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Aegon Life Flexi Money Back Advantage
Aegon Life Flexi Money Back Advantage

Aegon Life Regular Money Back Insurance Plan
Aegon Life Regular Money Back Insurance Plan



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Aegon Life Flexi Money Back Advantage
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Aegon Life Regular Money Back Insurance Plan

Aegon Life Flexi Money Back and Aegon Life Regular Money Back

1 Details
1.1 Insurance Provider
AEGON Religare Life Insurance
AEGON Religare Life Insurance
1.2 Claim Settlement Ratio
1.2.1 Settlement Ratio (2015-16)
85.93%
Rank: 7 (Overall)
85.93%
Rank: 7 (Overall)
1.2.2 Settlement Ratio
LIC Bhagya Laks..
90.00%
Rank: 8 (Overall)
90.00%
Rank: 8 (Overall)
Edelweiss Tokio My Life Plus
1.2.3 Settlement Ratio (2013-14)
LIC New Jeevan ..
81.00 %
Rank: 20 (Overall)
81.00 %
Rank: 20 (Overall)
DHFL Pramerica Family Income
1.3 Type
Money Back Life Insurance Plan
Money Back Life Insurance Plan
1.4 Status
In-force
In-force
1.5 Online
37% Money Back Insurance Plans Life insurance plans have it !
37% Money Back Insurance Plans Life insurance plans have it !
1.6 Eligibility
1.6.1 Min Entry Age
AEGON Religare ..
7 years
Rank: 7 (Overall)
7 years
Rank: 7 (Overall)
Bajaj Allianz Cash Assure
ADD ⊕
1.6.2 Max Entry Age
ICICI Pru Immed..
60 years
Rank: 18 (Overall)
55 years
Rank: 22 (Overall)
Reliance Classic Plan 2
ADD ⊕
1.6.3 Min Vesting Age
Canara HSBC Sma..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Shriram Secure Investment Plan
ADD ⊕
1.6.4 Max Vesting Age
Bharti AXA Life..
75 years
Rank: 12 (Overall)
75 years
Rank: 12 (Overall)
LIC New Children Money Back Plan
ADD ⊕
1.7 Policy Term
1.7.1 Min Term
Edelweiss Tokio..
14 years
Rank: 12 (Overall)
20 years
Rank: 16 (Overall)
HDFC Life New Group Unit Linked Plan
ADD ⊕
1.7.2 Max Term
TATA AIA Fortun..
21 years
Rank: 24 (Overall)
20 years
Rank: 25 (Overall)
HDFC Life New Group Unit Linked Plan
ADD ⊕
1.8 Returns
1.8.1 Min Sum Assured
Aviva Life Shie..
₹ 100000
Rank: 33 (Overall)
Not Available
Rank: N/A (Overall)
ICICI Pru Immediate Annuity Plan
1.8.2 Min Sum Assured (Variable)
Not Applicable
Depends on age, premium payment term and premium amount
1.8.3 Max Sum Assured
IDBI Federal Lo..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Kotak Gratuity Plus Group Plan
1.8.4 Max Sum Assured (Variable)
Not Mentioned
Depends on age, premium payment term and premium amount
1.9 Group Plan
No Money Back Insurance Plans Life insurance plans has it !
No Money Back Insurance Plans Life insurance plans has it !
1.9.1 Group Type
Not Applicable
Not Applicable
1.9.2 NEE Size
Metlife Group T..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Reliance Traditional Group Employee Benefit Plan
1.9.3 EE Size
Metlife Complet..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
HDFC Group Term Insurance
2 Premium
2.1 Minimum Premium
2.1.1 Min Premium
Kotak Preferred..
Not Available
Rank: N/A (Overall)
₹ 12000
Rank: 46 (Overall)
HDFC Life Group Credit Protect Insurance Plan
2.1.2 Min Premium (Variable)
Not Mentioned
Not Applicable
2.2 Maximum Premium
2.2.1 Max Premium
Metlife Traditi..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana
2.2.2 Max Premium (Variable)
Not Mentioned
No Limit
2.3 Payment Options
Limited Pay
Limited Pay
2.4 Regular Modes
Annual, Monthly, Semi-Annual
Annual, Monthly, Semi-Annual
2.5 Top Up
Not Allowed
Not Allowed
2.5.1 Top Up Value
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Pension Plus
3 Loan And Benefits
3.1 Loan
61% Money Back Insurance Plans Life insurance plans have it !
61% Money Back Insurance Plans Life insurance plans have it !
3.2 Surrender
98% Money Back Insurance Plans Life insurance plans have it !
98% Money Back Insurance Plans Life insurance plans have it !
3.2.1 Surrender Value
Depends on total premiums paid
Depends on total premiums paid
3.3 Benefits
3.3.1 Tax
All Money Back Insurance Plans Life insurance plans have it !
All Money Back Insurance Plans Life insurance plans have it !
3.3.2 Tax Benefit Amount
Applicable as per tax laws
Applicable as per tax laws
3.3.3 Service Tax
Applicable
Applicable
3.3.4 Maturity
95% Money Back Insurance Plans Life insurance plans have it !
95% Money Back Insurance Plans Life insurance plans have it !
3.3.5 Maturity Benefit Amount
Accrued reversionary bonus plus terminal bonus along with 40% of sum assured
Accrued reversionary bonus plus terminal bonus shall be paid
3.3.6 Death
95% Money Back Insurance Plans Life insurance plans have it !
95% Money Back Insurance Plans Life insurance plans have it !
3.3.7 Death Benefit Amount
Higher of 10 x annual premium or sum assured along with accrued bonuses.
Sum assured along with reversionary bonus and terminal bonus shall be paid
3.3.8 Annuity
No Money Back Insurance Plans Life insurance plans has it !
No Money Back Insurance Plans Life insurance plans has it !
3.4 Bonus
Reversionary Bonus, Terminal Bonus
Reversionary Bonus, Terminal Bonus
4 Provisions
4.1 Renewal
71% Money Back Insurance Plans Life insurance plans have it !
71% Money Back Insurance Plans Life insurance plans have it !
4.1.1 Renewal Period
Bajaj Allianz R..
2 years
Rank: 3 (Overall)
2 years
Rank: 3 (Overall)
HDFC Life Group Unit Linked Pension Plan
4.2 Riders
4.2.1 Accidental Death
46% Money Back Insurance Plans Life insurance plans have it !
46% Money Back Insurance Plans Life insurance plans have it !
4.2.2 ADBR Description
Available as an additional benefit
Available as an additional benefit
4.2.3 Critical Illness
22% Money Back Insurance Plans Life insurance plans have it !
22% Money Back Insurance Plans Life insurance plans have it !
4.2.4 CI Description
Not Applicable
Not Applicable
4.2.5 Term Rider
20% Money Back Insurance Plans Life insurance plans have it !
20% Money Back Insurance Plans Life insurance plans have it !
4.2.6 TR Description
Not Applicable
Not Applicable
4.2.7 Permanent Disability
29% Money Back Insurance Plans Life insurance plans have it !
29% Money Back Insurance Plans Life insurance plans have it !
4.2.8 PD Description
Available as an additional benefit
Available as an additional benefit
5 Terms and Conditions
5.1 Grace Period
LIC Jeevan Raks..
30 Days
Rank: 1 (Overall)
30 Days
Rank: 1 (Overall)
HDFC Group Term Insurance
ADD ⊕
5.2 Free Look Period
Mera Term Plan
15 Days
Rank: 2 (Overall)
15 Days
Rank: 2 (Overall)
Reliance Online Term
ADD ⊕
5.3 Exclusion On Base Policy
Suicide Clause
Suicide Clause
5.4 Charges
5.4.1 Premium Allocation
5% Money Back Insurance Plans Life insurance plans have it !
5% Money Back Insurance Plans Life insurance plans have it !
5.4.2 Premium Allocation Charge
Not Available
Not Available
5.4.3 Policy Administration
5% Money Back Insurance Plans Life insurance plans have it !
5% Money Back Insurance Plans Life insurance plans have it !
5.4.4 Policy Administration Charge
Not Available
Not Available
5.4.5 Fund Management
5% Money Back Insurance Plans Life insurance plans have it !
5% Money Back Insurance Plans Life insurance plans have it !
5.4.6 Fund Management Charge
Not Available
Not Available
5.4.7 Mortality
7% Money Back Insurance Plans Life insurance plans have it !
7% Money Back Insurance Plans Life insurance plans have it !
5.4.8 Mortality Charge
Not Available
Not Available
5.4.9 Switching
Not Allowed
Not Allowed
5.4.10 Switching Charge
Reliance Group ..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
SBI Life Kalyan ULIP Plus
5.4.11 Partial Withdrawal
Not Allowed
Not Allowed
5.4.12 Partial Withdrawal Charge
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Aviva Live Smart Plan
5.4.13 Premium Redirection
Not Allowed
Not Allowed
5.4.14 Premium Redirection Charge
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
SBI Life Kalyan ULIP Plus
5.5 Group Members
5.5.1 Addition
Not Allowed
Not Allowed
5.5.2 Deletion
Not Allowed
Not Allowed
5.6 Medical Examination
54% Money Back Insurance Plans Life insurance plans have it !
54% Money Back Insurance Plans Life insurance plans have it !

Compare Aegon Life Flexi Money Back and Aegon Life Regular Money Back

Compare Aegon Life Flexi Money Back and Aegon Life Regular Money Back on basis of policy details, premium details, eligibility etc. Aegon Life Flexi Money Back is provided by AEGON Religare Life Insurance. Aegon Life Regular Money Back is provided by AEGON Religare Life Insurance. Both these policies come under Money Back Insurance Plans. Online buying option is not available for first insurance policy and online buying option is not available for second policy.

Minimum entry age for Aegon Life Flexi Money Back Advantage is 7 years and maximum entry age for the same policy is 60 years. Similarly for Aegon Life Regular Money Back Insurance Plan, minimum entry age is 7 years and maximum entry age is 55 years. Depending upon the selected plan, the premium amount and payment options may be different. Premium is the amount you pay to the insurance company in exchange of life cover. Premium payment option/s for former policy: Limited Pay and premium payment option/s for latter policy: Limited Pay. In regular pay mode, you are supposed to pay this money at fixed intervals throughout the policy term whereas for limited pay mode, you are supposed to pay money only for a limited number of years.

Benefits of Aegon Life Flexi Money Back and Aegon Life Regular Money Back

Benefits of Aegon Life Flexi Money Back and Aegon Life Regular Money Back consist of maturity benefit, tax benefit, death benefit etc. Some Aegon Life Flexi Money Back Advantage and Aegon Life Regular Money Back Insurance Plan Provisions are made for a policy holder. Loan is one such provision. For first plan, a person can apply for loan and second plan provides loan facility. Following are the benefits under these insurance policies.

For Aegon Life Flexi Money Back Advantage:

  • Tax benefit: Available.
  • Maturity benefit: Available.
  • Death benefit: Available.

For Aegon Life Flexi Money Back Advantage:

  • Tax benefit: Available.
  • Maturity benefit: Available.
  • Death benefit: Available.

If the policy has tax benefit, it means that the premium you pay for the policy is eligible for deduction in tax returns along with a part of money you receive on maturity of the policy. If the policy has death benefit, in event of death of the policy holder, all the money paid as premium shall be returned to his family. Even bonus is added to this money for some policies. Thus his family can stay financially secure. Maturity benefit is the money you get at the end of the policy term. This is the total of all the premiums you have paid along with applicable bonus.

Provisions under Aegon Life Flexi Money Back and Aegon Life Regular Money Back

Provisions under Aegon Life Flexi Money Back and Aegon Life Regular Money Back mainly include policy renewal and different types of riders. For Aegon Life Flexi Money Back Advantage, policy renewal is allowed Policy renewal is allowed for Aegon Life Regular Money Back Insurance Plan. Different riders such as accidental death benefit rider, critical illness rider etc. are provided for an insurance policy. Riders are special clauses in an insurance policy that cover cases when you won't be able to pay premium. Accidental death benefit rider is available for first policy and it is available for second policy.Critical illness rider is not available for former policy and it is not available for second policy.Term rider is not available for first insurance policy and this rider is not available for second policy.

Terms and Conditions For Aegon Life Flexi Money Back and Aegon Life Regular Money Back

Terms and conditions for Aegon Life Flexi Money Back and Aegon Life Regular Money Back includes the grace period, free look period, exclusions, riders etc. for both the policies. Grace period can be utilized for paying unpaid premiums. Grace period for these insurance plans is 30 Days. Free look period for these insurance plans is 15 Days.

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