Aegon Term Insurance Plans

Aegon Life Insurance Company is a joint venture between Times Group and Aegon Group, and started operating in July 2008. It. The insurer provides several term life insurance plans with great features and multiple benefits. Aegon Life Term insurance plans are cost-effective but designed to cater to the diverse range of requirements of policyholders. Aegon Life Insurance featured an impressive claim settlement ratio of 98.01% in the financial year 2019-20.

Aegon Life Term Insurance Plans

Aegon Life Insurance offers various term insurance plans. The details of the plans are as follows:

1. Aegon Life iTerm Prime: Aegon Life iTerm Prime provides coverage for life insurance as well as lump-sum benefits. The minimum entry age of Aegon Life iTerm Prime is 18-65 years and the maturity age is 23-70 years. To enhance the plan benefits even more, you can also include riders such as Accidental Death Benefit rider and Critical Illness Rider.

2. Aegon Life iTerm Comfort: Aegon Life iTerm Comfort provides death benefits to the nominees in case the policyholder meets an unfortunate death. With Aegon, you can buy this plan just by submitting a few documents. You can also save tax of up to Rs. 46,800 with the Aegon Life iTerm Comfort plan. This plan also offers a special exit value which means that once you are 55 years of age, you can make an exit from the plan.

3. Saral Jeevan Bima: Saral Jeevan Bima is one of the best term plans to secure the future of your loved ones in your absence at affordable premiums. There are three payment options available with the Saral Jeevan Bima plan, Single Payment, Regular Pay, and Limited Pay. You can also include riders in the Saral Jeevan Bima plan to further enhance its benefits.