iMAXIMIZE INSURANCE PLAN

An investment plus insurance plan to secure your child’s education and future

 

GET A FREE QUOTE

 

Why buy this plan ?

iMaximize is our online Unit Linked Insurance Plan (ULIP) which offers a combination of protection and market linked returns. We have designed it to offer a considerable degree of flexibility, making it well suited to the first time investor and market expert alike. This plan can also cater to your child’s needs in your absence through the Triple* Benefit pay-out option, which provides financial relief in stages. No allocation charges means you maximise the return from your investment as the full amount gets exposure to the fund of your choice.

Testimonials

Sid

"AEGON Life imaximise that aims to your investment. It has no Premium allocation charges, thus increasing the availability of more fund for investment. It is not only a value for money investment but also provides you a choice for opting the protection (death benefit) suitable for you. AEGON Life Insurance, our endeavor is to provide you with newer solutions that give you the best value for money." - mouthShut.com reviewer

Vishal Shah

"This is the plan for which one can be assured that this plan will take care of their child education expenditure. As such Aegon Life is now having a very good name in the insurance sector and they are quite professional. Only you need to go to their website select plan and put your details and you will be provided with all the details of the insurance plan." - mouthShut.com reviewer

Next step

You can keep your family secure by just spending a few minutes to fill out a simple step-by-step form. Keep the following documents ready before you fill the form.

 
Passport size photograph
 
Identity Proof
 
Address Proof
 
Age Proof
 
Income Proof
 
Bank Proof

Once you fill the form and pay your premium we will guide you through the next steps which may include a medical check. If you have any difficulty, click on the call button anytime. You will receive a call from us to help you with any query.

FAQ's

General GeneralGeneral

What is a T-PIN ID?

T-PIN stands for Telephone Personal Identification Number. It is a password consisting of a 4-digit number unique for your policies with us. The same has to be used along-with the policy number for giving policy servicing request over the phone.

It also enables you to access your policy details over our Interactive Voice Response (IVR) system.

For security reasons your T-PIN will be sent to your mailing address separately, post your policy issuance. Incase, you have not receive the T-PIN then please contact our customer service toll free number 1800-209-9090 between 9:00 am to 7:00 pm (Monday to Saturday), and our service executive will assist you for issuance of a new T-PIN.

How can I give request for availing fund switch option on my ULIP policy?
  • For us to process your Fund switch request on the same day, remember to inform us before 3.00 pm. Requests received after 3.00 pm will be processed the next day.
  • For Fund switch requests that you send on Friday remember to inform us before 3.00 pm and they will be executed on the same day. However, if you are unable to do so your request will be processed on Monday.
  • There are three simple options to execute the Fund switch request

Option 1 - Endorsement form submission:

  • For a Fund switch request, you need to submit an endorsement form signed by the policyholder at the nearest ALI branch.
  • Click here to access the fund switch endorsement form, available under option Service Requests through Form Submission.
  • You need to fill the complete details, i.e. From (Old fund) Fund Name, To (New) Fund name, percentage (%) to be allocated to the new fund.
  • Based on the fund switch request, current funds will be allocated to the new fund opted by you.

Option 2 - Customer portal:

  • Log on to the customer portal with your user name and password. Select the Fund switch option to execute the fund switch request online.
  • Enter the percentage (%) to be removed from old fund and percentage (%) to be allocated to new fund through the customer portal.
  • Next day, you will be able to view the new fund allocation online.

Option 3 - Call our Toll free number:

  • Instantly process your fund switch request through your phone, by calling us on our customer service toll free number 1800-209-9090 using your policy number and the T-PIN issued to you.
How can I request for re-directing my future premium on my ULIP policy?
  • You have two options to request for premium redirection:

Option 1 - Endorsement form submission:

  • For premium redirection request, you need to submit an endorsement form signed by the policyholder at the nearest ALI branch.
  • Click here to access the premium redirection endorsement form, available under option Service Requests through Form Submission.
  • You need to fill the complete details like - Fund Name and the percentage (%) to be allocated to new fund.
  • Based on your premium redirection request, future premiums will be allocated to the new fund opted by you.

