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  • Aegon Life Insurance

    Life Insurance
    • 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

    Aegon Life Insurance Company Limited launched its operations in India in July 2008. Formerly known as Aegon Religare Life Insurance Company Limited, the vision of the organisation is to offer insurance solutions that would help people plan their lives better. For the fulfillment of this objective, the insurance company has created a complete product suite that serves the varied needs of customers. The insurer also provides customised advice to enhance the overall customer journey.

    Aegon Life Insurance was created through a coalition between Aegon, an international life insurance solutions provider and Bennett Coleman & Company, a frontrunner in media services in India. Headquartered in Mumbai, the company serves 4.5 lakh customers across the country.

    Aegon Life Insurance Plan Details:

    Aegon Life Insurance Company Limited offers the following insurance plans to customers pan-India:

     

    Aegon Term Insurance Plans:

    A term insurance policy ensures that your dependents do not face financial issues in the case of your sudden demise. You are required to pay a small premium on an annual basis for a specified period of time. In this interval, you will be protected by a life cover. If you face death during the policy term, your dependents are paid the benefits as promised by the insurer.

    The term insurance plans offered by Aegon Life Insurance Company Limited are as follows:

    • Aegon Life iTerm Insurance Plan
    • Aegon Life iSpouse Insurance Plan
    • Aegon Life iIncome Insurance Plan
    • Aegon Life iReturn Insurance Plan
    • Aegon Life Term Insurance Plan
    • Aegon Life Easy Protect Insurance Plan

    Aegon Life Unit Linked Insurance Plans (ULIP):

    When you purchase a ULIP plan, a part of your money is invested across assets like bonds, stocks, etc. This is similar to investing in mutual funds. The remaining money is utilised for the purchase of a life cover that has a specific validity. Buying a ULIP enables you to get returns on your money through investments and remain insured simultaneously.

    The unit linked insurance plans provided by Aegon Life Insurance Company Limited are as follows:

    • Aegon Life iInvest Insurance Plan
    • Aegon Life iMaximize Insurance Plan
    • Aegon Life iMaximize Single Premium Insurance Plan
    • Future Protect Insurance Plan
    • Rising Star Insurance
    • Future Protect Plus Insurance Plan

    Aegon Life Retirement Plans:

    A retirement plan offers you benefits in the form of monthly pensions post retirement. You are required to bear the premiums for a specific duration. After you enter into retirement, your financial security will be enforced through the benefits of the pension plan.

    The retirement plan offered by Aegon Life Insurance Company Limited is Aegon Life Insta Pension Plan.

    Aegon Life Child Plans:

    The child plans from Aegon Life Insurance Company Limited assists you in securing your child’s future by providing financial assistance to meet all their needs. The child plan offered by Aegon Life Insurance Company Limited are:

    • Aegon Life Rising Star Insurance
    • Aegon Life Educare Advantage Insurance Plan

    Aegon Life Rural Plans:

    The rural plan is a low cost product that is specifically designed to meet the unique life insurance requirements of the people in rural areas of the country. The rural plan offered by Aegon Life Insurance Company Limited are:

    • Aegon Life Rural Term Insurance Plan
    • Aegon Life Group Gratuity Plan
    • Aegon Life Group Leave Encashment Plan
    • Aegon Life Group Credit Life Plan
    • Aegon Life Group Term Plan
    • Aegon Life Group Credit Shield Insurance Plan

    Aegon Life Group eInsurance Plans:

    Group insurance plans provide insurance coverage to a group of people such as the employees of a company or the members of an association. The group plans offered by Aegon Life Insurance Company Limited help the policyholder set aside a definite sum of money that can be utilised later for meeting gratuity, life insurance, and loan repayment needs of the members.

