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Aegon Term Insurance

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Aegon Term Insurance
Claim Settlement Ratio99.25%
Customer Care9:00 AM to 7:00 PM
Death Benefit Paid For344 Policies
Presence83 Branches
Total Death Benefit PaidRs. 64.60 Crore

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Aegon Term Insurance Plan List

    Name of PlanSum Assured
    iTerm Insurance Plan20 lac - 10 cr Check Premium

    About Aegon Term Insurance

    Aegon Life Insurance is a joint venture between Times Group and Aegon Group, and started its operations in July 2008. The insurer offers multiple term life insurance products with great benefits and features. Aegon Life Term insurance plans are affordable and cater to the different needs of the customer. Aegon Life Insurance featured a claim settlement ratio of 98.01% in the FY 2019-2020, which depicts the ability of the insurance company to settle the claim.

    Aegon Life Term Insurance Plans

    Aegon Life Insurance offers several term insurance plans which are listed below:

    1. Aegon Life Saral Jeevan Bima
    2. Aegon Life iTerm Insurance Plan
    3. Aegon Life Rural Term Insurance Plan
    4. Aegon Life Group Term Plus Insurance Plan
    5. Aegon Life Group Credit Shield Insurance Plan

    Popularly Opted Term Insurance Sum Assured

    Aegon Term Insurance User Reviews

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    What users are saying
    • All
    • With the Aegon Term Insurance Policy, long-term financial planning has become simple and straightforward. I ap...

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      By Ajeet Meher
      On: May 29, 2023
    • I've had my Aegon Term Insurance Policy for a few years now, and I couldn't be happier with my decision. The p...

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      By Poonam Thakur
      On: May 25, 2023
    • The InsuranceDekho website's customer service is outstanding. I purchased the Aegon Term Insurance Policy from...

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      By Bhavna Maurya
      On: May 18, 2023
    • I enjoyed a 100% digital experience when I was buying the Aegon Term Insurance Policy from InsuranceDekho. As ...

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      By Uma Thakkar
      On: May 16, 2023
    • I wanted to buy a life insurance plan but my budget was limited. But, on the InsuranceDekho website, I was abl...

      Read More
      By Shailesh Misra
      On: May 09, 2023

    Claim Process at Aegon Term Insurance

    • 1

      Claim Intimation

      In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
    • 2

      Submission of Documents

      Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
    • 3

      Claim Evaluation

      Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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    Why to Buy Term Insurance Policy Online from InsuranceDekho

    • Tax benefit upto 1,50,000*
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    • 50 Lacs+ happy customers

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    FAQ About Aegon Term Insurance

    • What will I get if my Aegon Life Term Insurance policy matures?

      Aegon Life Term plan does not have a maturity benefit. The benefits will be paid out to the policyholder family in case of his/her death or to the policyholder in case if he/she is diagnosed with a terminal illness. If the policyholder chooses the critical illness benefit, the benefits would be paid out to the policyholder if he/she is diagnosed with any of the listed 36 critical illnesses.

    • Can I make changes to my Aegon term policy after I buy it?

      No, policy terms and the premium amount cannot be changed once the policy is bought.

    • Are terrorist attacks covered under the Aegon life term insurance policy?

      Yes, death due to terrorist attacks is covered under the Aegon term plan. The death benefit can be claimed by the policyholder nominee or the legal heir. 

    • How much life cover should I select when I buy an Aegon term plan?

      Your ideal life cover amount should depend upon your financial situation. Income and Liabilities should be taken into consideration. The basic rule to select your life cover is:

      • At age 30 years, life cover should be 20 times your annual income.
      • At age 40 years, life cover should be at 15 times your annual income.
      • At age 50, your life cover should be 10 times your annual income.
    • What is Critical Illness Cover?

      Critical illness cover is an additional benefit rider available with Aegon term plan which will provide the policyholder with a lump sum payout if diagnosed with listed 36 critical illnesses. There are no restrictions on hospitals or against any expenses incurred.

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