About Aegon Life Endowment Plans

The endowment plans from Aegon Life Insurance Company have been meticulously designed as life insurance policies. Aegon Life Endowment Plans not only cover the individual’s life in case of an ill-fated event, but also provides with maturity benefits at the end of the policy period.

Subsequent to a precise period of time- called ‘maturity’- the endowment plans are designed to pay a lump sum amount. Aegon Life Insurance Company will pay this Sum Assured amount to the endowment policy holder’s nominees if the policyholder suffers death or to the policyholder himself on a previously set date in the future.

Aegon Life iGuarantee Plan

Life iGuarantee Plan from Aegon Life Insurance Company is an Endowment Plan. The policy has been designed to provide guaranteed returns. Aegon Life iGuarantee policy comes with a limited premium paying term of 6 years. The policy can be purchased online. While buying the policy, the policyholder doesn’t require undergoing any medical tests.

Special Features and Benefits of Aegon Life iGuarantee Policy

  • Aegon Life iGuarantee policy offers guaranteed returns on maturity in the form of 135% returns on the annualized premium paid.
  • The plan can be easily purchased online without any hassle.
  • Aegon Life iGuarantee plan is available with a limited premium payment term of 6 yrs
  • No medicals is required in terms of purchasing the plan
  • Provides guaranteed death benefit of Sum Assured which is 10 times of the annualized premium
  • Death Benefit – In case the policyholder suffers death during the Policy Term, the Sum Assured will be paid to the nominee in the form of Death Benefit and afterwards the policy will come to termination.
  • Maturity Benefit – On the survival of the policyholder till the policy period ending, the policyholder will get 135% of the Annualized Premium each year for a period of 6 years. This benefit would be payable each year for a term of 6 years.
  • Income Tax Benefit – The premiums that are paid up to Rs. 1, 00,000/- are eligible for income tax deduction every year under section 80C of the income tax act. The maturity amount will also be excused from income tax deductions under section 10(10)D of the income tax act, subject to fulfillment of terms and conditions associated with the plan.

Eligibility Criteria for Aegon Life iGuarantee Policy

Minimum Maximum
Policy Tenure 6 Years
Premium Payment Tenure 6 Years
Payout Tenure 6 Years
Sum Assured 10 X Annualized Premium
Entry Age of Life Insured 12 Years 50 Years
Maturity Age - 56 Years
Premium
  • For individuals aged less that 40 years – 48, 000/- per annum
  • For individuals aged over 40 years – 60, 000/- per annum
2,50,000/-
Modes of Premium Payment Annual and Monthly

Aegon Life Guaranteed Growth Insurance Plan

Life Guaranteed Growth Insurance Plan from Aegon Life Insurance Company is a Guaranteed Money Back Plan. It is basically a Traditional Plan with no Bonus facility. Aegon Life Guaranteed Growth Insurance policy is the best match for medium term investors who are looking for Guaranteed Return Plans without a great deal Investment Risks together with Insurance Protection.

This is a unique endowment plan from Aegon Life in which the policyholder needs to pay the premium needs only for a period of 8 years while 150% of the Premium Amount is paid each year from the 10th to the end of 17th year as Guaranteed Payout.

Special Features and Benefits of Aegon Life Guaranteed Growth Insurance Policy

  • Aegon Life Guaranteed Growth Insurance Policy is a Guaranteed Money Back Plan which comes with a Limited Period Premium Payment.
  • Limited Premium Payment Tenure – The policy has a premium paying term of 8 years and policy term of 10 years.
  • After the policy term, it provides with guaranteed return to customers for a period of 8 years.
  • From the end of the 10th policy year to the end of the 17th year, Aegon Life Guaranteed Growth Insurance Policy also offers annual return which is equal to 150% of the premium amount.
  • All the future premiums will be waived off and guaranteed annual payouts are payable to the nominee in case of death of the policyholder during the policy term.
  • Premiums paid and payout received are eligible for income tax deduction under section 80C of the Indian Income tax Act
  • Death Benefit – All the he future premiums will be waived off and the policy will continue as per schedule in case of death of the Life Insured within the Premium Paying Term of 8 years
  • Maturity Benefit – Under this plan, 150% of the Annualized Premium is paid as the maturity benefit every year from the ending of the 10th Policy year to 17th Policy year end, regardless of the death or survival of the life insured.