    The group insurance plans offered by Aegon Life Insurance Company Limited are as follows:

    • Aegon Life Group Credit Shield Insurance Plan
    • Aegon Life Group Term Plan
    • Aegon Life Group Leave Encashment Plan
    • Aegon Life Group Gratuity Plan
    • Aegon Life Group Credit Life Plan

    Aegon Life Additional Plans:

    Some other insurance plans offered by Aegon Life Insurance are:

    • Aegon Life Guaranteed Growth Insurance Plan
    • Aegon Life iGuarantee Insurance Plan
    • Aegon Life Jeevan Shanti Insurance Plan
    • Aegon Life Regular Money Back Insurance Plan
    • Aegon Life Jeevan Riddhi Insurance Plan
    • Aegon Life iCancer Insurance Plan

    Aegon Life Insurance Company Offices:

    State City Customer Care Number
    Gujarat Ahmedabad - Suncity 1800-209-9090 (Toll Free) 079-26464200
    Anand 1800-209-9090 (Toll Free) 02692 - 645236
    Surat 1800-209-9090 (Toll Free) 0261-2472882
    Vadodara - Jatalpur Road 1800-209-9090 (Toll Free) 0265-6002000 / 0265-6002002
    Punjab Amritsar 1800-209-9090 (Toll Free) 0183-5070308 / 0183-5070309
    Bhatinda 1800-209-9090 (Toll Free) 0164-5011954 / 0164-6548516
    Jalandhar 1800-209-9090 (Toll Free) 0181-5022828 / 0181-5022829
    Ludhiana 1800-209-9090 (Toll Free) 0161-5055714 / 0161-5055715
    Patiala 1800-209-9090 (Toll Free) 0175-5000590 / 0175-5000591
    Maharashtra Amravati 1800-209-9090 (Toll Free) 0721-2552346
    Kolhapur 1800-209-9090 (Toll Free) 0231-2650961
    Dadar 1800-209-9090 (Toll Free) 022-24373895 / 022-24372799
    Ghatkopar 1800-209-9090 (Toll Free) 022-65730712
    Goregaon 1800-209-9090 (Toll Free) 022 - 67292929 ,61180100
    Nagpur 1800-209-9090 (Toll Free) 0712-22589318 /0712-2589316
    Nasik 1800-209-9090 (Toll Free) 0253-2581321/0253-2581322
    Pune - Koregaon Road 1800-209-9090 (Toll Free) 020-66051950
    West Bangal Asansol 1800-209-9090 (Toll Free) 0341-2305800 / 9233505339
    Kolkata - Kasba 1800-209-9090 (Toll Free) 033-40068021
    Kolkata - Salt Lake 1800-209-9090 (Toll Free) 033-67016800
    Uttar Pradesh Bareilly 1800-209-9090 (Toll Free) 0581-9219401854/0581–9219401851
    Kanpur 1800-209-9090 (Toll Free) 0512-2303326 / 0512-6515550
    Lucknow - 7 Park Road 1800-209-9090 (Toll Free) 0522 - 4021919/ 0522 – 4024137
    Meerut 1800-209-9090 (Toll Free) 0121-4055191 / 9219478915
    Varanasi 1800-209-9090 (Toll Free) 0542 -2200339 / 0542- 6450115
    Karnataka Bengaluru - Brigade Road 1800-209-9090 (Toll Free) 8022117844 / 8022117851
    Mangalore 1800-209-9090 (Toll Free) 0824-2453788, 0824-2454688
    Chhattisgarh Bhilai 1800-209-9090 (Toll Free) 0788-4037521 / 0788-6456609
    Raipur 1800-209-9090 (Toll Free) 0771-4058358
    Madhya Pradesh Bhopal 1800-209-9090 (Toll Free) 0755-4031027 / 0755-4031028
    Indore 1800-209-9090 (Toll Free) 0731-2514405
    Orissa Bhubaneshwar 1800-209-9090 (Toll Free) 0674-2394012
    Cuttack 1800-209-9090 (Toll Free) 0671-2318900 / 0671-6547501
    Rourkela 1800-209-9090 (Toll Free) 0661-6510001
    Haryana Chandigarh - Sector 22 1800-209-9090 (Toll Free) 0172-5079560 / 0172-6459760
    Gurgaon - Sector 14 1800-209-9090 (Toll Free) 0124-4236750 / 0124-4236751
    Tamil Nadu Chennai - Adayar 1800-209-9090 (Toll Free) 044-24902515
    Chennai - T.Nagar 1800-209-9090 (Toll Free) 044-28151209
    Coimbatore 1800-209-9090 (Toll Free) 0422-6050075, 0422-6050076
    Delhi Connaught Place 1800-209-9090 (Toll Free) 011-41571297 / 011-64648619
    Kar Kar Dhooma 1800-209-9090 (Toll Free) 011-64300622
    Mayur Vihar 1800-209-9090 (Toll Free) 011-65544018
    Vikas Puri 1800-209-9090 (Toll Free) 011-64300624
    Assam Guwahati 1800-209-9090 (Toll Free) 0361-2731130 / 8876515370
    Telangana Hyderabad 1800-209-9090 (Toll Free) 040-64561020, 040-64560312
    Rajasthan Jaipur 1800-209-9090 (Toll Free) 0141-4036442 / 0141-6501211
    Jammu and Kashmir Jammu 1800-209-9090 (Toll Free) 0191-2479217 / 0191-2479216
    Jharkhand Jamshedpur 1800-209-9090 (Toll Free) 0657-2222224 / 0657-6500140
    Goa Panjim 1800-209-9090 (Toll Free) 0832-6454624
    Himachal Pradesh Shimla 1800-209-9090 (Toll Free) 0177-6534003 / 0177-6451510
    Andhra Pradesh Vijayawada 1800-209-9090 (Toll Free) 0866-2497773 / 0866-2487778

