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Aegon Life iTerm Plus Insurance Plan wins the ‘Best Product Innovation’ Award

Oct 08, 2018 | 2 years ago | Read Time: 3 minutes | By iKnowledge Team

Aegon Life brought home the Golden Star Award 2018 for ‘Best Product Innovation’ upon meeting the selection areas of innovation, customer service, strategy and future technologies. The Golden Star Awards are a benchmark to recognize best practices in the Insurance industry and honour these companies. Conducted by CMO Asia, The Golden Star Awards are organised each year to salute the unsung heroes of the insurance industry.

Aegon Life iTerm Plus Insurance Plan wins the ‘Best Product Innovation' Award

Aegon Life’s Victory Lap at Golden Star 2018 

Armed with iTerm Plus Insurance Plan, Aegon Life bagged the award for ‘best product innovation’ at the Golden Star night. Our vision to be the most recommended new age life insurance company has enabled us to leverage digital platforms and bring transparent solutions to our customers. With a complete product suite of life insurance plans, superior technology, and customised service, Aegon Life Insurance Company Limited launched its pan-India operations in July 2008. As a joint venture between Aegon – world’s leading financial services and Bennett, Coleman & Company – India’s leading media house, Aegon Life adopts the power of global expertise to facilitate a direct to customer approach.

Our Red-Carpet Star for Best Product Innovation – iTerm Plus Insurance Plan

Our term insurance plan, iTerm Plus Insurance is a fruit of our relentless efforts to offer our customers the best in the life insurance space. How we achieved this feat? With the help of media coverage and online campaigns, we generated buzz in the industry for iTerm Plus. The average sale price (ASP) went up by 13% after the launch of iTerm Plus in July. 

What this means is even though this product was slightly more expensive compared to our iTerm Plan, customers still chose iTerm Plus over iTerm, clearly because of the benefits of this plan.

What is iTerm Plus Plan and How It Benefits You?

 One of the most comprehensive plans in the market, iTerm Plus has been tailored to suit your financial needs. You can choose from a choice of four plan options which offer different in-built benefits like accidental death and critical illness. So, while you get no money back with iTerm Plus if things stay well through the entire term, it is the one plan that can assure your loved ones of adequate protection, if the worst were to happen.

The 4 key options of iTerm Plus are:

  • Life Plan – Offers death benefit + accidental death benefits
  • Life Plus Plan – Offers death benefit + terminal illness benefit + waiver of premium on permanent disability due to accident
  • Life & Health Plan – Offers death benefit + terminal illness benefit + critical illness benefit covering 10 critical illnesses
  • Life & Health Plus Plan – Offers death benefit + terminal illness benefit + enhanced critical illness benefit covering 36 critical illnesses

What more? With iTerm Plus, you can pay premiums that are very reasonable. Additionally, premium payments are quite flexible. You can choose to pay your premiums either yearly, semi-annually or monthly.

iTerm Plus also gives you the option to increase your life cover as per your increasing life stage. This means, if you have bought your policy in your 30s as single, you can increase the life cover once you get married to protect your spouse and kids.

That’s how iTerm Plus empowers you. Naturally, iTerm Plus was the winner for being a ‘product innovator’ in the industry. So, if you haven’t insured your loved ones with iTerm Plus, insure them today.

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To know about AegonLife’s life insurance products like term insurance plans and other products like health insurance , visit our home page.


iTerm Plan

Life Insurance Plan with 3 Options to Choose from

  • Life Protect (Life cover till age 100 years)
  • Protect Plus (5% Automatic Increase of life cover)
  • Dual Protect (Protection + Regular Income)
iTerm Plus Plan

Life Insurance Plan with 4 Options to Choose from

  • Life Plan
  • Life Plus Plan
  • Life & Health Plan (10 Critical Illnesses covered)
  • Life & Health Plus Plan (36 Critical Illnesses covered)
iInvest Plan

iInvest Plan with 3 Options to Choose from

  • Increases Your Investment
  • Boost Your Fund Value
  • Withdraw Your Investment
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