Option 2 - Call our Toll free number:

  • Instantly process your premium re-direction over phone, by calling us on our customer service toll free number 1800-209-9090 using your policy number and the T-PIN issued to you.
How can I add/remove a rider in my policy?

For addition of rider, we request you to kindly submit a written request letter/endorsement form duly signed by the policyholder at your nearest branch.

For Deletion of rider, we request you to please call us on our customer service toll free number 1800-209-9090 between 9:00 am to 7:00 pm (Monday to Saturday). Using policy number & T-PIN issued to you, you can instruct us over the phone for deletion of rider from your policy.

How can I apply for duplicate policy documents?

We request you to kindly submit a written request letter/endorsement form duly signed by the policyholder at your nearest branch along with an indemnity bond on Rs 200/- stamp paper.

How can I increase the Sum assured in policy?

We request you to kindly submit a duly signed written request letter/endorsement form by the policyholder at your nearest branch along-with your original policy documents.

How can I avail ECS Facility?

To apply for an ECS facility with us, you need to submit:

  • A duly filled ECS form Click here
  • A cancelled cheque (refer image)

Pay the current due amount, if any. For ECS addition for Monthly cases 2 advance premiums required along with the ECS form. For ECS addition for any other mode of payment 1 advance premium required if the next due date in within next 30 days along with the ECS form.

 

It helps us record the MICR code of your bank

You can submit it :

Aegon Life Insurance Company Limited,
Building No. 3, Third Floor, Unit No. 1,Nesco IT Park, Western Express Highway,
Goregaon (East), Mumbai- 400063
Tel: +91 2261180100 | Fax: 02261180200/300
E-mail: customer.care@aegonlife.com
Website : www.aegonlife.com
Corporate Identity No. : U 66010MH2007PLC169110

  • to any of our branch offices.
  • mail it to our corporate address:
  • hand it over to your sales representative
What are the various mode/channel available for submitting policy?

ustomer Servicing TransactionsWhen can I instructWhen will the new instruction be effective

Communication/Mailing Address ChangePost policy issuanceIt will be effective on the same day of receipt of transaction request

Addition/Deletion of Nomination for Major 
(Above 18 years)Post policy issuanceEffective on the same day of receipt of transaction request

Change in Premium payment frequencyPost policy issuanceIt will be effective from the next policy anniversary

Fund Switch 
(Applicable only for ULIP Policies)Post policy issuanceIt will be effective as per the ULIP guidelines guidelines laid down by IRDA

Premium Re-direction
(Applicable only for ULIP Policies)Post policy issuanceIt will be effective from the next premium due date

Auto Rebalancing
(Addition/Deletion)Post policy issuanceIt will be effective from the next policy anniversary

Invest-protect Option
(Addition/Deletion)Post policy issuanceIt will be effective from the next policy anniversary

Deletion of RiderPost policy issuanceIt will be effective from Premium Due Date (except for Term Rider)

How can I change the nomination details in my policy?
  • You have a choice to select from two ways to instruct nominee change/addition:

Option 1 - Endorsement form submission:

  • For addition or change in nomination, you need to submit an endorsement form, signed by the policyholder, at the nearest ALI branch or the registered Head Office.
  • Click here to access the nomination form available under the option of Service Requests through Form Submission.
  • Fill the complete nomination details like name of nominee, relationship with the life assured, percentage (%) of nomination, nominee’s date of birth, nominee’s communication address.
  • In case of an addition of a minor nominee (below 18 years), you need to update the appointee details in the endorsement form.

Option 2 - Call our Toll free number:

  • Instantly process the change of nomination for your policy, through your phone, by calling us on our customer service toll-free number 1800-209-9090 using your policy number and the T-PIN issued to you.

iMax iMaxiMaximize

What is the difference between buying a ULIP Online vs. Offline?

It has been Aegon Life’s constant endeavor to design customer centric offerings. iMaximize is one such online solution which has been designed to maximize the customer benefits. Since this plan comes with zero allocation charge, 100% of your premium is invested in the chosen fund, thus leading to a better value for the customer.

I have received my policy document. For further assistance please let me know whom do I contact?

You can contact us on our toll free no 1800-209-9090 or you can write to us at customer.care@aegonlife.com.

