Aegon Life Group Term Insurance Plan

What is the Plan all About?

Aegon Life Group Term Insurance Plan provides the members of the group with a life insurance plan so that their families’ needs are looked after.The earning member of the group is the income generator on whom the family is financially dependent. With Aegon’s group term plan, the employees or members of the group can have a safety net for their families at a nominal premium cost.

What are the key features?

One policy securing multiple lives
Nominal premium charge
Guaranteed sum assured on death
Members can be excluded or included on a monthly basis
Minimum group size is 50 members
No maximum limit on the group members
Policy is renewable after 1 year

What are the Plan Benefits?

Death Benefit

On the death of any of the members of the policy, the guaranteed sum assured is payable to the family of the deceased.

Maturity Benefit

It is a pure protection plan and no maturity benefits are payable.

Surrender Benefit

The policy does not acquire any surrender value throughout the policy term and therefore there is no amount payable to you upon surrender.

Who can Buy the Plan?

Factor	Minimum	Maximum
Age (as on last birthday)	18 Years	59 Years
Age at Maturity	-	60 Years
Policy Tenure	1 Year (yearly Renewable)	-
Premium Paying Term	Same As Policy Term	-
Premium Paying Mode	Annually,Semiannually, Quarterly,Monthly(via ECS)	-
Sum Assured	Rs 5,000 Per Member	Rs 2 Lakh Per Member
Maturity Benefit	Nil	-
Plan Type	Offline	-