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Aegon Life Insurance Company, which was formerly known as Aegon Religare Life Insurance Company is a growing insurance company in India. Since its inauguration, the company never looked back and become a strong player in the life insurance industry. When it comes to life insurance industry, you will notice that Aegon Life Insurance is one of the leading and strongest players that deals with several forms of financial services which include life insurance, asset management, and pension among others.
Currently, the company is holding good market shares and has launched several different life insurance products for the ease of the customer to choose as per their requirement.
Term insurance is a form of life insurance product. It is a legal contract between the insured and insurer. Under the term insurance plan, the insurer promises to pay an amount which is set by the insured to the family in case of his/her untimely death during the policy tenure. For the same, the insured person has to pay a fixed premium regularly to the insurer and in return, the company will take care of all financial expenses of his/her family in the absence of the insured.
Under the same, the insured person will be liable to get a life cover up to the age of 75 years.Tax benefits
You can also avail tax benefits under the term insurance plan that'll help you in saving more.Death benefits
Under the term insurance plan by Aegon Life, you will be able to get accidental benefits, death benefits which can be equal to 100% of the sum assured amount. This is a great benefit that you will avail under Aegon Life Insurance.
Under this, your family will be liable to get an assured amount related to 100 percent in the case of your death.Death benefit option II:
You will get 50% of the sum assured on an immediate basis and regular incomeof 3% per month for the following five years.
Aegon Life Insurance is offering a wide range of term plans to the customers at an affordable price so that they can secure the future of their loved ones easily.
There is no doubt in saying that the Aegon Life term plans are trustworthy and one of the best options to secure the future of your loved ones in case of your absence as well. It is one of the most cost - effective options that you will get at a lowered cost.
It is a complete online term plan under which you can choose from a choice of four options which offer different inbuilt features such as accidental death and critical illness. So, while you get no money back with iTerm plus if things stay well through the entire term, it makes sure of adequate protection for your loved ones, if the worst were to happen.
This basic term life insurance plan offers the financial coverage to your loved ones against all financial obstacles in the event of the death of the policyholder. Also, this plan ensures a monthly income for your family.
This insurance plan makes sure that your family will sustain the same lifestyle even after your death. In case of the death of the insured, this plan will offer the needful monthly income to his/her family.
It is a non-linked non-participating whole life term insurance plan. This plan comes out with the option to increase your life cover by paying an additional premium.
One more term insurance plan by Aegon Life Insurance, the best thing about this plan that provides death benefits along with an inbuilt terminal illness cover. However, unlike a basic term plan, the company will give you your money back if all goes well – so you get back the amount you pay as premiums at the end of the term.
This effective term insurance plan offers coverage to the primary holder and his/her spouse as well and carries several beneficial features such as monthly income to the surviving spouse, tax benefits, etc.
One more effective plan by Aegon Life. Under this plan, you will be able to get the coverage and regular income for 5 years in the case of disability along with several other benefits as well.
It is a term insurance plan that offers a cover till the age of 100 years. Under this term plan, you can also avail illness benefit.
When you decide to buy a term life insurance plan, then there is a list of documents that you have to attach along with application form to complete the purchase. These documents are set to confirm the insured’s identity and address for further verification and settlement process.
This is the list of all documents that you have to submit to complete your purchase.
1. Residence Proof: Any one of the documents that are listed below should be submitted as a proof of residence
Property tax or municipal tax receipt.
Bank account or post office account statement.
Latest utility bills like electricity, gas, and telephone but it should not be more than 2 months old.
Letter of accommodation allotment from state or central government, financial institutions or listed companies.
2. Passport size photograph
3. Identity Proof: Any one of the below-mentioned documents are to be submitted towards proof of identity
Voter’s identity card
Job card issued by NREGA, signed by a State Government officer
Those people who have applied for an Aegon Life insurance policy can easily check the status of their policy with the help of several multiple avenues that are available for tracking their policy status and can gather related information.Check Online
Now, it is easy for you to check the status of your policy from the comfort of your home. With the online portal, you can easily get the required information. All you need to do is to sign in.Checking Policy Status Offline
If you don’t want to proceed online and feel comfortable with the offline method, then you can easily call on the toll-free number of the company and check all the relevant details.Aegon Life Insurance Online Payment
There is no doubt in saying that the life insurance policies are generally there for long tenures with different options related to the payment. Aegon Life Insurance Company offers the option of easy payment with monthly, quarterly, half yearly, yearly and lump sum options.