Been here before?

Download App

Mobile Number

Mobile number is not in correct

Enter correct mobile number

Previous Searches
Previous Searches
Oops!! No previous Searches found...
Term Insurance
More than 1,00,000 satisfied customers !i
  • Best Rates Guaranteedi
  • Dedicated Claims Deski
  • # 1 in Servicei
Term Insurance Plans

Compare and Buy from 24+ insurance companies

Male Female
Tobacco User
Yes No
Tobacco User
Type/Select Annual Income
Select annual income from list
Annual Income
* {{usertextincome}}
{{item.ActualIncomeText}} Type & select annual income from list
With date of birth
/ / Enter Correct Age(Min 18 yrs & Max 65 yrs)
Type/Select City
Select a city from list
Living in
{{item.cityname}} {{citymatch}} Type and select a city from list
Mobile No.
Enter OTP
Enter 4-digit code sent to your mobile no. {{userMobile}} Edit
Resend OTP

Aegon Life iTerm Insurance Plan

AEGON Life Insurance’s “iTerm Insurance Plan” is a pure term insurance plan which is available online. The plan comes inbuilt with a terminal illness benefit. Moreover, there are customizable coverage options under the plan which makes the plan provide an all-round coverage.

Key features of the plan

  • The plan extends coverage till 80 years of age.
  • The death benefit can be taken in lump sum, in monthly instalments or in a combination of both.
  • A terminal illness benefit is inbuilt in the plan which pays an additional benefit in case the life insured is diagnosed with any terminal illness.
  • Riders are also available with the plan.
  • The policyholder can choose to enhance the coverage under the plan at important milestones of his life.


Rohit, aged 30 years, chooses iTerm Plan for a term of 50 years. He chooses a Sum Assured of Rs.1 crore. The premium he pays is Rs.9977 every year for 50 years.

Option 1 - Rohit opts for 100% lump sum benefit. In case of death within the plan term, Rs.1 crore is paid in lump sum.

Option 2 - Rohit opts for 100% income benefit. In case of death within the plan term, 1.2% of Rs.1 crore which is Rs.1.2 lakhs is paid every month for 100 months. Thus, the total death benefit paid is Rs.1.2 crores.

Option 3 - Rohit opts for 50% lump sum benefit and 50% income benefit. In case of death within the plan term Rs.50 lakhs is paid in lump sum. Thereafter, 1.2% of Rs.50 lakhs which is Rs.60, 000 is paid every month for 100 months. Thus, the total death benefit is Rs.50 lakhs + Rs.60 lakhs = Rs.1.1 crores.

Option 4 - if Rohit suffers from any terminal illness during the plan tenure, 25% of the total Sum Assured which is Rs.25 lakhs would be paid in lump sum. Thereafter, the death benefit would be reduced by the terminal illness benefit already paid.

Option 5 - Rohit can increase the coverage if he marries by Rs.50 lakhs and in case of birth of two children by Rs.25 lakhs each.

Option 6 - if the plan matures and Rohit is alive, no benefit is payable.

Plan benefits

  • Death benefit – the death benefit is paid on death of the life insured during the plan tenure. The benefit paid would depend on the death benefit option which was chosen by the policyholder when buying the plan. It can be availed completely in lump sum, completely in monthly incomes or partly in lump sum and partly in monthly incomes.
  • Maturity Benefit – there is no maturity benefit payable under the plan


Minimum Maximum
Age at entry (in completed years) 18 years 65 years
Age at maturity (in completed years) NA 80 years
Term of the plan 5 years 62 years
Premium paying options Regular pay or Single Pay
Premium Paying term Regular Pay - Equal to the plan tenure
Single Pay - once
Sum Assured Rs.25 lakhs No limit

What is not covered by the plan?

If the life insured dies due to suicide within one year of plan commencement, 80% of the premiums paid are refunded.

If suicide is committed within 12 months of revival of the plan, higher of 80% of the premiums paid or the Surrender Value is paid.

For terminal illness benefit, any illness due to HIV, AIDS or attempted suicide within 12 months of plan commencement is excluded.

Premium Illustration

Below are the sample rates of premium payable by a male at different ages for different combinations of Sum Assured and plan term.