Life Insurance

Aegon Life Term Insurance Plan Term Insurance Plan

Death Benefit Death Benefit Option 1: In case of death of the Life Assured, Sum Assured under the plan will be paid and the Policy will cease to exist Death Benefit Option 2: In case of death of the Life Assured, the following will be paid:

- 50% of the Sum Assured immediately
- 3% of the Sum Assured every month, starting the next Policy month for the next 5 years
- Nominee will have an option to take the discounted value of the future payouts anytime
Survival 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 Accidental death Benefit

- Death Benefit Option 1: 200% of the Sum Assured will be paid.
- Death Benefit Option 2: 150% of the Sum Assured will be paid along with 3% of the Sum Assured paid every month for next 5 years.
Premium Payment Frequency Annually, Half-yearly, Monthly
Exclusions Suicide: committed within 1 year of date of commencement or revival of policy


Minimum Entry Age 20 Years; 30 years for 10-year policy term
Maximum Entry Age 65 Years
Maximum Maturity Age 75 Years
Policy Term (Years) 10, 15, 20, 25, 30, 35, 40 years & 75 Years minus age at entry
Premium Paying Term Equal to policy term for regular pay


Aegon Life Critical Illness Life Rider

This rider covers critical illnesses. In case the insured is diagnosed with mentioned critical illnesses, cover amount will be paid.

Aegon Life Women Care Rider

This rider covers illnesses pertaining to women. On being diagnosed with any of the covered illnesses a certain percentage of the cover amount will be paid

Aegon Life TPD Rider

This rider covers the insured in case of total and permanent disability. On being diagnosed with total and permanent disability, cover amount will be paid.

Aegon Life Premium Shield Rider

This rider waives off the future premiums payable under the base plan upon permanent disability of the Life Assured due to either accident or sickness.