Aegon Term Insurance

23 reviews Rate This
Highlights
Claim Settlement Ratio98.01%
Customer Care9:00 AM to 7:00 PM
Death Benefit Paid For344 Policies
Inception2008
Presence83 Branches
Total Death Benefit PaidRs. 64.60 Crore

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

Term Life Insurance Premium Calculator

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Disclaimer :
1. Premium has been calculated for coverage till 70 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 Get Quotes Now

Aegon Term Insurance User Reviews

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What users are saying
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  • Informative website

    InsuranceDekho’s website helped me conduct a thorough research before purchasing a term insurance plan. ...

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    R
    Aegon
    By Raghavan Thakur
    On: Oct 06, 2021
  • Minimum paper-work

    While I purchased the Aegon Life iTerm plan from InsuranceDekho, minimum paper-work is required. I uploaded th...

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    U
    Aegon
    By Upasna Gola
    On: Sep 28, 2021
  • Dedicated customer service

    I had several doubts before purchasing the Aegon iTerm plan. I contacted the helpdesk of InsuranceDekho to cle...

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    P
    Aegon
    By Pratham Lamba
    On: Sep 23, 2021
  • Hassle-free policy issuance

    I purchased the Aegon i-Term plan from InsuranceDekho. Firstly, there was no paperwork required and secondly t...

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    H
    Aegon
    By Harrpreet Malik
    On: Sep 15, 2021
  • Smooth payment

    Paying a premium for Aegon iTerm plan through the online payment portal of InsuranceDekho has been really smoo...

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    M
    Aegon
    By Megha Kapoor
    On: Sep 14, 2021

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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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.

Aegon Term Insurance Contact Details

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