Aegon Life Insurance
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Aegon Life Insurance

Aegon Life Insurance 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. It is a joint venture between Aegon (an International Life insurance provider) and Bennett, Coleman & Company (India's largest media conglomerate, famously known as Times Group).

The company offers Term Insurance plans, Savings, Investment plans, Unit-Linked Insurance plans (ULIPs), and group solutions. Aegon Life, headquartered in Mumbai, serves a customer base of over 3 Lakhs.

Aegon Life Insurance Awards & Achievements

The company has been recognized on various occasions for its achievements. Some of its recent achievements are as follows:

  • Awarded the "Digital Company of the Year 2020" at India Insurance Summit 2020
  • Recognised as the "Best BFSI Brand 2019" by The Economic Times
  • Won the "Digital Insurer of the Year in the 2018 edition of the Indian Chamber of Commerce awards

Key Features of Aegon Life Insurance

Aegon Life Insurance offers an economical way of securing your family after you. Let's have a look at some of the brilliant features of the policy making it one of the best available term insurance plans in the domain.

  • Solvency Ratio
    The solvency ratio of the company helps an individual ascertain the company's ability to meet its long-term financial obligations. The Solvency Ratio of Aegon Life Term Insurance company for 2020-21 is 2.58. (As per IRDAI, it is mandatory for every life insurer to maintain a solvency ratio of 1.5).
  • Claim Settlement Ratio:
    The company has a good and reliable claim-settling process with a CSR of 99.25%. (CSR as per IRDAI report of the year 2020-21). Aegon Life Term Insurance holds one of the highest claims settlement ratios amongst all the insurance companies.
  • Annual Premium
    As per the IRDAI report 2020-21, Aegon Life Term Insurance recorded an annual premium of Rs. 526.07 Crores.
  • Operating Network
    Aegon Life Insurance is a global company and has a presence in over 20 countries. Their head office, however, can still be found in The Hague, the Netherlands. The company is headquartered in Mumbai, India, and serves 3 Lakh+ customers.
bharti axa life Insurance Key Features

Aegon Life Insurance Products List

The products offered by Aegon Life have attached riders for enhanced protection against accidental death, dismemberment, disability, critical illness, etc. The section below lists the insurance policies offered by Aegon Life.

  1. Aegon Life Term Insurance

    Aegon Term Insurance Plans are a type of life insurance that provides financial security to the family or dependants in case of death of the policyholder. The plans offer enhanced protection to the life assured against 36 critical illnesses inclusive of kidney failure, heart attack and cancer. These plans also help in taking off other liabilities such as home loan, personal loan, car loan, etc.

    Plan Entry Age Maturity Age Sum Assured
    iTerm Comfort Minimum Age:- 18 years
    Maximum Age:- 65 years
    70 years Rs. 25 lakhs and upwards
    Saral Jeevan Bima Minimum Age:- 18 years
    Maximum Age:- 65 years
    70 years Rs. 5 to 25 lakhs (in multiple of ?50,000/- only)

    Know More About: Aegon Life Term Insurance

  2. Aegon Life Savings Plans

    Aegon savings and investment plans offer multiple benefits such as a loyalty booster at the end of every policy year, simple reversionary bonuses and market-linked returns along with tax benefits to the policy owner.

    Plan Name Entry Age Maturity Age Policy Term
    POS-GRIP Minimum Age:- 1 year
    Maximum Age:- 50 years
    65 years 10-20 years
  3. Aegon Life ULIP Plans

    Aegon Unit-linked Insurance Plans are meant for market-linked investment along with life protection coverage, where a part of the premium is for life insurance cover and the rest of it is invested in capital markets. The plans offer a variety of investment fund options such as balanced fund, equity fund, secured fund and debt fund to choose (according to the risk appetite of the policyholder).

    Plan Entry Age Maturity Age Policy Term
    iInvest Minimum Age:- 7 years
    Maximum Age:- 55 years
    70 years 10 / 15 / 20 / 25 years
    iMaximize Minimum Age:- 7 years
    Maximum Age:- 55 years
    70 years 15 / 20 / 25 years
  4. Aegon Life Retirement Plans

    Plan your retirement with Aegon Retirement Plans and ensure that you enjoy your post-retirement years without any financial worry.

    Plan Entry Age Min. Annuity Amount Policy Term
    Saral Pension plan Minimum Age:- 40 years
    Maximum Age:- 80 years
    Rs. 1000 per month, Rs. 3000 per quarter, Rs. 6000 per half year, Rs. 12000 per annum Whole Life
    Jeevan Riddhi Insurance Plan Minimum Age:- 18 years
    Maximum Age:- 60 years
    NA 10-20 years
    Insta Pension Plan Minimum Age:- 50 years
    Maximum Age:- 85 years
    NA NA
    Regular Money Back Plan Minimum Age:- 7 days
    Maximum Age:- 60 years
    NA 20 years

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

Why Choose Aegon Life Insurance company?

  • Security & Satisfaction: Aegon life insurance plans are an excellent way to plan your life and execute it in the manner you like. Life Insurance from Aegon offers peace of mind and satisfaction as well as can help your family to stay financially covered in case something unfortunate happened to you.
  • Income Tax Advantage: The premiums paid and advantages received under Aegon life insurance policies are eligible for tax deductions under Section 80C and Section 10(10D) of the Income Tax Act, of 1961.
  • Fosters Savings for Life: Aegon life cover plans help you to invest a regular amount, thereby increasing your future savings, which may come in handy for your family in case you are no longer there to support them.