    Aegon Life Insurance Company Limited Market Share:

    Aegon Life Insurance Company Limited is looking for approval to increase its stake in the Indian insurance market from 26% to 49%. This will be the highest share allowed by a foreign investor in the country’s insurance market, as per the government regulations that were recently amended.

    Awards won by Aegon Life Insurance Company Limited:

    2008

    • Aegon Religare Life Insurance was presented ‘Cordy’s Best Implementation Awards 2008’
    • Aegon Religare Life Insurance was presented the ‘Global Awards 2008’ for Excellence in BPM & Workflow

    2009

    • Aegon Religare Life Insurance was presented the ‘Outdoor Media plan of the year Local Award’ at Outdoor Advertising Awards 2009
    • Aegon Religare Life Insurance was presented the ‘Bronze-Award’ for Integrated Advertising Financial Services presented by Abby Awards at Goa-fest 2009
    • Aegon Religare Life Insurance was presented the ‘Global Awards 2009’ for Excellence in BPM & Workflow

    2010

    • Aegon Religare Life Insurance was presented the ‘CIO 100- Innovations Award 2010’ by Wipro
    • Aegon Religare Life Insurance was presented the ‘EDGE 2010 Award’ for E-Sales Project for using IT to maximize business impact

    2011

    • Aegon Religare Life Insurance was presented ‘Edge 2011- Silver Award’

    2012

    • Aegon Religare Life Insurance was presented ‘APAC CIO Leadership Retreat and CISO Forum Award 2012- for Outstanding Achievement’

    2013

    • Aegon Religare Life Insurance was presented the ‘Most Recommended Life Insurance Brand 2013’ by Mouthshut.com
    • Aegon Religare Life Insurance was presented the ‘E-Business Leader Award’ at the Indian Insurance Awards 2013
    • Aegon Religare Life Insurance was presented the ‘Best Product and Distribution Award’ at the Indian Life Insurance Award 2013, by EDGE Advisory Services

    2014

    • Aegon Religare Life Insurance was presented the ‘E-Business Leader Award’ at the Indian Insurance Awards 2014
    • Aegon Religare Life Insurance was presented the ‘Mumbai Hot-50 Award 2014’ by Hindustan Times
    • Aegon Religare Life Insurance was presented the ‘Marketing Campaign of the Year’ award at the Global Marketing Excellence Awards 2014 for Wonder Cook Customer Engagement Activity

