AEGON Life Insurance

4.3 / 5 based on 151 User Reviews
Claim Settlement Ratio - 95.31%*
*Data according to IRDA Annual Report (2015-16)
*Please note that the quotes shown will be from our partners

Aegon Life Insurance Company Limited launched its operations in India in July, 2008 and since then has emerged as a strong player in the insurance industry. Aegon is one of the world’s leading providers of financial services. Currently, the company enjoys a good market share and has launched different types of life insurance products for meeting all the varied needs of individuals at attractive premium rates.

Insurance Plans

Aegon Life Insurance Company has a variety of insurance plans in its kitty for its customers who can choose any plan according to their needs and requirements. The plans provide the features of protection, savings, wealth appreciation, security of child’s future and retirement planning. The features of each plan are unique and the premium rate is also competitive making the competition at par with other insurance companies in the market. The types of plans that the company offers are:

  • Term Insurance
  • Health Insurance
  • ULIPs
  • Saving Plan
  • Retirement Plan
  • Child Plan
  • Rural Plan
  • Group Insurance Plans

Here are all the different types of insurance plans offered by Aegon Life.

Aegon Life Insurance Plans - Eligibility Criteria's

Aegon Life Insurance Plan

Plan Type

Entry Age

Maturity Age

Sum Assured

Policy Term

Aegon Life iTerm Insurance Plans-

Term Insurance

18/65 years

75 years

Rs 10,00,000

5/40 years

Aegon Life Easy Protect Insurance Plans

Term Insurance

20/50 years

60 years

Rs 12,00,000

10 years

Aegon Life Term Insurance Plans

Term Insurance

20/65 years

75 years

Rs 10,00,000

10/15/20/25/30/35/40 and 75 years

Aegon Life iReturn Insurance Plan

Term Insurance

18/65 years

75 years

Rs 30,00,000

5/10/15/20 years

Aegon Life iIncome Insurance Plan

Term Insurance

25/50 years

60 years

Monthly Income Plan

60 years

Aegon Life iSpouse Insurance Plan

Term Insurance

21/60 years

65 years

Rs 25,00,000

5/65 years

Aegon Life iMaximize Insurance Plan

ULIP

7/55 years

70 years

10 x Annualised Premium

15/20/25/ years

Aegon Life Future Protect Insurance Plan

ULIP

7/50 years

65 years

Age < 45 years (10 x Annualised Premium)

10/20//25/30/35 years

Age >= 45 years (7 x Annualised Premium)

Aegon Life Rising Star Insurance Plan

ULIP

18/48 years

65 years

Age < 45 10 x Annualised Premium

25 years

Aegon Life Future Protect Plus Insurance Plan

ULIP

7/50 years

70 years

Age < 10 x Annualised Premium

15/20/25 years

Aegon Life iMaximise Single Premium Insurance Plan

ULIP

8/60 years

65 years

125 % of Single Premium Amount

10 years

Aegon Life Regular Money Back Insurance Plan

Savings Plan

55 years (Max)

75 years

 

20 years

Aegon Life iGuarantee Insurance Plan

Savings Plan

12/50 years

56 years

 10 x Annualised Premium

6 years

Aegon Life Jeevan Shanti Insurance Plan

Savings Plan

8/50 years

Last Birthday

Based on Age of Insured

10 years

Aegon Life Guaranteed Growth Insurance Plan

Savings Plan

8/50 years

60 years

10 x Annualised Premium

10 years

Aegon Life Group Term Plan

Group Insurance

18/59 years

60 years

Rs 5,000

1 year (renewable)

Aegon Life Group Leave Encashment Plan

Group Insurance

18/74 years

75 years

Rs 1,000

1 year (renewable)

Aegon Life Group Gratuity Plan

Group Insurance

18/74 years

75 years

Rs 1,000

1 year (renewable)

Aegon Life Group Credit Life Plan

Group Insurance

18/55 years

65 years

Rs 50,000

24 months (Single)

60 months (Regular)

90 months (Limited)

 

Term Insurance

A pure risk plan which provides benefits only if the insured dies during the chosen term of the plan. Term plans are very helpful for income protection need because by providing a high coverage at lower amount of premiums, the plans enable a policyholder to build a considerable emergency fund for the family in case he suffers premature death. The type of term plans offered by the company include:

Aegon Life iTerm Insurance Plans- This plan protects the family of the insurer at the time of his death at just a fraction of cost. The following are the features of this plan.

