Aegon ULIP Plans
Unit-Linked Insurance Plans, better known as ULIPs, are a hybrid product that has been created to give the customers the dual benefits of insurance and market-linked investments. When you invest in Aegon ULIP, a share of the premium goes towards your life cover and the remaining is carefully invested in the money market. In case you pass away during the policy term, the nominee would receive the life cover in the form of the death benefit, and in case you survive the policy term, at the end of the term, you would receive a lump-sum payout in the form of maturity benefit.
Features of Aegon ULIP
|Name Of Plan||Entry Age||Policy Term|
Minimum 7 years/ 18 years
Maximum 55 years/ 50 years
Subject to Benefit option chosen
|15/ 20/ 25 years|
Minimum 7 years
Maximum 55 years
|10/ 15/ 25 years|
|Future Protect Insurance Plan|
Minimum 7 years
Maximum 50 years
|15/ 20/ 25/ 30/ 35 years|
|Rising Star Insurance Plan|
Minimum 18 years
Maximum 48 years
|25 years - Age at the entry of the child in years|
Benefits of Buying Aegon ULIP
- Dual Benefits
With your Aegon ULIP, you get the benefits of insurance along with investment. In case you, the policyholder, pass away during the policy tenure, your appointed nominee receives the death benefit. If you survive the policy you will receive the maturity benefit, along with loyalty benefits.
- Plan for Different Stages of Life
When you invest in Aegon ULIP, you can make partial withdrawals after the lock-in period is over. These withdrawals can be extremely beneficial when you have the need some financial needs in different stages of life.
- Tax Benefits
With your ULIP, you can avail tax benefits up to INR 1.5 lakhs. The premium that you pay towards the ULIPs is tax-exempted.
- Freedom to Choose
When you invest in Aegon ULIPs, you get the flexibility to switch from an equity to a debt fund, or a combination of the two. On the basis of your risk tolerance ability, you have the freedom to modify your plan.
Another great advantage of investing in Aegon ULIPS is that these plans are extremely affordable. Some plans come with a premium as low as INR 2,000 per month.
Most Popular Aegon ULIP
- iMaximize Plan
An excellent plan especially for first-time investors. An affordable insurance plan that offers financial security for your child, even in your absence. With the triple Benefit Payout option, iMaximize Plan also provides you with the flexibility and allows you to invest as per your risk appetite.
- iInvest Plan
This is an online unit-linked insurance plan that is well-suited for new investors. You can start your investment with as low as INR 2,000 per month. You get the option to choose from 6 unit-linked funds as per your goals.
- Future Protect Insurance Plan
This is a unit-linked non-participating life insurance plan. While protecting your loved ones with a sufficient life cover, you can gain from the upside of the stock market with the Future Protect Insurance Plan. With this plan, you can invest your money systematically to build a corpus. You also have the option of “Invest Protect” to minimise the risk on your returns.
- Rising Star Insurance Plan
With the Rising Star plan, you can systematically contribute money and save a corpus for securing your child’s future. The plan allows you to provide triple benefit insurance cover against your life till the time the child turns 25 years of age. The option of “Top-Up” is also available.
Insight on Aegon ULIP
Aegon has been quite successful in making ULIPs uncomplicated and easy-to-understand. Aegon ULIPs are also a much-preferred investment option that helps in fulfilling your long-term goals. Along with the multiple benefits, Aegon ULIPs also offer you and your loved ones with a protective cover of life insurance. The market-linked returns that you gather over the years, help in creating a corpus, which is inflation-adjusted. ULIPs by Aegon have other advantages such as partial withdrawals, top-ups and freedom to switch allow you as an investor to operate and strategize your investments.
Understand the policy before investing can give you an edge in recognising the strengths of the plan. When you invest in a suitable ULIP plan, even if you are an amateur investor, you can reap maximum benefits.
Aegon Life ULIP Plans FAQs
1. What is ULIP?
A ULIP is a Unit-Linked Insurance Plan, it offers you a dual benefit of insurance and investment.
2. When my Aegon ULIP matures, what amount of money would I receive?
When you buy a ULIP, you have to pick one or more funds to invest your money in. You also have the choice to switch the funds during the policy term. The value that is collected over the years, will be payable at the time of maturity.
3. Will I be able to surrender my Aegon ULIP during the lock-in period?
Unless it is really an emergency, you should avoid doing so. To receive good returns from your investment, it is advised that you keep the investment going for the whole term. You can surrender the policy but remember that the collected funds would be expendable only when the lock-in period finishes.
4. What is the premium paying frequency in the Future Protect Insurance Plan?
In the Future Protect Insurance Plan, you can pay the premium on a monthly, half-yearly or a yearly basis.
5. How can I buy an Aegon ULIP?
Once you make up your mind, on the plan that you wish to invest in, the purchase procedure is simple. Get in touch with customer care, to request the assistance of a Life Advisor from the company, or connect with an insurance agent. In case you wish, you can also purchase the plan online through the company website or an insurance broker’s or aggregator’s website.