Aegon Life Insurance Company

Aegon is among the global leaders in financial service organizations.

They provide life insurance plans, pension plans and plans for asset
management. This firm is dedicated towards building a consumer-
centric business model and provides work environment which boosts
innovation and excellence.
Aegon Life Insurance started its operations in India in July of 2008. It
was previously called Aegon Religare Life Insurance. The headquarter
for this establishment is in Mumbai. Aegon Life Insurance has a very
wide service network throughout the country. They serve over 4.5
lakh consumers in India. The employee strength is over 30000 strong.
They strive to ensure that people plan out their lives in a better
manner. The firm has adopted a multi-channel strategy for
distribution with the vision to assist people in efficient life planning.
They provide many different insurance plans and are known for
enhancing customer experience.
 Company Performance
The roots of Aegon were laid down 170 years ago. Over time,
Aegon has flourished as a business entity.
The business network pans out over 20 nations across the
continents of North America, South America, Asia and Europe. In
USA, it goes by the brand name of Transamerica.
Through the years of 2013 to 2016, Aegon Life Insurance won the
E-Leader Business Award for a period of four consecutive years.
This award is provided for efficient management of online channels
of marketing, sales and lead generation.
The company caters to the needs of over 4.5 lakh customers across
the nation.
Aegon has revenue generating investments worth 723 billion
Euros.
 Key Advantages and Features
Below is a list of the key advantages that Aegon Life Insurance has
over its competitors
1. Trust- Aegon is a name you can trust. It is not a startup or a
recently established venture. It has had its day in the Sun for
almost two centuries
2. Grievance Redress- Aegon sets very high standards in this
regard. In the 2015-2016 year, over 98% of the grievances were
settled.
3. Claim Settlements- What good is an insurance plan that
promises a lot but delivers nothing. Aegon Life Insurance has a very
high claim settlement ratio. The ratio was over 95% for the 2015-
2016 year.
4. Customer support- The company provides reliable customer
assistance to its customers and prospective customers.
 Types of Products
Life Insurance offers different insurance plans for different
customer needs.
Life Insurance Plans
1. Aegons Life iTerm Plan- Rs one crore cover available.
2. Aegons Life Term Plan- monthly payout of 3% of sum assured
3. Aegons Life iSpouse Plan
4. Aegons Life Easy Protect Plan- safeguards family in the event of
policyholders death
Life Endowment Plans
1. Aegons Flexi Money Back Advantage Plan- limited premium and
long cover
2. Aegons Guaranteed Growth Plan- payout guaranteed as 150% of
premium amount
3. Aegons Premier Endowment Plan
4. Aegons Jeevan Shanti Plan
 Child Plans
1. Aegons Educare Advantage Plan- safeguards the childrens
education against ups and down in the education sector
2. Aegons Rising Star Plan- ensures zero compromise on education

Unit Linked Insurance Plans

1. Aegons iMaximize Plan- ideal for gaining maximum benefits at a
modest cost
2. Aegons iMaximize Single Premium Plan-eases the policy holders
burden via Aegons a single premium payment for the entire policy
term.
3. Aegons Future Protect Plan- provides life cover plus saves tax
Pension Plans
1. Aegons Guaranteed Income Advantage Plan- payout of 7.5% of
the total sum assured till the age of 85 years
Rural Plans
1. Aegons Rural Term Plan- low cost insurance plan for rural people
to meet their insurance needs
 Product Plans Details
Below are the details of Life Insurances best plans
Life iTerm Insurance Overview

iTerm by Aegon Life Insurance

Minimum Entry Age (years) 18

Maximum Entry Age (years) 65
Maturity Age (years) 75
Single payment, annual payment,
Frequency of Premium
bi-annual payment or monthly
Payment
payment
Minimum- 5 Maximum- 40 or till
Policy Term (in years)
75
Term for Premium payment Single or policy term equivalent
Minimum Sum Assured 10 lacs
 Benefits
Life Cover- in the event of the demise of the policy holder, an
amount equivalent to sum assured is given to nominee
Policy is eligible for Tax exempt benefits
Advance payment up to 25% of the total sum assured in the
event of a critical ailment
Policy is eligible for Surrender benefits
Eligibility
Entry age for the coverage from 18 years to a maximum age
of 65 years.
 Life iReturn by Aegon Life Insurance

Eligibility
Entry age for the coverage from 21 years to a maximum age of 60
years.

Minimum Entry Age (years) 20

Maximum Entry Age
(years)
Maturity Age (years)
Frequency of Premium
Payment
Policy Term (in years)
Maximum Sum Assured
Minimum Sum Assured
65
75
Single payment, 5 years limited
payment or monthly payment
Minimum- 5 Maximum- 20
Up to Rs 4 crore
30 lacs
 Flexi Money Back Advantage by Aegon Life Insurance
Eligibility
Entry age for the coverage from 7 years to maximum age of 60
years.
Flexi Money Back Advantage Insurance Overview

Entry Age 7 Years

Maximum Entry Age 65 Years
Loan available against policy
Tax benefits
Advantages
Survival benefit
Maturity benefit
Sum Assured 1 lakh
 Resource From:
https://www.easypolicy.com/insurance-
companies/aegon-life-insurance.html