iTERM INSURANCE PLAN

A life insurance plan with 3 benefit options to choose from providing coverage upto age 100 years.

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Disclaimer

Product Name: Aegon Life iTerm Insurance Plan (UIN 138N016V07).

This is a Non-Linked Non-Participating Insurance Plan.

For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale.

Suicide disclaimer: In case of death due to suicide within 12 months:

  • From the Date of Inception of the Policy, the Claimant shall be entitled to 80% of the premiums paid (excluding taxes), provided the Policy is inforce or
  • From the date of revival of the Policy, the Claimant shall be entitled to an amount which is higher of 80% of the premiums paid (excluding taxes) till the date of death or the surrender value/Policy account value as available on date of death
  • From the date of exercising the Life Stage Option (only applicable under ‘Life Protect’ plan option), the death benefit is the aggregate sum of the following:
  • Base Sum Assured at Date of Commencement of Risk, plus
  • Any increase in Sum Assured by exercising the life stage option prior to 12 months from the date of death (due to suicide); plus
  • 80% of the Premiums paid (excluding taxes and applicable cess, if any) for the last increased Additional Sum Assured

The Policy Terminates upon payment of such benefit.

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.

^ Conditions Apply