  •   Cover amounting to Rs. 1 crore offered
  • Payable premium is Rs. 8,100 p.a.
  • Applicable to a male of 25 years of age.
  • The insurer should be a non-smoker
  • The cover if for a term of 2o years.
  • The only term plan with terminal illness advantage
  • Covers deaths in any form including attack by terrorists.

Aegon Life Easy Protect Insurance Plans- This type of plan helps the nominee to lead the same lifestyle even in the absence of the policy-holder. It ensures that the family gets assured monthly income in case of the death of the insurer. The following are the features of this plan:

  • After the claim is accepted, the nominee gets an assured monthly amount of Rs. 10,000.
  • This amount is offered for a period of 10 years.
  • This plan does not include any medicals.
  • Tax deduction benefits can be availed in this plan as per the tax law.

Aegon Life Term Insurance Plans- This plan helps the nominee after the death of the insurer in a lot of ways. They provide life cover to the family of the deceased and also offers monthly payouts that acts as income benefits. The following are the features of this plan:

  • It offers the advantage of 2 deaths.
  • It ensures regular monthly payouts in case of death benefit 2.
  • The monthly payouts are offered for a period of 5 years.
  • The monthly payout amounts to 3% of the cover amount.
  • Benefit of inbuilt accidental death.
  • Cover is offered up to the age of 75 years.
  • Tax benefits can be availed as per the tax laws.

Aegon Life iReturn Insurance Plans- This plan only aims at offering protection in the form of cover and also the return of the premiums. The following are the features of this plan:

  • It can be purchased online.
  • Does not require any sort of paperwork.
  • It is for people who are the sole earning member of the family with various financial burdens and those who have dependents.
  • In case of death of the insurer, the cover amount is payable to the nominee.
  • The premiums paid are returned to the insurer at the end of the policy term if the policy-holder survives.
  • Multiple riders can be chosen.
  • Tax benefits can be availed as per the tax law.

Aegon Life iIncome Insurance Plans- It is an online plan that ensures that the nominee gets continued payouts in case of the death of the insurer. The following are the features of this plan:

  • It is an online plan.
  • At the time of death, a lump sum amount is paid to the nominee.
  • Monthly payouts offered up to the age of 60 years or 5 years whichever is later.
  • It covers both death and disability of the insurer.
  • Premium is waivered in the course of disability or critical illness.
  • No paperwork required.
  • Tax benefits can be availed as per the tax law.

Aegon Life iSpouse Insurance Plans-

  • It can be bought online.
  • No paperwork required.
  • It is for working couple with financial liabilities.
  • Both husband and wife can be covered under a single plan.
  • Instant lump sum payment offered at the time of death.
  • Regular monthly payouts up to 60 months.
  • Inbuilt terminal illness benefit.
  • Extra amount paid in case of accidental death.
  • Tax benefits can be availed as per the tax law.

Health Insurance     

Health insurance plans offered by the company help in taking care of the medical expenses which the policyholder or his family might face in the event of any contingency requiring hospitalization. The different types of Health Insurance plans offered by Aegon Life are as follows:

Aegon Life iCancer Insurance Plans- This plan safeguards the insurer as well as his family against medical expenditure that might arise with the incidence of Cancer. It involves all sorts of cancer excluding only skin cancer. The following are the features of this plan:

  • All cancer forms included with an exception of skin cancer.
  • Financial pay-outs provided on all stages of cancer.
  • It can be bought online.
  • No paperwork required.
  • Claim can be made on multiple cancers.
  • After major stage, no payment of premium is required.
  • Tax benefits can be availed as per the tax law.

