AEGON Easy Protect Term Insurance Plan, Policy, Premium and Maturity Calculator

AEGON Religare iTerm Insurance Plan, Policy, Premium and Maturity Calculator - Aegon Life Easy Protect Insurance Plan is a term insurance plan where the death benefit is not paid in a lumpsum but paid in monthly installments so that the income needs of the family are met in the unfortunate death of the policyholder.

Key Features - AEGON Religare iTerm Insurance Plan and Policy

It is a term insurance plan
In this plan, there is Regular Pay premium paying options.

Eligibility Details - AEGON Religare iTerm Insurance Plan and Policy

Minimum	Maximum
Entry Age (Last Birthday)	20 years	50 years
Maturity Age (Last Birthday)	-	60 years
Policy Term (PT) in years	10
Premium Paying Term (PPT) in years	Equal to policy term
Premium Paying Frequency	Annual
Yearly Premium	2021	No limit
Sum Assured	12,00,000

Benefits - AEGON Religare iTerm Insurance Plan and Policy

This is a non-medical term plan
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
Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Premium - AEGON Religare iTerm Insurance Plan and Policy

Premium in Rupees and benefit illustration for Death Benefit Option 2

Age	35 years
Sum Assured	12 lakhs
Premium	2714
Policy Term and PPT	10 years
Benefit payable on death	10,000 per month for 10 years

Policy Details

Grace period: 30 days grace period is allowed for payment of premium.

Policy termination or Surrender Benefit: the policy does not acquire Surrender Value.

Free look period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Exclusion - AEGON Religare iTerm Insurance Plan and Policy

In case of suicide committed within 12 months of policy inception or revival only 80% of premiums paid are returned to the nominee.

Documents Required - AEGON Religare iTerm Insurance Plan and Policy

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and provide self-attested copies of KYC/AML Documents.