Why AEGON Religare Term Life Insurance?
Dear , as per your request you will receive a call from 022-61120600 shortly.
A cover of 1 Crore for onlyRs. 6,200*
*The above premium is for a male 25 years old, non-smoker for a term of 20 years
Longer coverage of upto75 yrs
Get coverage for a policy term between 5 to 40 years or upto age 75 (maximum)
Choice of 3 additional riders
Only term plan with a Terminal Illness benefit
Exclusion: In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable
Buy iTerm online in 8 mins
Tax benefits on premium paid under Sec 80C will be applicable. Moreover, Death benefit is exempt from Tax under Sec 10(10D). Tax benefits are as per Tax Laws. Tax laws are subject to change.
Waiver of Premium on Critical Illness Rider – If you were to fall prey to any of the major illnesses ( Cancer/Coronary Artery Bypass Surgery/ Heart attack/ Stroke) all future premiums will be waived off. This ensures that your term insurance policy benefits continue even in the absence of premiums.
Women Critical Illness Rider – This rider is exclusively designed for women to provide superior coverage from critical illness and other risks that are specifically faced by them. On diagnosis of any of the illness / conditions stated, the benefit amount under the rider will be paid out as detailed:
|Group 1||Malignant Cancer of the Female Organs||5% of the sum assured|
|Group 2 ( applicable only up to age 35 years)||
Pregnancy Complications & Congenital Anomalies in Newborn Child
2.5% of the sum assured
Eligibility for Term Insurance
|Sum Assured||Minimum - Rs. 10,00,000 Maximum - No limit
(subject to underwriting requirements)
|Entry Age||Minimum - 18 years
Maximum - 65 years
|Maturity Age||75 years|
|Policy Term||Minimum - 5 years
Maximum - 40 years or upto age 75
|Premium Pay Term||Equal to the policy term|
|Premium Payment Frequency||Annually/One Time|
|What our customers say about us:|
|by - Vijayarangam S, Chennai – (Manager) – SEBI|
|I never thought it would be so easy and so accessible to contact people in an insurance company which does its business on the web. I appreciate the professional and quick service rendered by AEGON-Religare. Please keep it up|
|Super quick Service!|
|by - Sanjay K Deshmukh (AVP) Citrix systems|
|Purchased iTerm online on 12th June. Cover commenced on 15th June.
Interestingly on the same day I had also started the process to buy additional life cover with one of your competitors through their agent (I wanted to spread my risk across companies) and it’s been 3 weeks and we are still in the process of completing documentation.
I must congratulate you on setting up such infrastructure which makes customers life easier and your service effective. I work in the IT industry and hence appreciate this experience all the more. I am more than happy to be used as a reference in case you need to as I would love to share my experience with everyone
|First buying experience!|
|by - Harikrishnan Kodakara|
|This was my first time buying a policy online and was not sure how it would go. But I am extremely happy with the process which turned out to be easy and had no hassles at all.
Everything was properly informed and followed up. I will surely recommend AEGON to my friends and family.. well few are already planning to sign up soon.
Once again.. thanks a lot for the great service
|by - Kinjal Barai (Ergologistics)|
|I have received the original policy document yesterday. It was a wonderful experience dealing with your organisation & you as well. I shall definitely recommend Religare''s products to my friends & colleagues|
|By – Nilesh Nayak|
|It was a wonderful experience dealing with you and I am extremely happy with the service and quick response|
|by - Amlan Chaoudhary|
|Thank you for the excellent support from your end that kept on updating me on the process updates in real time till the issuance of policy, since application. This could be defined as "customer''s delight" in true sense|
|by - Ravinder Saini|
|I am impressed with your prompt reply. That speaks about the ethics of the company. Looking forward to have good association|
|High degree of Prefessionalism!|
|by - Puneet Khanna|
|Thanks for welcoming me to Aegon Religare family. I am impressed with high degree of professionalism exhibited by you and your team. Thanks, one more time, and all the very best|
|by - Sanjay Kumar|
|I would like to thank you for the support and constant follow-up with your back end. I am a happy customer now!|
|by - Sadhna Kathal|
|Your services are excellent. I appreciate the professionalism in your approach|
|What our existing customers had to say on being provided an upgrade
to the new iTerm plan:
|Terrific customer service!|
|by - Tanuj Kala|
|This is indeed a terrific customer service in a world full of insurance companies that fool customers with bogus adverts. You have won a customer for life, who is going to recommend this plan to all his acquaintances|
|Thanks for the added coverage and additional benefits!|
|by - Suresh Rani|
|Yes I was really surprised at the very first moment but now I am delighted by the very fact that you guys are taking care of existing customers as well by providing extras for the same premium , this is quite a unique gesture|
|by - Rajendra Bhat|
|It is an amazing and unprecedented gesture , when Insurance companies today only believe in trapping a customer and being rigid about their terms thereafter . Pl convey my gratitude to your MD for such a bold decision|
|Thank you for upgrading my iTerm policy!|
|by - Raghavendra|
|I am delighted to receive the revised policy endorsement copy. This makes me feel proud to be associated with AEGON Religare. Wishing your team @ AEGON Religare continue to deliver innovative products and reach greater heights of success|
|Increased sum assured with same premium!|
|by - Muniraja|
|It is nice to know, with same premium we are getting an Increased sum assured|
|This is awesome!|
|by - Pravin|
|Infact I was realizing the coverage is insufficient. I am sure all the existing iTerm policy holders will concur with me when I say - I and my family are deeply indebted to you for this pro-active initiative. I wish your team, All the success! I for one will strongly encourage/influence my friends/relatives to enroll in the AEGON Religare products|
|I am enjoying with AEGON Religare!|
|by - Krishna Patil|
|I am delighted to get this news and impressed very much with your renewed policy terms. Looking forward for long term and healthy professional relationship with AEGON Religare and appreciate the kind of services|
|Best Luck AEGON Team!|
|by - Amit Lad|
|Am really happy with the way AEGON is taking care of there existing customers and giving them services . I hope we get the same services and correspondence in future too|
A Term Insurance Plan is a contract between the applicant and the Life Insurance Company, under which the applicant agrees to pay a certain amount of money(Premium) per year for a fixed period in order to receive a guaranteed amount of money (Sum assured) in the event of his death during the policy term, payable to the his nominee (any family member). Under a term insurance plan, the premiums are fixed for the policy tenure.
