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Investment Plans 691 views January 20, 2021
A life insurance plan, if chosen carefully, can be a financial savior to yourself and your family at different phases of life. If you are looking for a life insurance plan that can protect your future needs systematically, Aegon Life Future Protect Plus Plan can be the one for you. With this plan from Aegon Life, you can get a wide range of benefits such as enhanced life insurance coverage, Invest Protect option, multiple fund choices, option to pay an additional premium, etc.
On this page, we will discuss all these features of the Aegon Life Future Protect Plus Plan in detail along with several other critical information. So, keep reading!
Table of Contents
Aegon Life Future Protect Plus Plan comes with several reasons that should make you choose this plan to protect your life. Want to know them? Well, we are showing the same below. Have a look!
In the Aegon Life Future Protect Plus Plan, the basic sum assured depends on the entry age of an individual. We are showing it below that you can check!
Sum Assured/ Entry Age | For Entry Age less than 45 years | For Entry age greater than or equal to 45 years |
---|---|---|
Minimum Sum Assured | Higher of 10 times the regular annualized premium or (0.5 x policy term x annualized premium) | Higher of 7 times the regular annualized premium or (0.25 x policy term x annualized premium) |
Maximum Sum Assured | 18 times the regular annualized premium | 10 times the regular annualized premium |
After knowing the key features of the Aegon Life Future Protect Plus Plan, you would want to know about the benefits of this plan. Well, we are showing the same below that you can check.
If the policyholder dies during the policy term, the company will pay both the sum assured amount and fund value at the time of death, to the nominee. You should keep in mind that the death benefit will be at least 105% of the total premiums paid up to the date of death.
If a policyholder survives until the end of the policy term, Aegon Life Future Protect Plus Plan will also give him/her maturity benefits. This maturity benefit will be the overall fund value (including top-up fund value, if any) on the date of maturity. One of the best things about this plan is that if you do not want to take maturity benefit in one installment, you can avail of the settlement option. With the Settlement Option, individuals can receive the maturity amount in equal installments over a maximum of 5 years.
When you choose this policy from Aegon Life, you will need to pay a certain premium amount towards it. The minimum annualized premium amount will be INR 20,000 per annum. However, if you are choosing semi-annual and monthly modes, the minimum premium amount will be INR 30,000 per annum.
There are a few conditions that you should keep in mind when choosing the Aegon Life Future Protect Plus Plan. We are showing them below. Please check!