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AEGON Religare iTerm Insurance Plan

If you want your family to maintain the same lifestyle in your absence, this plan is for you. AEGON Religare’s iTerm Insurance Plan deals with your concern and ensures protection for your loved ones - at a fraction of the cost. Plus, you can avoid the hassle of going through the tedious paper work and do it online!

You can purchase this plan if you:

  • Are the sole or major earning member in your family
  • Are a regular traveller and prone to more accidents
  • Have many financial liabilities 
  • Have dependents

Ms.Shalini (age 31 years) is a professor at a university. She is a widow and takes care of her son - Amog, 4 years. Shalini has recently lost her husband and understands that lack of insurance can hit you hard in case of a sudden unfortunate event. To ensure that in her absence her son’s future is secured and he continues to live the same lifestyle as he does now, she opts for AEGON Religare’s iTerm Insurance Plan. She also opts for additional riders i.e. Accidental Death Rider (AD Rider) and Women Critical Illness Rider.

Her plan details are as follows:

Cover Amount (Sum Assured): Rs.50 lakhs,

Accidental Death Rider Cover Amount (Sum Assured): Rs.20 lakhs,

Policy Term: 44 years i.e. (75 years - current age),

Annual Premium: Rs.5,108 (exclusive of service tax).

Shalini gets multiple benefits from iTerm

Total Payout = Rs.72.5 lakhs (Rs.2.5 lakhs on diagnosis of ovarian cancer + Rs.50 lakhs cover amount + Rs. 20 lakhs for Accidental Death Rider Cover Amount)

  • Life Cover
  • 25% advance payment on diagnosis of Terminal Illness
  • Accidental Cover (only when Rider is purchased)
  • Payout of lump sum amount and Waiver of Premium on Critical Illness (only when Riders are purchased)
  • Payout on diagnosis of women specific critical illnesses (only when Rider is purchased)
  • Hassle free online purchase
  • Tax benefits under Section 80(C) and 10(10)D as per prevailing tax laws. Please consult your tax advisor for details

This plan provides comprehensive protection to your family and helps them maintain the same lifestyle. And all this is at fraction of the cost and available in a few clicks.

This is an online term plan and can be purchased by making a payment online

Step 1: Decide the amount of life cover you need

Step 2: Calculate your premium amount

Step 3: Enter the details requested for and get a premium quote

Step 4: Pay online using either your debit/credit card or your internet banking a/c

Step 5: Expect a verification call from AEGON Religare call centre, once you apply for the policy

Once the payment is made your policy shall be issued within 10-14 working days.

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Product Name:AEGON Religare iTerm Insurance Plan UIN 138N016V03

For more details on terms and conditions, please read the sales brochure carefully before concluding a sale.

Insurance is the subject matter of the solicitation.

You can make your plan more comprehensive by choosing any of the following suitable riders:

AEGON Religare AD Rider (UIN 138B006V02): This Rider covers accidental death. In case of death due to accident, the cover amount (Sum Assured) under the rider will be paid.

AEGON Religare WOP Rider on CI (UIN 138B007V02): 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 Religare iCI Rider (UIN: 138B011V01): 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 Religare Women CI Rider (UIN 138B005V02): 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.

These riders can be attached to a base plan on policy commencement or at any time during the term of the base plan. Please refer to the sales brochure of these riders to understand the terms & conditions before concluding a sale.

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