Eligibility Criteria for the Aegon Life Guaranteed Growth Insurance Policy

Minimum Maximum
Sum Assured 10 times of the Annualized Premium
Policy Term 10 years
Premium Payment Term 8 Years
Payout Period 10th Year end to the end of 17th Year
Entry Age of Life Insured 8 Years 50 Years
Age at Maturity - 60 Years
Premium
  • Rs. 20, 000/- for 8-35 years,
  • Rs. 30, 000/- for 36-45 years,
  • Rs. 40, 000-/ for 46-50 years
  • Rs. 3,00,000/- for 8-35 years,
  • Rs. 2,00,000/- for 36-45 years,
  • Rs. 1,00,000/- for 46-50 years
Modes of Premium Payment Annual and Monthly

Aegon Life Regular Money Back Insurance Plan

Check out the special features and benefits of the plan below:

  • The maximum entry age for Aegon Life Regular Money Back Insurance Plan is 55 years.
  • The maturity age of this plan is 75 years.
  • The policy tenure can be for 20 years under this plan.
  • To deal with the important phases in life, this savings plan from Aegon Life offers funds during regular intervals.
  • The policy also provides with regular guaranteed income
  • To deal with unforeseen situations in life, Aegon Life Regular Money Back Insurance Plan offers loan facility.
  • The policy offers option for flexible premium payment

Eligibility Criteria for Aegon Life Regular Money Back Insurance Policy

Minimum Maximum
Age of Entry (Last Birthday) 7 days
  • For Limited Pay – 55 years
  • For Single Pay – 60 years
Age of Maturity (Last Birthday) NA
  • For Limited Pay – 75 years
  • For Single Pay – 80 years
Plan Tenure 20 years
Payable Premium
  • For Limited Pay – Rs.12, 000/ annually
  • For Single Pay – Rs.1 lakh
No limit
Premium Paying Tenure (PPT) 7/10 years or Single Pay
Sum Assured This would be calculated on the basis of the age, premium payment tenure and paid amount of premium
Mode of Premium Payment
  • Monthly
  • Half-yearly
  • Annually

Aegon Life Jeevan Shanti Insurance Plan

Check out the special features and benefits of the plan below:

  • The minimum entry age for Aegon Life Jeevan Shanti Insurance Plan is 8 years and maximum age of entry is 50
  • The maturity age of the policy is last birthday of the life assured
  • The maximum Sum Assured under this plan depends on the age of the insured
  • The term of this policy is 10 years
  • The policy offers tax benefits under Section 80C and 10(10D) of the Income Tax Act given that the premiums are paid timely.
  • The plan provides with regular savings along with life cover.
  • Aegon Life Jeevan Shanti Insurance Plan has been designed in a way that it provides systematic monthly savings.
  • At the time of policy maturity, it offers a lump sum payout.
  • The policy comes with the option for flexible premium payment.

Eligibility Criteria for Aegon Life Jeevan Shanti Insurance Plan

Minimum Maximum
Age of Entry 8 days 50 years
Age of Maturity 18 years 70 years
Plan Period 10, 15 or 20 years
Monthly Payable Premium
  • Term 10 years – Rs.750
  • Term 15 years – Rs.600
  • Term 20 years – Rs.500
Rs. 3100/-
Premium Payable Tenure 7, 10 or equal to plan tenure
Sum Assured It will depend on the age, policy tenure and the chosen monthly premium.
Mode of Premium Payment
  • Monthly
  • Half-yearly
  • Annually