Aegon Life Insurance

Aegon Life Insurance

right arrow

Get Instant Quotes

DOB
(eldest member)
Tobacco ?
Income
Proceed

Aegon Life Insurance Company

AEGON Life Insurance is an international life insurance company, which has branches all over India. This company is committed to build a gainful customer-centric business with scale, provide a work atmosphere that promotes excellence and innovation. Aegon Life Insurance Company will assume a local approach with the power of global expertise. The company launched its pan-India operations in July, 2008 following a multi-channel sharing strategy with a idea to help people plan their life better. The execution of this vision is based upon having a complete product suite, providing customized advice and enhancing the overall customer experience. Aegon Life Insurance Company has launched a host of products that are focused on providing the customer with the means to meeting their long-term financial goals.

Aegon Life Insurance Plans

Life insurance is a simple way to secure several things for a better future. It includes different types of plans which help you and your family as per your needs. It includes pension plans, term plan, child plan, investment plan, ULIPs etc, which are designed to meet the different needs of a consumer and his/her family.

Aegon Life Insurance Plans

Term Insurance

These plans make sure your family is well taken care of when you are not around and comes with an inbuilt terminal illness benefit, thus making sure you have double protection.

iTerm Insurance Plan

Apart from offering you coverage till 80 years of age, this comprehensive life protection plan also Term insurance plans are designed to give your family financial independence and stability in case of your sudden demise, accident, or other such unforeseen events.

iTerm Plus Insurance Plan

This cost-effective term insurance plan gives you coverage up to the age of 80 years and comes with four different plan options: Life Plan Benefit, Life Plus Benefit, Life & Health Benefit, Life & Health Plus Benefit.

iSpouse Insurance Plan

The iSpouse Insurance Plan offers dual protection to you and your spouse under the same policy.

iIncome Insurance Plan

This plan provides your nominee with a regular flow of income in the form of monthly payments that increase after each passing year, till 59 years of age.

iReturn Insurance Plan

Apart from providing with life cover, this plan returns all the premiums paid at the end of the policy, if you survive the policy duration.

Term Insurance Plan

This plan comes with two kinds of death benefit option that are:

  • Death Benefit I - The nominee receives 100 percent of the sum assured in case the insured passes away.
  • Death Benefit II - The nominee receives 50 percent of the sum assured when the insured passes away.

Easy Protect Insurance Plan

This plan allows you to secure your family with INR 10,000 per month for the next ten years, without you having to even do a medical test.

ULIPs

If you want to earn more benefits from your financial investments, a Unit Linked Insurance Plan will be your best bet. Generally referred to as a ULIP, this is an integrated plan that offers you the dual benefit of life insurance as well as investments in the form of stocks, bonds, and mutual funds.

iInvest Insurance Plan

This ULIP allows you to manage your funds in any proportion. You can invest in six different funds, such as blue-chip equity, accelerator, and opportunity, stable, secure and debt funds.

iMaximize Insurance Plan

This affordable plan comes with ‘Triple Benefits’. Here, along with a higher sum assured, you also get additional savings and income benefit.

iMaximize Single Premium Insurance Plan

This investment cum insurance plan needs you to invest only once, while you earn profitable returns on your investments for a long time to come.

Future Protect Insurance Plan

This plan allows you to multiply your amount from different investments, while also providing you with life coverage. Perfect for investors with a low-risk appetite!

Rising Star Insurance Plan

This plan acts as a great tool for securing the future of your children. It invests your money in equity markets while minimizing your risk profile.

Future Protect Plus Plan

This plan helps you generate an adequate pool of finances for the future by investing your money as well as providing you with risk coverage.

Retirement Plans

Retirement plans are financial security for your golden years. You should not have to depend on anyone financially for your own needs and wants.

Insta Pension Plan

An annuity plan which gives you an immediate pension to take care of your basic needs.

Child Insurance Plans

Child insurance plans can help you secure your children’s future allowing you to ensure that all their needs are met and nothing comes in the way of their dreams.

Rising Star Insurance Plan

This plan gives you the benefit of partial withdrawal, tax benefits, and death benefit.

Rural Insurance Plans

These are low-cost plans designed to suit the unique life insurance needs of people in rural areas

Rural Term Insurance Plan

This plan allows you to pay once in 5 years and be tension free.

Savings Plans

Along with savings, financial security is also important. That’s why Aviva offers a range of savings plans that come with the added benefits of insurance, as well as options like money back at regular intervals, a boost in savings, and bonus payouts.

Guaranteed Growth Insurance

A life insurance plan which offers assured returns on the annualized premiums.

