What is Aegon Life Insurance Policy?
The Aegon Life Insurance Policy is offered by the Aegon Life Insurance Company. It started its operation in the year 2008 and since then, the company has emerged as a strong player in the field of insurance. At present, the company enjoys a good amount of share in the market and has also launched different types of products related to life insurance.
The Company has a wide variety of insurance plans for the customers and the customers can choose any plan which suits their needs and requirements. These plans also provide the features of savings, wealth appreciation, protection, retirement planning and security of the future of the child. The features of each and every plan are the best and unique. The premium rate of the policy is competitive in the market.
The different types of plans that are offered by the company are: –
- Health Insurance
- ULIPs
- Term Insurance
- Child Plan
- Saving Plan
- Group Insurance Plans
- Rural Plan.
Different Plans Offered By the Aegon Life Insurance Policy: –
| Aegon Life Insurance Policy | Type of Plan | Age of Entry | Age of Maturity | Assured Sum | Term of Policy |
| iTerm Insurance Plans | Term Insurance | 18- 65 years | 75 years | Rs. 10,00,000 | 5- 40 years |
| Easy Protect Insurance Plans | Term Insurance | 20- 50 years | 60 years | Rs. 12,00,000 | 10 years |
| Term Insurance Plans | Term Insurance | 20- 65 years | 75 years | Rs. 10,00,000 | 5, 10, 15, 20, 25, 30, 35, 30 and 75 years |
| iReturn Insurance Plans | Term Insurance | 18- 65 years | 75 years | Rs. 30,00,000 | 5, 10, 15, 20 years |
| Future Protect Insurance Plan | ULIP | 7- 50 years | 65 years | 7 times the premium | 5, 10, 15, 20, 25, 30, 35 years |
| Rising Star Insurance Plan | ULIP | 18- 48 years | 65 years | 10 times the premium | 25 years |
How to Claim Your Insurance Through Aegon Life Insurance Policy:
The Aegon Life Insurance Policy or any other policy is taken as a way to secure one’s self in any unfortunate event. If such an event happens, the dependants or nominees of the policyholder can claim and therefore, can receive compensation according to the terms and conditions as prescribed in the policy.
You can easily file a claim in a few steps as the whole process is hassle-free and convenient at the same time. Following are the steps in which you can claim your insurance through Aegon Life Insurance Policy: –
- Claim Intimation: – The very first step when filing a claim is to notify the Insurance Company. A filled-in claim form and the relevant documents are also required. There is a wide range of claim forms according to the manner of the claims being filed: –
- Natural or accidental death claim form.
- Critical illness or Women’s critical illness claim form.
- Accidental disability claim form.
- Terminal illness claim form.
You have to submit the relevant claim form and have to submit it to any branch of Aegon Life Insurance Policy with the relevant documents such as death certificate, physician certificate and hospital certificate.
- Payment of Fund Value: – The step of payment of fund value only applies for the death claims. After receiving the relevant documents, the fund value of the policy will be paid to the beneficiaries of the same.
- Settlement Payout: – After following the above steps, the verification of the documents gets started. When the documents are verified, any other riders or clauses attached are also examined. If all the documents are found correct and in order, the settlement is released in favour of the beneficiaries of the policy. The settlement is then, released through NEFT (National Electronic Funds Transfer) to the beneficiaries of the policy.
What Are The Documents Required For Applying For Aegon Life Insurance Policy?
When you are buying a life insurance policy, there is a required list of documents that you have to submit with the application form. These documents are required in order to establish the identity and address of the policyholder for the purpose of verification and settlement purposes.
Following are the documents that you need to submit with your application form: –
- Passport size photograph.
- Residential Proof.
- Bank account statement.
- Receipt of property tax.
- Utility bills that are not more than two months old such as electricity bills.
- Letter of allotment from State or Central government.
- Rent agreement.
- Identity Proof such as – Passport, PAN card, Voter’s identity card, Driving license, Job card issued by NREGA, signed by a State Government officer, Aadhaar card.
FAQs About Aegon Life Insurance Policy
✅ Is it possible to increase the assured sum in the Aegon Life insurance policy?
Yes, you can increase the assured sum by submitting a duly signed request for the same.
✅ Can I remove or add a rider from the policy?
Yes, you can easily add or remove riders. In order to add a rider to the policy, you have to submit a duly signed request letter for the same and to remove a rider, you have to call their hotline.
✅ What is a T-PIN ID?
It is a 4 digit number assigned to a policyholder in addition to the policy number and it must be used while giving policy service requests over the IVR system.
✅ How can I switch funds in my ULIP policy?
You can either:
- Submit a requisition form.
- Use the customer portal.
- Call the company.