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Aegon Life IGuarantee Insurance Plan

What is the Plan all About?

Aegon Life iGuarantee Insurance Plan is a non-linked, non-participating insurance plan that offers assured returns on regular premium. This plan provides guaranteed maturity benefit and helps achieve your financial goals. This online insurance plan also provides the life cover that ensures financial security for your family.

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What are the Key Features?

  • Guaranteed maturity benefit
  • Guaranteed death benefit
  • Hassle-free procedure to buy plan online
  • Avail tax benefit

What are the Plan Benefits?

Death Benefit

    In case of death of the life insured during the term of the policy, the death benefit payable is equal to the Sum Assured and the policy then terminates. The death benefit payable is subject to a minimum of 105% of the total premiums paid (as on the date of death).

    In case of death of the Life insured during the Payout period, the Guaranteed Payouts will be paid to the nominee till the end of the 11th year.

Maturity Benefit

    135% of the annualized premium is payable at the end of each year. This payout starts at the end of 6th year till the end of the 11th year, provided all due premiums are paid.

Loan Benefit

    Loan facility cannot be availed under this plan.

Surrender Value

    The policy acquires the guaranteed surrender value on payment of all premiums for at least two full policy years. Surrender Value = A Guaranteed Surrender Value factor * Paid-up value.

Tax Benefit

    You are eligible to avail tax benefits under section 80C & 10(10D) the Income Tax Act, subject to prevailing tax laws.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 12 Years 50 Years
Age at Maturity - 56 Years
Policy Tenure 6 Years -
Premium Paying Term 6 Years -
Premium Paying Mode Annually & Monthly -
Annualized Premium Rs 48,000 (for Age Less Than 40 Years), Rs 60,000 (for Age 40 Years Or More) Rs 2.5 Lacs
Sum Assured 10 Times Of Annualised Premium -
Freelook Period 30 Days From The Receipt Of The Policy -
Grace Period 30 Days -
Plan Type Online -

Is any Rider Available with this Plan?

Aegon Life Premium Shield Rider can be opted on payment of additional premium (as applicable).

How the Plan Works?

Let’s understand the plan with the help of below illustrated example.

Mr. Kumar at 30 years, wants to buy a plan that provides both savings and protection. He opts to buy Aegon Life iGuarantee Insurance Plan with the policy term of 6 years, annualized premium of Rs 1 lac with sum assured of Rs 10 Lacs.

Scenario A: Mr. Kumar Survives through the Policy Term

If Mr. Kumar survives till the end of the policy term, Rs 1.35 lacs is payable at the end of every year from 6th year to 11th year. The maturity benefit can be used to build wealth, so you can fulfill your long term financial goals.

Aegon Life iGuarantee Insurance Plan

Scenario B: Mr. Kumar dies during the Policy Term

In the event of demise of Mr. Kumar during the policy term, Rs 10 Lacs and the policy will terminate. The death benefit provides financial cover for the family.
 

Aegon Life iGuarantee Insurance Plan 1