ULIPs

ULIPs provide options of funds that depend on how much risk the policy-holder can sustain. It provides double benefit of life cover as well as investments that are connected to the markets. It does not involve any allocation charges and the returns on maturity are also tax-free. The different types of ULIPs are as follows:

  • Future Protect Plus Insurance Plan- This plan offers life cover to the nominee. In case of death, cover amount is enjoyed by the nominee and in case of survival, a lump sum amount is payable to the insurer. This plan has an option of the protection of investment and the funds are balanced automatically. Tax benefits can also be enjoyed.
  • Rising Star Insurance- This plan makes sure that the future of the children of the insurer are secured. In case of death, cover amount is enjoyed by the nominee and in case of survival, a lump sum amount is payable to the insurer. The funds are balanced automatically and also have an option of partial with-drawl of funds. Tax benefits can also be availed to.
  • Future Protect Insurance Plan- This plan provides amount gain option in case of market inflation. In case of death, cover amount is enjoyed by the nominee and in case of survival, a lump sum amount is payable to the insurer. The funds are balanced automatically and also have an option of partial with-drawl of funds. Tax benefits can also be availed to.
  • Aegon Life iMaximise Single Premium Insurance Plan- This plan helps the insurer to reap the advantages of investment maximisation. It does not involve any premium allocation charges and can be bought online. It offers a choice of 3 investment funds with premium payable only once. Tax benefits can also be availed and also involves partial with-drawl facility.

Savings Plan

These plans are not linked to the market. They offer coverage on life and assured returns. The different types of savings plan are as follows:

  • Aegon Life Flexi Money Back Advantage Insurance Plan- This plan helps the policy-holder to get back the money that was invested by him at regular intervals of time..
  • Aegon Life Guaranteed Growth Insurance Plan-It is a type of life insurance plan that offers an assured return of 150% on the premiums that are paid annually.
  • Aegon Life iGuarantee Insurance Plan- This plan is a type of investment plan that offers assured returns on the investments.
  • Aegon Life Premier Endowment Insurance Plan- This plan is a type of protection plan that gives extra benefits on the savings of the policy-holder
  • Aegon Life Jeevan Shanti Insurance Plan- This plan helps the insurer to save some amount of money on a regular basis and also offers coverage on the life. 
  • Aegon Life Jeevan Shanti Insurance Plan-This plan helps the insurer to save some amount of money on a regular basis and also offers coverage on the life.

Retirement Insurance Plans

Retirement plans take care of the retirement funding of the individual by providing him a regular flow of income post retirement in the form of annuity payouts. These plans are also called pension plans and Aegon Life offers one type of pension plan which is:

  • Aegon Life Guaranteed Income Advantage Insurance Plan- It is a type of savings plan that assures guaranteed return of 7.5% of the sum assured till the insurer attains the age of 85 years. Again tax benefits can also be availed as per the tax law.

Pension Plans

Retirement Plans are also called Pension Plans. It assures the policy-holder a guaranteed income of 7.5% of the money assured till the insurer becomes 85 years old. It helps the policy-holder to live a tension-free life even after their retirement. The retirement plan offered by Aegon Life is:

  • Aegon Life Guaranteed Income Advantage Insurance Plan- It is a type of savings plan that assures guaranteed return of 7.5% of the sum assured till the insurer attains the age of 85 years. Again tax benefits can also be availed as per the tax law.

Child Plans

Child plans offered by Aegon Life help the children of the insurer by savings money for their future. The different types of child plans are as follows:

  • Aegon Life EduCare Advantage Insurance Plan- This plan helps the insurer by securing their child’s future against many educational expenses. It offers the insurer the lump sum amount at the end of the last four policy years in order to settle the recurring college fees. The premium payment term is also limited and tax benefits can also be availed as per the tax law.
  • Aegon Life Rising Star Insurance Plan-It undertakes the task of securing the future of the insurer’s child against any uncertain circumstance that might arise in the future. It offers higher cover amounts, waiver of premiums and the payment of fund value to the nominee at the time of the insurer’s death. The funds are balanced automatically and also have an option of partial with-drawl of funds. Tax benefits can also be availed to.

Rural Plans

Rural plans as mandated by law are designed to provide insurance coverage to the rural population of the country at low rates of premiums. The company offers the following type of rural plan:

  • Rural Term Insurance Plan- It is a special plan that involves only a single payment of the premium for the term of 5 years. In case of death of the insurer, the sum assured is provided to the nominee and no benefit can be enjoyed by the insurer on survival. On death the policy terminates and tax benefits are also available under the plan.

