Prices Increasing soon Prices Increasing Soon

AEGON Life iTerm Insurance Plan

Aegon Life iTerm Insurance Plan is an online term insurance plan which aims to fulfill the protection needs of the policyholder at minimal costs for a secured future.

Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Key Features OF Aegon Life Term Insurance

  • This is a purely online term plan
  • It is a term insurance plan with Single Pay and Regular Pay premium paying options
  • There is an inbuilt Terminal Illness Benefit under the plan

Benefits of Aegon iLife Term Insurance

  • On diagnosis of any Terminal Illness, future premiums are waived off and 25% of the Sum Assured is paid immediately to a maximum of 100 lakhs.
  • On death of the policyholder, the Sum Assured less any Terminal Benefit already paid is paid to the nominee
  • There is no maturity benefit in this plan
  • There are 4 additional riders available 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:

 

Minimum

Maximum

Entry Age (Last Birthday)

18 years

65 years

Maturity Age (Last Birthday)

-

75 years

Policy Term (PT) in years

5

57

Premium Paying Term (PPT) in years

Single Pay or equal to the policy term

Premium Paying Frequency

Single, Annual, Semi-Annually and Monthly

Sum Assured

25 lakhs

No limit

Details about Premium

Premium in Rupees for a term of 30 years

Age / Sum Assured

50 lakhs

1 crore

30 years

4617

8208

35 years

5871

10,830

40 years

8322

15,618

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 for Regular Pay plans. For Single Pay plans, Surrender Value is available only after completion of 3 policy years.

Surrender Value = 70% * Single Premium * (outstanding term / total term)

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 30 days of receipt of the policy documents, provided there has been no claim.

Exclusions

  • In case of suicide committed within 12 months of policy inception or revival only 80% of premiums paid are returned to the nominee.
  • For the Terminal Illness Benefit, illnesses arising out of self-inflicted injuries, alcohol abuse, failure to follow medical advice, HIV and AIDS infection, war, aviation, etc. are excluded.

Additional Features or Riders

The following riders are available under the plan:

  • Aegon Life AD Rider
  • Aegon Life iCI Rider
  • Aegon Life WoP on CI Rider
  • Aegon Life Women CI Rider
  • Aegon Life Disability Rider

Documents Required

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

You May like to Read: Aegon Life Term Insurance Plans
Premium By Age

Term insurance articles

  • Recent Article
  • Popular Articles
11 Dec 2023

धूम्रपान करने वालों...

धूम्रपान के

Read more
08 Dec 2023

Long Term Disability Insurance for Income Replacement

Long-term disability insurance for income replacement is a

Read more
07 Dec 2023

Term Insurance for Below Poverty Line (BPL)

In the world of making sure everyone can get important services

Read more
07 Dec 2023

Income Replacement Insurance For Self Employed

Income Replacement Insurance for self-employed is the term

Read more
07 Dec 2023

Edelweiss Tokio Income Replacement Insurance Plan

Edelweiss Tokio Income Replacement Insurance Plan is a

Read more
04 Feb 2022

Best Term Insurance Companies in India 2023

Buying term insurance is a great way to protect your loved ones financially in the unfortunate event of your

Read more
26 Nov 2021

What Are The Medical Tests Done For Term Insurance

Term insurance offers a sum assured to the beneficiary of the policyholder upon their death that can help them

Read more
24 Mar 2020

LIC Term Insurance 1 Crore

LIC of India offers various plans to help you secure the financial future of your loved ones. In order to make

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
30 Jul 2018

What Kind Of Deaths Are Not Covered In A Term Insurance Plan

A term insurance plan is the best way to ensure the financial well-being of your family members in case of any

Read more
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL