Can You Assume your Family Life, if you are absence? It is very difficult to Imagine. Every responsible person hopes to provide complete financial Security to their family even you are absence. Aegon Life Term Insurance Plans are the Best one to provide Financial support to your family even you are not around them.
Aegon Life Term Insurance Plans
The Aegon Life Term Insurance Term Insurance plan offers safety & security to your loved Ones in the case of your sudden absence. In this term insurance Plan, You have to pay a small amount regularly. Your family will get a Sum assured when you pass away during this policy. The Death coverage will be payable to your nominee when you are absence. There is no maturity Benefit & bonuses.
Are you planning to buy Aegon Life Term Insurance plans? Then you reached the right place. The Aegon Life Insurance company Offers various Term Plans for their customers. Aegon Life Term Plans are the best choice to those policyholders. You have to choose one of those plans according to your requirements and invest your money in that particular plan. In this article, I have provided the complete details of Aegon term Plans. So kindly go through this page before buying these term plans.
Why have we to choose Aegon Life Term Plans?
The Aegon term plans are framed with the main aim of provides financial security to your family through a high life insurance cover amount for a relatively small premium payment. These Aegon life term Insurance plans Term plans let you keep your family financially independent and secure even in your absence. The Policyholders can pay the specific premium amount at fixed intervals during your policy term. Depending upon the policy you choose, the insured can pay these premiums regularly, or at the same time. In case if the death of the life assured occurs during the policy term, the insured family gets a pre-decided amount in the name of ‘Sum Assured’ as per the provisions of your protection plan. Lets know about the Aegon term plans benefits, features, Buying process & other details.
Aegon Term Plans Review, Benefits & Features
The Aegon Life Insurance plans offer various term plans. The total Aegon term plans are six. The List of these 6 term plans is given below.
- Aegon Life iTerm Insurance Plan
- Aegon Life iSpouse Insurance Plan
- Aegon Life iIncome Insurance Plan
- Aegon Life iReturn Insurance Plan
- Aegon Life Term Insurance Plan
- Aegon Life Easy Protect Insurance Plan
Aegon life iTerm Insurance Plan
Aegon Life iTerm Insurance Plan fulfil your concern and ensures protection for your family at a little bit cost. You can buy the Aegon Life ITerm insurance plan. This Term plans much useful to the sole earning member in your family.
Features of Aegon Life iTerm Insurance plan
- The Life coverage of 1 Crore will be payable to nominee for only Rs 8,100 per annum
- The Terminal Illness Benefit is applicable.
- It Covers all forms of death like normal, accidental, even terrorist attacks, etc
- Exclusion for suicide cases with in 1 policy year.
Aegon Life iTerm Plan Benefits
Death Benefit:
The minimum sum assurance value will be Rs. 10,00,000. This Death benefit will be payable to the nominee when you are absence. The sum assured value is high in term insurance plans. There are 2 options for sum assured value
- Option 1: 100% of the Sum Assured is payable to the nominee as Death Benefit
- Option 2: In this 50% of the Sum Assured will be payable as an Immediate Death Benefit & 3% of the Sum Assured will be payable on every month, starting the next policy month and is paid for the next 5 years as staggered Death Benefit.
Tax Benefits
The Life Assured will be eligible for tax benefit under the sections 80C & 10(10D) of the Income Tax Act 1961.
Diagnosis of terminal illness
The amount that is equal to 25% of Sum Assured will be paid on diagnosis of any terminal illness. The Death Benefit will be reduced by an amount equal to the benefit which is paid under this clause.
Eligibility details of Aegon Life Term plans
| Entry Age | Minumum Age: 18 years
Maximum Age: 65 years |
| Maximum Maturity Age | 75 years |
| Policy Term | Minimum: 5 years
Maximum: 57 years |
| Premium Payment Term | Single or equal to the Policy Term (PPT) |
| Premium Payment | Single & Annual Frequency |
| Minimum Premium | Minimum Regular Premium 1,675 p.a. Minimum Single Premium 7,075 |
| Sum Assured (in Multiple of Rs 1,000) | Minimum: 10,00,000 |
Aegon life iTerm Insurance Plan brochure
Aegon life Term plans Features
Riders:
You can add required rider while buying the plan.