Group Insurance Plans

Group Insurance plans are special plans which provide coverage to a group of people registered under a common group. The plans under the Group Insurance category offered by the company are:

  • Aegon Life Group Gratuity Plan- This plan offers death benefit option to the insurer with an added advantage of more than one investment options.
  • Aegon Life Group Leave Encashment Plan-the plan offers employees working in an organization the benefit of leave encashment and comes as a unknit linked plan.
  • Aegon Life Group Credit Life Plan- This plan offers a group of members the cover for life as well as sufficient cover for the outstanding loan at a really affordable price.
  • Aegon Life Group Term Plan- This plan offered life insurance to the employees. In case of his death, the sum assured id provided to the nominee.

Aegon Life Insurance - Latest News

Aegon Life insurance looking deep into business

Aegon Religare Life Insurance Company, the private player is renamed as Aegon Life Insurance Company Ltd. The administration group of the organization will stay unaltered and will stay focused on each of its clients, employees and affiliates with focus on customer service though digitisation. Aegon Life Insurance Company believes, every current policyholder will keep on maintaining the advantages with no adjustment in the terms and conditions of the policy issued by Aegon Religare Life Insurance Company Ltd.

Aegon Life Insurance Co Ltd is confident of winning breakeven financial year by 2018. The chief Distribution Officer, Amit Kumar Roy believes that they are on course to accomplish a no profit no loss record by 2018 and turn out to be tremendously profitable by 2020. This Netherlands based Aegon had before the end of last year trekked its shareholding in the life insurance providers from 26% to 49%. Also in a recent discussion with a leading newspaper Mr. Roy states that they have no plans yet to discontinue their direct sales over phone calls as it increased their customer grievances and the distrust of selling products by misleading.

AEGON Life Insurance Reviews

TOTAL REVIEWS (151)
Ayush
Firozpur
October 14, 2016

Jasmit Kukreja

Ulip insurance policy of my family has nice services and very beneficial. Policy coverage is good ~89% and the claiming procedure is simple, online services makes more easy and reduces the paperwork, documentations. Online portal helps to renew the insurance policy by few clicks.

Neil
Kashipur
October 14, 2016

Superb Plan

Pension insurance plan from aegon life insurance for my parents in low budget. The premium of the insurance policy is less and the return after the policy get matured is a big amount. Service facilitate by the team of the insurance company is quick and always on time.

Harish
Ghaziabad
October 14, 2016

Future Security Policy

The aegon life insurance provides me the child insurance plan in very low premiums. The insurance policy facilitates me the best services which is given by the executives and staff members of the company. Investment is less but the return is very high.

Neeraj
Dangar
September 23, 2016

Wonderful

Aegon life insurance is the top most insurance company. I took the ulip insurance policy through them in low premiums and the coverage is high as compared to premium. Service is perfect given by the team of the company. The online renewal option is the best service and the many updates can be checked on the website.

Harshita
Alwar
September 23, 2016

High coverage

My traditional insurance policy is very good, it comes in less investment and the coverage is 89%. Claiming is high with good amount of return. Service provided by the company members is fantastic, executives and staff members works 27X4.

Prabhjot
Hyderabad
September 23, 2016

Aegon Insurance Policy

After long search, finally got the policy of my choice through aegon life insurance company ltd. Premium is less and the coverage is pretty much high as compare to investment. Claiming process is easy as it done without paperwork through online services.

Abhishek
Fatehpur
September 23, 2016

Pension Insurance Policy

I got my future secured with aegon life insurance. I purchased pension insurance policy, investment is less and returns are high after maturation of insurance policy. Coverage is maximum and claims are simple to sanctioned by the help of executives of the company.

Deepanishi
Athagarh
August 24, 2016

High Paybacks

I have bought ulip insurance policy, it has great service and the online renewals is the best. The fast service reduces paperwork and long waiting. The behaviour of the company staff is very well. Policy coverage and claims are pretty good. The update mails are send to me regularly.

Samit
Khajuria
August 24, 2016

Give It A Try

My traditional insurance plan is very good. The service is on time always and investment is less. Great deal by you aegon life insurance. Policy covers maximum expenditures in all cases. Claiming become more easy because of fast service given by the executives and staff members of the company.