Let's take the case of Ramesh. A young executive aged 28 years, annual income 5 lakhs, recently got married and has retired parents who are dependent upon him. Ramesh is the sole bread-winner of the family and has a home-loan of 70 lakhs.
Now if Ramesh were to meet with an accident and die as a result, then the sole source of income for Ramesh's family would end. As such the family would have to arrange for providing for the home-loan and also expenses for daily life.
Now a term plan is the best form of protection that Ramesh could provide for his family.
For Ramesh, a non-smoker male, age 28 years, a cover of 70 lakhs for a period of 40 years (till he turns 68) would cost Rs. 5,530 per annum only. So if Ramesh purchased a term plan and if he was ever to meet with an uncertainty in life and not be around then his family members would get Rs. 70 lakhs from the life insurance company from which Ramesh has purchased the term plan. This would ensure that Ramesh's family is not burdened under the liabilities in his absence.
Term insurance policies are best suited for working individuals who have dependents (Children, parents) and are looking for a considerable sum of protection against uncertainties of life (death) at fairly low prices.
Term insurance plans fulfill the basic purpose of any life insurance policy by providing financial security for the applicant and his family.
Today majority of the frequent fliers in India buy their Air tickets online directly and enjoy the same service as people who buy them offline.
The only difference lies in the purchase process. Similarly, the major difference between an online and offline term plan is the process of purchase and the secondary difference is that the online term plans are available at approximately 30 to 40 percent lower premiums compared to offline term plans. Offline term plans are costlier due to distribution costs associated with the same whereas, these costs are absent in an online term plan and as such the benefit of the same is passed on to the policy holders in terms of lower premiums.
All other benefits remain the same for both online and offline customers. The same service, benefits are applicable to both.
It is always prudent to buy an individual life insurance policy because
a. The amount of insurance you are covered for may not be a very large sum
b. If your employer decides on cost-cutting, you may no longer be insured
c. If you decide to leave your employer, you may no longer be covered
d. The older you are when you buy insurance, the higher is the premium you have to pay for the same insurance cover.
Buying a term plan online is one of the cheapest modes to buy insurance as it saves your time and money. With the arrival of e-commerce the world has moved ahead fast, competitively.
Online term insurance can be purchased in 09 minutes flat and in 3 simple steps. Simply enter your basic details like age, policy term that you wish to be covered for, Sum assured that you wish to apply for and calculate your premium. Then proceed to create an eQuote and fill in your basic details like employment, family, medical history and lifestyle details. Next you can make the payment through your credit/debit card or internet banking account and your application for term plan is completed.
For any queries/assistance call up the life insurance companies' helpline number listed on the website and clarify your concerns before making the purchase.
AEGON Religare.com ensures that every transaction you conduct online is in a safe and secure environment. To achieve this, AEGON Religare.com is protected by Secured Socket Layer (SSL) technology by VeriSign, the leaders in encryption technology. The process of encryption takes your credit card information and converts it into bits of code that are securely transmitted over the Internet. This scrambled data cannot be read as the information travels over the Internet. AEGON Religare doesn’t store any Credit/Debit card, Internet banking related information from the customer.
AEGON Religare life insurance is the pioneer in online insurance and it introduced India's first online term plan in Oct'2009. Since then AEGON Religare have sold over 35,000+ policies online and continue to service customers on this platform directly.
• iTerm offers you the option of the longer term available under any term plan today.
• iTerm also offers you an inbuilt Terminal illness benefit at No extra cost.
• Cover against all forms of death, including terror attacks.
• Choice of 3 additional riders.
• Tax benefits under Sec 80C.
An insurance agent will tell you that a good estimate for calculating your insurance amount should be 8-10 times of the gross yearly income of the insured. All though this a good rule of thumb but at the same time, is also an oversimplified way of calculation. This calculation does not factor in the life style or debts of the insured, as different people have varying lifestyle and different amount of debt to repay.
Use our simple and effective calculator to check your ideal insurance amount.
Ideally, the term of your policy should be equal to the number of years your family will be dependent on you financially.
A nominee is a person who is eligible to receive the coverage amount from insurance policy in the event of death of the applicant.
If death takes place during the term of the insurance policy, then the nominee receives the sum assured under the plan.
Once the policy is issued, Premium will remain the same for the entire tenure of the policy. This is subject to service tax regulations as declared by the Government of India.
Once the policy is issued you are covered across the globe. Even in case you get an opportunity to work abroad the coverage shall be applicable.
In case you are a frequent traveler to foreign locations, you need to just disclose the same in the form with respect to the ‘travel question'. You do not need to inform the company of your travel abroad unless you have already got an offer or work permit and are in the process of migrating while applying for the policy.
Post applying for the plan if one is travelling abroad or attains an NRI status, the cover from the term plan will still be applicable.