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Aegon Life insurance (formerly known as Aegon Religare Life Insurance) commenced operations in July 2008. Aegon Life Insurance was the first company in India to offer Online Term Insurance Plans.
Aegon Life is one of the leading insurance companies providing financial services like life insurance, pension, and wealth management services. Moreover, Aegon Term Insurance has a dedicated customer support team that is committed to providing the best possible service to its customers.
Aegon Life is a company that is dedicated to helping our customers secure their long-term financial future.
Aegon Life Term 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.
Aegon Life offers easy-to-purchase life insurance solutions to cater to your life insurance requirements.
It is an individual, pure risk, non-participating, a non-linked Term Insurance plan that serves as financial support for the dependents in case of the policyholder's death.
Unique Features
In case of the death of the Life Assured due to an accident during the rider term, an amount equal to the Rider Sum Assured is payable. This amount will be in addition to the death benefit under the Base Policy.
To calculate Aegon Term Insurance Premiums, policyholders can turn to Aegon Term Insurance Premium Calculator. It is an online tool that allows the policyholder to calculate their term plan premiums in advance.
Take a look below at some of the sample premiums of the Aegon Term plan:
Sum Assured (in Rs.) | 15 Lakhs | 20 Lakhs | 25 Lakhs |
Premium (in Rs.) | 685 | 1,378 | 3,030 |
*Premiums calculated for a 30-year old, non-smoker male. The chosen premium paying term and policy cover is of 10 years.
Sum Assured (in Rs.) | 15 Lakhs | 20 Lakhs | 25 Lakhs |
Premium (in Rs.) | 483 | 518 | 648 |
*Premiums calculated for a 30-year old, non-smoker male. The chosen premium paying term and policy cover is of 10 years.
Aegon Life allows you to buy a term insurance plan in simple steps online via their website.
**Once the payment is made, you will get a payment confirmation at your registered email address.
Filing a claim for Aegon Term Plan is a simple and hassle-free task. You can easily fill and submit their claims online in 3 easy steps. To file a claim for Aegon Life Term Plan, you need to follow the below-mentioned steps.
1. Claim Intimation
You can visit their official website Aegon Life and click on “Register Claim†and fill in the necessary details.
A claim reference number/intimation number will be provided to you upon successful registration of the claim.
2. Document Submission
Submit the necessary documents requested by the company to process the claim. In the case of natural death-
In the case of unnatural death (Accidental death/Murder/Suicide)-
3. Claim Settlement
After receiving all the documents and claim forms, the company will verify the details as per their norms. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over call or email.
No worries. The experts @PolicyX.com are always available to assist you.
Aegon Life Insurance Company, A-201, 2nd Floor, Leela Business Park, Andheri-Kurla Road Andheri-East Mumbai- 400059
customer.care@aegonlife.com
1800-209-9090 (Available from 9:00 am to 7:00 pm IST)
If you reside in a city where there are no existing branches of the company, you need 5 documents via courier to the Head Office. These are:
An Open Title claim can be registered in such cases. The Claimant has to submit a Succession Certificate, which is issued by a competent court. If the company has accepted the claim but is waiting for the issued proof, it has the authority to hold the money till the proof is submitted.
If you are around 30, you can work 30 years more. Your current annual salary is around Rs. 5 lakh, but you will get an increment every two years or so. Hence, you could look at a term insurance amount of Rs. 1 crore. Just keep the growing inflation rate in mind.
Yes. The average Indian woman lives longer than the average Indian man, therefore, the term life insurance premium for women is lower as compared to men of the same age.
If the premium remains unpaid for more than a month after the due date (that is the 'grace period'), the plan will lapse. In such a situation, your beneficiary will not receive anything from the term life insurance policy and will be considered as 'lapsed'.
If the insured dies during the plan tenure (before he/she can pay the premium), the due premium will be deducted from the death benefit.
Apart from insuring your family, term insurance plans offer various tax benefits. Under Section 80C of the Income Tax Act, you can claim a deduction of up to Rs 1.5 lakh on your policy premium. Even the amount that your loved ones get in your absence will be tax-free.
You can buy as many term insurance plans as you want to fulfil your insurance needs. You can even nominate different beneficiaries for both the insurance plans.
Yes, the insurer can reject a life insurance claim on grounds of-
No, once an Aegon term plan is purchased, the terms and premium amount cannot be changed.
Yes, the Aegon term plan covers death caused by the terrorist attacks. The policyholder's nominee or legal heir can claim the death benefit.
You can check the status of your Aegon Life Term Insurance policy by calling the toll-free number or sending an email to the company.
Customers who do not pay their premiums on time are given a 30-day grace period to do the same.
To change your sum assured, you need to submit a duly signed request to the company.
The ideal coverage for your Aegon Term plan will solely depend on your needs and requirements. Evaluate your responsibilities, liabilities and of course budget, and then choose your ideal plan coverage.
No, the policy covers hospitalization due to diagnosis of Covid-19 only for the 1st time.
All claims including death claims should be intimated as soon as possible. In case of any sort of delay in reporting the claim the reason for the same should be justified in writing by the claimant.
Read what our customers have to say about Aegon term insurance company
Yash Pratap Singh
Chennai
May 26, 2022
One of the best term insurance companies. I lost my wife to Covid. Glad that we had decided to buy Term Insurance from Aegon Life Insurance. After completing the formalities and documentation, ...
prem khanna
Jaipur
February 24, 2022
I am here to write my experience with aegon insurance company. I always got satisfactory support from the company and their customer care people. They are educated and polite.
Rashmi Chkrworty
Chennai
September 30, 2021
One of the best term insurance companies. I lost my husband to Covid. Glad that we had decided to buy Term Insurance from Aegon Life Insurance. After completing the formalities and documentatio...
Satendar Singh Sodhi
Nagpur
September 30, 2021
Aegon Life Insurance is a name that I would recommend to everyone. With so many plans available, it is definitely one of the best you can buy.
Sudhir Kumar Jha
Dehradun
September 20, 2021
Plans of Aegon have very very good features... and the companies customer support team is very polite and helpful,
Ramesh
Coimbatore
September 16, 2021
I bought my life insurance plan from Aegon after my uncle suggestion, and I am super satisfied with the plan
Sanjeev
Delhi
September 16, 2021
Bahut hi badhiya company hai, gazab ke plans hai, muje bahut ache lage. aage bhi sabko boluga lene ke liye.
yogesh malhotra
Pune
September 15, 2021
bahut acha customer support hai...kaafi achi tarah samjhaya plan aur meri har sawaal ka bht ache se jawab diya, I am impressed
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