Insurance Type : Term Insurance   Availability : Online only
Underwritten by : Aegon   Distributed by : bimadirect.com

Aegon Life's ‘i-term’

(UIN 138N016V03)

About Product:

Aegon Life’s i-term is a pure term plan which provides financial security to the family of Insured in case of early death of the Life Insured. This plan can be bought by Indian citizens (only resident) in the age group of 18 to 65 yrs and they can stay insured under this plan for a maximum policy term of 57 yrs or till the Insured turns 75 yrs of age (whichever is earlier). Both natural and accidental fatality is covered under i-term. The Life coverage also extends to situations like terrorist attack, plane hijack, natural calamity, etc. A differentiating feature of this product is an inbuilt terminal illness benefit that gives 25% of SA to the Insured in advance on being diagnosed with a life threatening illness while the balance SA is given to the nominee(s) after death of the Insured. The advance amount can be utilized to take care of recurring medical expenses on Insured’s health. This product can be bought online from www.bimadirect.com.

Riders: - For enhanced coverage, one can also add upto 4 riders (Accidental Death rider, Waiver of Premium on Critical Illness rider, Critical Illness for Women rider and a Comprehensive Critical Illness rider) to the base term plan.

Key exclusion: Sum Assured is not paid if the Insured commits suicide within 1 yr of buying a fresh policy or within 1 yr of reinstating a lapsed policy.

Know more about your Insurance

Key features: Eligibility, Benefits and Pricing

Minimum Age at Entry : 18 years
Maximum Age at Entry : 65 years
Maximum Age at Renewal : 75 years
Minimum Sum Assured : Rs 10 lacs
Maximum Sum Assured : No limit
 
Minimum Policy Term : 5 years
Maximum Policy Term : 57 years
Premium Pay Term : = policy term
Premium Payment Frequency : Single/Yearly
Survival Benefits : NA


Premium for a Non-Smoker/Healthy Life (Incl of S.Tax)   (INR)

   25 yr old male   35 yr old male   45 yr old male 
Term  SA
10 lacs
SA
25 lacs
SA
50 lacs
SA
1 Cr
SA
10 lacs
SA
25 lacs
SA
50 lacs
SA
1 Cr
SA
10 lacs
SA
25 lacs
SA
50 lacs
SA
1 Cr
10 yrs 1472 2556 3989 6966 1764 3174 5000 9101 3303 6320 10169 19323
15 yrs 1472 2556 3989 6966 1899 3427 5169 9438 3685 7275 10843 20787
20 yrs 1472 2556 3989 6966 2056 3933 5449 10000 4045 8483 11292 21685
25 yrs 1517 2697 4045 7079 2202 4298 5787 10674 4371 9523 11910 22809


How to ensure a smooth & hassle-free claim experience?

  1. Fill your proposal form very carefully to ensure accuracy & correctness of all relevant information like Name, DOB, Health status, policy details, contact information, nominee details, etc. Also cross-check the policy document for accuracy & correctness of the information provided. Immediately approach the Insurer, should you find any discrepancy in the data.

  2. Disclose all material facts clearly and be truthful about your health and lifestyle attributes (tobacco/alcohol consumption) related information. An affirmative declaration doesn’t mean that your policy will be rejected.

  3. Ensure that your nominee is well-informed about the status of your policy. Keep the policy documents in a safe location and ensure that your nominee knows where the policy bond is stored.

  4. Pay your premiums regularly & in time to keep your policy in force. Follow simple procedures like setting premium due date reminders for yourself by registering with www.bimadirect.com and give your loved ones a stress-free future.

  5. Intimate your Insurer about death & register your claim. Submit duly completed claim forms and other documents at the nearest Aegon Life Branch office or at the Insurer’s Head office in Mumbai. For any claim assistance, please get in touch with the Insurer at 1800 209 9090. You can also write to them at customer.care@aegonlife.com

Some key statistics for Aegon Life

ITEM   NUMBER
Claims Settlement Ratio : 81%
Claims Rejection Ratio : TBA
Complaints Resolution Ratio : TBA


How to decide your ideal Life cover?

Your insurance cover should be enough to provide for your family/dependants’ monthly expenses without upsetting any of their lifestyle related needs.

Make sure you are choosing enough Insurance coverage so as to cover all your outstanding liabilities/debt, etc in absence of your earning hand.

Your insurance cover should be able to provide for & meet with all the foreseeable future needs.

Disclaimer: This is only an illustrative document to serve as a quick guide for aide in decision making. For line item details please refer the product brochure.


IRDAI License
Coretree Insurance Brokers (India) Pvt. Ltd.
IRDAI License Number - 437
Category: Direct (Life & General)
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