Term Insurance plans from Aegon protect you against risks. These plans provide you with the benefits in case of the insured person’s demise during the chosen term of the plan. Aegon Term Life Insurance Plans are very helpful when it comes to income protection since the policy offers high coverage at a considerably lower amount of premiums. Aegon term plans allow a policyholder to build a substantial emergency fund for the family in case he suffers an untimely death.
Now let’s check out the different types of term insurance plans offered by the Aegon Life Insurance Company:
Aegon Life iTerm Insurance Plan
This term insurance plan from Aegon Life has been designed to protect the family of the policyholder in the event of his sudden death.
Special Features and Benefits of Aegon Life iTerm Insurance Plan
- Cover up to Rs. 1 crore is offered under Aegon Life iTerm Insurance Plan
- The payable premium under this policy is Rs. 8,100/- per annum
- The policy is applicable to a male of 25 years of age.
- The insurer must be a non-smoker individual
- The cover is for a tenure of 20 years.
- Aegon Life iTerm Insurance is only term plan which comes with terminal illness advantage
- The policy covers deaths due to any circumstances including attack by terrorists.
Aegon Life Easy Protect Insurance Plan
Aegon Life Easy Protect Insurance Plan has been designed to help the nominee lead the same lifestyle even when the policy-holder will no longer be there. Easy Protect Insurance Plan from Aegon life makes sure that the family gets an assured monthly income in the event of the unforeseen death of the insurer.
Special Features and Benefits of Aegon Life Easy Protect Insurance Plan
- Under this plan, the nominee will get an assured monthly amount of Rs. 10,000/- following the acceptance of claim.
- The company offers this amount for a period of 10 years.
- Aegon Life Easy Protect Insurance Plan does not comprise of any medicals.
- Avail tax deduction benefits under this plan as per the Income Tax Law.
Aegon Life Term Insurance Plans
This life insurance plan from Aegon Life provides financial cushion to the nominee following the death of the insurer. The policy provides life cover to the family of the deceased. It also offers monthly payouts in the form of income benefits.
Special Features and Benefits of Aegon Life Term Insurance Plans
- The policy offers 2 death benefits.
- Aegon Life Term Insurance Plans offer monthly payouts for a period of 5 years.
- The offered monthly payout amounts to 3% of the cover amount.
- The policy offers the advantage of inbuilt accidental death.
- The policy guarantees regular monthly payouts in the event of death benefit.
- The cover is offered up to 75 years of age.
- Avail tax benefits as per the tax act.
Aegon Life iReturn Insurance Plans
This Aegon life insurance plan not only aims at providing protection in the form of cover but also ensures return of the premiums.
Special Features and Benefits of Aegon Life iRerurn Insurance Plans
- You can purchase this plan online.
- No paperwork is required to buy this plan.
- Aegon Life iRerurn Insurance Plans have been designed for people who are the only bread earner of the family with diverse financial burdens and also for those who have dependents.
- The cover amount is payable to the nominee in the event of the death of the insurer.
- At the end of the policy term (if the policy-holder survives), the premiums paid are returned to the insurer.
- Offers several riders to chosen from.
- Avail tax benefits as per the income tax law.
|Aegon Life Insurance Plan||Entry Age||Plan Type||Sum Assured||Maturity Age||Policy Term|
|iTerm Insurance Plans||18/65 years||Term Insurance||Rs. 10,00,000/-||75 years||5/40 years|
|Easy Protect Insurance Plans||20/50 years||Term Insurance||Rs. 12,00,000/-||60 years||10 years|
|Term Insurance Plans||20/65 years||Term Insurance||Rs. 10,00,000/-||75 years||10/15/20/25/30/35/40 and 75 years|
|iReturn Insurance Plan||18/65 years||Term Insurance||Rs. 30,00,000/-||75 years||5/10/15/20 years|