iTerm Forever Insurance Plan

A Non-Linked Non-Participating Whole of Life Term Insurance Plan


Mr. Abhay (Age 30 years, Non-smoker) opts for Aegon Life iTermForever Insurance Plan. He also opts for “Planned Life Stage Benefit” to systematically increase his life cover during the policy period. His plan details are:

• Cover amount(Sum Assured) : Rs.1 Crore
• Policy Term : Whole of Life
• Premium Payment Term : Whole of Life
• Annualized Premium at inception : Rs.23,016
• Monthly premium at inception : Rs.2,002
• Planned Life Stage Benefit Option : Yes

Term Insurance Plan - iTermForever Insurance Plan

Term Insurance Plan - iTermForever Insurance Plan – Case Study


  • Calculate your premium online by choosing the amount of protection and Premium Payment Term.
  • Enter the details requested and generate a premium quote.
  • Pay online using either your debit/ credit card or your internet banking account.
  • Expect a verification call from Aegon life call centre, once you apply for the policy.


Product Name: Aegon Life iTermForever Insurance Plan UIN- 138N061V01 This is a non-linked non-participating whole of life term insurance plan. For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale. If death occurs due to suicide within 12 months from the Date of inception of the Policy or within 12 months from the Date of Revival of the Policy, the death benefit is refund of 80% of the premium(s) paid (excluding taxes) provided the Policy is In Force. If death occurs due to suicide within 12 months from the date of exercising Event based Life Stage Option (resulting in the increase in death benefit), the death benefit is the aggregate sum of the following:. Sum Assured chosen at inception, plus • Any increase in Sum Assured by exercising the Event based Life Stage Option prior to 12 months from the date of death (due to suicide); plus • 80% of the premiums paid (excluding taxes) for the last increased additional Sum Assured. This product is underwritten by Aegon Life Insurance Company Ltd. • Sub-standard lives may be charged extra premiums as per the insurer’s underwriting policy. • Insurance cover is available under this product. Aegon Life iDisability Rider (UIN: 138B014V01) /• Aegon Life WoP Rider on CI (UIN: 138B007V02) Aegon Life AD Rider (UIN: 138B006V03) Aegon Life iCI Rider (UIN: 138B011V0 ) /Aegon Life Women CI Rider (UIN: 138B005V02)(for Female Life Assured only) The premiums paid and benefits received are eligible for tax benefits under Section 80C and 10(10D) of the Income tax Act, 1961 respectively upon fulfilment of conditions laid down for availing such benefits. The tax benefits are subject to change as per change in Tax laws from time to time. Please consult your tax advisor for further details. 2. GST disclaimer - Goods & Services Tax announced by Government or statutory body in future would be levied as per the applicable laws.