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Investment Plans 671 views January 19, 2021
Aegon Life iReturn Insurance Plan can be the right choice for you if you are looking for a pure life protection plan along with the return of premiums paid by you. One of the best features of this plan from Aegon Life is that you can get all your premiums if you manage to survive at the end of the policy term. Individuals can enjoy features like multiple rider options, multiple policy term options and multiple premium payment term options by choosing this plan.
You must be wondering about what are those other benefits that you can enjoy? Well, on this page, we will discuss the same along with the eligibility criteria, policy term options, etc. Keep reading to know more!
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What are those reasons that make an individual choose a particular life insurance plan? Well, before choosing the same, an individual should know the key features of that plan. We are showing some of the key reasons because of which you should choose Aegon Life iReturn Insurance Plan. Have a look below!
In the case of Aegon Life iReturn Insurance Plan, the sum insured amount can be as low as INR 30 lakh while it can go up to INR 4 crores.
There are three benefits that individuals can enjoy with Aegon Life iReturn Insurance Plan – Death Benefit, Maturity Benefit, and Terminal Illness Benefit. We are discussing all of them in detail below. Have a look!
In case an insured person dies during the policy term, the policy will provide a lump sum amount to his/her family or nominee in case of his or her death. This death benefit can be used for bill payment, loan repayment, etc.
This plan from Aegon Life will give you the maturity benefits by returning you all the premiums that you have paid until maturity. But remember that all due premiums should have been paid, and you should survive till the policy term. The maturity benefit will not include any rider premium or GST charges.
If the insured person is diagnosed with any terminal illness during the policy term, the policy will waive off all the future base premiums, and an amount equal to 25% of the Base Policy Sum Assured will be paid to the person. With this lump sum amount, individuals can manage their finances. Do remember that the maximum terminal illness benefit can be as much as INR 100 lakh, and the death benefit will be reduced to the equal amount you received as a terminal illness benefit.
An individual should keep in mind a few important conditions when choosing the Aegon Life iReturn Insurance Plan. We are mentioning them below. Have a look!