AEGON Insta Pension Retirement Plan, Policy, Premium and Maturity Calculator
AEGON Insta Pension Retirement Plan, Policy, Premium and Maturity Calculator - This is a non-linked, non-participating single premium immediate annuity plan. It pays the policy holder a continuous income, post retirement, for the rest of their life. So that they maintain their current lifestyle even after retirement and live the way they always have – without compromise.
Key Features - AEGON Insta Pension Retirement Insurance Plan and Policy
- Choose any one of the two available annuity payout options.
- The policy holder can decide the amount of premium (lump sum amount) they want to pay to purchase the Annuity Plan.
- As soon as you purchase an annuity plan, you start getting a regular income in the form of an annuity.
Eligibility Details - AEGON Insta Pension Retirement Insurance Plan and Policy
| PARAMETER | MINIMUM | MAXIMUM |
| ENTRY AGE | 50 years | 75 years |
| PREMIUM AMOUNT | Rs.1,00,000 | No limit |
| POLICY TERM | 10 years | |
Benefits - AEGON Insta Pension Retirement Insurance Plan and Policy
Lifetime Income - AEGON Insta Pension Retirement Insurance Plan and Policy
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Depending on the annuity payout option that you choose, the Aegon Life Insta Pension Plan provides you and your spouse an income for life.
Annuity Payout Options - AEGON Insta Pension Retirement Insurance Plan and Policy
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You have the choice to select from any of the following Annuity Payout Options.
1) Life Annuity - If you choose the Life Annuity option, you will receive your annuity payment at a constant rate for as long as you live.
2) Joint Life Annuity - In this option, an annuity is paid to you at a constant rate for your entire life. In case of your unfortunate demise, the annuity payment will continue to be paid to your spouse, till the spouse is alive
Tax benefit - AEGON Insta Pension Retirement Insurance Plan and Policy
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The Premium(s) paid by you are eligible for tax benefit available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable.
Exclusion - AEGON Insta Pension Retirement Insurance Plan and Policy
Suicide Benefit - AEGON Insta Pension Retirement Insurance Plan and Policy
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In case of death of the Life Assured due to suicide within 12 months from the date of commencement of risk or from the date of revival of the policy, the nominee or beneficiary shall be entitled to the Fund Value, as available on the date of death. Any charges recovered subsequent to the date of death of the Life Assured shall be paid-back to the nominee or beneficiary along with the death benefit.