    2015

    • Aegon Religare Life Insurance was presented the ‘Best use of gamification to enhance loyalty award’ at the 8th Loyalty Summit Awards 2015 for Operation Engage
    • Aegon Religare Life Insurance was presented the ‘E-Business Leader Award’ at the Indian Insurance Awards 2015

    2016

    • Saba Adil, Chief People Officer at Aegon Life Insurance was presented the “100 most influential HR Leaders in India” award at the World HRD Congress 2016
    • Aegon Life was presented ‘Best Service Quality Program Award’ at the Service Quality Awards 2016
    • Aegon Life was presented ‘Celent Model Insurer Asia Award 2016’ in Data Mastery and Analytics Category
    • Aegon Life was presented the ‘E-Business Leader Award’ at Indian Insurance Awards 2016
    • Aegon Life was presented ‘Best Marketing Campaign Of The Year’-Insurance Sector at Golden Star Awards 2016
    • Aegon Life was presented ‘Best Use Of Technology’-Insurance Sector award at Golden Star Awards 2016
    • Aegon Life’s ‘Simple Makes Sense’ Brand Campaign was recognized by Facebook as a Success Story and published as ‘Best International Brand and Campaigns’, a Case Study
    • The Aegon Life Gif case study was recognized by Gold’s, at the Middle East Social Media & Digital Marketing Leadership Awards held in Dubai in Oct -16

    Aegon Life Insurance Company Limited - Board of Directors and Shareholding Pattern:

    Board of Directors:

    Mr. Douglas C. Henck

    Mr. Andrew Byrne

    Mr. Tom Grondin

    Mr. Sivakumar Sundaram

    Mr. Ramaswamy Gopalkrishnan

    Mr. N. Subramanian

    Ms. Ketaki Gupte

    Mr. N Kumar

    Mr. Nani Javeri

    Mr. Srinivasan V.

    Mr. K S Gopalakrishnan

    Management Team:

    Mr. K S Gopalakrishnan - MD and CEO

    Mr. R Sankaranarayanan - COO

    Mr. Saibal Ghosh - Chief of Investments and Business Development

    Mr. Rajeev Chugh - CFO

    Mr. Souvik Jash - Appointed Actuary

    Ms. Saba Adil - Chief People Officer

    Mr. Martijn de Jong - Chief Digital Officer

    Mr. Jitin Parekh - Head of Legal, Company Secretary and Project Management

    Mr. Anil M Agrawal - Head of Compliance and Fraud Control

    Mr. Lee Waddle - Chief Risk Officer

    Pattern of Shareholding:

    Promoters As of September 30, 2016
    Number of shares Percentage of Holding
    Indian:    
    Religare Enterprises Limited and its nominees - -
    Bennett Coleman & Co. Limited 678,880 48%
    Aegon Life Insurance Employee Benefits Trust 35,751 3%
    Foreign:    
    AEGON India Holdings B.V. and its nominees 686,606 49%
    Total 1,401,237 100%

    Aegon Life Claim Settlement Ratio:

    Aegon Life Insurance Company Limited has a hassle-free claim settlement process. The company also boasts of competitive claim settlement ratios as shown below:

    Claim Settlement ratio as of March 2016 YTD
    Death Claims 95%
    Health Claims 71%

    How to Settle a Life Insurance Claim with Aegon Life - Claim Documentation and Process:

    Aegon Life Insurance Company Limited has a three-step claims process that is designed to settle all valid claims with minimal hassles and within the quickest turnaround time.

    • Step 1 - Intimation of Claim : The claimant is required to submit the duly filled claim forms and other relevant documentation at the nearest branch of Aegon Life Insurance. The claim form templates can be downloaded from the insurer’s website.
    • Step 2 - Payment of Fund Value : In the case of a death claim, Aegon Life Insurance pays the fund value that was accrued under the policy to the beneficiaries of the insured. All relevant documents need to be submitted by the claimant to receive the payout.
    • Step 3 - Settlement/Payout : When the insurance company receives all necessary documents from the claimant, they will commence the claims process at the earliest possible time. If any further clarifications are needed, they will get in touch with the claimant. If all submitted documents are as per the requirements, Aegon Life Insurance will release the death benefit/rider benefit/balance amount to the claimant.

