GROUP CREDIT SHIELD INSURANCE PLAN
A plan that provides adequate protection for the members in your group
WHY THIS PLAN?
You have helped many of your customers financially by providing them loan for various needs of theirs. However, no one has control over uncertainties of life. Aegon Life Insurance offers you Aegon Life Group Credit Shield Insurance Plan’, which not only provides the members of your group with a life insurance plan but also adequately covers their outstanding loan amount so that yours as well as their families’ financial interests are looked after in case of an unfortunate event.
Choice of two plan benefit options
Option 1 – Coverage only in case of Death
Option 2 – Coverage in case of both Death &
Joint Life (Borrower and Co-borrower)
Level Sum Assured
Decreasing Sum Assured
Up to 7 years
Education Loan under Benefit Option 1-14 Years
Others - 18 Years
Benefit Option1: 65 years
Benefit Option2: 60 years
Benefit Option 1: 75 years
Benefit Option 2: 65 years
Single Pay: 2 years
Regular Pay: 5 years
Limited Pay: 8 years
Maximum: 30 years
Maximum: No Limit
Level Sum Assured: Single Pay or Equal to Policy Term
Decreasing Sum Assured: Single Pay or Limited Pay (2/3rd of the policy
Rs.5,00,000 per member for Home Loan and
Rs.50,000 per member for other type of loans.
Aegon Life Group Credit Shield Insurance Plan UIN 138N057V03
- This is a non-linked non-participating group credit insurance plan
- This product is underwritten by Aegon Life Insurance Company Ltd.
- Insurance cover is available under this product
- We do not offer loan under this product