Aegon iTerm Plus Insurance plans

Aegon Life Saral Jeevan Bima Insurance

A Term Insurance strategy is a significant instrument in monetary intending to guarantee that your family is monetarily gotten in your nonattendance. Given the significance of Term Insurance, Insurance Regulatory and Development Authority of India (IRDAI) has presented the idea of a standard term protection plan called Saral Jeevan Bima.
Aegon Life Saral Jeevan Bima – a non-connected non-taking an interest individual unadulterated danger term life coverage plan – gives monetary assurance to the family, in the event of the downfall of the protected individual during the approach term. This arrangement thinks of the basic advantage structure which assists the client with settling on an educated decision and guarantee monetary security to the family.
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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

Aegon Saral Jeevan Bima Insurance Plan Overview

  • Eligibility
  • Benefits

Eligibility of Aegon Saral Jeevan Bima Insurance Plan

Eligibility Criteria
Entry Age Minimum – 18 years
Maximum Maximum – 65 years
Policy Term Minimum - 5 years | Maximum – 40 years
Sum Assured Minimum - Rs.5,00,000 | Maximum – Rs. 25,00,000
Sum Assured would be offered in multiple of Rs. 50,000 only
Premium Payment Option Single Pay – Pay only once
Regular Pay – Equal to policy term
Limited Pay – 5 Pay and 10 Pay
Premium Payment Mode Annual, Semi-Annually and Monthly The modal loadings for modes other than annual mode will be:
  • Semi-Annual Premium = Annualised Premium * 0.512 .
  • Monthly Premium = Annualised Premium * 0.087.

Key Benefits of Saral Jeevan Bima Plan

  • A simple and easy to understand term insurance plan.
  • Suitable solution for all, including first time buyers.
  • Cost effective plan for your basic insurance need.
  • Provides financial security to your family by providing lumpsum pay out in your absence.
  • Flexibility to select policy term and premium payment term as per your need.
  • Option to get additional benefit in case of death due to accident with Aegon Life AD Rider .

Brochure

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Policy wordings

Review Aegon Life Saral Jeevan Bima Insurance Plan Premium policy wordings which explains the terms and conditions.

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025