How many free switches are allowed during the Policy Year?

This plan offers four free switches every policy year.

Can I change my premium frequency from monthly/annual to single or vice-versa?

No, change in premium payment frequency from monthly/annual to single pay, or vice versa is not possible.

Is it safe to make payments online?

Aegon Life ensures that every transaction you conduct online is in a safe and secure environment. To achieve this, our site is protected by Secured Socket Layer (SSL) technology by VeriSign, the leaders in encryption technology. The process of encryption takes your credit card information and converts it into bits of code that are securely transmitted over the Internet. This scrambled data cannot be read as the information travels over the Internet. Aegon Life doesn’t store any Credit/Debit card, Internet banking related information provided by the customer.

Can I pay additional premium into this plan?

Yes, this plan has a Top-Up facility to help you boost your Fund Value by paying additional premiums as per your convenience. The minimum Top-Up amount is ₹5000 and you can Top-Up anytime except in the last 5 Policy Years.

Do I require to submit income evidence?

If the cumulative premium is ₹1 lakh and above, the income proof will be required. Also it is important from financial underwriting point of view.

What is Aegon Life iMaximize Insurance Plan?

Aegon Life iMaximize Insurance Plan is a Unit Linked Insurance Plan.

Can I avail a loan in this Policy?

No, this plan does not offer loan.

Can I change the Death Benefit option from 1 to 2 or otherwise?

No, Death Benefit option selected by you during Policy purchase will remain same throughout the policy term.

What are the Death Benefit options available under this plan?

There are two Death Benefit options available under this plan. 1 Benefit Option1: Higher of Sum Assured or Fund Value paid 2 Benefit Option2: Sum Assured + Additional Savings Benefit + Income Benefit

Can I withdraw money from my Policy?

Yes, the Partial Withdrawal facility available with this plan gives you the option to withdraw money from your Fund Value after first 5 Policy Years. The maximum amount of Partial Withdrawal allowed in any Policy Year is 20% of the Fund Value at the beginning of that Policy Year. You have the flexibility to make up to four Partial Withdrawals in each policy year free of charge.

What types of deaths are covered?

This Policy covers all types of deaths except death due to suicide during first Policy year or within one year from the date of revival. In case of death by suicide during first Policy year or within one year from the date of revival, only fund value as on the date of death is payable.

What is the difference between Death Benefit Option1 & Death Benefit Option2?

Death benefit Option1: In case of death of the Life Assured, nominee will receive the following: Higher of Sum Assured or Fund Value or 105% of total premiums paid Death benefit Option2: Triple Benefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105% of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit)+Amount equal to the annual premium will be paid every year to the nominee (Income Benefit).

Can I propose the Policy for any one of my family member? Eg : Can I purchase the policy in my Child’s name?

Yes, you can be a proposer and buy this plan in the name of your spouse/children, subject to fulfillment of the eligibility conditions mentioned in the Sales Brochure.

What are the hidden charges in the premium?

There are no hidden charges in this plan. Please refer to the Product Brochure for details of the various charges applicable under this policy.

What are the premium paying frequencies available under this plan?

You can select to pay your premiums annually or monthly. You also have the option to pay your premiums in one lump-sum under the single pay option.

What are the documents required to apply for a claim?

The Company would seek the following primary documents in support of a claim to enable processing of the claim intimated by the nominee under the Policy: I. Original Policy Document II. Death Certificate issued by the local authority III. Certificate of the Doctor / Medical Officer certifying the cause of death IV. Claimant’s Statement V. The Company is entitled to call for additional documents or information for processing of the claim depending on the cause of claim.

Can I or my nominee place requests for change in premium re-direction, fund switch etc.?

Only you (the Policy owner) can request for any of the above changes in your policy.

How long do I need to pay premiums under this Policy?

This plan provides you with the choice to decide on the duration for which you would want to pay the Policy premiums. The Premium Payment Term options available depend on the Plan’s Benefit Option selected by you: Benefit Option 1: Single Pay / 5 years / 7 years / 10 years / 15 years / Equal to Policy Term Benefit Option 2: 10 years / 15 years / Equal to Policy Term

Where does a nominee apply for a claim?

