Bandhan iTerm Term Insurance

Aegon Life iTerm Plan is a non-linked non-participating life insurance plan that comes in three plan options. It is a cost-effective plan that comes with add-on flexibility to choose from different plan options. These are Life Protect, which comes with life stage benefit, Protect plus that comes with auto-increase of cover, and Dual Protect that offers a survival benefit. The base sum assured under this plan is Rs. 25 Lakh. There is no maximum limit for base sum assured, and it is subject to Board Approved Underwriting Policy. Kindly note that there is no maturity benefit applicable under this plan. In case you survive till the date of maturity, then your policy will terminate and you will be paid no additional benefits.

The term for Aegon iTerm plan is subject to minimum and maximum maturity age. The minimum policy term for Life Protect is 5 years for regular pay and single pay, and premium payment term+5 years in limited pay. In Protect Plus, it is 15 years for regular pay, single pay, as well as limited pay. And in Dual Protect, it is 20 years for single pay and limited pay. The maximum term is 82 years. The premium payment frequency that you can choose for the plan is single, annual, half-yearly, or monthly basis. Also, if covered under the plan, you can avail tax benefits as per the prevailing tax laws.