Aegon Life AD Rider:
The Life AD rider UIN Number is 138B006V02. This rider will be applicable for accidental death.
Aegon Life iCI Rider:
The iCI rider UIN 138B011V01. This Rider will cover 4 Critical Illness conditions of
- Cancer.
- Open Chest CABG
- First Heart Attack
- Stroke
- Cancer
- Open Chest CABG
- Heart Attack
- Stroke
| Group | Conditions Covered | Benefit |
| Group 1 | cancer of the Female Organs | 5% of base Sum Assured subject to maximum of `10 lakhs |
| Group 2 | Birth of child with Congenital Disorders / Surgeries | 2.5% of base Sum Assured subject to maximum of 5 lakhs |
| Loss of or loss of use of both Limbs | 100% |
| Loss of eyesight | 100% |
| Loss of speech | 50% |
| Loss of hearing in both ears | 50% |
| Loss of or loss of use of any one limb | 50% |
Aegon Life iSpouse Insurance Plan
The Aegon Life iSpouse Insurance Plan offers protection to your spouse’s & your life. These Aegon LifeTerm insurance plans are the best tern insurance plan to protects the working couple. The Aegon Life iSpouse Term insurance plan offers a lum sum with regular returns in case something would happen to you or your spouse or both of you.
Features of Aegon Life iSpouse Insurance Plan
- It is the single plan that covers the both Husband and wife
- The death benefit will be paid to the nominee if any one is absence of wife/husband
- It Offers Regular monthly money back
- On Accidental death, an additional payout is available
- Inbuilt Terminal Illness Benefit
- Waiver of Premium on Critical Illness through a rider
- Simple online buying process
Benefits of Aegon Life iSpouse Insurance Plan
- Death benefit
- Accidental Death Benefit
- Terminal Illness Benefit
- Tax Benefit
| Entry Age | Minumum Age: 21 years
Maximum Age: 60 years |
| Maximum Maturity Age | 65 years |
| Policy Term | Minimum: 5 years
Maximum: 65 years |
| Premium Payment Term | Equal to policy term |
| Premium Payment frequency | Annual and Monthly |
| Sum Assured | Minimum: `25,00,000 Maximum: No Limit |
Aegon Life iSpouse Insurance Plan Benefits
Aegon Life iIncome Insurance Plan
This one of the Best plans in Aegon Life iLncome insurance plans. If you want to continue your income, even your are passed away. This plan not only provides lump sum as death benefit but also offers regular income in case something wrong were to happen to you.
Features & Benefits
- Disability benefit
- Waiver Of Premium
- incremental Income benefit
- Lum Sum benefit
- Death Benefit
- Tax Benefit
Aegon Life iIncome Insurance plan brochure
Aegon Life iReturn Insurance Plan
The Aegon Life’s iReturn Insurance Plan not only provides you a life cover like any other term plan, it ensures all your premiums are returned in case of your survival untill the end of the policy period
| Entry Age | Minumum Age: 18 years
Maximum Age: 65 years |
| Maximum Maturity Age | 75 years |
| Policy Term | 5 years
10 years 15 years
|
| Sum assured | Minimum: 30 lakhs
Maximum: 4 cores |
| Premium Payment term | single/5 years/ equal to policy term |
| premium Payment frequency | Single, Annual, Monthly, Semi-Annual |
Aegon Life iReturn Insurance Plan Brochure
Aegon Life Term Insurance Plan
These are on the Best plan in Age Life term insurance Plans. This iReturn Insurance Plan is useful to maintain the same lifestyle in your absence. Aegon Life’s Term Insurance Plan protects your family with a life cover and also provides monthly payouts which can act as income benefit.
