GROUP TERM PLUS INSURANCE PLAN
A group is as strong as its Members because it is the people who make any business a success. Each member requires financial protection to ensure the well being of their families when they are not around.
WHY THIS PLAN?
Aegon Life Group Term Plus Insurance Plan meets the financial security need and serves as an ideal way for employers / group administrators to reinforce their bond with their members. This plan provides benefits to groups such as Employer-Employee, Non Employer-Employee and EDLI groups who seek insurance protection at a nominal cost.
In case of unfortunate demise of any member, Sum Assured is paid to the nominee. Additional benefit such as Accidental Death Benefit and
The product offers 4 options to choose from
Silver – Basic Death Benefit
Gold Option 1 - Death Benefit + Accidental Death B
Addition and exclusion of members is possible on a monthly basis
100% of base Sum Assured paid in case, Life Assured (Member) is diagnosed with Terminal Illness
Minimum Entry Age: 14 years
Maximum Entry Age:
Maximum Entry Age
85 years l
Annual, Half-Yearly and Monthly (via ECS only)
Depends on the group size and Sum Assured opted. Maximum: No Limit
Death Benefit - 86 years last birthday
Accidental Death Benefit - 75 years last birthday
Accidental Dismemberment Benefit -
Minimum – Rs. 5,000. For EDLI cases, the Minimum Sum Assured will be Rs. 3,61,000 per member or as per provisions of Employee’s Provident
In case of EDLI schemes, the minimum number of members would be 20 or as per the provisions of Employees' Provident Fund & Miscellane
Aegon Life Group Term Plus Insurance Plan UIN: 138N062V01
- This is a non-linked, non-participating, yearly renewable, Group Term 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