AEGON Life Health Plan is a comprehensive Health Insurance Plan from AEGON Life with exclusive benefits. This is a Traditional Plan without Bonus facility.
How it works – This is a Health Insurance Plan which needs to be taken for at least 3 years. The premium is guaranteed for the period of 3 years, irrespective of any claim. This plan can be taken till 85 years of age and continued till 100 years of age with continuous renewals. This policy can be taken for spouse, upto 3 dependent children, dependent parents and also dependent siblings.
In this plan, the Insured person would get a fixed amount of money as Daily Hospitalization Benefit in case of hospitalization, irrespective of the actual amount spent. This plan also covers some exclusive additional benefits like Intensive Care Unit Benefit and Surgical Cash Benefit for specified surgeries.
There is an additional Critical Illness Rider Benefit in this plan.
Since this is not a regular reimbursement policy, this policy can be claimed for a guaranteed amount in addition to the payment received from other health plans.
Death Benefit – There in no Death Benefit in this plan.
Maturity Benefit – This plan being a pure Health Insurance Plan has no Maturity Benefit as well.
Income Tax Benefit – Health Insurance Premiums paid up to Rs. 15,000 for normal residents and Rs 20,000 for Senior Citizen are allowed as a deduction from the taxable income each year under section 80D
Health Benefit Sum Assured (in Rs.)
2 lacs, 3 lacs, 4 lacs
Policy Term (in years)
Regular Premium = 15,
Single Premium = 3
Premium Payment Term (in years)
Equal to PT
Entry Age of Life Insured(in years)
70 for Regular Benefits
65 for Critical Illness
Entry Age of Child(in years)
Age at Maturity(in years)
85 for Regular Benefits
75 for Critical Illness
Premium (in Rs.)
Single, Yearly and Monthly
The below illustration is of the Sum Assured = Rs 5 lacs, Platinum Plan for an individual male of
Ages 30, 40 and 50 years respectively without rider benefit
Riders – There is 1 additional rider available in this policy
You stop paying the premium - If the policy holder stops paying the premium, the policy cover and all its benefits will cease. No further benefit would be payable for illness diagnosed during the lapsed period even if the policy is subsequently revived.
The policy can however be revived within 1 year from the date of first unpaid premium.
You want to surrender the policy – This policy has no Surrender Benefits.
You want a loan against the policyholder policy - There is no loan available under this plan.
You can make a cashless claim at the time of hospitalization through a network of 3000+ hospitals or at any time of the day in their 24 hour Customer Service desk.
However, all claim under this plan needs to be made within 90 days of hospitalization along with the following documents:
Without the above mentioned documents, the claim request would not get registered. The company may request for additional information or documents, which needs to be resolved as well.
All claims requests are to be sent to either the nearest AEGON Life Life Branch or for any claims/ product-related queries or servicing requests, please contact their Customer Care Toll- Free number at 1800 209 9090
Alternately you could contact the Third Party Administrator, Paramount.
Toll - free Number: 1800 22 6655
Help Line Number: 022 - 66620 808
Email id: firstname.lastname@example.org
Paramount Health Services Pvt. Ltd.
Elite Auto House, A-54, 1st Floor, M. Vasanji Road, Off Andheri - Kurla Road,
Chakala, Andheri (East), Mumbai - 400 093
Does AEGON Life Health Plan cover Pre-existing Diseases?
As mentioned under Exclusions, AEGON Life Health Plan does not cover Pre existing Diseases and hospitalization from the same. It is not even after continuous renewals as in other plans.
Do I need to get my Medicals done under AEGON Life Health Plan?
As mentioned under Key Features, There is no requirement of Medical Tests in this plan till Rs 3 lacs of Sum Assured and 50 years of age. Only a declaration of Good Health is sufficient. However, if the medical underwriters feel necessary, they may call for medical tests but not under usual circumstances. Hence please mention all ailments in details.
However, for age at entry above 50 years or more than Rs 3 lacs of Sum Assured, Medical Tests would be required.
Is Maternity Benefit provided under AEGON Life Health Plan?
As mentioned under Exclusions, AEGON Life Health Plan does not cover Maternity Benefit and hospitalization from the same. It is not even after continuous renewals as in other plans.