Aegon Life Insurance Company Limited (formerly Aegon Religare 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.
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Inbuilt Life Cover
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Traditional plans, also called Conventional Insurance Plans are plans where money is invested as per the guidelines laid down in the Insurance Act. The whereabouts of the invested premium is not known to the policyholder. The policyholder is simply promised certain benefits payable on death, maturity or as money back. Traditional Investment Plans have some of the basic features which are mentioned below:
Aegon Life Insurance Company offers various types of Traditional / Investment Plans to its customers with attractive features and benefits. Here is the detailed list of plans along with their respective features and benefits.
A traditional non-participating plan where premiums are required to be paid for the entire term of the plan. The features of the plan are as follows:
Eligibility Details
|
Minimum |
Maximum |
Entry Age |
12 years |
50 years |
Maturity Age |
- |
56 years |
Policy Term |
6 years |
|
Sum Assured |
10 times the annual premium |
|
Annual Premium Amount |
Rs.48, 000 |
Rs.2.5 lakhs |
Premium Payment Term |
Equal to policy term |
|
Premium Payment Frequency |
Yearly or monthly |
A traditional savings plan which does not earn bonuses and premiums under the plan is payable for a limited tenure. The features of the plan are as follows:
Eligibility Details
|
Minimum |
Maximum |
Entry Age |
8 years |
50 years |
Maturity Age |
- |
60 years |
Policy Term |
10 years |
|
Sum Assured |
10 times the annual premium |
|
Annual Premium Amount |
Rs.20, 000 |
Rs.3 lakhs |
Premium Payment Term |
8 years |
|
Premium Payment Frequency |
Yearly or monthly |
A traditional money back plan where benefits are paid periodically to provide liquidity. The features of the plan are as follows:
Eligibility Details
|
Minimum |
Maximum |
Entry Age |
7 years |
60 years |
Maturity Age |
- |
75 years |
Policy Term |
14, 17 or 21 years |
|
Sum Assured |
Rs.1 lakh |
No limit |
Annual Premium Amount |
Depends on the cover, age, term and PPT |
|
Premium Payment Term |
10, 12 or 15 years |
|
Premium Payment Frequency |
Yearly, half-yearly or monthly |
An Endowment plan which participates in the profits of the company through bonuses. The features of the plan are as follows:
Eligibility Details
|
Minimum |
Maximum |
Entry Age |
18 years |
55 years |
Maturity Age |
- |
60 years |
Policy Term |
10 years |
|
Sum Assured |
10 times the annual premium |
|
Annual Premium Amount |
Regular Pay and Limited Pay – Rs.20, 000 Single Pay – Rs.1 lakh |
Rs.3 lakhs |
Premium Payment Term |
8 years |
|
Premium Payment Frequency |
Yearly, half-yearly or monthly |
A traditional plan which participates in the profits of the company through earning bonuses. The features of the plan are as follows:
Eligibility Details
|
Minimum |
Maximum |
Entry Age |
8 years |
50 years |
Maturity Age |
- |
70 years |
Policy Term |
10, 15 or 20 years |
|
Sum Assured |
Depends on the premium, term and age |
|
Monthly Premium Amount |
Rs.500 |
Rs.3000 |
Premium Payment Term |
10, 12 or 15 years |
|
Premium Payment Frequency |
Yearly, half-yearly or monthly |
A traditional pension plan which promises 7.5% of the Sum Assured payable every year till the annuitant attains the age of 85 years thus providing guaranteed payouts after retirement.
A traditional child plan which is designed to take care of the child’s future by creating and maintaining funds for the child even in the absence of the parent.
The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued
Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.
There is also an option of paying via cash or cheque personally in any of the branch offices in your city. IVR method of payment is possible where one needs to keep in handy the credit card information along with date of birth.
For online log into the website with your Customer ID and password to check the policy status.
For offline mode, you can approach any of the branch office to drop your cheque.
E settlement facility via NEFT mode option is also available with us.
For new policyholders, a grace period of about 15 days is given, wherein you have the option of cancelling the policy and receiving back the premium.
In either case the Unit price is calculated as per the current market value of NAV if the documents are submitted before 3:00 PM, else the next day’s NAV value is applied to calculate the refund.