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Aegon Life Insurance Expands Online Business

Author: Anumeha Singh
by Anumeha Singh
Posted: Oct 20, 2016

In the year 2015, AEGON Life Insurance has marked its footprint over the internet with the launch of two new online insurance plans. With the launch of two plans AEGON Life Insurance has expand its online business. These plans are launched for its online platform. The two plans launched by AEGON Life Insurance last include:

  • AEGON iMaximize Insurance Plan – It is a unit linked protection plan that can be purchased with single premiums payment or regular premium payment
  • AEGON iReturn Insurance Plan – This is a new term plan

Since both these plans are made available through its online platform, customers are required to purchase them exclusively online by visiting the online platform of AEGON Life Insurance NDASH.

Online sphere has proved to be a boon for the insurance sector as more customers are now turning their head towards internet technology for more information and to make wise purchasing decisions. This is the reason why AEGON Life Insurance has decided to expand its horizon over this online space with the launch of their new products for new age customers.

Key Features of AEGON iMaximum Insurance Plan

  • It provides 0% allocation charges, thus 100% of the premium is invested. Charges that may apply are fund management charges, mortality charges and policy administration charges
  • Three different investment fund options are offered including Debt Fund, Secure Funds and Blue Clip Equity Fund
  • It provides you to choose from different policy term, premium payment mode whether regular or limited, depending upon your needs
  • Liquidity is offered in a way of partially withdrawing from fund value after 5 years of the policy
  • Benefits received and premium paid are eligible for tax benefits under Section 80C and 10 (10D) of income tax act 1961.

AEGON iReturn Insurance Plan

AEGON iReturn Plan is a return of premium term policy that comes with built-in terminal illness benefit and provides very competitive premium rates. Under this plan, the insured receives term protection with survival benefit which is basically the return of 100% of the premium.

Highlights of AEGON iReturn Plan

  • Life coverage is offered that will pay a lump sum upon death of insured or at the termination of the policy term on survival of the insured. All the premiums paid will be returned.
  • It provides built-in terminal illness benefit under which the insured receives 25% of the basic policy sum assured if the insured is diagnosed with terminal illness. The future premiums are also waived off by company
  • The policy also offer additional coverage by providing multiple riders like AEGON Critical Illness Rider, AEGON Accidental Death Rider, AEGON Woman Critical Illness Rider and AEGON Waiver of Premium Rider
  • All benefits received and premiums paid are tax free under Section 80C and Section 10(10D) of Income Tax Act 1961

AEGON iMaximum Insurance Plan

AEGON iMaximum Insurance Plan is the market linked ULIP Plan that comes with 0% premium allocation charges. This insurance scheme offers triple benefits to the insured and pays lump sum to the nominee of the policy upon death of the policyholder along with annual income benefit for the tenure of the policy and also the remaining premiums are paid off by the company to ensure that the corpus creation is not hampered after insured’s death. This insurance policy by AEGON Life Insurance specifically designed for parents that are looking for best insurance plans to protect the future of their child.

About the Author

Hi, i am Anumeha Singh. A Bloger and A Insurance adviser for Life Insurance, Term Insurance, Child Insurance, Investment Plans and Tax Saving.

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Author: Anumeha Singh

Anumeha Singh

Member since: May 17, 2016
Published articles: 11

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