| Eligibility Criteria | |
|---|---|
| Entry Age | Minimum - 12 years completed Maximum - 50 years completed |
| Maturity Age Maximum | 56years completed |
| Policy Term | 6 years |
| Premium Payment Term (PPT) | 6 years |
| Minimum Annualised Premium | Minimum Annualised Premium
|
| Maximum Annualised Premium | ₹2,50,000 p.a. |
| Premium Payment Frequency | Annual and Monthly* |
| Sum Assured | 10 x Annualised Premium |
| Coverages under this Plan | |
|---|---|
| Guaranteed Death Benefit | In case of unfortunate demise of the Life Assured during the Policy Term, the nominee will be paid the Sum Assured under the plan and the policy will terminate. The Death Benefit payable will be subject to a minimum of 105% of the total premiums paid as on the date of death. In case of death while the policy is in Paid-up status, the Death Benefit will be the Paid-up Sum Assured which will be paid after acceptance of death claim. Paid-up Sum Assured is defined as (Total premiums paid / Total premiums payable) x Sum Assured. In case of death of the Life Assured, during the Payout period the Guaranteed Payouts will continue to be paid to the nominee till the end of 11th Year. |
| Guaranteed Maturity Benefit | The insured will get 135% of the annualised premium paid every year (excluding tax) at the end of each year, starting at the end of 6th year till the end of 11th year from the date of the commencement of the policy. This benefit is the Maturity Benefit which will be paid over a period of time. This benefit will only be payable if all the premiums are paid till the end of the Policy Term. |
| Surrender Benefit | The policy will acquire Guaranteed Surrender Value on payment of first 2 years’ annualised premium or first 24 monthly premiums and which can be paid anytime after the policy acquires the Surrender Value. The Surrender Value is calculated as: Surrender Value = A Guaranteed Surrender Value factor x Paid-up value |
| Free Look Period | 30 days |
| Grace Period | 30 days |
Review Aegon Life iGuarantee Insurance Plan brochure to understand coverage details.
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