Jeevan Shanti Insurance Plan-

If you want to save regularly along with life cover, this plan is for you.

Regular Money Back Insurance Plan-

Aegon Life's Regular Money Back Insurance Plan provides you guaranteed payouts for 10 years and a life cover beyond the Premium Payment Term.

Jeevan Riddhi Insurance Plan-

Aegon Life's Jeevan Riddhi Insurance Plan gives you 5% guaranteed additions on Sum Assured during the premium payment term. Moreover, your family is covered for any unfortunate event and you also get a share in the performance of the product through the regular bonus.

iGuarantee Insurance Plan-

You should purchase this plan if you want to accumulate wealth for important milestones Want guaranteed returns with minimum hassle.

Why Go For Life Insurance

Life insurance plans are a safe and secure way to defend your family members after your death. When deciding to buy a life insurance plan, you enter into an agreement with an insurer who, in return of a regular premium paid, offers the benefits of financial coverage in the sudden case of your unexpected demise. Your insurance cover and premium depends upon certain factors like your age, medical situation, etc. It is advisable to compare life insurance plan for better coverage. Besides offering monetary safety for your own family, life insurance policies offer the following advantages:-

  • Fact: Life insurance is an excellent way to plan your life and execute it in the manner you like. That is because it offers peace of mind that during the case of any unwanted event which results in your demise, the sum assured paid by the life insurance plan might be sufficient to take care of expenses. This is the number one advantage of existing coverage because it helps tide over hard situations without problems.

  • Tax advantages: The advantages offered by life coverage rules are eligible for tax deductions under the Income Tax Act in India. Additionally, charges paid on life coverage gets tax deductions under segment 80C of the Act. This advantage is frequently utilized by taxpayers throughout the country to plan their taxes. Those tax advantages additionally in an inclusive way helps boost the financial savings within the country and this, in turn, enables the monetary market and the overall economy – a reality often neglected because it does not directly affect the taxpayer. Try to compare life insurance plan online, so that you will be able to get the best insurance policy for yourself.

  • Encourages contribution: A life cover helps you to invest a regular amount, thereby increasing your corpus, which may come in handy for your family in case you are no longer there to support them.

  • Plan for retirement: Making plans for retirement is the biggest advantage of existing coverage plans. The EPF, PPF, and different pension plans only cover a small part of the population. But in most cases, those plans are encashed by individuals when he or she changes a company or moves abroad. Life insurance serves its purpose in such cases as it enables to build up a corpus for retirement and also provides life insurance coverage on the other hand.

A life coverage policy safeguards you from towards numerous small or major problems that life may throw at you. It guards you against the unwanted happenings of life and makes sure that you have a peace of mind while not worrying about your family and their well being after you are gone. It is advisable for you to compare life insurance plans online before making any decision to get the coverage.

How to Claim Insurance Through Aegon Life Insurance

We all know that a person invests in a life insurance plan to provide the required safety to he family in case of any unfortunate situation. IN such situation, insured's dependents or nominees can easily file a claim and receive compensation as per the terms.

With Aegon Life Insurance Company, you can file a claim within a few seconds. Required steps are mentioned below

  • The first thing that you have to do is to inform the insurer about the scenario as soon as possible. The nominee can also do the same.

  • According to the form of claim, the relevant claim form is to be submitted to any Aegon Life Insurance branch along with supporting documents such as hospital certificates, physician statement, death certificate or any other as applicable.

  • The insurance company will then analyze the whole scenario. He/she will anaylyse the whole scenario and will prepare a report of the same. He/she may then proceed with the further steps.

Aegon Life Insurance Claim Settlement Ratio

The claim settlement ratio of the company is really good. The company has settled a huge number of claims.

Look at the below table to get a clear idea about the same.

Year 2013-14 2014-15 2015-16 2016-17
Claim Settlement Ratio (%) 81.00 89.73 95.31% 97.11%
Total Premium (in crores) 453 559.3 501.6 450.72

Documents Required for Aegon Life Insurance:

In India, buying an effective life insurance plan is really easy. You have to submit a few documents only to attain such services. These documents are just to identify the insured identity and address for further process of verification and claim settlement.

Below are a few documents that are required in the same process.

  • Passport size photograph

  • Proof of residence

    Any one of the below mention proof will go well for address proof

    1. Bank account

    2. Post office statement

    3. Property tax or municipal tax receipt

    4. Rent agreement

    5. Utility bills (electricity, gas, telephone)

  • ID Proof

    You can submit any of the following documents as address proof

    1. Passport

    2. Voter’s identity card

    3. PAN card

    4. Driving license

    5. Aadhaar card

Check Aegon Life Insurance Policy Status

Those people who want to invest in an Aegon Life Insurance policy should check the status of the policy by multiple available options.

