To know more about Aegon Life iTerm Plan click hereĭisclaimer: This article is intended for general information purposes only and should not be construed as insurance or legal advice.
It is truly a ‘protection that grows with you'. This way you can be certain that you are not only leaving behind financial protection for your kids and grandkids but you are leaving behind a legacy for them for when you are not around. This however, is not the case with Aegon's iTerm plan, which offers coverage upto 100 years ensuring you reap the benefits that this plan provides. Most people tend to neglect or delay buying term plans because they think they might outlive the policy term, and will lose out on the benefits that it provides. Even these tests are mostly conducted at your home. Furthermore, as the purchase is from the comfort of your couch at home or desk at the office, the only time you may need to move is for the preliminary medical tests. Also buying a term insurance plan online could be easier on your pocket as compared to buying one from an agent. As Term plans are available online, they are easy to understand, compare, and buy. Moreover, a substantial term life insurance plan at an affordable price will help you achieve better benefits in terms of protection, along with better transparency in terms of costs incurred.
Savers are increasingly realising it is crucial to separate protection needs from investment needs. Terms plans are relevant when you have dependents - spouse, children, and parents - who might need protection from short-term liabilities such as loans upon your death. You can contentedly live in the present, knowing that you’ve provided for your family’s comfortable future without you. With its extensive features, Aegon Life iTerm Plan can protect your family against financial distress upon your death. The five add-on optional coverages ( riders) – AD, Disability, CI, Women CI, and Women CI+WoP – can be added or removed during the premium payment term of the base plan.Lapsed policy can be revived within two years from the due date of the first unpaid policy premium.Conditions apply to suicide, terminal illness, and the life-stage option.You can cancel the policy within 30 days of purchase, if you're not satisfied with the term and conditions of the coverage in the policy document.Surrender value is available only for Single Premium.25 lakh for either a policy term between 5 and 62 years or fixed term coverage till age 100 years You should be 1 8 -65 years old and purchase a minimum sum assured of Rs.Related: 5 Mistakes you must avoid when buying a term plan Related: How insurance needs change at every life stage To be adequately prepared, you may want to consider Aegon Life’s iTerm Insurance Plan – a comprehensive financial protection solution as an online term plan for up to 100 years. It’s cost-effective with low premium rates, especially for non-smokers and women, and with a high sum assured. Term plans turn out to be apt for dealing with the distress of this risk, as they offer guaranteed protection to your family, by paying them the sum assured, upon your death during the policy's term. As further investments in assets such as PPF, MF, equity, and gold stop abruptly, the incomplete corpus of wealth can't provide for your spouse in old-age nor for your child's higher studies. Premature death exacerbates the traumatised surviving family's loss with disruption in income. But then, what about a car or health insurance, where, unless there is a claim, there is no pay out? These are protection products - they provide financial support to the nominees of policyholders, leaving them less vulnerable to the vagaries of life situation.
And if you think that premiums for term insurance are wasted as there is no pay-out unless the policyholder expires, you probably won't be alone. In fact, term plans can be the legacy you leave behind for your family, which protects and provides for their sustenance and care even in your absence. Related: The impact of life insurance over the worldĪ term plan is the solution to this problem. On the contrary, you’d want them to have a regular monthly income even if you’re no longer around. You don’t want to be that someone who didn’t provide for the financial security of your surviving family after you’re gone. While no one plans to fail, many fail to plan.
You or your family can react better to such eventualities only if you’re prepared. You must be familiar with the saying, “Life is 10% what happens to you and 90% how you react to it.” Apart from opportunities and accomplishments, this 10% includes untoward events such as death, disease, or disability.