Health Insurance 908 views January 22, 2021

A critical illness not only hurts affected individually physically, but their families also suffer a financial loss due to the high costs involved in medical treatment and care. If you are looking for a plan that can protect your finances in such situations, Aegon Life Critical Illness Insurance Cover can be the right choice for you. With this critical illness cover from Aegon Life, individuals can get protection against as many as 36 critical illnesses. One of the best things about this plan is that individuals can choose from 5 plan options that can give different life cover options as well as critical illness insurance amount.

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On this page, we will be discussing some of the key features of Aegon Life Critical Illness Insurance Cover along with plan options, premium amount, etc. Do read to know more!

Why Should You Choose Aegon Life Critical Illness Insurance Cover?

The number of people diagnosed with critical illnesses has been on a rise in our country. Keeping this in mind, it is important to have a critical illness insurance plan so that your finances remain intact in the event of a critical illness diagnosis. But why should you choose the Aegon Life Critical Illness Insurance Cover? Well, we are showing some of the key features of this plan from Aegon Life that can make you choose it. Take a look!

  1. With Aegon Life Critical Illness Insurance Cover, individuals can enjoy protection against 36 life-threatening critical illnesses – Cancer, Stroke, Organ Failure, Coma, Brain Surgery, Parkinson’s Disease, Heart Attack, Heart Transplant, Liver Transplant, Blindness, to name a few.
  2. One of the best features of this Critical Illness Insurance Cover from Aegon Life is that individuals can choose from 5 different plan options. These plan options will depend on the Life Cover and Critical Illness insurance amount.
  3. Policyholders don’t need to undergo any medical screening before choosing this additional cover from Aegon Life.
  4. In a world where everything is happening digitally, individuals can choose this insurance cover to protect their life via the online method. The policy will be issued instantly.
  5. On the premium paid towards the critical illness plan, policyholders will also enjoy tax benefits up to INR 1 lakh under Section 80C and Section 80D of the Income Tax Act, 1961. Do remember that for individuals below the age of 60 years, deductions can be up to INR 50,000, while this can go up to INR 1 lakh for senior citizens.
  6. If an individual is not happy with the terms & conditions and the benefits offered, he or she can return the policy within 30 days from the risk commencement.

What are the Different Plan Options under Aegon Life Critical Illness Insurance Cover?

As we mentioned above, individuals can choose from different plan options providing different life cover options. We are showing details about all these plans in the below table. Have a look!

Plan OptionsLife Cover36 Critical Illnesses Cover
AINR 1 lakhINR 10,000
BINR 5 lakhINR 50,000
CINR 10 lakhINR 1 lakh
DINR 20 lakhINR 2 lakh
EINR 50 lakhINR 3 lakh

Aegon Life Critical Illness Insurance Cover Benefits that You Should Know

What are the benefits that you can enjoy with Aegon Life Critical Illness Insurance Cover? Have a look at the same below.

  1. Individuals can have the much-needed peace of mind as this plan helps policyholders and their families bear the costs related to critical illness treatment. Without any critical illness health insurance cover, individuals can end up exhausting their finances in such situations.
  2. Critical illness treatment can be a costly affair for individuals, and one of the best benefits of this cover from Aegon Life is that it provides a lump sum amount in addition to any Mediclaim or health insurance policy that individuals may already have.

You would want to know how you will get the payout under Aegon Life Critical Illness Insurance Cover. Well, if a policyholder has chosen the Option C that provides a life cover of INR 10 lakh with 36 Critical Illness cover of INR 1 lakh, the benefits will be as follows.

  1. If a policyholder is diagnosed with any of the 36 critical illnesses, the company will pay INR 1 lakh. The policy will continue with all the benefits.
  2. However, if the policyholder dies due to any critical illness or any other reason, the company will pay INR 10 lakh as a death benefit to his or her family. However, the policy will terminate after these payouts.

What Will be the Premium Amount for Different Plan Options?

Want to know about the premium amount that you will need to pay for different plan options? Well, you can look at the table below to know the same.

Plan OptionsPremium Per Year
AINR 153
BINR 765
CINR 1,530
DINR 3,060
EINR 7,166

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