Claim may be intimated directly to the company’s registered address or any of the branch offices in writing to initiate processing.

When can I place a request for free look?

In case you are not satisfied with the Terms and Conditions, you can request for free look cancelation within 30 days from the date you receive the policy documents.

What will I get at the end of the Policy Term (Maturity)

You will receive the total Fund Value of your Policy at the end of the Policy Term.

How soon does a claim get settled?

Our objective is to settle claims as early as possible and you would be glad to know that after receiving the necessary documents we take not more than 6 working days to settle a claim.

Can I change the due date of my Policy?

The due date of the Policy remains unchanged throughout the Policy Term.

What happens if I surrender the Policy?

To get the maximum benefit from this Policy, we encourage you to continue your Policy for the complete Policy Term. However, in case you still want to surrender your Policy, you can do so at any time during the Policy Term. However, in case of surrender during the first 5 Policy Years, the Surrender Value will be paid after the completion of first 5 policy years. Surrender value = Fund Value minus (-) the discontinuance charge of the year in which the premium payment is discontinued.

How do I ensure a hassle-free claim experience for my dependents?

Following are the points that need to be kept in mind to ensure a hassle-free claim experience: I. Double-check details with regard to your nominee. II. Ensure that your nominee knows the details of your policy such as sum assured, policy term. III. Also keep your policy bond in a safe place and ensure that your nominee knows where the original policy bond is stored. IV. Pay your premiums regularly so that Policy is in force.

What is a ULIP?

A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that unlike a pure insurance policy gives investors the benefits of both insurance and investment under a single integrated plan.

When will I get my policy kit?

You will get your policy kit within 10 days of the policy issuance.

How many investment funds are available under this plan?

Aegon Life iMaximize Insurance Plan offers 6 fund options: Blue Chip Equity Fund: This Fund aims to provide long-term capital appreciation by investing in a diversified equity portfolio that consists of predominantly large cap companies with strong financials, quality management and market leadership. Accelerator Fund : This fund will invest in equities of various sectors to diversify the portfolio and generate attractive returns in the long term. It also has the flexibility to invest in fixed interest assets and money market instruments up to 20% each. Opportunity Fund : This fund will aim to provide a long term wealth generation by actively managing a diversified equity portfolio, predominantly comprising of stocks with market capitalization between INR 5,000 crore to INR 15,000 crore. The fund will also have the flexibility to invest in fixed interest assets and money market instruments up to 20%. Stable Fund : This fund will aim to maintain a balance between equity and debt exposure to have a stable and attractive long term return. It will also shift allocation between debt and equity to gain from asset price movements over medium to long term. Debt Fund: This fund will aim to generate attractive investment income by investing in a diversified portfolio of government debt, corporate debt and money market instrument of varying maturities. Secure Fund: This fund will aim to invest in a diversified portfolio of debt and money market instrument of short to medium term maturities. The main objective will be to generate attractive investment income while providing the security of very low volatility risk since asset durations would be reasonably small.

What is my Policy Number?

The quote number for which you have made the payment is your Policy Number.

Why should I buy a ULIP?

Most insurers offer a wide range of funds to suit one’s insurance and investment objectives, risk profile and time horizons. Different funds have different risk profiles. The potential for returns also varies from fund to fund.

Can I revive the Policy once lapsed?

Yes, you can revive your lapsed Policy within the Revival period of 2 years. Revival will be subject to payment in full of an amount equal to all the Policy Premiums due but unpaid till the Effective Date of Revival.

Do I have the option to change my fund choice during the Policy Term?

Yes, you can change your fund selection at any time during the Policy Term using the features of Switch and Premium Re-direction available with this plan. 1. Switch - This feature helps you shift your investments from one fund to another. 2. Premium Re-direction - This feature allows you to alter the premium allocation to be applied to your future premiums and Top-Ups.

Do I need to undergo medicals for iMaximize policy?

The medicals are based on the Age, the Sum Assured and the Death Benefit option chosen.

