Home > Life Insurance > Pension Plan > Aegon Life Insurance
aegon-logo

Aegon Life Insurance

  • We help in maximising your retirement corpus
  • Simple and uncomplicated comparisons of all plans
  • Clear features, benefits, and costs for each plan
  • Tax free corpus, maximum returns & right vesting age

Aegon Life Insurance

Overview
Aegon Life Insurance Co. Limited is one of the biggest insurance companies globally and commenced operations 173 years ago. The company is known for offering affordable and customer friendly insurance products including endowment plans, retirement and investment plans, child plans and more. The company is present across 20 countries globally.

Aegon Life Insurance Co. Limited operates in a partnership with the reputed Times Group in India. The Times Group is one of the biggest media conglomerates in the country. The company already holds market leadership in the United States and is carving a niche for itself in India as well.

Aegon Life Insurance at a glance
  • Claim Settlement Ratio as high as 97.11% in FY 2016-17
  • Grievance Redressal Ratio of 98.39% in 2015-16
  • Offers 1 crore life cover at just Rs.22 per day
  • Life coverage offered till 80 years of age

Aegon Life Insurance Co. Limited Pension Plans
There are several effective pension plans offered by Aegon Life Insurance. These include the Insta Pension Plan which is an annuity based plan that offers immediate monthly income for taking care of one’s basic requirements. There is lifetime income along with joint life/life annuity payouts. There are also monthly or annual payment options.

Documents needed to apply for Aegon Life policy
  • Age proof - (Any One)
    Driving License, Passport, Voter ID Card, Birth Certificate, etc
  • Identity proof – (Any One)
    Driving License, Passport, Voter ID card, PAN Card, Aadhar Card, or any document which proves citizenship
  • Income proof
  • Address proof – (Any One)
    Driving License, Passport and Utility Bill should clearly mention the permanent address
  • Income proof – (Any One)
    Salary Slip, Form 16, ITR
  • Recent passport size photograph

Aegon Life Retirement Plan
  • Aegon Life Insta Pension Plan: A single premium plan with a minimum premium of Rs 1, 00, 000 and no maximum limit. The minimum entry age is 50 years and maximum is 75 years. Choice of annual or monthly annuity mode.

1: Aegon Life Insta Pension Plan: Ideal for those who do not have a pension facility yet want to enjoy a good, tension-free and financially secure retired life.

Advantages and Benefits
  • The Insta Pension Plan is a single premium plan with a minimum premium of Rs 1,00, 000 and no maximum limit.
  • The minimum entry age is 50 years and maximum is 75 years for both the assured and the spouse.
  • The annuity mode can be annual or monthly.
  • Option to choose from two annuity payout options ; Life Annuity and Joint Life Annuity
Features Description
Age at Entry Minimum 50 years
Maximum – 75 years
Age at Entry ( Spouse) Minimum 50 years
Maximum – 75 years
Premium Payment Term Single Premium
Premium Minimum Rs 1,00,000
Maximum - No limit