LIC Premium and Maturity Calculator

AEGON iGuarantee Saving Insurance Plan, Policy, Premium and Maturity Calculator

AEGON iGuarantee Saving Insurance Plan, Policy, Premium and Maturity Calculator - If you are looking for an investment plan that guarantees returns, this plan is for you. Aegon Life iGuarantee Insurance Plan ensures you receive what you are promised and at the right time. So, you can achieve your goal, regardless of the situation

Key Features - AEGON iGuarantee Saving Insurance Plan and Policy

  • Increase in benefit amount every year by bonus accrual
  • Choice of Premium Payment Terms to match your fi¬nancial needs.
  • The policy will acquire Guaranteed Surrender Value on payment of first 2 years’ annualized premium.
  • Choice of Premium Payment Terms to match your fi¬nancial needs.

Eligibility Details - AEGON iGuarantee Saving Insurance Plan and Policy

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 12 years 50 years
MATURITY AGE - 56 years last birthday
SUM ASSURED 10 times of Annualized premium
PREMIUM PAYMENT TERM 6 years
POLICY TERM 6 years
PAYMENT MODE Yearly,Monthly

Benefits - AEGON iGuarantee Saving Insurance Plan and Policy

Maturity Benefit - AEGON iGuarantee Saving Insurance Plan and Policy

  • You will get 135% of the annualized premium you have paid every year (excluding tax) at the end of each year, starting at the end of 6th year till the end of 11th year from the date of the commencement of the policy. This benefit is the Maturity Benefit which will be paid over a period of time. This benefit will only be payable if all the premiums are paid till the end of the Policy Term.

Death Benefit - AEGON iGuarantee Saving Insurance Plan and Policy

  • In case of unfortunate demise of the Life Assured during the Policy Term, the nominee will be paid the Sum Assured under the plan and the policy will terminate. The Death Benefit payable will be subject to a minimum of 105% of the total premiums paid as on the date of death. In case of death while the policy is in Paid-up status, the Death Benefit will be the Paid-up Sum Assured which will be paid after acceptance of death claim

Tax benefit - AEGON iGuarantee Saving Insurance Plan and Policy

  • 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 iGuarantee Saving Insurance Plan and Policy

Suicide Benefit

  • 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.