BROCHURE / PRODUCT DETAILS

Contact Us

Disclaimer

Product Name: Aegon Life iMaximize Insurance Plan UIN 138L030V04 This illustration is indicative only and should be read in conjunction with the benefit illustration. The non-guaranteed projected investment returns of 4% and 8% are not guaranteed and are for illustration purpose only. Total Charges include policy administration charge, base mortality charge,#Additional Savings Benefit charge, #Income Benefit charge and fund management charge. #Additional Savings Benefit charge and #Income Benefit charge applicable only if Death Benefit Option 2 is opted. If your policy is discontinued any time during the first five policy years, discontinuance value will only be payable after completion of five policy years. The past performance of any of the unit linked segregated funds is not necessarily an indicative of the future performance of any of these segregated funds. The mortality charges are subject to underwriting of the proposal, and may increase before the acceptance of the risk. Service tax, Education cess and any other taxes announced by the government of any other statutory body in future would be levied as per the applicable tax laws. Unit linked Life Insurance products are different from the traditional insurance products and as such, are subject to risk factors. The premium paid in unit linked life insurance policies are subject to investment risks associated with capital markets and the NAV's of the units may go up or down based on the performance of fund and factors influencing the capital market and the policy holder is responsible for his/ her decisions. Aegon Life Insurance is only the name of the Insurance Company and Aegon Life iMaximize Insurance Plan is only the name of the unit linked life insurance contract and it does not in any way indicate the quality of the contract, its future prospects and returns. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges, from policy document of the insurer. This is a nonparticipating unit linked plan and we do not offer policy loan in this plan. Segregated Fund Identification Number (SFIN): Blue Chip Equity Fund ULIF01511/02/14BLUECHIPEQ0138, Accelerator Fund ULIF01203/09/10ACCELERATE0138 Opportunity Fund ULIP01627/06/16OPPORTUN0138) Stable Fund ULIF01303/09/10STABLE0138 Secure Fund ULIF00505/07/08SF0138, Debt Fund ULIF00405/07/08DB0138.

General GeneralGeneral

What is a T-PIN ID?

T-PIN stands for Telephone Personal Identification Number. It is a password consisting of a 4-digit number unique for your policies with us. The same has to be used along-with the policy number for giving policy servicing request over the phone.

It also enables you to access your policy details over our Interactive Voice Response (IVR) system.

For security reasons your T-PIN will be sent to your mailing address separately, post your policy issuance. Incase, you have not receive the T-PIN then please contact our customer service toll free number 1800-209-9090 between 9:00 am to 7:00 pm (Monday to Saturday), and our service executive will assist you for issuance of a new T-PIN.

How can I give request for availing fund switch option on my ULIP policy?
  • For us to process your Fund switch request on the same day, remember to inform us before 3.00 pm. Requests received after 3.00 pm will be processed the next day.
  • For Fund switch requests that you send on Friday remember to inform us before 3.00 pm and they will be executed on the same day. However, if you are unable to do so your request will be processed on Monday.
  • There are three simple options to execute the Fund switch request

Option 1 - Endorsement form submission:

  • For a Fund switch request, you need to submit an endorsement form signed by the policyholder at the nearest ALI branch.
  • Click here to access the fund switch endorsement form, available under option Service Requests through Form Submission.
  • You need to fill the complete details, i.e. From (Old fund) Fund Name, To (New) Fund name, percentage (%) to be allocated to the new fund.
  • Based on the fund switch request, current funds will be allocated to the new fund opted by you.

Option 2 - Customer portal:

  • Log on to the customer portal with your user name and password. Select the Fund switch option to execute the fund switch request online.
  • Enter the percentage (%) to be removed from old fund and percentage (%) to be allocated to new fund through the customer portal.
  • Next day, you will be able to view the new fund allocation online.

Option 3 - Call our Toll free number:

  • Instantly process your fund switch request through your phone, by calling us on our customer service toll free number 1800-209-9090 using your policy number and the T-PIN issued to you.
How can I request for re-directing my future premium on my ULIP policy?
  • You have two options to request for premium redirection:

Option 1 - Endorsement form submission:

  • For premium redirection request, you need to submit an endorsement form signed by the policyholder at the nearest ALI branch.
  • Click here to access the premium redirection endorsement form, available under option Service Requests through Form Submission.
  • You need to fill the complete details like - Fund Name and the percentage (%) to be allocated to new fund.
  • Based on your premium redirection request, future premiums will be allocated to the new fund opted by you.

