The Life Assured can cancel this Aegon Life Pension Plan if he/she is not satisfied with the terms and conditions of the policy within the first 15 days from receipt of your policy document.
Loan Facility:
Loan facility is not offered under Aegon Life Insta Pension Plan.
Surrender:
The Annuitant cannot abandon this policy.