Benefits
- Death Benefit
- Surrender Benefit
- Maturity Benefit
- Accidental Death Benefit
- High Sum Assured Discount
Features
- Option to choose death benefit from the available 2 options
- Regular benefit every month for next 5 years in case of Death benefit option 2
- Inbuilt Accidental Death Benefit
- Policy Term available to cover up to age 75 years
- Tax benefits available as per prevailing tax laws
Aegon life Term insurance Plan brochure
Aegon Life Easy Protect Insurance Plan
Aegon Life Easy Protect Insurance Plan offers to fulfil your concern and ensures protection for your loved ones at a fraction of the cost and without medicals. It provides monthly income to your family in case of your death.
Aegon Life Easy Protect Insurance Plan brochure
How to Calculate premium Aegon Life Term Insurance Plans Premium Calculator
The Minimum & maximum Premiums will be calculated by using Aegon Life Term Insurance & Protection Plans, premium calculator. Not only premiums you can also calculate the maturity benefit also. First of all the premium amount will depend on the age of the life Assured, policy term, premium payment modes. The following Basic information required calculating the Premium details.
- Your Name.
- Mobile Number.
- Mail Id.
- Policy term.
- Age of the policyholder & other details.
How to Buy Aegon Life Term Insurance Plans
Anyone can buy the required Aegon Life Term Insurance Plans by visiting the nearest Aegon life insurance company. You can also buy the savings plan at the Agent. It is very easy to buy the new Aegon Life Term Insurance Plans through online. First of all, you have to download the Proposal form from the official website of Aegon Life. Required documents to buy the Aegon Life Term Insurance Plans.
- Proposal form / Application form along with the photo.
- Address Proof.
- Age Proof.
- Medical Reports (if required any).
Aegon Life Term Insurance Plans Claiming process/Steps
The Nominee / Policyholder can Claim the Policy. The Life Assured/Nominee is eligible for claiming the policy after the policy term or occurred of Death or Disability Sudden Accident of the Insured within the Policy Term. You can apply for Claiming through online from the official website or through alternate channels such as at Branch Office, through Helpline Number, Mail Id. The Documents required for Aegon Life Term Insurance Plans Claim Process are
- Death Certificate Original from Municipal / Local Authorities.
- Original Policy Document.
- Address Proof of Nominee.
- Hospital Records including Discharge Summary.
- Date of Birth Proof.
- Claimant’s Statement and Claim Forms.
- NEFT Form.
- A copy of Pass Book.
- And Additional documents, in the case of death, occurred due to unnatural or accidental death.
Aegon Life Term Insurance Plans Additional information
Free Look (Cooling Off) Period:
This is a good opportunity to the policyholder to terminate from the your policy If the you does not satisfied with the Terms and Conditions of the your Policy. Then The Life Assured can return the HDFC Life Savings cum Investment plans within 15 Days from the date of receipt of the Policy Document.
Grace Period
The Grace Period of the one month but not less than 30 days will be allowed for yearly, half-yearly, quarterly modes and 15 days for the Monthly Mode of Premium Payment. While Grace Period is a Term when you can Pay the Due Premiums to Continue your Policy.
Taxe
As per the Income Tax Laws, Benefits are available under Section 80C and Section 10(10D) of Income Tax Act for this HDFC Life Savings cum Investment plans.
Lapsed Policy
Suicide Exclusion
If death occurs due to suicide within 12 months from the date of inception of the Policy, Death Benefit is the refund of at least 80% of the Premiums paid provided the Policy is in force. The Policy Terminates upon payment of such benefit. If death occurs due to suicide within 12 months from the date of reinstatement of the Policy, the Death Benefit is higher of 80% of the Premiums paid till the date of death or the Surrender Value available as on the date of death. The Policy Terminates upon payment of such benefit.
Paid Up Policy
For a Policy in Paid Up status, the Paid Up Sum Assured will be paid out in case of death during the Policy Term. Paid Up Sum Assured = (Total Premiums paid / Total Premiums payable) X Sum Assured.