batrest.blogg.se - Iterm aegon religare life insurance review

Riders – Aegon Life Waiver of Premium on Critical Illness Joint Life Rider is available under the plan for increasing the scope of coverage.In case of an accidental death of Sheetal, her husband will get an additional payout of Rs.50 lakhs as lump sum.Īdditional Benefits of Aegon Life iSpouse Insurance Plan Total benefit paid =Rs.2.05 Crores (Rs.1 C rore + Rs.1.75 lakhs for 60 months)

In case of an accidental death of Ramesh, her wife will get an additional payout of Rs.50 lakhs as lump sum. Total benefit paid = Rs.2.05 Crores (Rs.1 Crore +Rs.1.75 lakhs for 60 months) Ramesh aged 30 years and his wife Sheetal took iSpouse Plan for a policy term of 30 years for a sum assured of Rs.1,00,00,000/. Let's Understand The Plan With An Example: The Aegon Life iSpouse Insurance Plan offers many benefits that we want you to understand with ease. (65 – higher of the entry age of both the lives)ĭepends on Sum Assured, age and plan tenure The other eligibility criteria of the plan includes: The plan can be bought only by Resident Indians. REQUEST A CALLBACK Eligibility Criteria of Aegon Life iSpouse Insurance Plan The death benefit or the maturity benefit received would also be tax exempt under Section 10(10D) of the Income Tax Act.

Tax benefit – Premiums paid under the plan would be exempt from tax under Section 80C up to a limit of Rs.1.5 lakhs.

Loan –Loans are not available under the plan.

Bonus – This is a non-participating plan and as such, bonuses are not declared.

However, when the insured dies after the illness, the death benefit payable would be net of the Terminal Illness Benefit already paid under the plan.

All future premiums payable would also be waived. Terminal Illness Benefit – If either of the partners contracts any terminal illness during the plan tenure, 25% of the Sum Assured would be paid immediately subject to a maximum of Rs.1 crore.Accidental Death Benefit – If any of the insured partners die due to accident, an additional 50% of the Sum Assured limited to a maximum of Rs.1 crore is paid along with the above-mentioned death benefit.If the surviving partner dies during the monthly benefits, the benefits would be paid to the legal heir of the couple for the fixed tenure. 1.75% of the Sum Assured is additionally paid monthly for a fixed period of 5 years after which the plan terminates. Death Benefit – If either one of the couple dies during the plan tenure, 100% of the Sum Assured is immediately paid to the surviving partner.Maturity Benefit – Being a term plan, no maturity benefit is paid if the plan matures.There is no maturity benefit payable under this plan.īenefits and Features of Aegon Life iSpouse Insurance Plan.In case of death, the death benefit available under the plan is paid.

The premium is payable for the specified tenure failing which the plan lapses and no benefits accrue.The policyholder chooses the Sum Assured and the plan tenure based on which the premium is calculated.Working of the Aegon Life iSpouse Insurance Plan Both of these inbuilt riders increase the scope of coverage provided under the plan. There are two inbuilt riders in the plan which is Accidental Death Benefit and Terminal Illness Benefit.The plan has dual death benefits where a lump sum is paid immediately on the death of any of the partners and a monthly benefit is also paid for a fixed period of 5 years post death.This is a traditional Joint Life Term Assurance plan covering a married couple which can be bought online.Highlights of the Aegon Life iSpouse Insurance Plan The Aegon Life iSpouse Insurance Plan is a joint life Term Assurance Plan which extends term insurance to both the husband and wife in one plan.