| Death Benefit |
- 12 times of the monthly income benefit in the policy year of death will be paid as lump sum immediately plus
- Monthly income benefit on death will commence from the next monthly policy anniversary upto the end of the policy term or for a period of 60 months, whichever is later
- The monthly income benefit will increase by 5% p.a. on every policy anniversary upto the age of 59 years |
| Maturity Benefits |
No |
| Income Tax Benefits |
Premiums paid: Tax Benefits under section 80C of the Income Tax Act; Death Benefit: Tax Benefits under section 10(10D) of the Income Tax Act |
| Additional Benefits |
Inbuilt Accidental Death Benefit, Inbuilt Terminal Illness Benefit |
| Premium Payment Frequency |
Monthly & Annually |
| Exclusions |
Exclusions |
Eligibility
| Minimum Entry Age |
25 Years |
| Maximum Entry Age |
50 Years |
| Maximum Maturity Age |
60 Years |
| Policy Term (Years) |
60 years minus entry age |
| Premium Paying Term |
Equal to policy term |
| Initial Monthly Income |
Minimum - Rs.30,000; Maximum - No Limit |
Riders
This rider covers the following 4 critical illness conditions:
- Cancer
- Coronary Artery Bypass Surgery
- Heart Attack
- Stroke
If any of the two lives get diagnosed with any of these four critical illnesses, future premiums payable under the base plan are waived while the life cover continues.
Additional Benefits
In case of partial or permanent disability due to accident or sickness, an individual gets a disability benefit from the next monthly policy anniversary up to the date of maturity or for a period of 60 months, whichever is later. The monthly income for disability benefit will increase by 5% p.a on every policy anniversary.
In case of partial or permanent disability due to accident or sickness, all future premiums will be waived off.
On being diagnosed with any of the 4 critical illnesses (Cancer, Open chest CABG, heart attack, Stroke) future premiums payable under Aegon Life iIncome Insurance Plan and riders are waived off while the life cover and other rider cover continues.