Buying process at Aegon Life Insurance

You can buy Aegon Life Insurance Plan in two different ways i.e. via the official website of Aegon Life Insurance or you can visit the nearest branch of the company.

Through PolicyX.com

  • Fill out the form given at the top of this page with the necessary details.
  • Select your income and city. Click on 'Proceed'.
  • Update your education and occupation details.
  • Choose your preferred plan and click on 'Buy this plan'.
  • Select policy term, premium period, and riders (if required) and then proceed to do the payment.

**Once the payment is made, you will get a payment confirmation at your registered email address.

Steps to buy from Aegon Life Insurance Official Website

  • Visit the official website and choose your plan.
  • Fill in your personal details like Name, Gender, DOB, Annual Income, etc and click on "Get a Free Quote".
  • Post this form and you will get a call from the customer service team of the company.
  • Tell the salesperson about your need so that he/she can send you the plan details via email.
  • The salesperson will share a payment link with you so that you can make your payment.

Claim Process at Aegon Life Insurance

Claim Intimation

Submit duly completed claim forms and required documents at the nearest Aegon Life Branch or at their Head Office.

Document Verification

Upon receipt of the documents, the company commences the Claim Process and futher validates the information provided.

Benefit Payout

Further, upon verification, the company releases the balance/ complete death/ rider benefit amount to the beneficiary.

Aegon Life Insurance Contact Details

Aegon Life Insurance Company, A-201, 2nd Floor, Leela Business Park, Andheri-Kurla Road Andheri-East Mumbai- 400059

customer.care@aegonlife.com

Toll-Free Number: 1800-209-9090 (Monday-Saturday | 9am - 7pm IST)

Life Insurance Articles

Aegon Life Insurance: FAQs

1. When can I expect to receive my e-welcome kit/policy document?

Online policy - Once the policy is issued, the soft copy of the policy document is sent to your registered email id within 4 working days.

Offline policy - Once the policy is issued, the soft and hard copy of the policy document is sent to your registered email id and mailing address within 4 working days.

2. How do I check the status of my claim?

The status of your Claim can be identified by calling the Customer Care Helpline at the Toll Free number- 1800 209 9090 or by writing to them at customer.care@aegonlife.com.

3. How do I communicate my concerns in regards to a claim decision?

In case a claimant has a query regarding claims, they can approach the Customer Care department at 1800 209 9090. In case the claimant finds the response dissatisfactory, he/she may write to the Grievance Redressal Committee at the following address:

Aegon Life Insurance Company Limited, Building no.- 3, Third floor, Unit no.- 1, Nesco IT Park, Western Express Highway, Goregaon (East), Mumbai -400063, Maharashtra

If the claimant is still not satisfied, (s)he can approach the Insurance Ombudsman.

4. How I can be able to increase the sum assured of Aegon insurance policy?

To increase the Sum Assured of Aegon insurance policy, you need to submit a duly signed request to the Aegon life insurance company.

5. Is it possible to add or remove a rider from my Aegon insurance policy?

Yes. you can add or remove riders from your Aegon Life Insurance plans. You need to submit a duly signed request letter to add a rider to the policy. To remove a rider, you need to call on the hotline number of the Aegon Life Insurance company. Keep your policy number and T-PIN handy at the time of the call.

6. What are the premium payment modes available for Aegon Life Insurance plans?

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

  • Net banking.
  • Debit
  • Credit card.
  • Cheque.
  • Cash payment at the branch

7. How can I revive lapsed Aegon Life Insurance plans?

You can revive a lapsed policy by paying the premium and notifying the company by sending an email/letter.

8. How can I get a copy of my policy document?

You will receive a soft copy of the policy document at your registered email address within 4 working days from the policy being issued.

What Our Customers Have to Say

Customer Review Image

Prerna Kumari

Mumbai

July 11, 2022

Good company. Presents nice term insurance plans and flexible plans also. My husband has brought one for the family.

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Priya Sangwan

Mumbai

July 11, 2022

IndiaFirst Term Insurance company ensures that your family s needs are looked after. One of the best companies offers a term plan per your needs.

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Priyanshi Deewan

Hyderabad

July 6, 2022

I recently received the claim amount of the policy that my husband had brought for us. I am glad that the company understands the needs of its customers and their families. Well done Canara HSB...

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Rishabh Kumar

Delhi

July 6, 2022

I bought a term plan with Canara HSBC for the protection of my family and have been satisfied with the benefits received. It is simple and easy to buy their plans.

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Samarth Gaur

Chennai

July 6, 2022

I am very happy with the term plans offered by the Canara HSBC Life Insurance company. The plans offer comprehensive coverage and I am sure will support my family after my demise.

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Vipul Bhardwaj

Coimbatore

June 9, 2022

Bharti AXA is a good life insurance company, and I am sure if something ha[opens to me, the company will look after my family s needs.

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Karan Veer

Mumbai

June 6, 2022

Kotak Mahindra company has fast customer service and sells good life insurance policies. I suggest all my friends and family also buy a life cover policy from Kotak Mahindra company.

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Urvashi R

Delhi

May 31, 2022

Hey everyone, just wanted to say that Kotak Mahindra Life Insurance is one of the best life insurance companies. You can even you should go for this company if you want to secure your family s ...