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Aegon Life ULIP Plans

ULIP is a Unit-Linked Insurance Plan that offers customers the opportunity to get insurance and investment under one roof. In a single integrated plan, policyholders can be protected financially and at the same time use their policy to invest in different funds.

Under such a plan, a part of the premium paid towards the plan is used to provide risk protection to the policyholder. The rest of the premium is invested in different debt and equity schemes. The policyholder has the option of selecting which fund they would like to invest it, or can choose to mix up their investments in different funds. ULIP policyholders will be allotted units, each of which has a Net Asset Value (NAV). The value is determined by the fund’s performance and market conditions and is declared on a daily basis.

Aegon Life ULIP Plans:

Aegon Life is one of the top insurance providers across India and offers lucrative and unique solutions. The ULIP plans offered by Aegon Life are designed for the ones who chose to avail life cover and earn return on their investments too. The insurer offers one ULIP plan for customers who wish to combine their insurance and investment.

Benefits of Aegon Life ULIP Plans:

  • There are no premium allocation charges associated with the plan.
  • Loyalty units are awarded to help boost the value of the fund.
  • The plan is available online for customers to buy through an easy and simple process.
  • Customers have the choice of two investment management portfolios:
  • Lifestyle Portfolio strategy
  • Self-management Portfolio strategy
  • Premiums can be paid either for a limited period or for the entire term.
  • Tax benefits are available as per the prevailing tax laws.
  • Partial withdrawals are allowed after 5 policy years.

List of ULIPs Provided by Aegon Life:

Aegon Life iInvest Insurance Plan:

The iInvest Insurance Plan offers customers the most efficient ULIP with low charges and easy processing. Customers can avail this plan online. The plan is ideal for those who want to maximise their investment, save on taxes, be insured at the same time and secure the family’s future. The plan has one of the lowest charges which makes it easy on the pocket too. There are 6 unit-linked funds available under this plan among which the customer can choose to invest as per their objectives. Aegon Life also offers the Opportunity Fund under these 6 funds. This fund focuses on mid-sized companies that have the potential to grow into the next market leaders, giving policyholders good investment opportunities.

  • The minimum entry age is 7 years (last birthday) and the maximum entry age is capped at 55 years.
  • Upon maturity, you should not exceed 70 years.
  • Policy terms available are 10, 15, 20 and 25 years.
  • Policyholders can choose to pay premiums for 5, 7 10 years or a term equal to the policy term.
  • Premiums can be paid either monthly or annually.
  • Minimum premiums depend on the premium payment term selected. There is no cap on the maximum premium.
  • The minimum sum assured depends on the entry age.
  • Choice of 6 funds:
    • Segregated Fund Identification Number (SFIN):
    • Blue Chip Equity Fund ULIF01511/02/14BLUECHIPEQ0138,
    • Accelerator Fund ULIF01203/09/10ACCELERATE0138
    • Opportunity Fund ULIP01627/06/16OPPORTUN0138)
    • Stable Fund ULIF01303/09/10STABLE0138
    • Secure Fund ULIF00505/07/08SF0138,
    • Debt Fund ULIF00405/07/08DB0138
  Plan Name   Entry Age   Maturity Age   Premium
Aegon Life iInvest Insurance Plan 7 years old to 55 years old 70 years old
  • 5-year term - Rs.48,000 p.a.
  • 7-year term - Rs.36,000 p.a.
  • 10-year - Rs.24,000
  • Equal to policy term - Rs.24,000 p.a.
  • There is no maximum limit, subject to underwriting

Aegon Life iMaximize Insurance Plan:

The iMaximize Insurance Plan is designed to protect your child’s future. 100% of your investment can be allocated to the funds you choose. Aegon Life offers 6 different funds to invest in with zero allocation charges. You can start investing in this plan with as low as Rs.2,000 per month. With this plan, you can build up a corpus to ensure your child has no shortage of finance to achieve his/her dream.

  • Upon the death of the life insured, the sum assured will be paid out to the beneficiary. The insurer will contribute the remainder of the premiums in order for the plan to continue.
  • Till the date of maturity, the nominee will receive an income benefit equal to the annualised premium. Upon maturity, the total fund value is also paid.
  • There are no allocation charges.
  • Tax benefits are applicable as per the tax laws.
  • After 5 policy years, withdrawals of up to 20% of the fund value are allowed.
  • You can invest an extra amount above your basic premium each year to enhance the value.
  • Premiums can be paid monthly or annually.
  • Policy terms are 15, 20 and 25 years while the premium payment terms available are 5, 7, 10, 15 years or equal to the policy term.
  • Choice of 6 funds:
    • Segregated Fund Identification Number (SFIN):
    • Blue Chip Equity Fund ULIF01511/02/14BLUECHIPEQ0138,
    • Accelerator Fund ULIF01203/09/10ACCELERATE0138
    • Opportunity Fund ULIP01627/06/16OPPORTUN0138)
    • Stable Fund ULIF01303/09/10STABLE0138
    • Secure Fund ULIF00505/07/08SF0138,
    • Debt Fund ULIF00405/07/08DB0138
  Plan Name Benefit Option   Entry Age   Maturity Age   Premium
Aegon Life iMaximize Insurance Plan Option 1: Premium Payment Term - 5 or 7 years 7 years to 55 years (last birthday) 70 years old (last birthday) Rs.36,000
Option 2: Premium Payment Term - 10 or 15 years 18 years to 50 years (last birthday) 65 years old (last birthday) Rs.24,000

Aegon Life iMaximize Single Premium Insurance Plan:

The iMaximize Single Premium Insurance Plan is designed for those who want to make the most of their investment by paying a single premium. There are no premium allocation charges associated with this plan, therefore you have more to invest in the 6 unit-linked funds available.

  • Upon the death of the life insured, the sum assured or the fund value will be paid, whichever is higher.
  • There are no allocation charges.
  • Tax benefits are applicable as per the tax laws.
  • After 5 policy years, withdrawals of up to 20% of the fund value are allowed.
  • You can invest an extra amount above your basic premium each year to enhance the value.
  • Premiums can be paid monthly or annually.
  • If your entry age is 50 years or below, the policy term available is 10 years. If you are 51 years or above, then the policy is available for a term of 5 years.
  • The minimum sum assured is 125% of the single premium paid for those who enter the policy before the age of 45 years. Those who enter at 45 years or more, then 110% of the single premium is the minimum sum assured.
  • The maximum sum assured for those up to the age of 35 years is 10 times the single premium. Those above the age of 35 years are entitled to a maximum of the available sum assured.
  • Choice of 6 funds:
    • Segregated Fund Identification Number (SFIN):
    • Blue Chip Equity Fund ULIF01511/02/14BLUECHIPEQ0138,
    • Accelerator Fund ULIF01203/09/10ACCELERATE0138
    • Opportunity Fund ULIP01627/06/16OPPORTUN0138)
    • Stable Fund ULIF01303/09/10STABLE0138
    • Secure Fund ULIF00505/07/08SF0138,
    • Debt Fund ULIF00405/07/08DB0138
  Plan Name   Entry Age   Maturity Age   Premium
Aegon Life iMaximize Single Premium Insurance Plan 8 years to 60 years (last birthday) 18 years old to 65 years old (last birthday) Rs.1 lakh

Aegon Life Future Protect Insurance Plan:

The Future Protect Insurance Plan from Aegon Life is ideal for anyone who required adequate life cover but also wants to take advantage of the upside of the stock market. This plan gives you the opportunity to watch your funds grow and at the same time keeping you covered.

  • Upon the death of the life insured, the sum assured or the fund value will be paid, whichever is higher. The payout will not be less than 105% of all premiums paid.
  • Upon maturity of the plan, the fund value on the existing date will be paid.
  • There is auto balancing of funds.
  • Partial withdrawals are allowed.
  • Tax benefits are applicable as per the tax laws.
  • Policy terms available are 15, 20, 25, 30 and 35 years.
  • The premium payment term is equal to the policy term.
  • The minimum sum assured for below 45 years is the higher of 10 times the regular annualised premium or (0.5 x policy term x annualised premium). For those who are 45 years or above, the minimum sum assured is the higher of 7 times the regular annualised premium or (0.25 x policy term x annualised premium).
  • The maximum sum assured is 20 times the annual premium.
  • Premiums can be paid monthly, half-yearly or yearly.
  • Choice of 6 funds:
    • Segregated Fund Identification Number (SFIN):
    • Secure Fund - ULIF00505/07/08SF0138,
    • Debt Fund - ULIF00405/07/08DB0138,
    • Stable Fund - ULIF01303/09/10STABLE0138,
    • Accelerator Fund - ULIF01203/09/10ACCELERATE0138
    • Discontinuance Policy Fund - ULIF01403/09/10DISCONPF0138
  Plan Name   Entry Age   Maturity Age   Premium
Aegon Life Future Protect Insurance Plan 7 years to 50 years (last birthday) 65 years old (last birthday) Monthly mode: 20,000 p.a. Half-yearly mode Rs.30,000 p.a. Yearly mode: 36,000 p.a.

Aegon Life Future Protect Plus Insurance Plan:

The Future Protect Plus Insurance Plan from Aegon Life is ideal for anyone who required adequate life cover but also wants to take advantage of the upside of the stock market. This plan is similar to the Future Protect Plan but has more benefits and a higher payout. It also has the option of Invest Protect. This plan gives you the opportunity to watch your funds grow and at the same time keeping you covered.

  • Upon the death of the life insured, the sum assured plus the fund value will be paid.
  • Upon maturity of the plan, the fund value on the existing date will be paid.
  • This plan comes with an Invest Protect option.
  • There is auto balancing of funds.
  • Partial withdrawals are allowed.
  • Tax benefits are applicable as per the tax laws.
  • Policy terms available are 15, 20, and 25 years.
  • The premium payment term is equal to the policy term.
  • The minimum sum assured for below 45 years is the higher of 10 times the regular annualised premium or (0.5 x policy term x annualised premium). For those who are 45 years or above, the minimum sum assured is the higher of 7 times the regular annualised premium or (0.25 x policy term x annualised premium).
  • The maximum sum assured is 18 times the annual premium for below 45 years, and 10 times the annual premium for 45 years and above.
  • Premiums can be paid monthly, half-yearly or yearly.
  • Choice of 6 funds:
    • Segregated Fund Identification Number (SFIN):
    • Secure Fund - ULIF00505/07/08SF0138,
    • Debt Fund - ULIF00405/07/08DB0138,
    • Stable Fund - ULIF01303/09/10STABLE0138,
    • Accelerator Fund - ULIF01203/09/10ACCELERATE0138
    • Discontinuance Policy Fund - ULIF01403/09/10DISCONPF0138
  Plan Name   Entry Age   Maturity Age   Premium
Aegon Life Future Protect Plus Insurance Plan 7 years to 50 years (last birthday) 70 years old (last birthday) Monthly mode: 30,000 p.a. Half-yearly mode Rs.30,000 p.a. Yearly mode: 20,000 p.a.

Aegon Life Rising Star Insurance Plan:

This plan is designed to help secure your child’s dream. The Rising Star Insurance Plan provides for important milestones in your child’s life. At the same time, you can invest in equity markets without taking on a direct investment risk.

  • Upon the death of the life insured, the following are the benefits:
    • 105% of all premiums paid will be given to the nominee.
    • Future premiums are waived.
    • Future premiums will be contributed by the insurer towards the policy fund.
    • An amount equal to the annualised premium will be paid to the nominee every year.
    • Upon maturity, the policy fund value will be paid out.
  • Upon maturity of the plan, the fund value on the existing date will be paid.
  • There is auto balancing of funds.
  • Partial withdrawals are allowed.
  • Tax benefits are applicable as per the tax laws.
  • Policy term available is 25 years minus the child’s age at entry.
  • The premium payment term is equal to the policy term.
  • The minimum sum assured for below 45 years is the higher of 10 times the regular annualised premium or (0.5 x policy term x annualised premium). For those who are 45 years or above, the minimum sum assured is the higher of 7 times the regular annualised premium or (0.25 x policy term x annualised premium).
  • The maximum sum assured is 18 times the annual premium for below 45 years, and 10 times the annual premium for 45 years and above.
  • Premiums can be paid monthly, half-yearly or yearly.
  • Choice of 6 funds:
    • Segregated Fund Identification Number (SFIN):
    • Secure Fund - ULIF00505/07/08SF0138,
    • Debt Fund - ULIF00405/07/08DB0138,
    • Stable Fund - ULIF01303/09/10STABLE0138,
    • Accelerator Fund - ULIF01203/09/10ACCELERATE0138
    • Discontinuance Policy Fund - ULIF01403/09/10DISCONPF0138
  Plan Name   Entry Age   Entry Age of Child   Maturity Age   Premium
Aegon Life Rising Star Insurance Plan Parent/Life Assured - 18 years to 48 years
  • Life insured is less than or equal to 45 years - 1 day
  • Life insured is 40 years to 45 years - 5 years
  • Life insured is over 45 years to 48 years - 10 years
65 years old (last birthday) Yearly mode: 20,000 p.a. Other mode: Rs.30,000 p.a.

Why Should You Buy a ULIP from Aegon Life?

Aegon Life has a multi-channel distribution strategy that is designed to help customers plan their life and their future better. The insurer offers customised advice to enhance the overall experience the customer has with Aegon Life. They offer a complete suite of insurance products to suit the different needs of customers. When you purchase a ULIP, a part of that money is invested across different assets like bonds, stocks, etc. It is very similar to investing money in the mutual funds. The remaining amount is utilised to purchase life cover that is valid for a specific period of time. This way, you can earn great returns on the money that you invested and also avail life cover at the same time.