Aegon Life Insurance Company Limited (formerly known as Aegon Religare life insurance corporation) is a new-age digital service company with a vision to assist human beings to plan their life better.
The full-fillment of this vision is based totally upon having a whole product suite, presenting customized recommendation. Aegon, an international provider of life insurance, pension & asset management and Bennett, Coleman & Company, India's main media conglomerate, have come collectively to launch Aegon life Insurance. This joint task adopts a nearby approach with the power of world knowledge to launch products that is targeted at offering the method to plan their long-term financial goals.
|Business Line||Life Insurance|
|Main Distribution challenges||Agency Relationship Connect, Business, Alliances, E- Commerce|
Life insurance is not purely a retirement plan, but Aegon life insurance company makes sure to cover your post-retirement life and that's out it comes out with a special retirement/pension plan. The company has designed a pension plan which is designed with all the features that a consumer required for a secure post-retirement life.
Aegon Life's Insta Pension Plan is a perfectly designed retirement plan which makes sure that you can live your post-retirement financially independent. With this plan, you will get lifetime income, double- payout mode, annuity options and much more. The plan comes at an affordable price which makes it a complete package for a secure retirement.
|Entry Age||Minimum- 50 Years, Maximum- 85 Years|
|Premium||Minimum 1 lakh, Maximum- No limits|
|Premium Paying Term||Single Term|
|Entry Age of Spouse||Minimum- 50 Years, Maximum- 85 Years|
Aegon Life Insurance Company is one of the most preferred life insurance companies. The company carries the experience of many years in the same domain and offering multiple plans cater to different needs of yours.
Pension is important to secure your post-retirement days. It will allow you to live your life independently ever after retirement. With the same, you don't have to ask for money from any other person. It will be enough to deal with all your expenses. Below are a few more options that represent the importance of pension plans.
There is no doubt in saying that you need to invest your money strategically to make savings for your retirement years. Savings play an important role to secure your post-retirement years. Investment in pension plans should be done in advance. With the same, at the time of retirement, you must be having sufficient funds.
To understand the calculation, let's take an example:- Suppose if your age is 30 and you want to retire at 55, so accordingly, you have 25 years in hand to plan your retirement. You expect to live till 80 years. According to the same, the total corpus you require would be
|Existing total Investment and savings||10000000|
|Life expectancy||80 years|
|Retirement age||55 years|
|Your current age||30 years|
|The annual rate of return||10%|
With the help of an online pension calculator, you can easily come to know about monthly savings, current needs, and required sum among others.
Your annual statement of pension shows how your pension is performing and what you can expect when you retire. You need to check it and ensure that your savings are on track.
The main areas where you must focus are
Guaranteed minimum pension (GMP) is a defined benefit. This means there is a specific pension amount and is payable at age 60(females) and 65(males). The amount payable will be calculated by HM Revenue & Customs (HMRC) and does not depend on investment return.
You can easily log in to your e-portal with your details that include policy number and policyholder date of birth as well. For the offline portal, you can visit the branch office to drop the cheque.
The company settled the claim in three steps mentioned below
In a case where you are not satisfied with the policy then you can fill the surrender form along with the policy's document and submit the same in any branch office along with the cancellation charges. It will take 30 days to process the refund in your bank account.
No customers cannot avail loans against your Insta Pension Plan
As soon as possible. You must plan in its early 30's or as soon as possible. As soon as you start the more you will get.
Yes, service tax would be charged according to the prevailing tax.
Last updated on 26-08-2020