Option 2 - Call our Toll free number:

  • Instantly process your premium re-direction over phone, by calling us on our customer service toll free number 1800-209-9090 using your policy number and the T-PIN issued to you.
How can I add/remove a rider in my policy?

For addition of rider, we request you to kindly submit a written request letter/endorsement form duly signed by the policyholder at your nearest branch.

For Deletion of rider, we request you to please call us on our customer service toll free number 1800-209-9090 between 9:00 am to 7:00 pm (Monday to Saturday). Using policy number & T-PIN issued to you, you can instruct us over the phone for deletion of rider from your policy.

How can I apply for duplicate policy documents?

We request you to kindly submit a written request letter/endorsement form duly signed by the policyholder at your nearest branch along with an indemnity bond on Rs 200/- stamp paper.

How can I increase the Sum assured in policy?

We request you to kindly submit a duly signed written request letter/endorsement form by the policyholder at your nearest branch along-with your original policy documents.

How can I avail ECS Facility?

To apply for an ECS facility with us, you need to submit:

  • A duly filled ECS form Click here
  • A cancelled cheque (refer image)

Pay the current due amount, if any. For ECS addition for Monthly cases 2 advance premiums required along with the ECS form. For ECS addition for any other mode of payment 1 advance premium required if the next due date in within next 30 days along with the ECS form.

 

It helps us record the MICR code of your bank

You can submit it :

Aegon Life Insurance Company Limited,
Building No. 3, Third Floor, Unit No. 1,Nesco IT Park, Western Express Highway,
Goregaon (East), Mumbai- 400063
Tel: +91 2261180100 | Fax: 02261180200/300
E-mail: customer.care@aegonlife.com
Website : www.aegonlife.com
Corporate Identity No. : U 66010MH2007PLC169110

  • to any of our branch offices.
  • mail it to our corporate address:
  • hand it over to your sales representative
What are the various mode/channel available for submitting policy?

ustomer Servicing TransactionsWhen can I instructWhen will the new instruction be effective

Communication/Mailing Address ChangePost policy issuanceIt will be effective on the same day of receipt of transaction request

Addition/Deletion of Nomination for Major 
(Above 18 years)Post policy issuanceEffective on the same day of receipt of transaction request

Change in Premium payment frequencyPost policy issuanceIt will be effective from the next policy anniversary

Fund Switch 
(Applicable only for ULIP Policies)Post policy issuanceIt will be effective as per the ULIP guidelines guidelines laid down by IRDA

Premium Re-direction
(Applicable only for ULIP Policies)Post policy issuanceIt will be effective from the next premium due date

Auto Rebalancing
(Addition/Deletion)Post policy issuanceIt will be effective from the next policy anniversary

Invest-protect Option
(Addition/Deletion)Post policy issuanceIt will be effective from the next policy anniversary

Deletion of RiderPost policy issuanceIt will be effective from Premium Due Date (except for Term Rider)

How can I change the nomination details in my policy?
  • You have a choice to select from two ways to instruct nominee change/addition:

Option 1 - Endorsement form submission:

  • For addition or change in nomination, you need to submit an endorsement form, signed by the policyholder, at the nearest ALI branch or the registered Head Office.
  • Click here to access the nomination form available under the option of Service Requests through Form Submission.
  • Fill the complete nomination details like name of nominee, relationship with the life assured, percentage (%) of nomination, nominee’s date of birth, nominee’s communication address.
  • In case of an addition of a minor nominee (below 18 years), you need to update the appointee details in the endorsement form.

Option 2 - Call our Toll free number:

  • Instantly process the change of nomination for your policy, through your phone, by calling us on our customer service toll-free number 1800-209-9090 using your policy number and the T-PIN issued to you.

iMax iMaxiMaximize

What is the difference between buying a ULIP Online vs. Offline?

It has been Aegon Life’s constant endeavor to design customer centric offerings. iMaximize is one such online solution which has been designed to maximize the customer benefits. Since this plan comes with zero allocation charge, 100% of your premium is invested in the chosen fund, thus leading to a better value for the customer.