Rohit
Noida
August 24, 2016

Aegon Insurance

Aegon life insurance is the best insurer, i buy the pension insurance policy from them. Premium is less and coverage is high. Service you provided is fabulous guys. Claims are easily sanctioned and the amount is big. Updates are also mailed to my email address.

Vikram
Kadipur
August 04, 2016

Term plan

The term insurance policy i buy from aegon life insurance is fantastic and it has very good terms and conditions. The policy plan has less premiums and the claims are easy to get by clicking few buttons using website of the company which is very simple to operate. The online renewals is also possible.

Ashok
Fakirpur
August 04, 2016

Quality Product

The future on mine and my family is secure with aegon life pension insurance plan. The service is fast and the refund are very much amazing. Claiming process is never this easy, all because of good follow ups and on time service given by the staff group of the insurance company.

Lokender
Manesar
August 04, 2016

Aegon Insurance

My child insurance policy is very good decision i have taken for him. The policy i purchased from aegon life insurance is the best plan, it has low premium as well as high returns. The service you provide is perfect and easy renewals from online portal website. I'm satisfied with you.

Bhupesh
Narasapur
August 04, 2016

Child Plan

Aegon child insurance plan i have which has maximum benefits and great service given by the executives of the insurance company. The claims are high and simple to sanction the amount. Good future savings and it reduces the tax.

Pramond
Wazirganj
August 02, 2016

ULIP Policy

Service provided by the aegon is superb and on time too. I purchase ulip insurance plan and its really very awesome with full coverage. The claiming become very simple due to internet service and the renewals are simple to do by online portal service.

Rohit
Thane
August 02, 2016

Traditional Policy

My investment insurance policy is very cool and the service is also fantastic. Policy updates and renewals are easy to do with online portal and everybody can access it easily. Policy coverage and claims are high.

Chirag
Kurukshetra
August 02, 2016

Retirement plan

After long search i found good policy i.e., aegon pension plan in low investment but at the retirement it gives huge returns. Perfect insurance plan for future life. Coverage is high, claims are easily cleared and service is all time favourite because of good behaviour from the company staff.

Tanmay
Miraj
August 02, 2016

Satisfactory Policy

Good child insurance policy purchased by aegon life insurance. The policy covers maximum expenditure and premium of the plan is also low. Claiming is simple and no paper work for renewals because it done on online portal.

Lokesh
Nasik
July 15, 2016

ULIP Plan

My ulip plan is very nice which i buy from aegon life insurance. Policy coverage is good and the claims are easy to cleared because of fast service facilitate by the staff of the company. Premium is less and the renewal of the plan is easy through online service.

Mankaran
Bikaner
July 15, 2016

Investment plan

The traditional plan of mine is very good and aegon life insurance provided the best services in low investments. The policy coverage is high and the claims are even better. The online portal is easy to access and it makes renewals and updates of the policy.

Nirmal
Nawada
July 15, 2016

Good

My pension plan is very good which i buy from aegon life insurance. Premium is less and the returns are high. Service is good and the documentation is hassle free. Policy coverage is approx. 89% and claims are high. Good plan and investment for future security.

Jyoti
Kalyan
July 15, 2016

Child Insurance

I purchase child plan from aegon life insurance. The policy is very good with low investments and premiums are also less. Policy coverage is high and claims are even better. Service provided by the company is fantastic and the documentation is very easy.

Himmat
Jetpur
July 04, 2016

My plan

Ulip insurance plan of mine is awesome with great benefits during and after the policy. The premium is low and policy cover's most of the cases. Claiming is easy due to quick service given by the staff. Internet service is simple, so easy renewals and other updates too.

Varun
Dariyapur
July 04, 2016

Nice Insurance Plan

My traditional insurance plan is very good with some nice benefits. Premium is low and returns are high. The sum assured amount is big which will sanctioned after policy get matured. Claims are easy to claim and clearing process is simple.

Manveer
Khalilabad
July 04, 2016

Nice Pension Plan

I bought pension plan which reduces my lot of tension for my future. The investment is less but the returns are high. Hassle free documentations and paperwork due to fantastic service given by the staff members. Policy coverage is high approx. 89% and premiums are less.