Aegon Life Insurance

Aegon Life Insurance

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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.

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.

Importance of 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.

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.

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

Aegon Life Insurance News

Monday November 30, -0001

Monday November 30, -0001

Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA

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.

Monday November 13, 2017

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