Aegon Life Pension Plans

Aegon Life Insurance Company Limited started its pan-India operations in July of 2008 with a vision to help people plan their life better using a multi-channel distribution strategy. The company has grown to be a strong plater in the insurance sector. has introduced different types of life insurance products at attractive premium rates.

What are Pension Plans?

Pension plans are plans that look after your income flow after your retirement. After retirement, even when there is no source of income, your lifestyle expenses are always going to be there. You are required to make an arrangement to meet your day-to-day expenses. This is when a retirement or comes in handy, as it serves as a source of regular cash flow enabling you to enjoy your retirement period, without any worry.

Features of Pension Plans:

The unique features of pension plans are:

  • Pension plans are of two types - Immediate Annuity Plans and Deferred Annuity Plans. In case of Immediate Annuity, a lump sum is payable by the policyholder and annuity payments are started immediately from the next period selected. Deferred annuity plans involve payment of premiums by the policyholder, accumulating into a corpus, after which annuity payments are started from the vesting date.
  • It does not provide . When the annuitant or a joint life annuitant dies, the annuity payment ceases. However, in case of deferred annuity, death benefit is applicable if the annuitant dies within the deferment period.
  • On vesting, you can either use the entire corpus to avail annuity or withdraw 1/3rd of it in cash and use the remaining to avail annuity. The withdrawn portion is called commuted pension.

Aegon Life Pension Plan or Retirement Plan:

Aegon Life Insurance Company offers you a plan that will offer strength and support to you and your family post your retirement, for the rest of your life. These plans help you maintain your lifestyle enabling you to live the way you always have, without compromise.

Aegon Life Insta Pension Plan:

Aegon Life Insurance offers the Insta Pension Plan that ensures continuous income, post your retirement, for the rest of your life. It is an annuity plan that takes care of your financial needs by providing you immediate pension.

Benefits of Aegon Life Insta Pension Plan:

The following benefits can be availed under this plan:

Lifetime Income - Depending on the annuity payout option that you can choose under this plan, you and your spouse can avail an income for life.

Annuity Payout Options – There are two types of annuity payout options to choose from – Life Annuity and Joint Life Annuity.

Annuity Payout Mode – There are two modes of annuity payouts, annual and monthly.

Premiums – A minimum premium of Rs.1,00,000 can be opted for with no limit on the maximum premium.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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Aegon Life Insurance Pension Plans Reviews

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  • LIC Life Insurance
    "Wonderful policy"
    0.5 5.0/5 "Blown Away!"
    Its because of the trustworthy i have purchased the life insurance policy from LIC. I have been paying the premium amount of Rs. 50K in a year. The Jeevan Anand policy is having a double benefits hence i have chosen and the benefit is like it has 2 time returns one is on the time of maturity and another one is at the time of retirement.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Jul 18, 2019
  • Tata AIA
    Tata AIA Life Insurance
    "Reliable policy"
    0.5 4.0/5 "Great!"
    I have taken my life insurance policy from TATA AIA. They take care of their customers and they are not aggressive in market for selling the policies. They take care of their schemes nice. Whatever the bonus they are providing its good and they gives for every year, there is no delay on that. I have a endowment plan with them and iâ??ve taken this policy for my retirement purpose. Once it matured, i can surrender the policy to get the best returns. I give them a annual payment through online.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 30, 2019
  • LIC Life Insurance
    "Good investment plan "
    0.5 5.0/5 "Blown Away!"
    I invested my money in LIC policy for a maturity amount of 8 lakhs for next twenty years . I need to pay a premium on monthly mode which will be deducted from my salary account . With my own interest I started this policy , so that after my retirement I might get good lump sum amount .
    Was this review helpful? 0
    , chennai
    Reviewed on Apr 15, 2019
  • LIC Life Insurance
    "Trust worthy and Good Pension Plan"
    0.5 5.0/5 "Blown Away!"
    I pay Rs. 30,000 per annum for my personal plan for the duration of 25 years, I need to pay upto 50 years of my age, finally the retirement fund and pension I will amount. LIC has the good tax benefits, and they do have life coverage. Agent are good, they have different payment option. I have activated this plan before five years.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 17, 2019
  • LIC Life Insurance
    "Good Saving "
    0.5 4.0/5 "Great!"
    I have one LIC Policy, after 60 years they give some retirement benefits and my sum assured is around Rs. 2.30 lakhs. I make the monthly premium of Rs. 1137 it has term of 20 years. Agent are professional they explained it everything, the online payment gateway is easy.
    Was this review helpful? 0
    , new delhi
    Reviewed on Feb 25, 2019
  • Kotak Life Life Insurance
    "Great Policy "
    0.5 5.0/5 "Blown Away!"
    I have purchased a retirement plan from Kotak mahindra. I'm getting a bonus point from every year. Since I'm paying the premium on time, they are providing the bonus points of 25000. Total tenure period of the policy 15 years. I compared with other companies, since the benefits are good, i have selected this company.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 27, 2019
  • LIC Life Insurance
    "Satisfactory"
    0.5 4.5/5 "Excellent!"
    I have taken another policy with LIC. It is a Jeevan Saral policy. The premium is normal. The sum assured and the policy benefits are good. I would get the benefits of this policy after the retirement. It has been a very good experience till date.
    Was this review helpful? 3
    , vadodara
    Reviewed on Sep 18, 2018
  • HDFC Life Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I've a Life insurance policy from HDFC Life. I pay a premium of 24000/ year. It is a retirement plan to be specific with 60% annuity pension. Overall I never had any issues with their services. I make payments online because it is convenient for me.
    Was this review helpful? 0
    , chennai
    Reviewed on May 17, 2018
  • LIC Life Insurance
    "Retirement policy"
    0.5 4.0/5 "Great!"
    I have taken a life insurance from LIFE INSURANCE CORPORATION OF INDIA. The premium amount will be deducted monthly from my salary. I have to pay till my retirement and its a life cover policy. And it will get benefited to my family as well.
    Was this review helpful? 0
    , secunderabad
    Reviewed on Feb 01, 2018
  • Tata AIA Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    It is a retirement policy and taken before 7 years. I have chosen TATA AIA because the benefits are good. The customer service and response was up to the mark. After maturity period, I will get good return and which is guaranteed. The tenure period is 35 years.
    Was this review helpful? 0
    , thane
    Reviewed on Jan 25, 2018
  • LIC Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have taken a Life Insurance with SBI Life.The policy is taken 20 years ago.The policy is applicable till retirement from the bank post that also its applicable provided should pay some sum to continue the service.I get a policy coverage of 7 lakhs.I pay a premium of 400 debited from my salaried account.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 15, 2017
  • LIC Life Insurance
    "Return are good"
    0.5 5.0/5 "Blown Away!"
    I have taken a 18 Year Plan with LIC and felt the timing that I have calculated will be spot on. The return calculated will be pretty useful during my Retirement. I have been paying Rs.7000 yearly towards this Life Insurance. The return of them is pretty good.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Nov 29, 2017
  • LIC Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have the life insurance with LIC and it has the tenure up to the retirement. The customer support is good with LIC.. I pay the premium of Rs,.300 every three months once. The plan benefits and the coverage is good with this life insurance policy,
    Was this review helpful? 0
    , visakhapatnam
    Reviewed on Nov 11, 2017
  • LIC Life Insurance
    "EXCELLENT"
    0.5 5.0/5 "Blown Away!"
    Apart from being a customer of LIC, I have taken it up as a part time job as well. I would say that this company provides what ever is promised, unlike the private companies who provides an insured amount as per the current market rate. The policy I have would serve my purpose as it gets matured nearing the time of my retirement. It is like a pension plan.
    Was this review helpful? 0
    , chennai
    Reviewed on Oct 17, 2017
  • LIC Life Insurance
    "Better Endowment plan"
    0.5 5.0/5 "Blown Away!"
    I got a LIC Life insurance policy for past 4years. I pay the premium of Rs.4590. The plan benefits and the coverage is good with this policy. This policy has the retirement plan , where the nominee is getting the amount of Rs,20,000 per month after the maturity period,
    Was this review helpful? 0
    , siliguri
    Reviewed on Oct 06, 2017
  • LIC Life Insurance
    "Better "
    0.5 3.5/5 "Pretty good"
    I am having the life insurance policy with the LIC of India and the coverage value is around 2 lakh Rupees. Customer service is fine one with them and the total tenure is around 25 years of time, also its the retirement type of policy.
    Was this review helpful? 0
    , jamshedpur
    Reviewed on May 18, 2017
  • LIC Life Insurance
    "Wonderful "
    0.5 4.0/5 "Great!"
    I have life insurance policy with the LIC of India and the premium is around 3300 Rupees per month. I need to pay this premium till the retirement stage and its been arranged by Tamilnadu government . Payment is done by ECS , so there are no issues with them.
    Was this review helpful? 0
    , chennai
    Reviewed on May 17, 2017
  • LIC Life Insurance
    "Best policy in LIC"
    0.5 5.0/5 "Blown Away!"
    I would like to give 5 stars for LIC it is the best one and this is controlled by the Government of India. I had taken around 8 policies Jeevan anamd. the reason for opting this policy was because after retirement it provides a coverage which is very good . I am supposed to pay around 1200 and for another policy is 350 and coverage is 3 lakhs
    Was this review helpful? 0
    , thrissur
    Reviewed on Feb 05, 2017
  • ICICI Prudential Life Insurance
    "Very good support"
    0.5 5.0/5 "Blown Away!"
    ICICI prudential life is providing a very good support and good service. One of my friend is working with ICICI Prudential he recommended this policy and therefore I had opted for this. At the time of retirement I would get the sum assured and I get a good payment from them. Most probably I would get 50% returns I guess.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Jan 13, 2017
  • LIC Life Insurance
    "The best"
    0.5 5.0/5 "Blown Away!"
    Apart from being a customer of LIC, I have taken it up as a part time job as well. I would say that this company provides what ever is promised, unlike the private companies who provides an insured amount as per the current market rate. The policy I have would serve my purpose as it gets matured nearing the time of my retirement. It is like a pension plan.
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 08, 2016
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