I have received my policy document. For further assistance please let me know whom do I contact?

You can contact us on our toll free no 1800-209-9090 or you can write to us at customer.care@aegonlife.com.

How many free switches are allowed during the Policy Year?

This plan offers four free switches every policy year.

Can I change my premium frequency from monthly/annual to single or vice-versa?

No, change in premium payment frequency from monthly/annual to single pay, or vice versa is not possible.

Is it safe to make payments online?

Aegon Life ensures that every transaction you conduct online is in a safe and secure environment. To achieve this, our site is protected by Secured Socket Layer (SSL) technology by VeriSign, the leaders in encryption technology. The process of encryption takes your credit card information and converts it into bits of code that are securely transmitted over the Internet. This scrambled data cannot be read as the information travels over the Internet. Aegon Life doesn’t store any Credit/Debit card, Internet banking related information provided by the customer.

Can I pay additional premium into this plan?

Yes, this plan has a Top-Up facility to help you boost your Fund Value by paying additional premiums as per your convenience. The minimum Top-Up amount is ₹5000 and you can Top-Up anytime except in the last 5 Policy Years.

Do I require to submit income evidence?

If the cumulative premium is ₹1 lakh and above, the income proof will be required. Also it is important from financial underwriting point of view.

What is Aegon Life iMaximize Insurance Plan?

Aegon Life iMaximize Insurance Plan is a Unit Linked Insurance Plan.

Can I avail a loan in this Policy?

No, this plan does not offer loan.

Can I change the Death Benefit option from 1 to 2 or otherwise?

No, Death Benefit option selected by you during Policy purchase will remain same throughout the policy term.

What are the Death Benefit options available under this plan?

There are two Death Benefit options available under this plan. 1 Benefit Option1: Higher of Sum Assured or Fund Value paid 2 Benefit Option2: Sum Assured + Additional Savings Benefit + Income Benefit

Can I withdraw money from my Policy?

Yes, the Partial Withdrawal facility available with this plan gives you the option to withdraw money from your Fund Value after first 5 Policy Years. The maximum amount of Partial Withdrawal allowed in any Policy Year is 20% of the Fund Value at the beginning of that Policy Year. You have the flexibility to make up to four Partial Withdrawals in each policy year free of charge.

What types of deaths are covered?

This Policy covers all types of deaths except death due to suicide during first Policy year or within one year from the date of revival. In case of death by suicide during first Policy year or within one year from the date of revival, only fund value as on the date of death is payable.

What is the difference between Death Benefit Option1 & Death Benefit Option2?

Death benefit Option1: In case of death of the Life Assured, nominee will receive the following: Higher of Sum Assured or Fund Value or 105% of total premiums paid Death benefit Option2: Triple Benefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105% of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit)+Amount equal to the annual premium will be paid every year to the nominee (Income Benefit).

Can I propose the Policy for any one of my family member? Eg : Can I purchase the policy in my Child’s name?

Yes, you can be a proposer and buy this plan in the name of your spouse/children, subject to fulfillment of the eligibility conditions mentioned in the Sales Brochure.

What are the hidden charges in the premium?

There are no hidden charges in this plan. Please refer to the Product Brochure for details of the various charges applicable under this policy.

What are the premium paying frequencies available under this plan?

You can select to pay your premiums annually or monthly. You also have the option to pay your premiums in one lump-sum under the single pay option.

What are the documents required to apply for a claim?

The Company would seek the following primary documents in support of a claim to enable processing of the claim intimated by the nominee under the Policy: I. Original Policy Document II. Death Certificate issued by the local authority III. Certificate of the Doctor / Medical Officer certifying the cause of death IV. Claimant’s Statement V. The Company is entitled to call for additional documents or information for processing of the claim depending on the cause of claim.

Can I or my nominee place requests for change in premium re-direction, fund switch etc.?

Only you (the Policy owner) can request for any of the above changes in your policy.

How long do I need to pay premiums under this Policy?

