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Investment Plans 662 views January 22, 2021
Aegon Life iMaximize Single Premium Insurance Plan is a unit-linked insurance plan where your premium payment will be invested in different unit funds as chosen by you. This policy offers you death benefit, maturity benefit and the option of different funds to invest in. There is a facility of partial withdrawal available under this plan via which you can withdraw a part of the fund when there is a financial need. But you can’t do partial withdrawal within the first five policy years. Read the page below and collect more information on the Aegon Life iMaximize Single Premium Insurance Plan.
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You can avail of the following benefits under Aegon Life iMaximize Single Premium Insurance Plan according to the circumstances –
A segregated fund is a specific and separate fund that is exclusively managed for all the policyholders who share the same segregated fund. Aegon Life will hold the legal and beneficial rights in the assets of each segregated fund. The company has sole discretion on the investment and management of each segregated fund in their defined portfolio allocation. Check out the list of offered segregated funds under Aegon Life iMaximize Single Premium Insurance Plan.
You can pay a top-up premium at irregular intervals during the policy term, except for the last 5 policy years. To know more about this feature of Aegon Life iMaximize Single Premium Insurance Plan, check out the conditions mentioned below –
Age at Top-up | Increase in Sum Insured |
---|---|
Up to 35 years | 10X the Top-up amount |
Up to 45 years (36-44 years) | 1.25X the Top-up amount |
45 years & above | 1.10X the Top-up amount |
Suicide Clause of Aegon Life iMaximize Single Premium Insurance Plan
In case the life assured commits suicide or the death of the life assured declared to be suicide within one year from the date of inception or revival, the total fund value becomes payable to the beneficiary.
Aegon Life will require the following documents in support of the life assured death claim –
In case of any unnatural death or other circumstances that are beyond the claimant’s control, the company may waive the requirement of such documents provided they are satisfied with the investigation carried out for the claim assessment. The company can ask for additional documents (including the policy document) or information for processing a claim.