Aegon iTerm Plus Insurance plans

Aegon Life Easy Protect Insurance Plan

A life insurance plan with monthly payouts, this plan is simple to understand.
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Aegon Life insurance review

Aegon iTerm Plus Insurance plans
Distribution - Number of branches pan India (March 2019)
82
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
5/62
Solvency Ratio (FY 2018-19) *
2.59
Number of Policies Sold (Ind+Group) *
37,487
Number of Lives Covered (Ind+Group) **
285,524
Claims Settlement Ratio (Ind+Group) ***
96.90%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published
Eligibility Criteria
Entry Age Minimum - 20 years completed
Maximum - 50 years last birthday
Maturity Age Maximum - 60 years last birthday
Sum Assured ₹12 lakhs (Sum of all the pay outs @ ₹10,000 /month for 10 years)
Policy Term 10 years
Premium Payment Term Equal to policy term
Premium Payment Mode Annually
Minimum Annual Premium ₹2.021

Benefit Description

Death Benefit In case of death of the life assured ₹10,000 will be paid per month for a period of 10 years starting from the next monthly anniversary following the date of death and acceptance of claim. Nominee also has the option to take the present value of the future payouts as per company’s terms and conditions. With the commencement of monthly payout benefit, the option of taking the present value will not be available.

Maturity or Surrender benefit The policy terminates without any benefit on survival till maturity or on surrender of the policy.

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2022