"Spending a whole day looking for insurance is fun," said nobody, EVER!
  • AEGON Life Group Credit Life Plan

    Aegon Life Insurance

    Overview

    Aegon Life Group Credit Life Plan not only provides the members of the group with a life insurance plan but it also covers the outstanding loan amount so that the family doesn’t have to bear the financial burden in case of death of the insured.

    Eligibility Criteria for Aegon Life Group Credit Life Plan

    Eligibility criteria

    Description

    Minimum age at entry

    18 years

    Maximum age at entry

    55 years

    Minimum sum assured

    Rs.50,000 per member

    Maximum sum assured

    No limit

    Maximum age at maturity

    65 years

    Minimum size of the group

    50 members

    Maximum size of the group

    No limit

    Premium payment term

    Single, regular or lifetime

    Minimum policy term

    24 months for single premium and 60 months for regular premium

    Maximum policy term

    120 months

    Key Features of Aegon Life Group Credit Life Plan

    Listed below are the key features of Aegon Life Group Credit Life plan

    Type

    Regular protection plan

    Basis

    Group

    Coverage

    Death benefit- There are two types of death benefit offered under this plan.

    • In case of unfortunate demise of the insured, the sum assured will be paid as death benefit
    • Decreasing sum assured- In case of unfortunate demise of the insured, benefit payable is the sum assured as per the sum assured schedule.

    Grace period

    A grace period of up to 30 days is allowed on the policy

    Service tax

    Service tax is applicable

    Free look period

    The policy offers a free look period of up to 15 days

    Advantages of Aegon Life Group Credit Life Plan

    Listed below are the advantages of Aegon Life Group Credit Life plan.

    • The plan not only offers life cover but also covers the outstanding loan amount in case of death of the insured
    • Choice of various premium payment terms
  • reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.