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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 an 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 of meeting their long-term financial goals.
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.
|Claim Settlement Ratio||95.67%|
|Coverage Provided||Rs. 1 Crore|
|Number of Critical Illness Cover||46|
Aegon Life is offering 7 different Life Insurance Plans along with a variety of benefits for all your insurance needs. Let us discuss the following:
Also known as ‘pure’ life insurance plans; these plans make sure the family of the insured is well taken care of when he/she is no more. It comes with an inbuilt terminal illness benefit, thus making sure you have double protection.
Aegon Life Term Insurance Plan: Apart from offering you coverage till 80 years of age, this comprehensive life protection plans are designed to give your family financial independence and stability in case of your sudden demise, accident, or other such unforeseen events. Assures for a monthly income source for the family.
Aegon Life 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.
Aegon Life iReturn Insurance Plan: The plan will not be providing any death benefit but ensures a payout of 3% sum assured amount every month to the family of the policyholder.
Aegon Life iTerm Forever Insurance Plan: A non-participating non-linked plan by Aegon Life. Lump sum benefit will be paid to the beneficiary in case of unfortunate death of the insured at any stage of life. The plan offers a protection for the entire life.
Aegon Life Easy Protect Insurance Plan: This plan allows you to secure your family with Rs. 10,000 per month for the next 10 years. Any medical or health check-ups are not required for the plan.
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 6 different funds, such as blue-chip equity, accelerator, and opportunity, stable, secure and debt funds. There are no premium allocation charges. The entire premium paid can be invested with protective and good returns.
iMaximize Insurance Plan: This affordable plan is a mixture of protection and market-linked returns that comes with ‘Triple Benefits’ to take care of the child's requirements also. Here, along with a higher sum assured, you will be liable to get additional savings and income benefits.
Future Protect Plus Plan: This plan helps you generate an adequate pool of finances for the future such as your child’s education, security for needs in different stages of life by investing your money as well as providing you with risk coverage.
iMaximize Single Premium Insurance Plan: A Unit Linked Insurance Plan in which only single payment is required and the plan will offer insurance protection along with attractive returns.
Future Protect Insurance Plan: Offers a life cover for your family in the event of unfortunate death. The policyholder can enjoy life protection along with good market returns.
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.
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.
Rising Star Insurance Plan: This plan gives you the benefit of partial withdrawal, tax benefits, and death benefits. It acts as a great tool for securing the future of your children. It invests your money in equity markets while minimizing your risk profile.
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 the basic needs for the rest of life after retirement.
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.
iGuarantee Plan: A life insurance plan which offers assured returns on the annualized premiums. If you want to save regularly along with life cover, this plan is for you. You should purchase this plan if you want to accumulate wealth for important milestones and want guaranteed returns with minimum hassle.
Aegon Life's Regular Money Back Insurance Plan provides you guaranteed payouts for 10 years and a life cover beyond the Premium Payment Term.
iReturn policy: Aegon Life's iReturn policy 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.
The plan is also known as permanent insurance that provides lifetime coverage. The plan offers to generate cash value that will be beneficial for investment or future expenses in life. The premiums may be higher in comparison to term insurance policy.
iTerm Forever Insurance Plan: In this plan the beneficiary will be liable to get the sum assured in an unfortunate event of death of the policyholder along with the premiums paid to withdraw anytime during his lifetime. But, he/she has to pay back to maintain the death benefit or it will decrease considerably.
Life insurance plans are a safe and secure way to defend your family members after death by the benefits of financial coverage in return for the premiums paid. It is advisable to compare the life insurance plan for better coverage. Besides offering monetary safety for your family, life insurance policies offers the following advantages:-
The CSR; Claim Settlement Ratio of the Aegon Life Insurance Company is appreciable as the company has settled a huge number of claims on-time.
Look at the below table to get a clear idea:
|Year||Claim Settlement Ratio (%)|
Even though the premiums depend on the plan you have bought yet there are several other factors affecting the premiums of Aegon Life Insurance. The factors are mentioned below:
With Aegon Life Insurance Company, you can file a claim within a few seconds. Required steps are mentioned below:
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.
Those people who want to invest in an Aegon Life Insurance policy should check the status of the policy by multiple available options.
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 the homepage, you will see the option of ‘Policy’ that will help you in analyzing the current status of your policy.
You can check the status of the 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.
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, people can make payments online as well without visiting a bank or the branch office.
You can make payment easily with the below-mentioned process
Here is a seamless process to get Aegon Life Insurance policy renewed. All that needs to be done is ‘renewal premium payment’. The below-mentioned points will prove more beneficial in case of policy renewal:
For further queries, here are the contact details of the company. All the questions will be answered satisfactorily by the customer care executive.
Yes, a person is allowed to increase the Sum Assured, For the same, he/she has to submit a duly signed request for the same.
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 toll-free number. Don't forget to keep your policy number and T-PIN handy.
You can either:
You can avail the ECS facility by
Submit a form, or call the toll free number.
You can pay your Aegon Life Insurance premium through any of the below options:
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.
At the time of buying a policy, the insurance company will intimate you with all the related information about the premium payment.
Other than this, the Aegon Life insurance calculator can help you in the best way. All you need to do is fill in the concerned information and the name of the plan you have bought and the calculator will tell you the exact amount to be paid.
Yes, the riders are available for people who drink or smoke. All you need to do is mention all your living habits to the insurance executive and they will suggest you with the most suitable life insurance plan.
Yes, the Aegon life insurance company provides an online facility to its users and the claim process can be requested online.
Aegon Life insurance is providing insurance to people up till 80 years of age. So, You can easily get your life insured.
It is always beneficial to mention the family history as it will help you in choosing a better insurance plan depending upon the diseases you can be prone to.
In such circumstances, you can contact the customer care representatives number mentioned in the above article. Moreover, you can even contact through mail.
You can attach any of the following documents as address proof:
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Last updated on 30-10-2019