AEGON Life Easy Protect Insurance Plan

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Aegon Life Easy Protect Insurance Plan is a term insurance plan where the death benefit is not paid in a lumpsum but paid in monthly installments so that the income needs of the family are met in the unfortunate death of the policyholder.

Key Feature

  • It is a term insurance plan
  • In this plan, there is Regular Pay premium paying options.


  • This is a non-medical term plan
  • On death of the policyholder, Rs. 10,000 is paid every month for 10 years subject to a minimum of 105% of all premiums paid.
  • Being a pure term plan, there is no maturity benefit in this plan
  • Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:




Entry Age (Last Birthday)

20 years

50 years

Maturity Age (Last Birthday)


60 years

Policy Term (PT) in years


Premium Paying Term (PPT) in years

Equal to policy term

Premium Paying Frequency


Yearly Premium


No limit

Sum Assured



Details about Premium

Premium in Rupees and benefit illustration for Death Benefit Option 2


35 years

Sum Assured

12 lakhs



Policy Term and PPT

10 years

Benefit payable on death

10,000 per month for 10 years


Policy Details

Grace period: 30 days grace period is allowed for payment of premium.

Policy termination or Surrender Benefit: the policy does not acquire Surrender Value.

Free look period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.


In case of suicide committed within 12 months of policy inception or revival only 80% of premiums paid are returned to the nominee.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and provide self-attested copies of KYC/AML Documents.