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Aegon Life Insurance Claim Settlement

139 reviews Rate This
Claim Settlement Ratio99.03%

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1. Premium has been calculated for coverage till 60 years
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Claim Settlement of Aegon Life Insurance

Aegon Life Insurance provides an easy and quick claim settlement process. The insurance company allows you to settle a claim both online as well as offline. The insurer featured a high claim settlement ratio of 99.25% in the FY 2020-21. Aegon Life Insurance ensures complete transparency ensures that there are no problems caused during the claim settlement process.

  • How To Make Claim

    Aegon Life Insurance Claim Settlement Process - Online 

    The policyholder/claimant can intimate the claim online at the Aegon Life Insurance website. Aegon Life has a 3 step hassle-free claim settlement process. The process is as follows: 

    Step 1: Visit Website

    Visit the website of Aegon Life Insurance, click on the ‘Services’ option on the home page and click on the ‘Insurance’ option.

    Step 2: Enter Details

    Enter your date of birth and enter the captcha code then select the submit button to proceed with the claim settlement process.

    Step 3: Submission of Documents

    Submit the required documents for the claim assessment.

    After the documents have been submitted and assessed for the claim to be settled a claim decision is made by Aegon Life and the claim amount is released in the favour of the beneficiary through mentioned payment mode.

    Aegon Life Insurance Claim settlement Process - Offline

    One can apply for a claim at any Aegon Life Insurance branch office. The process of claim intimation and settlement at Aegon Life Insurance branch is as follows:

    Step 1: Claim Intimation and Registration

    The claimant needs to duly fill the claim forms and submit the claim form along with required documents to the claim assistance team at the Aegon Life Insurance branch.

    Step 2: Payment of the Fund Value

    Aegon Life insurance pays the total sum assured in case of immediate financial need at the time of unforeseen event after the required documents and forms have been submitted. 

    Step 3: Claim Settlement or Benefit Payout

    After the required documents and forms have been assessed by the claims department at Aegon Life Insurance the claim decision has been made the sum assured and any other rider/benefit amount is released to the claimant/beneficiary.

  • Documents Required

    Documents Required To Make Aegon Life Insurance Claim 

    Following is the list of documents required for Aegon Life Insurance Claim:

    Claim Type

    Documents Required

    Natural Death Claims

    • The Claimant Statement Form
    • Copy of the Death Certificate issued by local authority/government
    • Claimant’s Pan Card
    • Claimant’s Photo ID Proof
    • Claimant’s Address Proof
    • Copy of Cancelled Cheque
    • Copy of Bank Passbook

    Accidental Death/Suicide/Accidental Disability/Critical Illness Claims

    • All natural death claim documents
    • Copy of FIR/Post Mortem Report/Punchnama/Inquest Report
    • Cause of Death issued by the treating doctor
    • Medical Records
    • ALIC Attending Physician Statement
    • ALIC Hospital Treatment Statement
    • ALIC Disability Intimation Form
    • ALIC Dismemberment Claim Intimation Form
    • ALIC Critical Illness Form

Latest News on Aegon Life Insurance

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    Aegon Life premium receipt download process is quick and easy. The policyholders can visit the official website of Aegon Life and download the policy receipt online with ease. Read on to know complete process!
    By Saumya Srivastava01 Mar 2023
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    Steps To Revive Lapsed Aegon Life Policy

    When the policyholder fails to pay the premium before the due date and during the grace period, the insurance policy lapses. A lapsed Aegon life insurance policy can be revived in a few easy steps. Read on to find out!
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Aegon Life Insurance User Reviews

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What users are saying
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  • InsuranceDeko's Aegon Life Insurance Policy is not just an expense; it's an investment in peace of mind. It's ...

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    By Muskaan Tawar
    On: Oct 10, 2023
  • I appreciate the transparency of InsuranceDekho. While purchasing the Aegon Life Insurance Policy. they provid...

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    By Rashmi Despande
    On: Sep 21, 2023
  • Dealing with InsuranceDeko has been a pleasure. Their customer service team is caring and always there to addr...

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    By Avijit Dey
    On: Sep 15, 2023
  • The customer support team of InsuranceDekho has always been there to answer my questions and guide me through ...

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    By Manish Agarwal
    On: Sep 13, 2023
  • I appreciated the flexible payment options for premiums provided by InsuranceDekho. It made managing my Aegon ...

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    By Dhairya Batra
    On: Sep 08, 2023

Claim Process at Aegon Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

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Aegon Life Insurance Claim Settlement FAQs

  • What is the claim settlement ratio of Aegon Life Insurance?

    Aegon Life Insurance featured a high claim settlement ratio of 98.01% in the FY 2019-2020.

  • How will I receive my claim amount?

    Aegon Life Insurance makes claim payouts through direct bank transfers or through cheques.

  • Who receives the death claim benefit?

    The nominee/assignee/beneficiary/legal heir as mentioned in the policy by the policyholder is entitled to receive the death claim benefit.

  • What is the ideal time period to report/intimate a claim?

    All types of claims are to be reported immediately to the insurance company for a faster and hassle-free claim settlement process.

  • Do Aegon Life Insurance policies cover COVID-19?

    Yes, Aegon Life Insurance policies cover any hospital expenses at the time of diagnosis of COVID-19 and also one can request a claim for death caused due to COVID-19.

Aegon Life Insurance Contact Details

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