Aegon Term Insurance Plans
Claim Settlement Ratio | 99.25% |
Customer Care | 9:00 AM to 7:00 PM |
Death Benefit Paid For | 344 Policies |
Inception | 2008 |
Presence | 83 Branches |
Total Death Benefit Paid | Rs. 64.60 Crore |
Term Life Insurance Premium Calculator
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Best Aegon Term Insurance Plans

- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.51%
Zero Cost Benefit
Terminal Illness
Nominee's Choice payout
Voluntary Top Up
Tax Benefits

- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹97.84%
Waiver of Premium on Disability
Terminal Illness
Life Stage Benefit
Tax Benefits

- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
Tax Benefits
Terminal illness
Aegon Life Insurance Company is a joint venture between Times Group and Aegon Group, and started operating in July 2008. It. The insurer provides several term life insurance plans with great features and multiple benefits. Aegon Life Term insurance plans are cost-effective but designed to cater to the diverse range of requirements of policyholders. Aegon Life Insurance featured an impressive claim settlement ratio of 98.01% in the financial year 2019-20.
Aegon Life Term Insurance Plans
Aegon Life Insurance offers various term insurance plans. The details of the plans are as follows:
1. Aegon Life iTerm Prime: Aegon Life iTerm Prime provides coverage for life insurance as well as lump-sum benefits. The minimum entry age of Aegon Life iTerm Prime is 18-65 years and the maturity age is 23-70 years. To enhance the plan benefits even more, you can also include riders such as Accidental Death Benefit rider and Critical Illness Rider.
2. Aegon Life iTerm Comfort: Aegon Life iTerm Comfort provides death benefits to the nominees in case the policyholder meets an unfortunate death. With Aegon, you can buy this plan just by submitting a few documents. You can also save tax of up to Rs. 46,800 with the Aegon Life iTerm Comfort plan. This plan also offers a special exit value which means that once you are 55 years of age, you can make an exit from the plan.
3. Saral Jeevan Bima: Saral Jeevan Bima is one of the best term plans to secure the future of your loved ones in your absence at affordable premiums. There are three payment options available with the Saral Jeevan Bima plan, Single Payment, Regular Pay, and Limited Pay. You can also include riders in the Saral Jeevan Bima plan to further enhance its benefits.
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FAQ About Aegon Term Insurance
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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.
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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.
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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.
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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.
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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.