AEGON Life iTerm Plan

Lower premium rates for Females and Non-smokers

Choice of several riders against Accidental death, Critical Illness and Disability

Inbuilt Terminal Illness benefit

Option of life coverage till the age of 80 years

Option to increase your life coverage as per your increasing life stage requirements

On death of the policyholder, the nominee can receive the death benefit as:

• 100% lumpsum on death
• 100% as income benefit which will be paid across 100 months
• Part as lumpsum benefit and balance as income benefit
  The death benefit is quantified in terms of the Total Sum Assured which is calculated as the sum of Lump-sum Sum Assured and Income Benefit Sum Assured.
  In case of death of the Life Assured during the Policy Term, provided all due Premiums have been paid, the nominee will receive the Total Sum Assured which shall be payable in the following manner:
• Lump-sum Sum Assured will be paid immediately
• 1.2% of the Income Benefit Sum Assured will be paid monthly for 100 months.
  At the time of death claim, the nominee will have the flexibility to opt for the Total Sum Assured to be paid in one single lump-sum immediately. The Policy will terminate on payment of the above benefits.

On diagnosis of any of the terminal illness an amount equal to 25% of the Total Sum Assured will be paid immediately as a lump-sum. Subsequently the total death benefit will be reduced by the amount equal to the benefit paid under this clause. Example: If the Sum Assured in the policy is 1 crore then the policyholder will receive Rs.25 Lacs on diagnosis of Terminal Illness. Subsequently the revised Death benefit amount will be Rs.75 Lacs.
The policyholder will not be required to pay future Policy Premiums once the claim under this clause is accepted by the Company.

Under the Life Stage Option, the policyholder will have the option to increase the Total Sum Assured under the plan on happening of the below events. The premium paid will be increased in proportion to the increased Sum Assured. The events are:
Events

• On Marriage – Cover can be increased by 50% of Original Sum Assured
• Birth/Adoption of 1st child – Cover can be increased by 25% of Original Sum Assured
• Birth/Adoption of 2nd child – Cover can be increased by 25% of Original Sum Assured

If the policyholder survives till the end of the policy term then there is no benefit payable under this plan.

The plan offers the below listed riders at an additional cost which can be added to your base plan:

• Aegon Life AD Rider: This Rider covers accidental death. In case of death due to accident, the cover amount (Sum Assured) under the rider will be paid.
• Aegon Life WOP Rider on CI: This Rider covers 4 critical illness conditions: Cancer, Open Chest CABG, first Heart Attack and Stroke. On being diagnosed with any of these 4 critical illnesses, future premiums payable under the plan and riders (if any) are waived while the life cover and other rider cover continues.
• Aegon Life iCI Rider: This rider covers 4 critical illness conditions: Cancer, Open Chest CABG, First Heart Attack and Stroke. The cover amount (Sum Assured) under this rider will be paid in case of diagnosis of any of these 4 critical illnesses.
• Aegon Life Women CI Rider: This Rider covers critical illnesses pertaining to women. On being diagnosed with any of the covered illnesses, a certain percentage of the base plan cover amount (Sum Assured) will be paid.
• Aegon Life iDisability Rider: This rider pays lump-sum benefit under the rider plus waives off the future premiums payable under the base plan upon permanent disability of the Life Assured due to accident or sickness.
  These riders can be attached to a base plan on policy commencement or at any time during the term of the base plan.
  Note: Following rider combinations are not allowed in a single policy
• 1. The iDisability Rider and WOP on Ci Rider cannot be purchased together.
• 2. Women Ci Rider and iCI Rider cannot be purchased together.

Premiums paid under the policy are exempted from taxable income under Section 80C of the Income Tax Act. Benefits received under the policy are tax-free under Section 10(10D) of the Income Tax Act.