A life insurance plan which offers assured returns on premium.
- Guaranteed annual payouts for 6 years starting from the end of policy term.
- In case of death of Life Assured during Policy Term, Sum Assured which is 10 times the annualised premium is payable to the nominee.
- No Medicals.
- Tax benefits as per prevailing tax laws.
Why Buy This Plan
If you are looking for an investment plan that guarantees returns, this plan is for you. Aegon Life iGuarantee Insurance Plan ensures you receive what you are promised and at the right time. So you can achieve your goal, regardless of the situation. Plus, you can avoid the hassle of going through the tedious paper work and do it online without any medicals!
You should purchase this plan if you:
- Want to accumulate wealth for important milestones
- Want guaranteed returns with minimum hassle
Let's understand the plan with an example
Mr. Mahesh (age 35 years) has his own business. His wife works for a private firm and they have a son Arjun, who is 6 years old.
Notwithstanding his good financial position, Mahesh is attuned to the need for a financial instrument that will help him multiply his savings and provide guaranteed annual payouts. Hence, he relies on Aegon Life’s iGuarantee Insurance Plan.
His plan details are as follows:
Policy Term: 6 years, Premium Payment Term: 6 years,
Annualised Premium: Rs. 1, 00, 000 (exclusive of service tax)
Mr. Mahesh dies after 2 years:
Premiums paid by Mahesh = Rs.1 lakh X 2 years = Rs.2 lakhs + tax
Sum Assured paid = Rs.1 lakh premium amount X 10 times = Rs.10 lakhs.
Mr. Mahesh survives the Policy period:
Total payout = Rs. 8,10,000 i.e. Rs. 1,35,000 each for 6 years.
Guaranteed annual payouts on maturity 135% of the Annualised Premium
In case of death 10 times the Annualised Premium is payable as Sum Assured
Premiums paid and benefits received are eligible for tax benefits
Minimum - 12 years completed
Maximum - 50 years completed
Maximum - 56 years completed
10 x Annualised Premium
Age <40 years: Rs 48,000 p.a.
Age>=40 years: Rs 60,000 p.a.
Rs 2,50,000 p.a.
Annually and Monthly*
* Monthly Premium = Annualised Premium X 0.087
How can you buy this plan?
Step 1: Decide the amount of premium you wish to invest
Step 2: Enter the details requested for and get the Cover Amount
Step 3: Pay online using either your debit/credit card or your internet banking a/c
Step 4: Expect a verification call from Aegon Life call centre, once you apply for the policy
Click here to Buy Now!
Product Name: Aegon Life iGuarantee Insurance Plan
For more details on risk factors, terms and conditions, please read sales brochure and benefit illustration carefully before concluding a sale.
Please consult your tax advisor for details. This is a non-linked, non-participating life insurance plan. This document is for benefit illustration purpose only and should be read in conjunction with the sales literature to understand the product. The guaranteed returns under this policy are clearly marked "Guaranteed" in the illustration table. This illustration assumes that all the premiums are paid when due.
Insurance is the subject matter of the solicitation.