Aegon Life Insurance: Policy Details, Benefits, Premiums In 2024

AEGON Life Term Insurance Plans

The main role of Aegon Life insurance online term insurance is providing safety measures to your family or loved ones when you are not around, the premiums paid on the Aegon term insurance policy exclude the income tax act under section 80c. The maturity amount or claim is excluded under section 10(10D) and can benefit from tax exemptions on the sum assured and accrued bonus.

• Coverage: In Aegon, life insurance Term Plans policyholders can get a life full of coverage.
• Sum Assured: Sum Assured receives the insurer’s death upon the plan.
• Premium: Term Insurance Plans premiums are low compared to all other plans.
• Savings/Profit: Savings or Profits are not received.
• Maturity Benefits: There are no maturity benefits or payouts available.

AEGON Life Saral Jeevan Bima

Jeevan Bima is a non-linked individual risk Aegon life term insurance plan that secures financial protection to the family, in case of the death of the insured person during the policy term. During a waiting period of 45 days or expiry of the waiting period in case of any accidental death or any other issues, the amount is payable.

Aegon Life iTerm Insurance Plan:

AEGON Life iTerm Insurance Plan is an inexpensive protection plan with an add-on to choose from 3 different plan options basis your protection needs. The best thing about this plan is that you can get an additional payout on diagnosis of 36 Critical Illnesses including cancer, heart attack, and kidney failure. AEGON Life iTerm insurance plan also covers Covid-19 death claims.

• iTerm Life Protect Plan: Life coverage, 100% payout on Terminal illness, and Increase life cover.
• iTerm Protect Plus plan: Life Cover increases by 5% every year without an increase in premium and 100% payout on terminal illness.
• iTerm Dual Protect plan: Life cover, 100% payout on terminal illness, and regular monthly income starting from 60 years of age till maturity.

AEGON Life Insurance ULIP Plans

Aegon life insurance Unit Linked Insurance Plan is to provide life insurance cover your family with equity market to invest in it and grow your money. Benefits such as fund switching, income tax, high returns in long term, life cover. The policyholder needs to carry the risk of investment.

• Coverage: In Aegon, life insurance Unit Linked Insurance plan policyholders can get life cover and market-linked benefits.
• Sum Assured: Get sum assured on life cover as per plan.
• Premium: The premiums of the amount paid but deductions made for fees before unit purchase.
• Savings/Profit: Long-term goals achieved with wealth creation.
• Maturity Benefits: Benefit Returns depend on the market value of the funds where investments are made.

Aegon Life iInvest Plan:

iInvest is an online Unit Linked Insurance Plan (ULIP) that offers both protection and investment. It works well for first-time investors and market experts alike. We invest 100% of the premium you pay, thereby helping maximize your investment.

Why iInvest?

• Provides cover to your family financial needs in case of any demise
• 6 unit-linked funds to choose from your investment goals
• Higher sum assured
• Low investment money per month
• No deductions
• Tax benefits on premiums paid and the amount received

Aegon Life iMaximize Plan:

This plan is the same as the iInvest plan can also pamper your child’s needs in your absence through the Triple benefit pay-out option, which provides financial stress. No allocation charges maximize the return from your investment as the full amount gets exposure to the fund of your choice.

Why iMaximize?

• Secure your child with financial security
• Flexibility for you to invest as per risk factors
• Tax benefits on premiums paid and the amount received
• Triple benefit options
• Pays you the total fund value as on maturity date.

AEGON Life Insurance Savings Plans

AEGON Life insurance is a great saving and investment instrument, to improve your financial growth these plans offer specified returns when they are linked to the market.

• Coverage: In Endowment Insurance Plans policyholders can get a life full of coverage.
• Sum Assured: Sum assured receives upon survival.
• Premium: Premium Payable every month, but has a shorter period as compared to whole life insurance plans.
• Savings/Profit: Long-term goals are achieved with wealth creation.
• Maturity Benefits: Where investments are made the returns depend on market values.

Aegon Life POS Guaranteed Return Insurance Plan:

AEGON LIFE POS guaranteed return insurance plan is a non-linked, prevention life insurance plan which offers guaranteed returns in the form of a lump sum payout on maturity not regular income over a fixed period along with life cover for the entire policy term.

Why POS?

• Simple savings plan
• 100% guaranteed returns & maturity benefits
• Loyalty boosters are equal to 25 % basic sum assured at the plan of maturity.
• Quick policy issued within 48 hours of submission of the documents.
• 30 day free look period to review the policy.

