AEGON Life Easy Protect Insurance Plan

AEGON Life Easy Protect Insurance Plan is a term insurance plan where the death benefit is not paid as a lump sum benefit but paid in monthly installments so that the income needs of the family are met in the event of an unfortunate death of the policyholder.

• In this plan, there is a Regular Premium Paying options.
• On death of the policyholder, Rs. 10,000 is paid every month for 10 years subject to a minimum of 105% of all premiums paid.
• Being a pure term plan, there is no maturity benefit in this plan.

In case of death of the life assured Rs.10,000 will be paid per month for a period of 10yrs starting from the next monthly anniversary following the date of death and acceptance of claim.

• Maturity Benefit:- Policy terminates without any benefit on survival till maturity or on surrender of the policy.
• Death Benefit:- 

1. In case of death of the life assured Rs.10,000 will be paid per month for a period of 10 years starting from the next monthly anniversary following the date of death and acceptance of claim.
2. Company from time to time but will not exceed yield to maturity on 10 year G-Sec plus 3% per annum subject to maximum of 10% p.a.
3. With the commencement of monthly payout benefit, the option of taking the present value will not be available.

• Discontinuance of Premium:- 

1. If the premiums are not paid till the expiry of the grace period, the policy lapses with all the benefits.
2. The Nominee can be changed by You at any time during the term of the Policy and any such change will vacate any earlier nomination.
3. The Company does not express any opinion on the validity or legality of the assignment or nomination.

• Reinstatement:- 

1. Satisfactory evidence of insurability of the Life Assured.
2. Payment made in full of an amount equal to all the Policy Premiums due but unpaid till the Effective Date of reinstatement.
3. If the policyholder fails to reinstate a Policy within the two year period from the date of first unpaid premium.

Not Available

If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of reinstatement of the Policy, the Policy shall be void and the Company will only be liable to pay the higher of 80% of premiums paid or the surrender value.

Tax Benefits - AEGON Life Easy Protect Insurance Plan

Tax Benefits will be as per Section 80C & Section 10(10D) of the Income Tax Act, 1961.

Know Claim Process of AEGON Life Easy Protect Insurance Plan

Claim Process

AEGON Life Insurance Company Limited (formerly AEGON Religare Life Insurance Company Limited) launched its pan-India operations in July 2008. AEGON, is an International financial service organization, dealing into Life Insurance, Pensions & Asset Management products, whereas, Bennett, Coleman & Company is India's leading media conglomerate. They have ventured together to launch AEGON Life Insurance Company Ltd.