Endowment policies are a type of life insurance contract that is meant to pay a lump sum amount after a particular period or on the death of the life assured. Aegon Life Jeevan Riddhi Insurance is a non-linked participating endowment policy that is offered by Aegon Life Insurance. This policy is meant for people searching for a savings plus protection plan that can provide a bit of an extra boost to their savings. The insured individuals can avail of 5% guaranteed additions on the sum assured amount during their premium payment term for Aegon Life Jeevan Riddhi Insurance Plan. This risk management solution also provides financial protection to the family of the life assured, in the scenario of his/her unfortunate demise.Read more
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD+
Limited pay plans: 12years to 20 years
Single pay plans: 10 years
Premium Paying Term
Single pay / (policy term - 5) years
Premium Paying Mode
Monthly, Semiannually and annually
Min – 18 years last birthday
30 Days (15 Days For Monthly Mode)
Depends on the age of the life assured, the premium payment term and the annualized premium sum
Loans are available after the plan has acquired a surrender value.
Below are the core benefits offered by Aegon Life Jeevan Riddhi Insurance Policy:
* Tax benefit is subject to changes in tax laws
The Aegon Life Jeevan Riddhi Insurance premium can be paid as either a single payment option or a limited pay option.
The minimum premium payment amount for the single pay option would be *Rs. 1, 00,000, while the maximum amount shall be subject to underwriting.
For the limited pay option, the minimum premium amount would be:
*Standard T&C Apply
People can use the Aegon Life Jeevan Riddhi Insurance calculator available online to get an idea about the premium sum to be paid.
Aegon Life Premium Shield Rider can be brought along with Aegon Life Jeevan Riddhi Insurance. This rider offers a waiver of premium sum on disability or death due to sickness or accident, loss of eyesight in both eyes and a single eye, hearing in both ears and loss of speech.
To buy Aegon Life Jeevan Riddhi Insurance policy, people have to provide:
One cannot buy Aegon Life Jeevan Riddhi Insurance online, as it is an office plan. To purchase this plan, people have to:
Step 1: Visit Policybazaar.com or contact their Life Advisor
Step 2: Select the premium sum and policy term
Step 3: Fill in the application form with the assistance of Policybazaar life advisor
Step 4: Make the payment
Aegon Life Jeevan Riddhi Insurance reviews suggest that it is quite a comprehensive plan; it does have suicide exclusion.
If the life assured dies by suicide within a year of the plan in force or from the date of revival of the plan, 80% of the premium amount or the surrender value applicable, is paid as a death benefit.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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