Aegon Life Insurance Online Premium Payment

• Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
• Claim up to Rs. 1,50,000 deduction under section 80C**
• Choose between annual and monthly premium payment options

Incorporated 173 years back, Aegon is today one of the biggest life insurance players in the world and currently has 30 million customers spread across America, Europe and Asia and have around 29,000 employees turning the wheels of their dynasty. In India, Aegon Life Insurance partnered with Times Group and currently manages investments across the globe amounting to a staggering 743 billion Euros.

With technology taking the forefront of customer service in the last few years for life insurers across the globe, Aegon Life Insurance has their very own digital platform and aims to offer the highest grade of customer service through it. Now, customers can choose the life insurance policy that they wish to purchase and make the payment for the premium online. Through the whole process, Aegon Life Insurance believes in being transparent with their customers and policyholders.

What you should keep in mind prior to buying a life insurance policy from Aegon Life Insurance

Before choosing a life insurance policy from Aegon Life Insurance to suit one’s financial needs and offer enough financial support when needed the most, customers need to keep certain things in mind:

• Customers should take their age into consideration when choosing a life insurance policy and choose one that would suit their current financial status and goals.
• The life insurance coverage is the most important factor when choosing a policy. The potential policyholder should choose a policy that will offer sufficient financial protection to the loved ones or dependents of him/her once he/she dies.
• The number of members one wishes to cover under the life insurance policy should be considered as well. More the number of members, the higher the life insurance coverage should be.
• The customer should take into consideration his/her lifestyle when choosing a type of life insurance policy and the sort of coverage that it will offer.
• If the customer has debts, he/she should choose a policy accordingly and ensure that he/she does not increase his/her financial strain.

• For those who wish to choose unit linked life insurance policies, the risk he/she wishes to take for investments in money market instruments should be considered.
• When choosing the premium amount of the life insurance policy, the customer should consider his/her annual income and ensure that the premium does not significantly hurt his/her finances.
• Apart from the base life insurance policy, the customer should look into additional riders that will enhance the coverage and financial protection for him/her.
• Before choosing a life insurance policy, the customer should draft out his/her financial goals and choose a policy accordingly.

Steps to buy an Aegon Life Insurance policy online

Customers have to follow the steps mentioned below to buy an Aegon Life Insurance policy online:

• Visit the website of Aegon Life Insurance - https://www.aegonlife.com
• Choose a life insurance plan from the navigation bar.
• Enter your personal details such as your name, date of birth, annual income, gender, cover amount that you wish for, address, mobile number, email ID, and whether you smoke or not.
• Once the details have been entered, click on ‘get quote’ to know what the approximate premium could be.

• The customer care team of Aegon Life Insurance will then call you to verify the details you have entered.
• The customer care team will then send the plan details via email.
• If you agree with the terms and conditions of the life insurance policy and feel that the policy will be financially beneficial for your family and loved ones, click on the link on the mail that the customer care team has sent.
• Now, you will have to make the payment for the premium of your life insurance policy. The payment can be made through your debit card, credit card, net banking account, Paytm, etc.

Aegon Life Insurance online premium payment options

Aegon Life Insurance customers can pay for their premiums when purchasing a policy or renewing it in the following ways:

• Via cash/cheque

Customers can visit the branches of Aegon Life Insurance and purchase a policy or renew it by paying by cash or cheque. To know the nearest Aegon Life Insurance branch, customers can use the branch locator on the website.

• Online payment

Customers can pay their premiums online on the website of Aegon Life Insurance using their debit card, credit card, net banking account, or via Paytm.

• Auto Pay

By linking their bank account, customers can opt for the auto pay option and when the premium has to be paid, the premium amount will automatically get debited from the account of the customer. This option saves customers from going through the hassle of having to remember every time the premium payment has to be made.

• Via registered mobile number

If the customer has registered his/her number with Aegon Life Insurance, he/she can pay the premium for the life insurance policy through the Interactive Voice Response (IVR) system by calling the customer care team. The customer will be directed to make the payment via his/her credit card or debit card.

For the premiums paid to either purchase a life insurance policy from Aegon Life Insurance or to renew his/her policy, the policyholder can claim tax deductions under Section 80C of the Income Tax Act, 1961. Tax deductions under Section 80C of the Income Tax Act, 1961, is capped at Rs.1.5 lakh every financial year.

Based on their financial goals and their current financial status, customers can choose from term plans, unit-linked insurance plans, child plans, retirement plans, endowment plans, investment plans, money-back plans, and whole life insurance plans that are offered by Aegon Life Insurance.