Aegon Life Term Insurance Plan

Term insurance is a type of life insurance where the insurer provides coverage for a certain 'term' in exchange for a specific premium paid over a period of time. If insurer dies during the term period specified in the policy, a death benefit is paid to the family of the insured. 
If you want your family to maintain the same lifestyle in your absence, this insurance plan is for you.


Aegon Life's iTerm Insurance Plan

iTerm Insurance Plan is a Term Insurance Plan which provides your family with financial protection at one of the lowest rates. 

It is the one plan we recommend if you want to assure your loved ones of cost effective protection, if the worst were to happen.

Click below to calculate your premium.

Check Premium


If you want your family to sustain the same lifestyle, in case you are not around, this plan is for you. Aegon Life’s Term Insurance Plan protects your family with a life cover and also provides monthly payouts which can act as income benefit.

You should purchase this plan if you:

  • Want to secure your family’s future
  • Want monthly Income for your family in case of death


Mr.Mahesh (age 30 years) is at a senior managerial position with a MNC. His work needs him to travel a lot. He is married and his wife does not work and takes care of their kids - Amog, 4 years and Minal who is just born. Mahesh owns a plush house and a car. However, both of these are availed through a loan. Mahesh knows that life is uncertain. To ensure that in his absence his family continues to live the same lifestyle as they do now, he opts for Aegon Life’s Term Insurance Plan.

His plan details are as follows:

Death Benefit Option 2 (Non Smoker),

Cover Amount (Base Sum Assured) = Rs.50 lakhs, 

Inbuilt Accidental Death Benefit = Rs.50 lakhs,

Policy Term = 30 years, Premium Payment Term = 30 years,

Annual Premium = Rs.12, 900 (exclusive of service tax).

Mr.Mahesh dies in an accident after 3 years

Total Payout = 330% of cover amount (Base Sum Assured)= Rs.1.65 crores(Rs.25 lakhs i.e. 50% of cover amount + Rs. 50 lakhs i.e. 100% of accidental death benefit)+ Rs.1.5 lakhs (3% of Sum Assured) every month for the next 5 years.

The lump sum payout of Rs.75 lakhs received by Mahesh’s family will help them repay loans. Additionally, the monthly payout of Rs.1.5 lakhs over the next 5 years will help them maintain their current lifestyle.


Step 1 Choose amount of protection (Sum Assured); the death benefit option and the period for your policy

Step 2 Our Life Advisor will help you fill in the application form

Step 3 A cheque will have to be drawn in favour of Aegon Life Insurance Co. Ltd.

Step 4 Expect a verification call from Aegon Life call centre, once you apply for the policy


Product Name: Aegon Life Term Insurance Plan - UIN 138N039V02

This is a traditional non-participating Term Plan.

For more details on terms and conditions, please read the sales brochure carefully before concluding a sale..