Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered. In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Half Yearly: 0.512 times annual premium Quarterly: 0.259 time annual premium Monthly (through ECS only): 0.087 time annual premiumĬover remains fixed for the tenure of the policy Premium Factor (multiply with annual premium) Single, Yearly, Half-yearly, Quarterly, Monthly (via ECS only) The benefit of low cost to insurance company is transferred to policyholders as low premium rates. The online policy helps saving costs, which otherwise would have to be paid to intermediaries. The rider to waive premium is valuable in this policy. The policy can be taken by anyone who can access the internet and make online payments.Ī term plan can be taken to cover against the irreversible loss of life of a breadwinner. This low cost policy is suitable for those looking for a high value cover. Accidental Death rider does not cover accidental disability which is a more tough situation with no income and heavy medical expenses. The definition of terminal illness is not easy to understand and may lead to complications at the time of making a claim. The policy covers death due to terrorist attacks. It provides terminal illness benefit to policyholder. The policy is simple to purchase with lower premiums, especially for women. Females can opt for ‘women critical illness rider’ that covers illnesses pertaining to them such as complications at the time of pregnancy and malignant cancer of the female organs. The policy has the scope to enhance protection with three optional riders- accident death benefit, waiver of premium benefit on critical illnesses such as cancer, heart attack, bypass surgery and stroke. A policy with terminal illness rider will stop accepting future premiums on diagnosis and pay the illness benefit. The balance will be paid to dependents on death. The terminal illness rider, if opted, will pay 25 per cent of the sum assured (with Rs 1 crore limit) on diagnosis of a listed terminal illness. The policyholder's nominees receive death benefit on death of the policyholder. The convenience of buying this policy online, does away with the hassles of going through intermediaries and one can buy the plan at convenience. The policy also has low premium rates, as compared to other term plans of the insurer. As fixed monthly income for 100 months, or 3.This is a pure term plan which can only be bought online.
Reward for switching to a healthy lifestyle.Enhance life cover annually, to keep up with inflation.Regular monthly income after the age of 60 cost-effective Life cover right away, without having to wait long for coverage to start.Below are the key features of this product that customers can benefit from. The Aegon Life iTerm Insurance Plan is available across all platforms and channels. Subsequently, he will also receive a monthly payout of Rs.
5 lakhs will be paid after his 60th Birthday. Under the Dual Protect option of the plan, a Lump-sum payout of Rs. For example, consider a 30-year-old male, non-smoker who chooses to buy a cover till the age of 100 years for a base sum assured of 1 crore. Thus, with the Dual Protect option, one can not only secure their family but also prepare for a regular monthly income after 60. And that’s not all, it also provides coverage up to the age of 100 years. It is a plan that provides monthly income after the age of 60. Vineet Arora, MD & CEO of Aegon Life Insurance said “We are proud to introduce a new avatar of term plan in India. It provides the flexibility to choose from three plan options and multiple benefits to the customers. The new Aegon Life iTerm Insurance Plan provides regular monthly income after the age of 60 and offers financial protection until the age of 100 years. Aegon Life Insurance has announced the launch of another innovative version of its flagship and highly popular ‘iTerm’ Insurance Plan - with some truly unique benefits.
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