Check Online

If you want to check the status of your policy online then you can do the same by visiting the official site of Aegon Life Insurance and signing in to the customer portal.

On visiting homepage, you will see the option of Policy that will help you in analyzing the current status of your policy.

Check Offline

You can check the status of policy offline as well. You can do the same by calling on the toll-free number which is provided by the Aegon Life Insurance Company. Insured have to provide some information that includes your name, policy number, DOB, etc.

Aegon Life Insurance Online Payment

There is no doubt in saying that that generally people buy life insurance for long tenures and under the same, you get many options regarding payments. An insured can pay the premium on the basis of monthly, quarterly, half-yearly, annually or in a lump sum.

For those who choose to pay periodically, then they should make sure that they are making payment at the right time to avoid the late fee. With the same, the people can make payment online as well without visiting a bank or the branch office.

You can make payment easily with the below-mentioned process

  • Visit the Aegon Life Insurance website and click on the ‘Renew Online’ option on the homepage.

  • Submit the details such as your policy number and date of the birth

  • The amount that you have to pay will display on the screen.

  • Initiate the payment process with the help of the options that include- credit card or debit card or net banking.

  • Once the payment is made, an acknowledgment receipt will be sent to your email.

Aegon Life Insurance Premium Calculator

There is no doubt in saying that you have to pay a premium for the coverage that you opt. You have to pay it for a fixed tenure.

To provide ease, Aegon Life Insurance has made a few provisions for the same. It also helps you in calculating the same. You can easily use the online calculator to get an estimate of the premium amount. It may ask for a few details such as age, annual income, the policy is chosen, gender, etc. The calculator will then compute the exact amount to be paid a premium over the course of the policy.

Contact Address

Aegon Life Insurance Company Limited
Building No 3, Third floor, Unit No.1 Nesco IT Park, Western Express Highway, Goregaon(E) Mumbai - 400063.
Tele No.-022 61180100 Fax No.- 022 61180300.

FAQs

1. Can someone increase the sum assured amount in an Aegon Life insurance policy?

Yes, a person is allowed to increase the Sum Assured, For the same, he/she have to submit a duly signed request for the same.

2. Can a person easily add or remove riders from the policy?

Yes, as an insured you are allowed to add or remove the address. To add riders, you have to submit a request and to remove you must call on the tollfree number. Don't forget to keep your policy number and T-PIN handy.

3. How a person can switch funds in ULIP?

You can either:

  • Submit a requisition form.

  • Use the customer portal.

  • Call the company.

4. How A person can avail the ECS facility?

You can avail the ECS facility by

  • Filling out the ECS

  • Submit the filled out form with a canceled cheque

5. How a person can change the nomination in the policy?

Submit a form, or call the toll free number.

6. What is the claim process with Aegon Life?

  • Step 1: Intimate the company.

  • Step 2: Aegon pays out Fund Value.

  • Step 3: Settlement is done and benefits are paid out.

7. What are the premium payment options available for an Aegon Life Insurance policy?

You can pay your Aegon Life Insurance premium through any of the below options:

  • Net banking

  • Debit/credit card

  • Cheque

  • In cash (at the branch)

  • Through standing orders

8. Can someone revive a lapsed Aegon Life Insurance policy?

Yes, a person is liable to revive a lapsed Aegon Life Insurance policy by informing the company through an email/letter and making the premium payment.

Aegon Life Insurance News

Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA

November 13, 2017

On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.

 “The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017,” the IRDA said.

In the last June, the government of India had informed about the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, making Aaadhar and PAN/Form 60 compulsory for getting financial services that include insurance also and asked policyholders and companies for linking the existing policies with the same.

In a discussion with all life and general insurance companies, IRDA said the rules have “statutory force” and they have to implement the rule without waiting for the further instructions.

Right now, there are 24 life insurers and 33 general insurance companies operating in the country.

Although, there are no deadlines that have been given by IRDA for the completion of the process, as per the circular, it has to be done as soon as possible. Some insurance companies also said that this can also result in the delay of payout in a few cases. Aadhaar is now also compulsory for financial transactions of Rs 50,000 and above. Likewise, one has to link one’s Aadhaar number with the mobile number latest by February 6, 2018.

November 30, -0001

November 30, -0001

*Information provided on this webpage/website is only for the purpose of general information & understanding of the topic. PolicyX or any of its subsidiaries does not endorse any of the information provided herewith and are committed in providing correct and unbiased information to its customers helping them make an informed decision.