This plan provides you with the choice to decide on the duration for which you would want to pay the Policy premiums. The Premium Payment Term options available depend on the Plan’s Benefit Option selected by you: Benefit Option 1: Single Pay / 5 years / 7 years / 10 years / 15 years / Equal to Policy Term Benefit Option 2: 10 years / 15 years / Equal to Policy Term

Where does a nominee apply for a claim?

Claim may be intimated directly to the company’s registered address or any of the branch offices in writing to initiate processing.

When can I place a request for free look?

In case you are not satisfied with the Terms and Conditions, you can request for free look cancelation within 30 days from the date you receive the policy documents.

What will I get at the end of the Policy Term (Maturity)

You will receive the total Fund Value of your Policy at the end of the Policy Term.

How soon does a claim get settled?

Our objective is to settle claims as early as possible and you would be glad to know that after receiving the necessary documents we take not more than 6 working days to settle a claim.

Can I change the due date of my Policy?

The due date of the Policy remains unchanged throughout the Policy Term.

What happens if I surrender the Policy?

To get the maximum benefit from this Policy, we encourage you to continue your Policy for the complete Policy Term. However, in case you still want to surrender your Policy, you can do so at any time during the Policy Term. However, in case of surrender during the first 5 Policy Years, the Surrender Value will be paid after the completion of first 5 policy years. Surrender value = Fund Value minus (-) the discontinuance charge of the year in which the premium payment is discontinued.

How do I ensure a hassle-free claim experience for my dependents?

Following are the points that need to be kept in mind to ensure a hassle-free claim experience: I. Double-check details with regard to your nominee. II. Ensure that your nominee knows the details of your policy such as sum assured, policy term. III. Also keep your policy bond in a safe place and ensure that your nominee knows where the original policy bond is stored. IV. Pay your premiums regularly so that Policy is in force.

What is a ULIP?

A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that unlike a pure insurance policy gives investors the benefits of both insurance and investment under a single integrated plan.

When will I get my policy kit?

You will get your policy kit within 10 days of the policy issuance.

How many investment funds are available under this plan?

Aegon Life iMaximize Insurance Plan offers 6 fund options: Blue Chip Equity Fund: This Fund aims to provide long-term capital appreciation by investing in a diversified equity portfolio that consists of predominantly large cap companies with strong financials, quality management and market leadership. Accelerator Fund : This fund will invest in equities of various sectors to diversify the portfolio and generate attractive returns in the long term. It also has the flexibility to invest in fixed interest assets and money market instruments up to 20% each. Opportunity Fund : This fund will aim to provide a long term wealth generation by actively managing a diversified equity portfolio, predominantly comprising of stocks with market capitalization between INR 5,000 crore to INR 15,000 crore. The fund will also have the flexibility to invest in fixed interest assets and money market instruments up to 20%. Stable Fund : This fund will aim to maintain a balance between equity and debt exposure to have a stable and attractive long term return. It will also shift allocation between debt and equity to gain from asset price movements over medium to long term. Debt Fund: This fund will aim to generate attractive investment income by investing in a diversified portfolio of government debt, corporate debt and money market instrument of varying maturities. Secure Fund: This fund will aim to invest in a diversified portfolio of debt and money market instrument of short to medium term maturities. The main objective will be to generate attractive investment income while providing the security of very low volatility risk since asset durations would be reasonably small.

What is my Policy Number?

The quote number for which you have made the payment is your Policy Number.

Why should I buy a ULIP?

Most insurers offer a wide range of funds to suit one’s insurance and investment objectives, risk profile and time horizons. Different funds have different risk profiles. The potential for returns also varies from fund to fund.

Can I revive the Policy once lapsed?

Yes, you can revive your lapsed Policy within the Revival period of 2 years. Revival will be subject to payment in full of an amount equal to all the Policy Premiums due but unpaid till the Effective Date of Revival.

Do I have the option to change my fund choice during the Policy Term?

Yes, you can change your fund selection at any time during the Policy Term using the features of Switch and Premium Re-direction available with this plan. 1. Switch - This feature helps you shift your investments from one fund to another. 2. Premium Re-direction - This feature allows you to alter the premium allocation to be applied to your future premiums and Top-Ups.

Do I need to undergo medicals for iMaximize policy?

The medicals are based on the Age, the Sum Assured and the Death Benefit option chosen.