Overview

The Aegon Life iGuarantee Max Savings plan is an insurance and savings plan. This plan helps you save for important life goals while safeguarding your and your family against unforeseen events.

Premium Prices and Coverage of Your Aegon Life iGuarantee Max Savings

Here’s a table showing the Aegon Life iGuarantee Max Savings plan’s premium prices and coverage: 

Plan

Premium

Aegon Life iGuarantee Max Savings

Starting at ₹500/month

*The premium stated in the table above are indicative and may change as per the insurance company’s terms and conditions. 

 

*excluding applicable taxes and cess (if any)

Features & Benefits

Here are some of the features and benefits of the Aegon Life iGuarantee Max Savings plan: 

Savings and Insurance in One

The Aegon Life iGuarantee Max Savings plan is a two-in-one insurance and savings plan that lets you accumulate corpus while staying insured. Additionally, you can start with just ₹500 per month!

Helps Meet Life Goals

Guaranteed amount at maturity or surrender helps you secure your short, medium, and long-term goals. 

Flexible Option

The Aegon Life iGuarantee Max Savings plan lets you choose the premium payment term as per your needs. This makes for a flexible savings plan.

Choice of Add-On Riders

You get the choice to enhance your coverage with riders for  Accidental Death and Critical Illness. 

Tax Benefits

You may also be able to enjoy some tax benefits under Section 80(C) and Section 10(10D) as per prevailing tax laws. 

Maturity Benefit

If the Policy is in place and the policyholder survives to the date of maturity, then the Maturity Benefit shall be payable. Where, Maturity Benefit = Base Sum Assured + Loyalty Addition + accrued Guar Read Moreanteed Additions. Read Less

Eligibility Criteria

Here’s the eligibility criteria for the Aegon Life iGuarantee Max Savings plan: 

  • Entry Age 

    1. Minimum – 3 months

    2. Maximum – 50 years (45 years for Regular Pay)

  • Maturity Age

    1. Minimum – 18 

    2. Maximum – 70 (65 years for Regular Pay) 

Glossary

Here’s a simple breakdown of some insurance-related jargon: 

  • Premium: The premium for savings insurance is the fixed amount of money paid by the policyholder to the insurance company at regular intervals (e.g., monthly, annually) to avail the benefits under this policy 

  • Death Benefit: The death benefit is the lump sum amount paid to the beneficiaries or nominee(s) upon the death of the insured person during the policy term.

  • Policy Term: The policy term refers to the specific duration during which the policy remains in force.

  • Surrender Value: The amount that is payable to the policyholder if they choose to surrender the policy before the completion of the policy term which will be the higher of the Guaranteed Surrender Value or the Special Surrender Value. 

  • Grace Period: The period beyond the Premium Due Date when the policy is treated as In-force, but the Policyholder is still liable to pay the outstanding premium. 

 

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Product Disclaimer

Aegon Life iGuarantee Max Savings(UIN: 138N083V02) is a Non-linked Non-Participating Life Insurance Individual Savings Plan. For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale.

Total Premiums means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

 

Loyalty Additions will accrue only if the policy is In-force (all due premiums have been paid) and not in Paid-Up status. Loyalty Additions = 10% of (Annualized Premium X Policy Term).

 

In case of any observations during Video Medicals, physical medicals will berequired and premiums rates may vary. Home visits are subject to availability in your location.

 

Tax benefits are subject to changes in tax laws. The Company does not assume responsibility on tax implication mentioned anywhere in this page. It is recommended to obtain professional advice for applicability of tax benefits.

 

^As per the latest annual audited figures, Individual Death Claim Settlement ratio for FY 2022-23 is 99.37%.

 

All ages above applicable as on last birthday

 

Maximum entry age for Regular Pay is 45 years and for Limited Pay is 50 years. This is applicable for Limited Pay; for Regular Pay, maximum maturity age is 65. In case of POS Channel, maximum maturity age is 65 years.

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Additional Disclaimer

Participation to buy insurance is purely voluntary. The contract of Insurance is between Aegon Life Insurance Company Limited and the Insured and not between Bajaj Finserv and the Insured.

This policy is underwritten by Aegon Life Insurance Company Limited. This a Non-linked Non-Participating Life Insurance Individual Savings Plan. All terms and conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for sub-standard lives, smokers or people having hazardous occupations, etc. The insurance cover for the life insured will commence on the policy issue date.

 

Life Insurance Coverage is available in this product. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the insurer

 

For any information including cancellation, claims and complaints, please contact our Insurance Advisor/Intermediary or call 1800-209-9090 (9am to 7pm, Mon to Sat) or write to us at customer.care@aegonlife.com. Visit us at: www.aegonlife.com

 

Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Aegon Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.

 

The brochure is not a Contract of Insurance. The precise terms and conditions of this plan are specified in the Policy contract

 

Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs and the Surrender Value payable may be less than the all the Premiums Paid.

 

This plan is also available for sale through online mode. This product brochure should be read along with Benefit Illustration.

 

Bajaj Finserv Direct Limited is a registered corporate agent of Aegon Life Insurance Company Ltd. For Bajaj Finserv Direct Limited, IRDAI Registration Number CA0551 and does not underwrite the risk or act as an insurer.

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FAQs about Aegon Life iGuarantee Max Savings

Should I get the Aegon Life iGuarantee Max Savings plan?

The Aegon Life iGuarantee Max Savings plan is a great idea for you if you’re looking for a two-in-one plan. This plan will help you save for important life goals while also offering insurance coverage.

Where can I get the Aegon Life iGuarantee Max Savings plan?

You can get the Aegon Life iGuarantee Max Savings plan online on Bajaj Markets. 

What’s the premium of the Aegon Life iGuarantee Max Savings plan?

The premium of the Aegon Life iGuarantee Max Savings plan starts at ₹500 per month. You can, however, adjust your premium amount to reflect your financial goals.

Does the Aegon Life iGuarantee Max Savings plan offer Maturity Benefit?

 Yes, if the insured person survives the policy maturity, then the lump sum guaranteed benefit amount will be payable.

Is Aegon Life an Indian insurer?

Yes, Aegon Life is an Indian insurance provider. 

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