Aegon iTerm Plus Insurance plans

Aegon iInvest Insurance Plan

iInvest is a Unit Linked Insurance Plan (ULIP) which offers a combination of protection and investment. The company has designed it to offer a considerable degree of flexibility, making it well suited to the first time investor and market expert alike. The company invests 100% of the premium paid by the, thereby helping maximise your investment. This is an investment plus insurance plan that gives the insured access to market linked returns.
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Aegon iInvest Insurance overview

  • Benefits
  • Addressing the Insured’s Needs
  • Eligibility
  • Benefit Description

Benefits of Aegon iInvest Insurance

  • No premium allocation charge
  • Flexible premium payment options: Pay premiums for a limited period or for the entire Policy Term
  • Choice of two Portfolio strategies to manage the investment of the insured
  • Lifestyle Portfolio Strategy: A pre-defined fund allocation strategy to provide the insured with the right mix between Equity and debt, based on the duration of your investment.
  • Self-Managed Portfolio Strategy - Choice of6Funds for investment as per the insured’s investment objective: Blue Chip Equity Fund, Accelerator Fund, Stable Fund, Debt Fund, and Secure Fund, Opportunity Fund
  • Loyalty Units to boost Fund value
  • Liquidity through partial withdrawals after 5 Policy years.
  • Tax benefits as per prevailing tax laws.

Addressing the Insured’s Needs

Needs of the Insured How does iINVEST Insurance Plan fulfil these needs?
Wealth creation
  • Regular investment with a long-term horizon in investment funds
  • No Premium Allocation Charge
  • Loyalty Additions for Policy Term 15, 20, and 25 years
  • Top-Ups to boost your Fund Value
  • Settlement option at Maturity
Investment choice as per your risk appetite
  • Choice of 6 Investment Funds with different risk-return propositions
  • Change your Investment funds with ease by Switch and Premium Redirection
Should not require your time and expertise to manage investment Lifestyle Portfolio strategy, a pre-defined strategy managed by the Company for the right mix of your investment between Equity and Debt
Liquidity Option of Partial Withdrawal
Tax benefits The premiums paid and benefits received are eligible for tax benefits under Section 80(C) and Section 10(10)D, upon fulfilment of the conditions laid down for availing such benefits

Eligibility of Aegon iInvest Insurance

Eligibility Criteria
Entry Age Minimum: 7 years last birthday
Maximum: 55 years last birthday
Maturity Age Maximum: 70 years last birthday
Policy Term 10 / 15 / 20 / 25 years
Premium Payment Term 5 years / 7 years / 10 years / equal to the Policy Term
Minimum Premium Premium Payment Term Minimum Annualized Premium
5 years ₹48,000
7 years ₹36,000
10 years / equal to Policy Term ₹24,000
Maximum Premium No limit, subject to underwriting
Premium Payment Mode Monthly & Annual
Minimum Sum Assured on Death Age at entry less than 45 years:
  • Higher of (10 X Annualised Premium) OR (0.5 X Policy term X Annualised Premium)
Age at entry of 45 years and above:
  • Higher of (10 X Annualised Premium) OR (0.25 X Policy term X Annualised Premium)

Benefit description of Aegon iInvest Insurance

Death Benefit In case of an unfortunate demise of the Life Assured during the Policy Term, the nominee receives highest of
  • Total Sum Assured on death or
  • Total Fund Value or 105% of all the premiums paid.
Where, Total Sum Assured on death = Base Sum Assured on death + Top-Up Sum Assured on death (if any), Total Fund Value = Base Fund Value + Top-Up Fund Value (if any).
Maturity Benefit On Maturity, the insured will receive the Total Fund value as on the maturity date.
Loyalty Units In case the insured opts for Policy Term of 15 / 20 / 25 years and if all due premiums have been paid, the policy will be eligible for Loyalty Units in the last 5 policy years. Each Loyalty Unit addition will be calculated as a percentage of the average Base Fund Value on the preceding 48 monthly anniversaries of your policy (as per the table below). The loyalty units will be allocated proportionately to each segregated fund existing on the date of loyalty unit allocation.
  • 5 / 7 years : 1.70%
  • 10 years / Equal to Policy Term : 1.80%
Partial Withdrawal During the Policy Term, the insured may need money to fulfil certain urgent goals. The partial withdrawal facility gives the insured the option to withdraw money from your Fund Value after first 5 Policy Years. The maximum amount of partial withdrawal allowed in any Policy Year is 20% of the Fund Value at the beginning of that Policy Year. The insured has flexibility to make up to four partial withdrawals in each Policy Year free of charge.
Premium Redirection This feature allows the insured to alter the premium allocation to be applied to your future premiums and Top-Ups.
Switch This feature helps the insured to shift investments from one fund to another. Four switches are allowed free of charge in each Policy Year. Any additional switches will incur charges as per terms and conditions of the plan.
Top Up A Top-Up premium is an additional amount of premium over and above the contractual basic premiums with a minimum amount of ₹5,000. The insured can Top-Up your premium anytime except from the last 5 policy years. At any point of time during the policy term, the total Top-up premiums paid shall not exceed the total regular premiums paid to date. Top-Ups allow the insured to contribute additional premiums if and when you want to boost your Fund Value at their convenience. Payment of Top-Up premium will also increase your Policy Sum Assured, thus enhancing the insurance cover on the life of the insured.

Investment Funds of Aegon iInvest Insurance

Fund Name
Blue Chip Equity Fund The Fund objective is to provide long-term capital appreciation by investing in a diversified equity portfolio consists of predominantly large cap companies with strong financials, quality management and market leadership.
Accelerator Fund This fund will invest in equities of various sectors to diversify the portfolio and generate attractive returns in the long term. It also has the flexibility to invest in fixed interest assets and money market instruments up to 20% each.
Opportunity Fund This fund will aim to provide a long term wealth generation by actively managing a diversified equity portfolio, predominantly comprising of stocks with market capitalization between INR 5,000 crore to INR 15,000 crore. The fund will also have the flexiblity to invest in fixed interest assets and money market instruments upto 20%.
Stable Fund This fund will aim to maintain a balance between equity and debt exposure to have a stable and attractive long term return. It will also shift allocation between debt and equity to gain from asset price movements over medium to long term.
Secure Fund This fund will aim to generate income consistent with high levels of liquidity while protecting the capital. It will invest in a diversified portfolio of money market instruments & other short term fixed interest securities.
Debt Fund This fund will aim to generate attractive returns by investing in a diversified portfolio of government debt, corporate debt, money market instruments and other fixed income securities of varying maturities

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