Aegon Life iTerm Insurance Plan is an ideal cost-effective way to provide comprehensive financial security to one’s family in their absence. It gives 3 different plan options – Life Protect, Protect Plus, and Dual Protect to match the various requirements in a person’s life. Term Plan offered by Aegon Life Insurance Term PlanĪegon Life iTerm Insurance Plan: Aegon Life Insurance’s term plan offers complete protection until the age of 100 years. It provides the option to increase or decrease the sum assured, suiting your various life goals.The Dual Protect option of the Aegon Life iTerm Insurance plan offers a return of sum assured after retirement.iTerm Insurance Plan comes with 3 different plan options catering to every individual’s different needs.It is the best plan for you to choose as you get an additional lump sum amount on 36 critical illnesses diagnosis up to the. With an option of life coverage till the age of 100 years, iTerm Plan is truly one-of-a-kind in its unparalleled coverage. The plan can be bought digitally without any paperwork. Aegon iTerm Insurance Plan is a highly cost-effective protection plan for you and your loved ones.Aegon’s life insurance policies offer tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961 for premiums paid.It has a quick and hassle-free claim settlement process.The term plan offers flexibility to choose from various premium payment modes and staggered payout options.The insurer also offers 1 crore and higher life cover.The premiums are fixed throughout the policy term and never increase.It offers the flexibility to enhance the base coverage through various riders like Critical Illness Cover and Accidental Death Cover.Aegon Life Insurance term plan offers a guaranteed sum assured in case of the insured’s death.Benefits of buying Aegon Life Insurance Term Plan Along with the base sum assured, the plan offers additional coverage for accidental death, critical illness, terminal illness up to the age of 80 years and more through various riders and also covers COVID-19 death claims. It provides comprehensive life coverage at an affordable price. The term plan offered by Aegon Life Insurance is designed for every earning member of a family. If the death of the policyholder is due to suicide within 12 months of the policy revival, then the death benefit is the higher of either 80 percent of the premium charges paid till the date of death or surrender value as on the date of death.Aegon Life Insurance is one of the leading insurer providers in the country with an aim to provide stress-free lives to every individual.If the policyholder dies by suicide within 12 months of the policy purchase, only 80 percent of the premiums paid is disbursed as death benefits.Also, the company’s claim settlement ratio (CSR) affirms its credibility as the company is inclined to settle claims made by their customers and their appointed nominees. Increasing customer base explains the growing affinity of customers towards the plans sold by Aegon Life Insurance Company. The company also avails its customers the benefits of multiple insurance plans including:. Canceled cheque of the bank in which the policyholder would like the death benefits to be creditedĪegon Life iTerm Plan is not the only plan that the company sells to its customers.Last salary slip received from the employer as income proof.While filling the insurance policy proposal form, it is important that the customers must submit the following documents including:. Minimum sum assured is Rs 25 lakhs while the maximum can go up to any limit subject to the underwriter’s terms and conditionsĭocuments That Need To Be Submitted Along With the Insurance Policy Proposal.Whole life cover available till 100 years which implies greater chances of the nominee getting death benefits in the event of the policyholder’s unforeseen death.
Online availability means that the customers do not have to go through the hassle of submitting physical documents or paying premiums by cheques.Policyholders may enhance the policy cover by choosing add-on riders including accident cover, critical illness cover or permanent disability by paying extra premiums.
AEGON ITERM PLAN PLUS
Key Benefits of Buying Aegon Life iTerm and iTerm Plus Insurance Plan Include