Pension plans are plans that promise to provide a financially secure life to a person post-retirement. Aegon Life Insta Pension Plan is one such annuity plan that offers a lifetime pension to take care of individuals and their spouses' basic needs to lead the same kind of lifestyle even when the regular income dries up.Read more
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
The actual amount that the policyholder will receive under the Aegon Life Insta Pension policy is based on the applicable annuity at the time of the policy purchase. The policyholder is free to choose the mode – Annual or monthly - in which he or she would like to receive their pension amount.
|Premium Paying Term||Single premium|
|Entry Age||Individual – 50 to 85 years Spouse – 50 to 85 years|
|Annuity payout mode||Monthly and yearly|
|Grace period||15 days|
|Sum assured||Rs 1 Lakh – No limit|
|Liquidity||A loan cannot be availed against the policy|
*Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer
Aegon Life Insta Pension Plan offers a wide range of benefits to policyholders. Some of them are mentioned below:
Aegon Life Insta Pension Plan reviews show that the plan offers a lifetime income based upon the annuity pay option.
The Aegon Life Insta Pension Plan premium has to be paid only through a single payment option. The minimum premium amount for this plan is Rs 1 lakh; however, there is no cap on the maximum premium amount payable.
The policyholder can use the Aegon Life Insta Pension Plan calculator available on the insurance provider’s website to know about the premium amount that he or she has to pay.
No additional riders are available with Aegon Life Insta Pension Plan.
The online Aegon Life Insta Pension Plan version is not available. An individual has to download the application form online; after duly filling it up, he or she will have to visit the insurance provider's branch to submit it along with all the relevant documents.
However, the policyholder will have to keep the following points in mind before deciding on purchasing the policy.
Under the Aegon Life Insta Pension policy, a claim cannot be made if the policyholder (sane or insane) commits suicide.
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