AEGON Life Insurance Retirement Plans:

Aegon life insurance retirement plan that secures your family or loved ones covers your retirement plans as a savings plan to meet your retirement goals, or as an investment option to grow your wealth.

i. AEGON Life Saral Pension Plan:

AEGON Life insurance Saral Pension plan guarantees a regular income not only for you but also offers you the option to ensure the same for your spouse in your absence so that you can retire from work and not from life.

ii. Jeevan Riddhi Insurance Plan:

AEGON Life’s Jeevan Riddhi Insurance Plan gives you guaranteed additions on Sum Assured during the premium payment term. Moreover, Aegon life covers 50 lacs for 55 yr old women for any unfortunate event and you also get a share in the performance of the product through the regular bonus.

iii. AEGON Life Insta Pension Insurance Plan:

AEGON Life insurance Insta Pension Insurance Plan pays you a continuous income, post your retirement for the rest of your life.

AEGON Life Insurance Money-back Plans:

Aegon life insurance money-back plan is helping you to get payments in period-wise. The period pay-outs differ from company to company and plans also differ. The policy provides you with a specific amount in a periodic time that will meet your financial goals.

• Coverage: In Money-back Life Insurance Plans policyholders can get a life full of coverage.
• Sum Assured: Sum assured payments at regular intervals as a percentage.
• Premium: Premiums are high compared to endowment plans.
• Savings/Profit: No
• Maturity Benefits: Benefits are of Sum assured at regular intervals, balanced sum, and applicable bonuses. But returns are low compared to Aegon endowment due to higher premiums and lower bonuses.

i. Regular Money Back Insurance Plan:

AEGON Life’s Regular Money Back Insurance Plan provides you guaranteed pay-outs for 10 years and a life cover beyond the Premium Payment Term.

AEGON Life Insurance Group Plans

Group Insurance plans are special plans which provide coverage to a group of people registered under a common group. The plans under the Group Insurance category offered by the company are

Group Credit Shield Insurance Plan:

AEGON Life insurance Group Credit Shield Insurance Plan not only provides the members of your group with a life insurance plan but also covers their outstanding loan amount so their family's financial interests are seen after in case of uncertain things.

Group Term Plus Insurance Plan:

Aegon life group Term plus Insurance plan provides financial security need and serves as a unique way for employers or group administrators to reinforce their bond with their members. This plan provides benefits to groups such as Employer-Employee, Non-Employer-Employee, etc. This plan provides financial protection at a nominal cost.

AEGON Life Insurance Other Plans:

AEGON Life Rural Term Insurance Plan:

This AEGON Life Rural Term Insurance Plan is a single premium term plan. So you can enjoy the benefits of staying covered for 5 years by making just one payment.

Covid-19 Insurance Plan

Aegon Covid insurance plan is for coronavirus-affected persons which help in clearing some amount given to the hospitalization. The term plan comes with various Life Cover options. AEGON Life iTerm Insurance Plans also cover COVID-19 death claims along with other 36 critical illnesses like cancer, heart disease, etc.

Why Covid-19 Insurance?

Life Insurance with COVID-19 insurance Cover supports the customer by covering hospitalization amount of up to Rs 5 Lakh on a minimum of 24 hours of admitting on the first-ever diagnosis of COVID-19 condition along with death benefit from the life cover. In case of death, one can avail of the life benefit through the base plan, which will help in supporting the insured's family.

Features:

• Hospitalization Payout up to 5 lakhs
• No Medical Tests needed
• Instant Digital Policy and hassle-free service
• Death Cover is to the nominee in the sudden death of the policyholder
• Tax Benefits are paid as per Aegon life insurance premium calculator yearly.
• Continue Protection even after covid relief

Critical Illness Insurance

AEGON Life insurance critical illness plan is an additional rider. In case of the policyholder’s death, this insurance policy pays an assured death benefit. However, if the policyholder is diagnosed with any of the 36 critical illnesses specified under the policy terms, they are paid an upfront lump sum amount to ease the financial burden of medical treatment and other related costs.

Features:

• Protection against 36 life terrifying critical illness cover
• No need to step out of your house for medical tests
• Instant Digital Policy and hassle-free service
• Provides financial protection and peace of mind.

AEGON Whole life insurance

Aegon whole life insurance benefits your family when something happens to you and the cash value and earn interest. If you want to make a withdrawal or take a loan on interest but withdrawals will not impact the death benefits.

• Coverage: In Whole Life Insurance Plans policyholders can get a life full of coverage.
• Sum Assured: Whole life insurance receives sum assured and bonuses.
• Premium: Premiums are high due to inevitable payout and amount value build-up, but lower than savings & investment plans.
• Savings/Profit: This life insurance plan offers savings and wealth creation on your premiums.
• Maturity Benefits: Benefits are of sum assured and bonuses if any in the form of maturity claims or expiry premium payment and guaranteed payout.