AEGON Life Insurance offers a diverse range of easy-to-buy insurance solutions keeping the financial needs of customers in mind. These plans are affordable and don't have any impact on the immediate financial goals of customers. So they can easily maintain their lifestyle without any hassle. By investing in AEGON life insurance plans, a person secures the future of his or her family.
AEGON Life Insurance offers a wide variety of health, savings, and investment plans. These include term plans, pension plans, child plans, ULIP plans, health insurance plans, rural plans, and group insurance plans. Each plan is exclusively created to meet the financial requirements of people. Each plan is unique, with competitive and attractive premium rates.
This insurance provider has an amazing claim settlement ratio. The ratio rose from 81% in 2013-14 to 96.45% in 2018-19, thus making it the most trusted insurance provider.
Another amazing aspect that sets AEGON Life apart from others is that they provide life cover up to the age of 100 years, where the insured person is required to pay the premium for up to 60 years only.
|AEGON Life Insurance Plan||Plan Type||Sum Assured (In Rs)||Age of Entry (In years)||Maturity Age (In years)||Policy Term (In years)|
|Easy Protect Insurance Plans||Term Insurance||12 Lakh||20/50||60||10|
|iTerm Insurance Plans||Term Insurance||10 Lakh||18/65||75||5/40|
|iReturn Insurance Plan||Term Insurance||10 Lakh||18/65||75||5/10/15/20|
|Rising Star Insurance Plans||ULIP||Age < 45 (10 times of the Annual Premium)||18/48||65||25|
|Future Protect Insurance Plan||ULIP||Age < 45 (10 times of the Annual Premium) Age > = 45 (7 time of the Annual Premium||7/50||65||10/20/25/30/35|
|iMaximise Single-Premium Insurance||ULIP||125% of the Single Premium Amount||8/60||65||10|
|Future Protect Plus Insurance Plan||ULIP||10 times the Annual Premium||7/50||70||15/20/25|
|iMaximize Insurance Plan||ULIP||10 times the Annual Premium||7/55||70||15/20/25|
|iGuarantee Insurance Plan||Savings Plan||10 times the Annual Premium||12/50||56||6 years|
|Regular Money Back Insurance Plan||Savings Plan||NA||55 (Max)||75||20|
|Guaranteed Growth Insurance Plan||Savings Plan||10 times the Annual Premium||8/50||60||10|
|Jeevan Shanti Insurance Plan||Savings Plan||Based on Age of the Life Insured||8/50||Last Birthday||10|
|Group Leave Encashment Plan||Group Insurance||1000||18/74||75||1 (renewable)|
|Group Credit Life Plan||Group Insurance||50000||18/55||65||90 Months (Limited)
60 Months (Regular)
24 Months (Single)
|Group Term Insurance||Group Insurance||5000||18/59||60||1 (renewable)|
|Group Gratuity Plan||Group Insurance||1000||18/74||75||1 (renewable)|
Let us take a look at different kinds of plan options offered by AEGON Life Insurance.
Term Insurance plans are the most popular plans as it gives death benefits to the family of the insured. AEGON Life insurance offers 6 different types of plan options that provide various benefits.
This plan is considered to be the most cost-efficient term insurance plan that provides life cover to its customers, up to the age of 100 years. One can get the benefit of lump-sum payout on the diagnosis of critical illnesses up to the age of 80 years. This plan provides protection against 36 critical illnesses like heart attack, cancer, or kidney failure. Some of the features of this plan are:
This plan doesn't require any medical or health check-up and allows the individual to secure his or her family with a regular income of Rs 10,000 per month. This means that the insured person will get an assured income every month and lead the same lifestyle even after the death of the policyholder. Some of the features of this plan are:
This term insurance plan provides the insured person's family comprehensive coverage that gives them the flexibility to lead an independent and financially secure life after the tragic demise of the policyholder. The family gets the monthly payouts. This plan also offers the insured person coverage for up to 75 years of age. Some of the features of this plan are:
This plan offers protection to the policyholder’s family against tragic death, illness, and disability caused due to accident. iTerm Plus plan provides coverage to the insured person up to the age of 80 years with the flexibility to increase the life cover at various important stages of life. Some of its features are:
There are four different plan options offered under the iTerm Plus Insurance Plan. Life Plan Benefit, Life Plus Benefit, Life and Health Benefit, and Life and Health Plus Benefit.
This plan not only provides protection in terms of life cover but promises to provide higher returns on premiums paid.
This is a non-participating and non-linked plan where a lump-sum amount is paid to the nominee after the demise of the policyholder. It offers protection for the entire life.
Unit-linked Insurance plans offered by AEGON Life Insurance are a combination of savings-cum-insurance plans. While a part of the premium is invested in insurance cover, the rest of it is invested in equity and debt schemes. These plans provide not only death and maturity benefits but also partial withdrawal facility as well as investment flexibility. There are four types of options available in ULIP plans:
This plan helps the policyholder to enjoy the benefits of investment maximization. The customer can easily buy the policy online. He or she has the flexibility to invest in three funds with the premium to be paid only once. One can also withdraw the policy amount partially.
This plan gives the flexibility to invest the amount of money the policyholder wants. They have the option to invest in blue-chip equity, accelerator, stable, secure, and debt funds. It does not involve any premium allocation charges.
In this plan, in case of the death of the policyholder, the entire cover amount is paid to the nominee. However, if the policyholder survives the tenure of the policy, then he or she is eligible to get a lump-sum amount. This plan also gives the policyholder flexibility to withdraw the money partially.
This plan is a combination of protection and market-linked returns. It provides triple benefits. Along with life cover and market-linked returns, it also takes care of the child's requirements. The policyholder will not only get a higher sum assured; he or she will also enjoy additional savings and income advantages.
These savings plans offer comprehensive coverage as well as assured returns. Different types of saving plans are:
This plan helps the policyholder to get back the money that was invested at regular intervals. Some of its features are:
This insurance plan offers guaranteed returns on the annualized premium paid with minimum hassle.
This plan helps the insured person to save regularly while providing life cover. It ensures steady savings and life cover at a minimum premium amount of Rs 500 per month. The insured can also avail additional benefits by adding riders to this plan.
This plan offers dual benefits of savings and life cover. The policyholder will get a guaranteed 5% additional benefit on the sum assured. The insured person gets a lump-sum payout at the end of the policy term. Moreover, a loan can also be availed on the same.
AEGON life provides two types of child insurance plans. One can compare plans and choose the best one. These are:
This plan promises guaranteed returns at regular intervals to look after the financial requirements of the child.
This is a unit-linked plan where the premium is paid for the entire term of the policy. Some of the features are:
Pension plans are the plans that ensure regular income flow even after retirement so that the elderly live a peaceful life. AEGON Life offers a Guaranteed Income Advantage Insurance Plan. Some of its features are:
This plan requires the policyholder to pay a single premium for the term of 5 years. In case of the death of the policyholder, the sum assured is paid to the nominee.
This plan provides life cover to people registered under a common group. These include the Group Gratuity Plan, Group Leave Encashment Plan, Group Credit Life Plan, and Group Term Plan.
AEGON Life Insurance Plans have several features and benefits. Some of its salient features and core benefits are as follows:
Given below is the list of documents required to purchase AEGON life insurance plans.
The claim shall not be processed under the following conditions:
AEGON Life Insurance has a very quick and easy claim settlement process. The steps to be followed are given below:
The policyholder can renew AEGON Life Insurance online in a quick and hassle-free manner.