FAQ - AEGON LIFE INSURANCE
AEGON Flexi Money Back Advantage Insurance Plan is a money back life insurance plan with bonus facility. This policy covers you beyond the premium payment term, and in addition to the maturity proceeds, gives income at regular intervals.
Features and benefits:
- Cash back- You stand to receive cash back at regular intervals.
- Loan - You can avail a loan from the fourth policy year for meeting your financial requirements.
- Bonus - A simple reversionary bonus ill be declared by the insurance company as a percentage of the sum assured at the end of every financial year.
- Death benefits- In the event of the passing away of the policyholder, the nominee will receive either higher of ten times of annualized base premium or sum assured with accrued bonus (if any).
- Maturity benefits- If you survive till the end of the policy term, you stand to receive 40% of the sum assured along with the bonuses.
- Premium payment - Premiums can be paid monthly, half yearly or annually.
- The minimum entry age is 7 years.
- The maximum entry age in case of a policy term of 14 years is 60 years (age), 17 years is 58 years (age) and 21 years is 54 years (age).
- The maximum maturity age is 75 years.
- The minimum sum assured is ₹1L.