Aegon Life Term Insurance Plan
Aegon Life Insurance is one of the insurance companies providing insurance products in India. It is offered by Aegon Life Term Insurance Plan. In this term plan you get all the features of a term plan.
In Aegon Life Term Insurance Plan, insurance benefits are provided to the nominee by the insured in case of accidental death of the insured during the policy term. Through this insurance benefit, the family members of the insured are able to meet their financial needs easily without any hindrance.
The most striking feature of Aegon Life term insurance plan is that it is available only online. You cannot buy it through offline medium. This plan gives you the option of enhancing the term plan coverage by adding a variety of riders along with providing longer coverage. You also get tax benefits in this term insurance plan.
Features Of Aegon Life Term Insurance Plan
Features of Aegon Life Term Insurance Plan are as follows-
- This term insurance plan is available to you only through online medium.
- It offers the coverage of a term insurance plan at a low cost.
- In this, you get many options to get the death benefit. You can choose to receive it as a lump sum or as monthly income.
- In this term insurance plan, you get coverage till the age of 80 years.
- In this, you also get the option of adding different types of riders.
- In this you also get tax exemption under the Income Tax Act.
Benefits Of Aegon Life Term Insurance Plan
The following are the benefits of Aegon Life Term Insurance Plan:
- Cost-Effective:
Aegon Life Term Insurance Plan is available to you at a very low premium. Through this, you can avail a term insurance plan even if you have a low income. You also get the option to pay the premiums as per your convenience.
- Death Benefit Option:
You get the option to receive the death benefit as per your convenience. You can choose to receive the death benefit as a lump sum payment or as a monthly income. You can also choose a combination of both. It depends on your wish which option you choose.
- Longer Coverage:
Through Aegon Life Term Insurance Plan, you can avail the benefit of term coverage for a longer period of time. In this, you get the option of getting term coverage till the age of 80 years.
- Riders:
In this, you get the option of adding different types of riders. Through these riders, you can get additional benefits by increasing your term coverage. In this, you get the option of adding riders like Critical Illness and Death Benefit Riders etc.
- Tax Benefits:
In this you get tax benefit as per the Income Tax Act. You can avail tax benefits on the premiums paid under section 80C of the Income Tax Act, 1961. Also you can get tax benefit on death benefit under section 10(10D) of the Income Tax Act, 1961.
Aegon Life Term Insurance Plan
Following are the term insurance plans offered by Aegon Life:
- Aegon Life Term Comfort
- This term insurance plan is available through online mode.
- In this, you get life cover till the age of 100 years.
- In this you get the option to add Accidental Death Benefit Rider and Critical Illness Rider. Under the Critical Illness Rider, you can get insurance benefits on the diagnosis of 36 critical illnesses.
- Under this plan, coverage under Kovid-19 is provided.
2. Aegon Life Saral Jeevan Bima
- This plan is available to you at a very affordable premium.
- In this, you get the policy term from 5 years to a maximum of 40 years.
- A minimum sum assured of ₹ 5 lakh and a maximum of ₹ 25 lakh is provided to the nominee by the insured as a death benefit.
- No maturity benefit is provided to you in this plan.
Aegon Life Term Insurance Plan Eligibility
Eligibility for Aegon Life Term Insurance Plan is as follows-
- The minimum age of the customer should be 18 years.
- The maximum age of the customer should be as per the policy.
- Medical examination will also have to be done.
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Documents Required For Aegon Life Term Insurance Plan
The documents required for Aegon Life Term Insurance Plan are as follows-
- filled application form
- Passport size color photo
- Proof of residence
- identity proof
- age proof
- Income ratio
Aegon Life Term Insurance Plan Premium
Aegon Life Term Insurance Plan offers you a variety of premium payment options. You can pay the premium for your term plan in the form of Single Premium, Limited Premium, Regular Premium Payment. You get the option of paying your premium monthly, half-yearly, annually and single pay in terms of premium payment frequency.
How To Buy Aegon Life Term Insurance Plan?
You can buy Aegon Life term insurance plan only through the online medium. It is not available through offline mode. To buy through online you have to visit the official website of Aegon Life. By visiting the official website, you have to go to the term insurance plan section. There you can choose your desired Aegon Life term insurance plan and buy the term plan in a few easy steps.