    Aegon Life Insurance also enables claimants to settle claims through National Electronic Fund Transfer (NEFT). In this mode of claim settlement, the claim amount is directly transferred to the bank account of the beneficiary. For this payment method, the beneficiary is required to provide his/her bank account details at the time of raising the claim.

    Aegon Life Insurance Reviews

    • Aegon Life Life Insurance
      "Satisfied. Premium can be lower"
      0.5 4.0/5 "Great!"
      I have taken a term insurance from Aegon. It is a iTerm Basic Life Cover plan. The process was convenient and I received the soft and hard copy too. The tenure is for 19 years and the sum assured is for 1,00,00,000. The premium frequency is on a monthly basis. But they are high on the premiums.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 13, 2018
    • Aegon Life Life Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      AEGON LIFE is a good insurance sand i had a very good experience with ageon. Coverage is good what they have provided. I have been using since 1 year. Payment i do through the on line for monthly once. Documentation is easy to apply from the on line. The customer support is very good and they are good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 10, 2018
    • Aegon Life Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      It is a good. I have been using since 6 months. Documentation process is paperless i have done my insurance through the on line. Premium is less when compared to the others. Coverage is also good. Payment i will be paying monthly once through the online.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 08, 2018
    • Aegon Life Life Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It is a term policy that i have been using from the AEGON LIFE. Documentation i have done through the on line. Payment i do for my insurance is for the monthly once through the on line. Benefit is good and the coverage is also good. I had very good customer support response.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 08, 2018
    • Aegon Life Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      It is good. I have been holding the policy since January. Payment i will be doing monthly through the on line. Documentation is paperless. It is very comfortable insurance. The coverage is for 20 years. If a customer wants to change from monthly to yearly should be done soon. I had a interaction regarding the customer payment change option it is good.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jun 08, 2018
    • Aegon Life Life Insurance
      "Services can be better"
      0.5 4.0/5 "Great!"
      The main reason I have chosen Aegon for the term insurance is because they have a disability rider as well, which was not there with the other insurance providers. I have taken a Basic life cover plan plus this rider. The process was good, but it could have been more sooner. Like wise there was no much of communication after I bought the policy, it was just an email I received.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 04, 2018
    • Aegon Life Life Insurance
      "Good. Can be more quick in service"
      0.5 4.0/5 "Great!"
      I have taken my term insurance from Aegon. They need to more proactive in the customer services as they took two months to change the mistake that was made in the policy papers. I have taken the Basic Life Cover + WOP Rider plan. There is a Sum assured of 1,00,00,000. The tenure is for 45 years and the rest of the process was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 04, 2018
    • Aegon Life Life Insurance
      "WORST"
      0.5 1.0/5 "Really Bad"
      It is a worst experience. Policy they explained is incomplete. Medical test had been taken but that is too costly. I have canceled the insurance of my wife. I have paid earlier for both of the insurance. Coverage is good and i am satisfied. Critical illness that coverage from my policy.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 03, 2018
    • Aegon Life Life Insurance
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      I have taken a term insurance from Aegon. It is a iTerm Basic Life Cover plan. The sum assured is for 50,00,000. There are good features and it would be beneficial for the nominee. The premium is also normal and the tenure is around 32 years. Good overall.
      Was this review helpful? 0
      , hosur
      Reviewed on Jun 03, 2018
    • Aegon Life Life Insurance
      "BETTER"
      0.5 4.0/5 "Great!"
      My experience is good. I have been since 4-5 months. I have not contacted the customer service. Plan benefit is good and it is reasonable. Policy coverage is expected to me and it is same like other. The tenuity is for 65-70 years that i turn to and i do payment in my insurance is for monthly once and i will pay through the on line.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 28, 2018
