Aegon Life Rising Star Insurance Plan – Being a child means happiness and joy. But if you haven’t planned for your child’s future yet, that excitement can quickly turn into anxiety! Of course, there are many things you need to pay attention to, from their upbringing to their marriage.
One of the wisest decisions in such a situation is to get a child insurance policy that covers all future major expenses. Among the important options offered to you, Aegon Life Child Insurance is one of those you should consider.
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In this article, let’s learn about the types of child insurance that Aegon offers, their features and eligibility criteria.
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Working with The Times, Aegon introduced the insurance plan as part of a market-linked policy. Whether it’s for milestones or education, this plan will help you achieve all the important financial goals for your child. With this Aegon Life Star Kids Plan, you can enjoy a total coverage or premium of 105%, whichever is higher. You get the fund value at maturity.
This Aegon Life Insurance Plan is a traditional money back insurance plan. The plan provides periodic payments at regular intervals to take care of your child’s finances. In addition, the death cover of the insured has the biggest advantage in this policy.
If you want to get your insurance, you should go to the nearest Aegon Life branch. There you can request a claim form and fill it out completely. However, send the necessary documents. The representative there will review all the documents with the details specified in the form. The money is transferred to the beneficiary within 7 working days.
If you are ready to apply, you must attach these documents together with the necessary forms:
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Answer: Yes. In case of death of the policyholder, the death benefit is paid as a lump sum, 105% of the premium paid, 10 times the annual premium or 10 times the cover amount, depending whichever is higher.
A: Yes, there is. With the required KYC documents, you can easily apply for a policy at your nearest Aegon branch.
A: Yes, with the Aegon Life Plan you are eligible for tax benefits under Section 10 (10D) and Section 80c of the Income Tax Act 1961.
A: Aegon offers different payment methods such as check, e-Wallet, internet banking, debit and credit cards. You can choose one accordingly.
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Every effort has been made to ensure that the information provided here is correct. However, the accuracy of the data is not guaranteed. Please check the project information before investing. Aegon Life iInvest Insurance Plan Review The Aegon Life iInvest Insurance Plan is a unitary insurance plan with no premiums. Therefore, the plan deposits all premiums paid and provides an attractive market as well as insurance protection. Highlights from the Aegon Life iInvest Insurance Plan
__CALLBACK_TEMPLATE__ Aegon Life iInvest Insurance Plan Application Fees As it is a ULIP plan, there are certain fees. The fees include:
Illustrations The table below shows the increase in premiums paid under different mandate plans. The premium payment period is considered the entire period regardless of premiums. The rate of increase is accepted as 4% and 8% as per IRDA regulations.
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Non-payment of premiums under Aegon Life iInvest insurance plans If the policyholder does not pay the premiums payable under the plan, the policy becomes void. A canceled policy can be reinstated, delivered or paid for. Fees are paid only after at least 5 years of premium have been paid. If the premiums have not been paid for the last 5 years, the insured will have to give up or restart his plan. Submission of policy
This policy has a lock-in period of 5 years. In case the policy is canceled within the first 5 years, the termination policy is transferred to the fund after deducting the termination fees from the fund value. The freezing policy of this fund has a minimum interest rate of 4% on the fund. Money will remain in the holding policy fund for up to 5 years, deducting fund management fees where appropriate. If the policy holder dies within this period, the fund value is paid from the date of death. Otherwise, the actual fund value is paid after the lock-in period of 5 years.
If the program is withdrawn at any time after the end of the 5-year period, the current value of the fund is paid without any deduction.
If the premium for the first 5 years has been paid, a payment receipt will be given to the insured. Depending on the payment method, the guaranteed plan amount is reduced and the guaranteed amount is calculated as follows:
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Sum Assured = Sum Assured of Death * (Total Premium Paid/Total Payable)
The policy will continue as a paid up policy and will attract related charges. If the fund value is less than the annual cover amount, the policy is terminated and the remaining fund value is paid.
Repayment is allowed within two years from the date of the first unpaid premium. The bidder is obliged to pay the premium and the interest paid by the insurer to recover the premium.
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Aegon Life Insurance policies are offered by Aegon Life Insurance Company. It started its commercial life in 2008 and has since become a strong player in the insurance industry. The company, which currently has a significant market share, has launched several products related to life insurance.
The company has a variety of insurance plans for its customers and customers can choose any plan that suits their needs and requirements. These plans also provide features like savings, wealth appreciation, protection, retirement planning and security for children’s future. Each plan contains the best and is unique. The policy premium is competitive in the market.
An Aegon life insurance policy or other policies can be used as a way to protect yourself in the event of an unfortunate event. In case of such an event, the dependents of the insured or their representatives can claim compensation according to the terms and conditions specified in the policy, and therefore they can claim it.
You can easily request in just a few steps, as the whole process is smooth and convenient at the same time. Below are the steps to claim your insurance through Aegon Life Insurance Policy:-
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You should send the relevant claim form along with relevant documents such as death certificate, medical certificate and hospital report to any Aegon Life Insurance Policy branch.
When buying a life insurance policy, there is a list of documents that must be submitted with the application form. These documents are required to determine the identity and address of the insured for verification and settlement purposes.
Questions about Aegon Life Insurance policies, eg. Can the Sum Covered be increased on an Aegon Life Insurance policy?
Yes, you can easily add or remove riders. To add passengers to a policy, you must send a signed request letter and call the hotline to remove the passenger.
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Apart from the policy number, it is a 4-digit number assigned to the insured that must be used when a policy service is requested from the IVR system.2 Introduction Few things come with a guarantee in today’s life. Life can be uncertain, but your financial plan doesn’t have to be uncertain. At Aegon Life Insurance we understand this and that is why we offer you the Aegon Guaranteed Income Advantage Plan. A life insurance plan provides guaranteed income until you reach the age of 85. Here’s an opportunity