Why buy this plan ?
iTerm Plus is a comprehensive online term plan where 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.
Provides Death Benefit + Accidental death Benefit
Provides Death Benefit + Terminal Illness benefit + Waiver of Premium on Permanent Disability due to Accident + Accidental Death Benefit<
Provides Death Benefit + Terminal Illness Benefit + Critical Illness Benefit Covering 10 Critical Illnesses*
Provides Death Benefit + Terminal Illness Benefit + Enhanced Critical Illness Benefit Covering 36 Critical Illnesses*
Option of insurance coverage till the age of 80 years
Lum-sum payment in case of unfortunate demise, death due to accident, terminal illness and critical illness
Option to increase your life coverage as per your increasing life stage requirement
Option to choose coverage for 10 Critical Illnesses (Basic) or 36 Critical Illnesses (Enhanced)
Waiver of future premiums in case of Permanent Disability and Critical Illness
Lower premium rates for Females and Non - Smokers
Tax benefits on premiums paid and benefits received as per prevailing tax laws
"The starting point for this policy was getting the online quote, from here till the end I was very happy with the efficiency and speed of delivery. The quote was generated quickly on the website and I was able to see all the variables I that made an impact to the features and premium of the policy. The process was managed almost entirely online except the medical test which was done at home without any inconvenience for me to go anywhere. This was followed with an online submission of the requisite documents. Satisfied customer of this product thanks to the efficient, quick and clear process which is enabled by doing most of the work online."
"I got a Term insurance done from Aegon Life Insurance a few days ago. My experience has been superb since the day I expressed my interest. It being an online service you get everything done upon a few mouse clicks. The product was made available to me within an amazing short period." - MouthShut.com reviewer
"Recently I bought Aegon Life iTerm plan online. Overall experience was so nice because of flexibility of policy. There are several options for everyones need. Most important thing is Aegon deliver, what they promise. Medical procedure is easy, transparent and they share all the finding."
"Overall great experience! Low EMI compared to other companies, hassle free medical check up, can be arranged as per your convenience (can be done in office or house), and easy documentation. Prompt solutions provided by Aegon. Representative of every query! Overall hassle free and satisfying experience!" - MouthShut.com reviewer
Product Name: Aegon Life iTerm Plus Insurance Plan (UIN 138N060V02)
For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale.
Suicide disclaimer: If death occurs due to suicide within 12 months from the date of commencement of the Policy or within 12 months from the date of revival of the Policy, the death benefit is refund of at least 80% of the premium(s) paid provided the Policy is in-force. If death occurs due to suicide within 12 months from the date of exercising life stage option (resulting in the increase in Death Benefit Sum Assured), the death benefit is the aggregate of the following: • Original Death Benefit Sum Assured, plus • any increased Death Benefit Sum Assured purchased by exercising the life stage option prior to 12 months from the date of death (due to suicide); plus • 80% of the premiums paid on the last increased component of the Death Benefit Sum Assured.
The tax benefits are subject to change as per change in tax laws from time to time.The premiums paid and benefits received are eligible for tax benefits under section 80C and 10 (10D) of the Income Tax Act of 1961, respectively on the fulfilment of conditions laid down for availing such benefits. Please consult your tax advisor for details.
Goods & Services Tax announced by Government or statutory body in future would be levied as per the applicable laws.