AEGON Life Guaranteed Income Advantage Insurance Plan

Aegon Life Guaranteed Income Advantage Insurance plan is a traditional insurance plan which provides guaranteed life cover till 85 years of age to provide for a comfortable life even after retirement.

Best Investment Plans
  • Save Upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD+

Buy Online & Get upto 4% extra#
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
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
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

Key Features of Aegon Life Guaranted Income Advantage Insurance

  • As a participating plan, Aegon Life Guaranteed Income Advantage Insurance takes part in the profits of the company and offers guaranteed bonuses at the end of the policy term.
  • Once the policy term ends, the policyholder receives guaranteed annual payouts up to the age of 85 years.
  • Bonuses declared during the premium paying term are to be paid at maturity or on the death of the policyholder. 

Benefits of Aegon Life Guaranted Income Advantage Insurance

  • Guaranteed benefit @ 7.5% of the Sum Assured is paid every year, after maturity, till the policyholder attains 85 years of age.
  • On Maturity, when the policyholder attains 85 years of age, accrued bonuses including Terminal Bonus, if any, are paid out.
  • On the demise of the insured during the policy tenure, higher of the sum assured or 10 times the annual premium, along with the bonuses accrued before or after the completion of Premium Paying Term are paid out to the beneficiary.
  • The plan offers income tax benefit under which the premium paid  and the claim received is exempt from income tax deduction as per section 80C and section 10(10D)of Income Tax Act.

Product Specification of Aegon Life Guaranted Income Advantage Insurance

 

Minimum

Maximum

Age of Entry (Last Birthday)

20 years

55 years

Age of Maturity (Last Birthday)

-

85 years

Tenure of Policy (PT) in years

85 – entry age

Tenure for Premium Payment (PPT) in years

15 or 20

Premium Paying Mode

Annual, half-yearly, monthly

Premium

Depends on age, SA, term and PPT

Sum Assured

100,000

No limit

People also read: best retirement plan

Details About Premium

Benefits illustration and Annual premium in Rupees 

 

SA = 100,000

SA = 250,000

SA = 500,000

Term / Age

15 yrs.

20 yrs.

15 yrs.

20 yrs.

15 yrs.

20 yrs.

30 yrs.

15,174

10,522

33,113

21,808

60,075

38,130

40 yrs.

13,690

9339

30,010

18,878

54,585

32,745

50 yrs.

11,957

7911

25,910

16,800

46,230

26,200

Policy Details of Aegon Life Guaranted Income Advantage Insurance

  • Grace Period: In case of the policyholder fails to pay the premium on time, a grace period of 15 days (for monthly mode) and 30 days (for other modes) are allowed by the insurance company. During this grace period, the insured has to pay all due premiums. Failing this, the tenure of the policy will lapse
  • Policy Termination or Surrender Benefit: The policy acquires a Surrender Value if one full year’s premium has been paid. The Surrender Value will be higher of the Special Surrender Value or the Guaranteed Surrender Value.
  • GSV if surrendered during PPT= (GSV% * total premiums paid) + (GSV%* accrued bonuses)
  • GSV if surrendered post PPT = (GSV% * Sum Assured) + (GSV % * Accrued bonuses)
  • Free Look Period:  If the customer is dissatisfied with the coverage, terms and conditions of the policy, then he/she is entitled with an option of free look period. It allows him/her to cancel the policy within 15 days of policy issuing.

Inclusions

No Loan facility is available under the plan.

Add-on Benefits or Riders

Aegon Life ADD Rider is available which provides additional benefits in case of Accidental death, disability and dismemberment of the policyholder.

Exclusions

If the policyholder commits suicide within 12 months of policy inception, then only 80% of the premium paid is repaid to the beneficiary. If the suicide is committed within 12 months of revival, higher of the acquired surrender value or 80% of premium paid is returned to the nominee.

Documents Required for Aegon Life Guaranted Income Advantage Insurance

The documents required while filling up the application form are accurate medical history, address proof, and other KYC Documents. In some cases, a medical examination may also be required based on the age of the person and sum assured.

*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
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Investment Plan
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
Average Rating
(Based on 0 Reviews)
Investment Plan 3

Investment plans articles

Recent Articles
Popular Articles
SBI NRI Account

07 Feb 2024

The State Bank of India (SBI) NRI account is designed for
Read more
How Thanks giving and Black Friday Affect The Indian Stock Market?

23 Nov 2023

Black Friday and Thanksgiving mark the beginning of the holiday
Read more
Axis Bank NRI Account

11 Oct 2023

The Axis Bank NRI Account is a gateway to seamless banking
Read more
ICICI Bank NRI Account

09 Oct 2023

The ICICI NRI Account is a specialized banking solution designed
Read more
Long - Term Income Plans

11 Sep 2023

Long-Term Income Plans are strategic financial products that
Read more
20 Best Investment Options in India in 2024
There are many financial products available in the market with different investment objectives. Choosing the best
Read more
Best NRE Savings Accounts for NRIs in 2024
India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in
Read more
Short Term Investments Options
Short-term investments are financial assets that can be easily converted to cash within a short period, typically
Read more
How to Change Mobile Number in Post Office Account Online?
Indian Post Payment Bank (IPPB) is the banking division of the Department of Post (Ministry of Communications)
Read more
Post Office Monthly Income Scheme - MIS Interest Rate 2024
The Post Office Monthly Income Scheme is a secure and popular investment option in India, backed by the
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL