aegon life insurance inner
Aegon Life Insurance Company

Aegon Life Insurance

Having headquarters in Mumbai, Aegon Life Insurance started a joint venture between Aegon N. V, a popular global life insurance provider, pensions and asset management, and Bennett Coleman and Company, India’s largest media conglomerate popularly known as the Times Group. This bond successfully has brought together the local approach and the global expertise in the field of life insurance to cater to the varied needs of different individuals. It is a leading digital life insurance company in India, which is the first insurance provider that has launched online term insurance plans in the country.

Aegon Life is an ever-growing life insurance provider that always prioritizes the needs of its customers and has come up with unique consumer-friendly plans. The company always focuses on innovative digital-first solutions having the aim to enable its customers to live a hassle-free life. The company has also come up with a Direct to Customer facility that easily connects the customers with the company and helps to maintain transparency and greater clarity. To address the different needs of the consumers, Aegon Life Insurance has presented a sack full of different life insurance plans with lots of variants.

Key Facts About The Company

To know more about the key facts of the company, have a look at the below table.

ParametersKey highlights
Incurred claim ratio (in the financial year of 2020-2021)99.25%
Investment (AUM) as on March 31, 2020Rs. 1779.33 crores
Premium underwritten (in the financial year of 2019-2020)Rs. 575.74 crores
Solvency Ratio (March 2020, for life insurance)2.36
Online plansAvailable
Equity Share Capital (as of March 31, 2020)Rs. 1465.60 crores
Awards and Recognitions
  • “Digital Company of the Year-2020” at India Insurance Summit 2020.
  • ‘Best BFSI Brand 2019”, at India-UAE strategic conclave.
  • “Digital Insurer of the Year’ in 2018’s edition of Indian Chamber of Commerce awards.
  • Best Service Quality Program Award’ at the Service Quality Awards 2016.
  • ‘Celent Model Insurer Asia Award 2016’ in Data Mastery and Analytics Category.

Types of Plans Offered By Aegon Life Insurance

To cater to the different needs of the policy-seekers, Aegon Life Insurance has come up with a wide array of life insurance plans ranging from retirement plans, ULIP plans, term plans to savings plans and many more and each plan has various variants to choose from, so that, everyone can find the ideal one for him/her. Have a look at the below table to know about the various life plans offered by Aegon Life Insurance.

Plan TypePlan Name
Term Insurance and Health PlansAegon Life Saral Jeevan Bima
Aegon Life Group Term Plus Insurance
Aegon Life Group Credit Protection Insurance Plan
Aegon Life Rural Term Insurance Plan
Aegon Life Group Health Plan
Aegon Life iTerm Insurance Plan
Savings and Retirement PlansAegon Life POS Guaranteed Return Insurance Plan (POS-GRIP)
Aegon Life Saral Pension Plan
Aegon Life Jeevan Riddhi Insurance Plan
Aegon Life Regular Money Back Insurance Plan
Aegon Life Insta Pension Insurance Plan
ULIP PlansiInvest Plan
iMaximize Plan
Corona specific planCovid-19 Insurance Plan
Critical illness-specific planCritical Illness Insurance Plan

1. Term Insurance and Health Plans

i. Aegon Life Saral Jeevan Bima

It is a non-linked non-participating individual pure term life insurance plan that aims to provide financial protection to the family, in case of the demise of the insured person during the policy term. This plan has been launched recently and is exposed to market risks and can be purchased online.

Key highlights of the plan:

  • It is a cost-effective term plan that offers you the flexibility to choose the policy term and premium payment term according to your convenience.
  • In case of the unfortunate demise of the insured person, the family gets a lump sum amount as a death benefit if the plan is active and the event happens before the date of maturity.
  • Under this policy, one can also opt for the Aegon Life AD Rider that will offer the family of the insured person an amount equal to the rider sum assured in case of accidental death of the Life Assured during the Rider Term. This amount will be in addition to the death benefit under the Base Policy.

Eligibility

Entry age

Minimum – 18 years

Maximum – 65 years

Maximum maturity age70 years
Sum assured

Minimum – Rs. 5 lakhs

Maximum- Rs. 25 lakhs

Premium payment option
  • Single Pay – Pay only once
  • Regular Pay – Equal to the policy term
  • Limited Pay – 5 Pay and 10 Pay
Policy term

Minimum – 5 years

Maximum – 40 years

ii. Aegon Life Group Term Plus Insurance

This term plan is ideal for the employer-employee, non-employer-employee, and EDLI groups who want to secure the health of their employees and their families at an affordable premium rate.

Key highlights of the plan

  • One cannot avail of a loan under this product.
  • The insured person can enjoy enhanced protection with a TI rider that is 100% of the base sum assured if he/she is diagnosed with a terminal illness.
  • One can avail of the choice of 3 options with 100% of the rider sum assured payable if the insured person is diagnosed with a critical illness for the first time.

Eligibility

Entry age

Minimum -14 years

Maximum – 85 years (depends on the type of the benefit)

Maturity age

Death benefit – 86 years

Accidental death benefit – 75 years

Minimum sum assured

Rs. 5000

For EDLI groups – Rs. 3,61,000

Premium payment frequencyHalf-yearly, annually, monthly
Size of the groupMinimum 20 members for EDLI group

iii. Aegon Life Group Credit Protection Insurance Plan

This plan offers comprehensive life insurance cover that protects the members of the insured person’s family in case of his/her unfortunate demise within the active policy term and also offers adequate cover for their existing loan liabilities.

Key highlights of the plan:

  • The plan provides comprehensive protection against death, terminal illness, 36 specified critical illnesses, accidental death, and accidental total and permanent disability.
  • One can choose from the Cover Single Life (borrower) and Join Life (borrower and co-borrower) options. The insured person also has the flexibility to choose from 7 different coverage options that can be customized as per the requirements of the policy-seeker.
  • The plan provides coverage for a wide array of loan types, ranging from education, personal, micro to business loans.

Eligibility

Entry age

Minimum – 18 years and 14 years

Maximum – 69 years and 50 years

Maximum maturity age70 years and 80 years
Moratorium period

Minimum – 1 month

Maximum – 180 months

Minimum sum assured per memberRs. 5000
Group size

Minimum – 5 members

Maximum – No upper limit

iv. Aegon Life Rural Term Insurance Plan

This single premium term plan is specially designed for rural people, under which one can stay protected for 5 years by just paying once.

Key Highlights of The Plan

  • This is a non-linked, non-participating individual term plan.
  • In case of the unfortunate demise of the insured person during the active policy term, one can avail of the death benefit that is equal to the sum assured.
  • The insured person can avail of the tax benefit as per prevailing tax laws.

Eligibility

Entry age

Minimum – 18 years

Maximum – 45 years

Maximum maturity age50 years
Policy term5 years
Premium payment termSingle premium
Premium amount

Minimum – Rs. 300

Maximum – Rs. 1000

v. Aegon Life Group Health Plan

This is a comprehensive group health plan that aims to safeguard the family members of the insured person from different types of life eventualities such as cancer, disability, vector-borne diseases, and many more.

Key highlights of the plan:

  • This plan provides cover for every stage of cancer, major heart conditions including heart attack, heart transplant, respiratory conditions like asthma, 15 major neurological conditions, renal care including kidney transplant and kidney failure, vector-borne diseases.
  • Under this plan, one can enjoy protection against all illnesses and accidents that result in disability. This plan also comes up with covid-19 cover.
  • The policy-seeker has the flexibility to choose the benefits and customize the plan according to his/her convenience.

Eligibility

Entry age
  • Cancer Care – 14 years to 65 years
  • Vector Care – 91 days to 65 years
  • All other Variants – 18 years to 65 years
Maximum maturity age70 years (subject to the terms and conditions of the company)
Minimum sum assured (per member)
  • Vector Care – Rs. 10,000/-
  • Covid Care – Rs. 10,000/-
  • All other Variants – Rs. 50,000/- each variant
Policy term1 year
Policy payment term1 year

vi. Aegon Life iTerm Insurance Plan

This is a pocket-friendly comprehensive protection plan that has come up with 3 variants to choose from, namely – Life Protect, Protect Plus, and Dual Protect. It offers you the flexibility to choose the benefits and to build your own plan according to your needs to protect your family.

Key Highlights of the plan:

  • Under this plan, one can avail of a lump sum payout on the diagnosis of 36 specified critical illnesses including cancer, heart attack, kidney failure, etc. In the case of terminal illnesses, the insured person is entitled to receive the life cover amount to handle the expenses of his/her treatment and other financial situations.
  • This plan offers life cover till the age of 70 years and the premium rate is lower for non-smokers and women.
  • One can enjoy the flexibility to choose death benefit payout as lump sum amount or as monthly income or both. Tax benefits are available with this policy according to the prevailing tax laws.

Eligibility:

Entry age

Minimum – 18 years

Maximum – 50 years and 65 years (depends on the chosen policy)

Maturity age

Minimum – 23, 28, 65 and 70 years (depends on the chosen policy)

Maximum – 100 years

Policy term5, 15 and 20 years
Base sum assured

Minimum – Rs. 25 lakhs

Maximum – No upper limit

Premium payment frequencySingle, annual, half-yearly and monthly

2. Aegon Life Savings and Retirement Plans

i. Aegon Life POS Guaranteed Return Insurance Plan (POS-GRIP)

A non-linked, non-participating life insurance plan that aims to offer guaranteed returns in the form of a lump sum payout at the time of maturity and also comes with life cover benefits for the entire policy period.

Key highlights of the plan:

  • In case of the unfortunate demise of the insured person, or the maturity of the, 100% returns are guaranteed. The payout from the plan will be 225% to 325% of the basic sum assured and the amount will be displayed to you, even before you purchase the policy.
  • At the end of every year, the company promises to add 10% of the basic sum assured to the investment of the insured person, throughout the policy term.
  • One can also avail of the facility of the Loyalty Booster that is equal to 25% of the basic sum assured at the time of maturity of the plan.

Eligibility:

Entry age

Minimum – 1 year

Maximum – 50 years

Maturity age

Minimum – 18 years

Maximum – 65 years

Premium amount

Minimum: Rs. 10,000 for yearly mode; Rs. 7,500 for half-yearly; Rs. 1,500 for monthly mode.

Maximum: Rs. 100,000 for yearly mode; Rs. 51,200 for half-yearly mode; Rs. 8,700 for monthly mode.

Policy term10 years to 20 years
Premium payment term5, 7, and 9 years

ii. Aegon Life Saral Pension Plan

If you want to generate a regular flow of income in your golden days of retirement life and to live a hassle-free and secure life, this plan is ideal for you. This plan also offers financial security to your spouse in absence of you.

Key highlights of the policy:

  • In case of the unfortunate demise of the annuitant(s), 100% of the purchase price is paid to the beneficiary.
  • One can also have the option to surrender the policy, in case of critical illness.
  • The policyholder just has to pay once and thus he/she can generate a guaranteed pension for his/her entire lifetime. In case of the death of the annuitant, the spouse will receive the same.

Eligibility:

Entry age

Minimum: 40 Years

Maximum: 80 Years

Annuity amount

Minimum: Rs. 1000 per month, Rs. 3000 per Quarter, Rs. 6000 Per half-year, and Rs. 12000 per annum.

Maximum: No upper limit

Policy termEntire life
Premium payment optionSingle Premium, being the purchase price for the annuity.
Mode of annuity paymentHalf-yearly, quarterly, monthly, and yearly

iii. Aegon Life Jeevan Riddhi Insurance Plan

If you want a savings plus protection plan that will provide an extra boost to your savings to safeguard you and your family, this plan is ideal for you as it has come up with 55 guaranteed additions on the sum assured during the premium payment term.

Key highlights of the plan:

  • Under this policy, the insured person is eligible to avail of loans for meeting the unplanned financial situations.
  • This plan offers life cover to your family and also provides a lump sum amount at the time of maturity.
  • Under this plan, one can avail of enhanced protection against death due to accident and also you can enjoy a waiver on premium upon Disability.

Eligibility:

Entry age

Minimum – 18 years

Maximum – 55 years (for Limited Pay) and 60 years (for Single Pay).

Maximum maturity age70 years
Policy term

For Limited Pay Policies – 10 years to20 years

For Single Pay Policies – 10 years

Premium payment modeMonthly. Half-yearly and annually
Premium payment termSingle pay / (policy term – 5) years

iv. Aegon Life Regular Money Back Insurance Plan

This plan is specially designed for those who want a lump sum amount in case of death of the annuitant and also want to enjoy regular guaranteed income as it has come up with the promise of guaranteed pay-outs for 10 years and a life cover beyond the Premium Payment Term.

Key highlights of the plan:

  • The insured person has the flexibility to choose the premium payment term according to his/her convenience.
  • Under this plan, a loan facility is available to meet your financial crisis.
  • One can enjoy the benefit of a disability rider that offers some additional benefits in case of disability.

Eligibility:

Entry age

Minimum – 7 days

Maximum – 55 years (for 7 pay and 10 pay option)

60 years (for single pay option).

Maturity age

Minimum – 75 years (for 7 pay and 10 pay option)

Maximum -80 years (for single pay option)

Policy term20 years
Premium payment termSingle pay. 7 years and 10 years
Premium amount

Minimum – Rs. 12,000 per annum (for 7 pay and 10 pay option)

Rs. 1,00,000 per annum (for single pay option)

Maximum – No upper limit.

v. Aegon Life Insta Pension Insurance Plan

As the name suggests, this annuity plan offers you an immediate pension and creates a regular flow of income for your post-retirement life till death, so that you can maintain your lifestyle and enjoy the golden days of life.

Key highlights of the plan:

  • This is a non-linked non-participating individual immediate annuity plan where the annuitant cannot surrender this policy and also the loan is not available under this policy.
  • This plan offers two annuity payout options to choose from, namely, Life Annuity and Life Annuity with Return of Purchase Price.
  • The insured person can opt for any of the annuity payout modes, yearly, half-yearly, quarterly, and monthly.

Eligibility:

Entry age

Minimum – 50 years

Maximum – 80 years

Premium amount

Minimum – Rs. 2.5 lakhs

Maximum – No upper limit.

Premium payment termSingle premium

3. Aegon Life ULIP Plans

i. Aegon Life iInvest Insurance Plan

This is an online Unit Linked Insurance Plan (ULIP) offered by Aegon Life Insurance that has come up with a combination of protection and investment and the plan is flexible enough to suit first-time investors and market experts. The company invests 100% of the premium paid by the insured person to maximize the benefit and to reap the maximum fruits out of it.

Key highlights of the plan:

  • The Self-Managed Portfolio Strategy of the company offers the policy-seekers the facility to choose from 6 different funds to invest their money. You can also switch your invested premiums from one fund to another according to your convenience.
  • Under this plan, one can also increase investment by adding Loyal Units to his/her fund in the last 5 years of the policy.
  • If any unpredictable financial crisis arises, you can withdraw 20% of your investment only after 5 years. This plan also provides financial security to your family in your absence.

Eligibility:

Entry age

Minimum – 7 years

Maximum – 55 years

Maximum maturity age70 years
Premium payment frequencyMonthly and annual
Policy term10, 15, 20, and 25 years
Premium payment term5 years, 7 years, 10 years, or equal to the Policy Term.
Minimum premium amount

Rs. 48,000 (for 5 years premium payment term)

Rs. 36,000 (for 7 years premium payment term)

Rs. 24,000 (for 10 years/equal to policy term premium payment term)

ii. Aegon Life iMaximize Insurance Plan

This is also a type of ULIP Plan that has come up with financial protection benefits coupled with market-linked returns. This plan asks for no allocation charges, which means you can maximize the return from your investment as the full amount gets exposure to the fund of your choice.

Key highlights of the plan:

  • If you go for the Triple Benefit option, you can safeguard your child’s future even in absence of you.
  • This plan has come up with three Triple Benefits. For Triple Benefit 1, the sum assured is paid immediately and your future premiums are waived. For Triple Benefit 2, you can get an annual payout that is equal to your annual premium amount. For Triple Benefit 3, the insured person will receive the Total Fund Value at the end of the policy term.
  • The plan is flexible enough to give you the facility to invest as per your risk-taking capability and you also have the choice to invest your money in any of the funds out of 6 fund options.

Eligibility:

Entry age

Minimum – 7 years and 18 years

Maximum – 55 years and 50 years

Maximum maturity age70 years and 65 years
Premium payment terms5, 7, 10, 15 years or equal to the policy term
Policy terms15, 20, and 25 years

4. Aegon Life Corona Specific Plan

i. Covid-19 Insurance Policy

To fight against the global pandemic, Aegon Life Insurance has come up with a corona-specific term plan that has come up with various Life Cover options (up to Rs. 50 lakhs) and also COVID-19 Hospitalisation Cover (up to Rs. 5 lakhs).

Key highlights of the plan:

  • To avail of this plan, you need not go through any pre-policy medical check-up. This is an online policy and you can get your digital policy seamlessly within a very short period of time.
  • The plan has come up with 4 different variants to choose from depending upon the Life Cover amount that you have selected.
  • In case of the unfortunate demise of the insured person, the nominee can avail of the life benefit through the base plan to provide financial support to the family.

5. Critical Illness Specific Plan

i. Critical Illness Insurance Policy

This is a unique insurance plan offered by Aegon Life that offers life cover and health insurance, with a critical illness as an additional rider. This online plan provides financial protection against 36 specified critical illnesses.

Key highlights of the plan:

  • The policy-seeker is offered 5 different plan options to choose from depending upon the Life cover and CI Insurance amount.
  • In case of the unfortunate demise of the insured person, the assigned beneficiary will receive an assured death benefit.
  • If the insured person is diagnosed with any of the 36 specified critical illnesses, he/she will be paid an upfront lump sum amount that can be used to ease out the financial burden of medical treatment and other related costs.

Why Should You Go For Aegon Life Insurance?

As the insurance market is flooded with a bundle of life insurance companies that have come with a wide range of insurance plans along with different variants, it has become difficult for a policy-seeker to find an ideal company for him. But if you keep in mind a few parameters while selecting the most suitable life insurance company, the job can become easier. To lighten your burden, after evaluating and assessing all the parameters for Aegon Life Insurance, it has been found that this company can surely be on your bucket list. To find out the reasons, have a look at the below-mentioned facts.

Claim Settlement Ratio While you are investing in a life plan, you always expect to reap the maximum benefits from it and want the company to stay beside you in your most needed time. For this, the claim settlement ratio plays a pivotal role as it is an indicator of the company’s credibility. According to the IRDA Annual Report, the incurred claim settlement ratio of Aegon Life Insurance is 99.25% in the financial year of 2020-2021, which is way higher than many other life insurance companies. So, once you have bought a life plan for this company, you can stay relaxed.

Easy Claim Process For availing of a successful claim within a short period of time, the claim process must be easy and hassle-free. For Aegon Life Insurance, the claim process needs just 3 steps, and you are done. This has made the company more accessible and customer-friendly.

Market Share According to the IRDA Annual Report the premium underwritten in the financial year of 2019-2020 of Aegon Life is Rs. 575.74 crores, which highlights the company’s financial strength and its capability to handle the financial crisis situation in near future. This record has made the company more reliable and trustworthy.

Solvency Ratio A solvency ratio stands for the potential of the company to meet its long-term financial goal. If the solvency ratio is higher, it generally indicates that the company has the ability to pay off the lump sum amount of the claim amount of its customers. According to the IRDA Annual Report, the solvency ratio of Aegon Life Insurance Company as of March 2020 is 2.36, which is much higher than any other life insurer. So, you can certainly keep this company on your wish list.

Number of Policies If you have selected a company that fits every parameter but does not have a variety of policies, then it would be of no use as it cannot cater to your needs. So, while going for an insurer, you also have to look for the number of policies so that you can have enough options to choose from. Aegon Life has come up with a wide array of life insurance plans ranging from ULIP, term plans to retirement plans including several variants that can appropriately address your needs.

Online FacilitiesAegon Life always tries to stay up-to-date in accordance with the demand of the era. Under this company, you can purchase a number of life insurance policies online without any hassle. Apart from that, their official website has been built in such a way that you can do every policy related work there, including raising a claim, renewal of your policy, filing complaint, tracing the claim status, and many more.

Customer Service Aegon Life Insurance Company tries every possible way to stay connected with its valuable consumers. You can reach out to the company via mail or just by calling them. You can also locate their nearby policyholder service center to address your requirements. Their experts are always there to serve your needs. So, whenever you need the company, you can always find it beside you.

How To Calculate Premium For Aegon Life Insurance Plans?

You can easily calculate the premium of your desired policy just by visiting the official website of Aegon Life. For a particular policy, the premium amount differs on the basis of various factors such as age, policy term, chosen benefits, gender and many more. For your better understanding, here is an example.

Miss. Malini is a 36-year-old government employee. She opted for the Aegon Life Saral Jeevan Bima for a policy duration 0f 10 years and a premium paying term of 5 years. Let us find out how much she has to pay for choosing different sum assured options for the given criteria.

AgeGenderPolicy durationPremium paying termSum assuredYearly premium Amount (Including GST)
36Female10 years5 yearsRs. 5,00,000Rs. 5132
Rs. 10,00,000Rs. 7749
Rs. 15,00,000Rs. 11,624

What is The Buying Process of Aegon Life Insurance policies?