    • Aegon Life Life Insurance
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      It is good i took in December. Payment i do through the on line. I had no customer service experience. I had not yet received my hard copy. Plan benefit is very low. The tenuity is for 30 years and i have to pay for monthly once. No any specific reason that i took the insurance
      Was this review helpful? 0
      , new delhi
      Reviewed on May 28, 2018
    • Aegon Life Life Insurance
      "EXCELLENT"
      0.5 4.0/5 "Great!"
      I have been holding my life insurance from last few months with the AEGON LIFE. Plan benefit is better when compared with the others. I do monthly payment for my insurance and i would be paying completely12-13 thousand rupees per year. The tenuity is till i turn 80 years i have to pay or my insurance.
      Was this review helpful? 0
      , bhopal
      Reviewed on May 28, 2018
    • Aegon Life Life Insurance
      "BETTER"
      0.5 4.0/5 "Great!"
      Satisfied with the insurance. Payment i do through the on line for monthly once. Documentation is easy and simple and done through online. It is completely the tenuity is for 38 years and i am using since 5 months. Customer service i have not yet contacted. Premium is less when compared to the others so i took this insurance.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 28, 2018
    • Aegon Life Life Insurance
      "BETTER"
      0.5 3.0/5 "Satisfactory"
      My experience is good and best. I am using my ins January. Documentation done through the on line. Customer service i have not yet contacted. Plan benefit good but after January there is change in plan for that is for 80 years. Payment i do through on line for monthly once. Easy to pay. Policy coverage good.
      Was this review helpful? 0
      , aligarh
      Reviewed on May 27, 2018
    • Aegon Life Life Insurance
      "BELOW AVERAGE"
      0.5 1.0/5 "Really Bad"
      I am using since 2 months. I am not comfortable with aegon. Payment i do through on line for monthly once in my insurance. Plan benefit is good everything is okay that i came to hear that this not good so that's the reason am going to close. Documentation i got through the online.
      Was this review helpful? 0
      , vijayawada
      Reviewed on May 27, 2018
    • Aegon Life Life Insurance
      "Confididance On company is Good"
      0.5 5.0/5 "Blown Away!"
      The amount they offered as sum assured is 70 Lakhs and the premium is 2500 which is high compared to other companies. I'm delighted with their customer care services. The response and their confidence from the customer side about the company is good. They have to reduce the Premium amount.
      Was this review helpful? 0
      , indore
      Reviewed on May 23, 2018
    • Aegon Life Life Insurance
      "GOOD POLICY WITH VALUE FOR MONEY "
      0.5 4.0/5 "Great!"
      I mainly choose this policy because of low premium rate with high benefits . It has accidental coverage of 30% and disaster insurance . I got policy cover till 65 years with 30 years of tenure period. Paying through online banking on monthly basis .
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2018
    • Aegon Life Life Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have been using life insurance from the Aegon life . It has low premium amount with high benefits .. The claim settlement ratio is 80 % . Its simple plan term with policy coverage of 70 years with tenure period of 35. Paying amount monthly through online banking.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2018
    • Aegon Life Life Insurance
      "GOOD POLICY WITH LOW PREMIUM"
      0.5 4.0/5 "Great!"
      I have take life insurance from the Aegon life , i have chosen this policy mainly because of low premium amount with good benefits . Policy coverage till 70 years of age an the tenure period is 20 years . As am getting income tax benefits . Paying the payment through online banking annually .
      Was this review helpful? 0
      , pune
      Reviewed on May 22, 2018
    • Aegon Life Life Insurance
      "Not Satisfied with Aegon"
      0.5 1.0/5 "Really Bad"
      Their is no response from Aegon insurance. Their is no documentation from their end. They have provided the medical check up after 1 month. Their is no policy documents has been issued from their end. I didn't receive my policy. So, They keep on saying you will receive your policy soon. The company is not trustworthy with their services.
      Was this review helpful? 0
      , coimbatore
      Reviewed on May 16, 2018
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