AEGON ITERM PLAN FREE
Rs 1,000,000 – unlimited (subject to underwriting)ġ- Terminal Illness Benefit If life insured is diagnosed with critical illness, 25% of Sum Assured is paid and Sum Assured is reduced by that amount.Ģ- Tax Benefits Under Section 80C, 10 (10D) of the Income Tax Act.ģ- Reinstatement iTerm can be revived within 2 years from the premium due date.ĥ- Free Look Period iTerm plan can be cancelled within 15 days of receiving the policy contract. Salient Features of New iTerm Plan Entry Age It also has longest available online term of upto 75 years. This plan has got coverage of terminal Illness and some additional riders – Accidental Death, Waiver of Premium on Critical Illness Women Critical Rider. The new plan is a enhanced version of previous online iTerm plan.
1,25,00,000.AEGON Religare’s New iTerm life insurance plan is a revised online term plan. The policy and the riders provide him with a lump sum amount of Rs. Vineet is stricken but thankfully due to the forethought of his mother, his college tuition fees won’t be hampered, neither will he have to urgently look for a job. She survives the illness, but unfortunately, at the age of 50, an accident claims her life. 5,00,000 that helps in the treatment process. 12000 annually for the policy to be in force.Īfter a period of 12 years, Jyothika is diagnosed with cervical cancer, and as per the rider benefit, she gets paid Rs. 1 crore, in addition to AD Rider worth Rs. She is the only breadwinner in the family and thus has to look out for Vineet’s secure future too. She lost her husband to a car accident about a year ago. Jyothika, aged 32 years, a chartered accountant lives with her son Vineet, aged 5 years. Tax Benefits - As per the Income Tax Act of 1961, the premiums paid and the benefits from this term are acceptable terms for tax benefits.Surrender Benefit - Only applicable for Single Pay Premium mode after completion of 3 policy years, as per the calculation Surrender Value = 0.7 * single premium (excluding any extra premium loading and service tax) * outstanding policy term (rounded off to a lower integer) / policy term.Aegon Life Women CI Rider - Covering critical illnesses pertaining to women, on diagnosis of any of the specified illnesses, a certain portion of the sum assured on the base plan will be paid.Aegon Life iCI Rider - This rider also covers 4 critical illnesses, Cancer, Open Chest CABG, first Heart Attack and Stroke and on diagnosis of any of these, the sum assured under this rider will be paid.Aegon Life WOP Rider on CI - Offering cover on 4 critical illnesses, Cancer, Open Chest CABG, first Heart Attack and Stroke, this rider can waive off future premiums on the basic policy and other riders.
Advance Payment - On diagnosis of terminal illness, a 25% portion of the sum assured can be paid in advance.Life Insurance Benefit - In case of the death of the life insured, an amount equal to the sum assured will be paid to the nominee.10,00,000 and there is no maximum limit on the same, based on the company’s discretionīenefits offered by this policy are as follows. Sum Assured - The minimum sum assured is Rs.Premium Payment Frequency - The premiums for this policy can be paid annually or in one go as a single payment.Premium Payment Terms - The premium payment term for this policy is the same as the policy tenure.The salient features of this term insurance plan can be mentioned as follows. Age at Maturity - The maximum allowed age limit is 75 yearsįeatures of Aegon Life iTerm Insurance Plan:.Age at Entry - The minimum age is 18 years and the maximum is 65 years.Eligibility Criteria for Aegon Life iTerm Insurance Plan:Īge - The ages mentioned are as per the last birthday The E-Business Leader Award is given to insurers who have effectively managed online channels for lead generation, sales and marketing. Awards and RecognitionĪEGON Life Insurance has been awarded the E-Business Leader Award for four years consecutively in 2013, 2014, 20. The plan can be applied for online, reducing the hassles associated with a plethora of paperwork. It is meant to be a favourable policy for people who travel regularly and are prone to accidents, have dependents and more than a few financial liabilities. Aimed at the primary breadwinners of families, Aegon Life iTerm Insurance Plan is a simple term insurance plan that puts many financial aspects in perspective.
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