For Aegon Life Insurance, you can buy a few (precisely seven) plans online and the other plans you need to purchase offline. Here are the mentions of both the processes in detail.

Online Buying Process

If you want to avail of a seamless online buying process, follow the below-mentioned steps.

  • Go to the official website of the company and click on the ‘Online Plans’ tab.
  • Select the desired plan that you wish to buy and click on that.
  • Then click on the ‘Buy Now’ option and put the necessary details to get a quick quote for the policy.
  • After that, fill in the necessary information to build your plan and on the basis of your given data, the premium amount will be displayed before you.
  • After giving all the required information, click on the ‘Proceed’ option and again put the details of the proposer on the next page.
  • Once you are done with providing all the necessary information, you need to pay the premium amount to buy that policy.
  • Pay the premium and upon successful payment, you will be notified via mail or message.

Offline Buying Process

If you want to buy the Aegon Life insurance plans offline, you can go to one of the nearest official branches of the company and their experts will guide you seamlessly through the buying process. You can also call on their contact number to seek guidance for the same and you will be attended with the same sincerity. Apart from these, you can also take the help of one of their registered and licensed agents to avail of a hassle-free purchasing process.

If you cannot reach out to the company by following the aforementioned processes, you can contact Probus Insurance to buy a life insurance plan from Aegon Life Insurance.

What is The Claim Process of Aegon Life Insurance?

Follow the below-mentioned steps to avail of a seamless claim process.

  • As soon as the event happens, intimate the insurer and submit a duly filled and signed claim form at the nearest Aegon Life Branch Office or at our Head Office.
  • On the basis of the nature of your claim, the documents are required to be submitted such as address proof, death certificate, FIR report, post-mortem report (if any), KYC details, and much more.
  • The submitted documents will be verified by the company. If needed, a surveyor may be appointed on the behalf of the company.
  • If no discrepancy is found, the insurer will pay out the fund value accrued under the policy to the beneficiaries as on the date of intimation of death.
  • If any further documents are required, the company will intimate you about the same.
  • Upon the successful verification of the documents, Aegon Life will release the balance/ complete death/ rider benefit amount to the insured person or beneficiary that is subject to all other terms and conditions of the contract being fulfilled.
  • You will receive a notification regarding every step during the claim process via mail or message.

Frequently Asked Questions

Yes, this policy will acquire Guaranteed Surrender Value after premiums have been paid for at least 2 full years.

The mandatory documents are as follows:

1. Claimant statement form

2. Copy of death certificate issued by a municipal corporation under section 12/17

3. KYC documents of the claimant (Mandatory) –

  • PAN or Form No. 60
  • Copy of any one of the following (Identity & address proof of claimant).
    • a. Proof of possession of the Aadhaar number in such form as are issued by the Unique Identification Authority of India (means ‘Aadhaar Card’) b. Passport (unexpired), c. Driving License (unexpired) d. Voter’s Identity Card, e. Job card issued by NREGA duly signed by an officer of the State Government iii. One recent photograph of the claimant

4. Copy of self-attested canceled cheque / Passbook copy of the claimant

5. Relationship proof (wherever applicable)

You can easily renew your policy online by visiting the official website of Aegon Life Insurance. Click on the ‘Services’ tab and go for the ‘Renew Policy’ option. There you need to put necessary details like your policy number and date of birth and then submit. The renewal value will be displayed before you. Pay the amount and upon successful payment, you will receive notification about the same.

Yes, this policy comes with the cover for Covid-19.

The required documents are as follows.

  • Passport size photograph.
  • Address proof
  • Bank proof
  • Income proof
  • Age proof
  • Identity proof.

The required documents are as follows.

  • Passport size photograph.
  • Address proof
  • Bank proof
  • Income proof
  • Age proof
  • Identity proof.

In case you have missed the due date, you can pay the premiums within the grace period of 30 days (15 days in case of monthly mode) from the premium due date.

As usually diabetes is not considered a critical illness, therefore, it is not covered under Aegon Life Critical Illness Plan.

Yes, you can acquire surrender value only after paying the full single premium.

You can get four types of insurance calculators available online under Aegon Life and they are – Human Life value Calculator, Retirement Planning Calculator, Child Education Planner, and Income Tax Calculator.