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Aegon Life Jeevan Shanti Insurance

Aegon Life Jeevan Shanti Insurance Plan This is a Participating Life Insurance Plan If you want to save regularly along with an insurance coverage on your life, this plan is for you.Aegon Life’s Jeevan Shanti Insurance Plan offers steady savings & life cover at an affordable premium; so you can fulfill your goals and secure your family’s well-being.
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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 Life Jeevan Shanti Insurance Overview

  • Features
  • Eligibility
  • Benefits

Features of Aegon Life Jeevan Shanti Insurance

The key features of this plan include:
  • Lump sum payout at Maturity
  • Financial protection to family by Life Cover for the entire Policy Term.
  • Increase in the benefit amount every year by bonus accrual.
  • Choice of Policy Term to match your savings need.
  • Flexibility in premium payment: pay in monthly,half-yearly, or annual instalments.
  • Tax benefits as per prevailing tax laws.

Eligibility of Aegon Life Jeevan Shanti Insurance

Eligibility Criteria
Entry Age Minimum Minimum – 8 years last birthday
Maximum – 50 years last birthday
Policy Term 10 / 15 / 20 years
Maximum Premium Rs. 3,000 per month
Premium Payment Mode* Annual, Semi-annual and Monthly
Minimum Premium Policy Term Minimum Monthly Premium
  • 10 yrs Rs. 750
  • 15 yrs Rs. 60
  • 20 yrs Rs. 500
Sum Assured Will depend on the age of the Life Assured, Policy Term opted and the Monthly Premium chosen

Benefit Description of Aegon Life Jeevan Shanti Insurance

Benefits
Death Benefit: In case of death of the Life Assured during the Policy Term, provided all due Premiums have been paid, the nominee will receive the following:
  • Sum Assured on Death, plus
  • Accrued Reversionary Bonus, plus
  • Terminal Bonus, if any
The total death benefit payable will be subject to a minimum of 105% of the premiums paid till death. The Sum Assured on Death will be calculated as: Higher of (10 times the Annualized Premium or Sum Assured)
Maturity Benefit On Survival till the end of the Policy Term and provided all due Premiums have been paid, the following amounts will be paid:
  • 100% of Sum Assured, plus
  • Accrued Reversionary Bonus, plus
  • Terminal Bonus, if any

Brochure

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Policy wordings

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    InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

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