In today’s day and age, a number of horrific incidents happen daily and also more and more threatening diseases are discovered all the time. To get worried about your family thinking about their security in times when you won’t be there for them is very normal.
The key determinants of any good insurance Policy
are Income benefit, rider benefit, life stage benefit etc. In terms of development, many private insurance companies have entered the market. One of the most successful and cost-effective plans are provided by AEGON Life Insurance
.AEGON Life Insurance
AEGON Life Insurance Company is a joint undertaking between Bennett, Coleman, and company and one among the leading financial organization. For the year 2015-2016, the insurance Claim
settlement ratio of AEGON Life Insurance is 95%.
Aegon iTerm Plan: Aegon iTerm insurance plan is an online Term plan
which helps you to build a secure future at minimal cost.Why chose Aegon iTerm Insurance?
The policy definitely has some key benefits for the policy holder:Key Features:
• Maximum Coverage
Upto 80 Years
• Longest Policy Term ; 5-62 years provided
• Complete Pack of Riders
-Accidental Death, Critical Illness, Disability, Waiver
of Premium, Women Critical Illness
& Terminal Illness
• Enjoy the Inbuilt Terminal Illness Rider & Life stage option
• Enjoy the income option with 1.2% of SA till 100 months.Death benefits:
On the death of policy holder, the nominee will receive:
• As a lump-sum payment, or
• As fixed monthly income for 100 months, or
• As a combination of the above
At the time of claim, the nominee will be able to choose the option of being paid the Total Sum Assured
in one single lump-sum immediately. The Policy will terminate on payment of the above benefits.
Inbuilt Terminal illness benefits: On diagnosis of any terminal illness an amount equal to 25% of the Total Sum Assured
will be paid immediately as a lump-sum. Subsequently the total Death Benefit
will be reduced by the amount equal to the benefit paid under this clause.Flexi Life Stage:
The Sum assured amount can be increased. The option is available for the following events:
• On Marriage – 50% of Original Sum Assured
• Birth/Adoption of 1st child – 25% of Original Sum Assured
• Birth/Adoption of 2nd child –25% of Original Sum AssuredRiders Benefit:
The plan has several riders also such as Waiver of premium, Women Critical Illness, Accidental death, Critical illness & Disability Rider.Market Comparison
In case you are still confused, here is a thorough analysis of Aegon Life- iTerm plan along with other online term plans in the market.
Note: All the above Premium
amounts are for the 30-year-old male, non-smoker, for Rs 1 Crore Sum Assured with 30 years Policy Term. Premium Amount is for the yearly mode.