Aegon Life Term Insurance: How To Login

Aegon Life Insurance Company Limited (formerly Aegon Religare Life Insurance Company Limited) launched its operations in India in July 2008. Aegon Life Insurance, since then has emerged as one of the strongest players in the insurance industry.
Aegon life is one of the leading providers of financial services, life insurance, pension, and asset management services. Currently, the company is enjoying a good market share and has recently come up with the Aegon iTerm Insurance plan.

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Get ₹1 Cr. Life Cover at just ₹411/month*
No medical checkup required
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Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
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*Tax benefit is subject to changes in tax laws. *Standard T&C Apply

** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines

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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.

In this article, we will focus on Aegon Life Term Insurance and how you can log in to iTerm Insurance plan online.

What Is Term Insurance?

In layman language, Term insurance is the purest form of insurance that you can buy for yourself and secure the future of your family after your untimely demise. It is a life insurance policy that provides financial coverage to the nominee in the policy if the life insured dies untimely.

Among all the life insurance policies, Term insurance offers the highest coverage with minimal premiums. Some companies also cover the partial or permanent disability of the insured. Term insurance is the only plan that comes under pure risk.

Features Of Aegon Life iTerm Insurance Plan

Aegon life’s iTerm insurance plan is a purely online plan. Here are some key features under the Aegon life iTerm plan:

  • Cost-effective plan just like term insurance plans
  • Comprehensive online protection cover
  • Flexible premium payment options, that is, either
    • Lump-sum under Single pay option
    • Full payment under Regular option
  • In-built terminal illness benefit
  • Additional rider options available, like
    • Critical illness
    • Accidental death
    • Disability, etc.
  • Life cover option up to the age of 80 years
  • Lump-sum or regular monthly income to the family in case of death of the life insured
  • Tax benefits under existing tax laws

Benefits Under Aegon Life iTerm Insurance Plan

Following are the benefits offered under the Aegon iTerm Insurance plan:

  1. Terminal Illness Benefit

    It has an in-built terminal illness benefit, unlike other term insurance plans. Under terminal illness, future premiums are waived off and 25% of the Sum Assured is paid immediately to a maximum of 100 lakhs.

  2. Death Benefit

    Upon the death of the policyholder, Sum Assured less any Terminal Benefit already paid is paid to the nominee. Options of a lump-sum payment or monthly income or a combination of both can be availed as per the requirement of the nominee.

  3. Maturity Benefit

    As Aegon iTerm Insurance is a pure risk plan just like other term insurance plans, there is no benefit payable on maturity of the policy tenure.

  4. Tax Benefit

    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, 1961.

How Does Aegon Term Insurance Login Work?

If you are an existing customer or a new user, Aegon Life Insurance has made managing your policies extremely easy and hassle-free.

Here are the ways as to how you can keep a check on your policy online even if you are a new or existing customer.

  1. Aegon Term Insurance Login For Existing Customers

    If an existing customer,

    • Visit the official website of Aegon Life Insurance Company
    • Click on the customer login
    • Enter your user id and password
    • Enter security code sent on your registered mobile number
    • You can check the status of all your policies
  2. Aegon Term Insurance Login For New Users

    If a new user,

    • Visit the official website of Aegon Life Insurance Company
    • Click on the customer login
    • Select the new user option and click on register now
    • You will be redirected to a new page
    • Fill in all the required details like,
      • Policy number
      • Date of policy issue
      • Date of birth
      • Mobile number
    • Information of all the necessary documents required
    • Once entered all the details, click to proceed
    • Create your Aegon profile
    • Make a suitable user id and password of your choice
    • You can now login to the portal

Eligibility Condition And Other Restrictions

 

Minimum

Maximum

Entry Age

18 years

65 years(last birthday)

Maturity Age

80 years(last birthday)

80 years(last birthday)

Policy Term

5 years

62 years 

Sum Assured

25 lakhs

25 lakhs

Premium Payment Term

Single Pay or equal to the policy term

Premium Payment Frequency

Monthly, half-yearly, yearly and single

Basic Premium

Rs.241 monthly for a 30-year term & Rs.25 lakh SA

Conclusion

Aegon Life Term Insurance plan works like any other Pure Term Insurance plan of any other company with some additional benefits. A customer needs to understand completely about the policy they wish to buy and then invest their hard-earned money on it.

Read all the details and invest wisely!

Written By: PolicyBazaar
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