Aegon Life Pension Plan Calculator

One of the popular products from AEGON Life is pension plans that are offered with multiple benefits like annuity payments, rider benefits, and other bonuses. These pension plans help one safeguard and stabilize their retirement years with regular earnings in the form of an annuity.

Read more
Best Pension Options
  • Get Tax Free Pension For Life

  • Flexibility to withdraw fund value any time

  • Guaranteed Tax Savings

    Under Sec 80 C & 10(10D)

*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
Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000
Get the best returns & make the most of your Golden years
+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

These plans also come with an online calculator to determine premiums and coverage.

Why Should You Use Aegon Life Pension Plan Calculator?

The economic conditions, monetary requirement, liabilities etc., will not remain the same after one retires. All these factors also affect financial health for the years of no income. 

In general, it is not easy to calculate the savings required after one retires no matter how much calculation is done. To make things easier, the Aegon life pension plan calculator uses multiple essential information like monthly expenses, savings, age, salary, dependants, gender, etc. This will help in choosing the right pension plan for them. 

How To Use Aegon Life Pension Plan Calculator?

Using the Aegon life pension plan calculator is easy and hassle-free. Follow these steps to get the savings and investment for retirement calculated in an instant: 

  • Go to the official website of Aegon life.
  • Go to the calculator page and select the retirement planner calculator.
  • Now fill in the details like gender, annual earnings, expense, current age and retirement age. 
  • Click on the calculator to get the estimates. 

Advantages of Aegon Life Pension Plan Calculator

When it comes to pension plans, many tend to think that they can determine the savings and investment amount on their own. It is a misconception in most parts. That is why using the Aegon life pension plan calculator is the best option for most.

Following are the things one must remember:

  • Estimate savings: one of the most crucial things is to get an idea about how much to save to have a financially peaceful retirement phase. The calculator helps in estimating the pension that will be required during the retirement plan. 
  • Estimate investment: next, after knowing how much one will need during the retirement years, it is time to learn how much to invest in getting equivalent returns after retirement. Aegon life pension Plan calculator will help in estimating the investment amount as well for the required savings. 

Documents Required

Aegon Life Pension Plan calculator is an easy way to calculate the sum assured one should choose for retirement. 

Here is information that one will have to enter while using the calculator to get an estimate: 

  • Name 
  • Mobile number
  • Current age and the retirement age of the insured
  • Gender
  • Email ID
  • Current annual expense
  • Rate of inflation
  • Working phase: rate of return
  • Retirement phase: rate of growth on investment 

Benefits of Aegon Life Pension Plan

Aegon life pension plan comes with several features and benefits that help attain financial freedom and stability after retirement. This is a limited payment plan in which the premium is to be paid for a limited period and not until the plan's maturity. 

Here are some benefits of the Aegon life pension Plan:

  • Bonus and discounts: the pension plan allows the insured to get part of the company earned benefits as bonuses. Aegon announces the bonus earnings in regular intervals. In Aegon Life Pension Plan, the bonuses accumulated during the premium paying term of the plan are given after the payment term ends. The bonuses accumulated after the premium is paid fully are given at maturity or with the death benefits.
  • Regular payments: the Aegon life pension Plan attains maturity when the insured reaches 85 years. The premium payment stops after a certain period, and one can get regular payments until the age of 85. The regular benefit included 7.5 per cent of the sum assured paid every year. One can calculate the earnings using the Aegon life pension Plan calculator.
  • Death benefits: In the death of the plan holder during the premium payment period, the death benefit is paid to the nominee. The death benefit will include the sum assured and other bonuses. The total amount paid will be 10 times or higher than the premium paid annually to date. If the plan holder's death after the premiums are paid, the sum assured is paid.
  • Rider benefit: under the Aegon life pension Plan, there is an additional rider to add to their pension plan. The ADDED rider is an accident and disability covering rider. The plan holder will get additional bonuses in case of an accident causing disability or dismemberment.
  • Tax benefit: one can get tax benefits on both maturity benefits or claim and premium paid during the premium payment term. The maturity benefit or claim is exempted from tax under section 10(10D) and the premium is exempted under section 80 C of the Income Tax Act. 

Aegon Life Pension Plan Premium Rates

Aegon Life Pension Plan is a plan that allows the holder to pay the entire premium or the buying price of the policy in the beginning. However, under the limited premium feature, one can choose the limited premium payment term to be paid annually, monthly, half-yearly or quarterly. 

The purchase of the plan differs based on the chosen annuity type. The person can choose either life annuity or joint-life annuity. The minimum purchase price of the life annuity plan is Rs. 2, 28,829, and of the joint-life annuity is Rs. 2, 28,519. The return rate of the annuity is 100 percent. One can get better estimates using the Aegon life pension plan calculator. The minimum annuity paid is:

  • Yearly: 12,000/-
  • Half-yearly: 6,000/- 
  • Quarterly: 3,000/-
  • Monthly: 1,000/-

There is no maximum limit on the annuity. The annuity payments are paid after the modal duration is in the form of arrears.

FAQ's

  • Q1. Can I check the Aegon life pension Plan status?

    A1: Yes, one can easily check the status of the plan by going to the official website and log in using ID and the password given. One can also check the status through SMS.
  • Q2. How to surrender the Aegon life pension Plan?

    A2: One can surrender the plan within the given grace period of 15 days after buying the plan. During this time, one can submit the plan documents and the surrender form at the branch or online. Within one month, the plan will be cancelled, and the premium will be refunded.
  • Q3. How to pay the premium of the pension plan?

    A3: One can pay the premium either offline or online. One can pay using methods like debit/credit cards, ABPP, ECS or internet banking. For paying offline, one can reach the branch and pay in cash or cheque. For those paying online, one will have to log in using the customer ID and password. 

 

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

“Tax benefit is subject to changes in tax laws. Standard T&C apply.”

Pension Plan 1
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Pension Plan 2
Average Rating
(Based on 29 Reviews)
Pension Plan 3
Lic Pension Plan 4

Pension plans articles

Recent Articles
Popular Articles
How to Get a 50K Pension Per Month?

15 Jun 2022

Retirement planning should form an essential part of your...
Read more
NPS Premature Withdrawal

15 Jun 2022

The National Pension Scheme is the Central Government’s social...
Read more
Get 30K Pension Per Month

15 Jun 2022

Planning retirement is extremely important and crucial these...
Read more
Atal Pension Yojana Premium Chart

08 Jun 2022

Atal Pension Yojana (APY) is a government of India initiative to...
Read more
Monthly Pension Scheme for Senior Citizens

02 Jun 2022

Retirement planning is paramount to creating a constant source...
Read more
National Pension Scheme (NPS) – Govt Approved Pension Scheme
National Pension Scheme (NPS) is an investment cum pension plan launched by the Indian Government. This scheme is...
Read more
NPS Calculator - National Pension Scheme Calculator Online
National Pension Scheme Calculator is an online tool, which allows the individual to calculate the estimated...
Read more
Saral Pension Yojana
In India, there are various individual immediate annuity products offered by life insurance companies. These...
Read more
Post Office NPS Calculator 2022
National Pension System is a scheme launched by the Government of India that offers stability to all Indian...
Read more
Top Pension Plans in India
Pension plans are one of the most sought-after investment options that have gained huge popularity over the...
Read more

Aegon Life Pension Plan Calculator Reviews & Ratings

4.3 / 5 (Based on 29 Reviews)
(Showing Newest 10 reviews)
Saurabh
Delhi, March 01, 2018
Good Service
Bought Pension plan few days back so far policybazaar is offering best services wish them best of luck
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.
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.
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.
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.
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.
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.
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.
Gagan
Kaushambi, June 27, 2016
Good Policy
The pension plan I have is good future investment which secure my future. The policy has less investment and the premium is low. Service is good which make's claiming part easier. Policy coverage is excellent which has accidental death benefits, health emergency, etc. Updates of the policy is mailed regularly.
Astha
Navi_mumbai, May 06, 2016
Service Is Bit Slow
Policy coverage is 92%, claims are 39 K per month after policy get mature. Premium is 15 K quarterly per years. Service is bit slow. Aegon life pension plan is good. The policy is nice future investment and tax saver also. Claims are high and coverage too.
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL