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The term insurance provided by Aegon Life is a pure traditional term plan with a higher coverage at a very affordable cost. The main motto of this company is to safeguard the insured’s family by offering a life cover along with monthly payout benefit.
Aegon Life offers best emergency assistance services.
Those who wish to safeguard their family post their demise with a good lifestyle and with a monthly income should opt for Aegon life term insurance.
Terminal Illness: Here, 25% of the sum assured is immediately paid to the insured in case diagnosed with terminal illness. The amount, however, is paid maximum up to 1 Crore and therefore, all the premiums to be paid in the future all waived off.
Death benefit Option1: Here, 100% of the sum assured is immediately paid-off to the insured’s nominee in case of death of the insured.
Death benefit Option2: On death of the insured, the insurance company pays 50% of the total sum assured immediately to the nominee of the insured and the remaining amount is paid monthly as a regular income at 3%.
Tax benefits: Section 80C and 10(10D) of the Income Tax Act, provides tax benefits for premiums paid regularly.
This plan can be bought through the website. The features of this plan are mentioned below:
This is a plan that can be bought without any medical tests. The features of this plan are mentioned below:
This plan doesn’t offer any additional riders.
This plan offers dual benefit. The features are mentioned below:
This plan offers a return of premium option on maturity of the term plan. The features are mentioned below:
This plan promises a monthly income benefit. The features of the plan are mentioned below:
This plan covers both husband and wife under the same plan. The features are mentioned below:
The claims would not be admitted under the below exclusions:
The claim can be filed in a simple and hassle-free process. Let us look at the claim process followed by the Aegon Life Insurance Company. Let us look at the claim process followed by Aegon Life Insurance.Mentioned are the steps for claim process:
1. Claim Intimation:
The nominee of the insured needs to intimate the claim to the insurance company by filling a claim form completely. Necessary documents needs to be attached along with the claim form. They are mentioned below:
The nominee needs to ensure that the form is filled based on the type of claim and submitted to the AEGON Life office along with the doctor’s certificate, death certificate, physician statement etc.
You can contact on 1800-209-9090 (toll free) to intimate your term insurance claim.
2. Fund value payment:
On receiving the documents, the fund value of the plan is paid to the nominee of the policy. This process happens only during death claim.
3. Settlement payout:
The insurance company would verify the documents once received. In case of any more documentation, the verification process would be complete after receiving the same. The clauses and riders if any would also be examined. If all the documents are found right as per the requirement, then the funds would be released in the nominee’s favor.
The payment is done via NEFT (National Electronic Fund Transfer) to the nominee. The insurance company ensures complete transparency to reduce any possible frauds and financial discrepancy.