Aegon Life iMaximize is a non-participating Unit Linked plan available online which gives the dual benefits of wealth maximization and insurance coverage. ULIP with ZERO premium allocation charge. Key Features & Benefits of iMaximize Plan from Aegon Life. Read detailed Review of this online plan by. Aegon Life iMaximize is an online ULIP and hence tries to leverage on a lower cost structure than traditional ULIPs. It only partially succeeds in.
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We have designed it to offer a considerable degree of flexibility, making it well suited to the first time investor and market expert alike. No allocation charges means you maximise the return from your investment as the full amount gets exposure to the fund of your choice. Boost your fund value through periodic Top-up Premiums, if desired.
It has no Premium allocation charges, thus increasing the availability of more fund for investment. It is not only a value for money investment but also provides you a choice for opting the protection death benefit suitable for you. As such Aegon Life is now having a very good name in the insurance aehon and they are quite professional. Only you need to go to their website select plan and put your details and you will be provided with all the details of the insurance plan. You can keep your family secure by just spending a few minutes to fill out a simple step-by-step form.
Keep the following documents ready before you fill the form. Once you fill the form and pay your premium we will guide you through the next steps which may include a medical check. If you have any difficulty, click on the call button anytime. You will receive a call from us to help you with any query.
It is a password consisting of a 4-digit number unique for your policies with us. The same has to be used along-with the policy number for giving policy servicing request over the phone.
For security reasons your T-PIN will be sent to your mailing address separately, post your policy issuance. Pay the current due amount, if any. For ECS addition for any other mode of payment 1 advance premium required if the next due date in within next aegoon days along with the ECS form. Change in Premium payment frequency Post policy issuanceIt will be effective from the next policy anniversary.
A Unit Linked Insurance Plan ULIP is a product offered by insurance companies that unlike a iimaximize insurance policy gives investors the benefits of both insurance and investment under a single integrated plan.
Aegon Life iMaximize Insurance Plan offers 6 fund options: Blue Chip Equity Fund: This Fund aims to provide long-term capital appreciation by investing in a diversified equity portfolio that consists of predominantly large cap companies with strong financials, quality management and market leadership.
ULIP Review: Aegon Life iMaximize Plan; does it maximise returns?
This fund will invest in equities of various sectors to diversify the portfolio and generate attractive returns in the long term. This fund will aim to provide a long term wealth generation by actively managing a diversified equity portfolio, predominantly comprising of stocks with market capitalization between INR 5, crore to INR 15, crore. This fund will aim to maintain a balance between equity and debt exposure to have a stable and attractive long term return. It will also shift allocation between debt and equity to gain from asset price movements over medium to long term.
This fund will aim to generate attractive investment income by investing in a diversified portfolio of government debt, corporate debt and money market instrument of varying maturities. This fund will aim to invest in a diversified portfolio of debt and money market instrument of short to medium term maturities. The main objective will be to generate attractive investment income while providing the security of very low volatility risk since asset durations would be reasonably small.
Different funds have different risk profiles. The potential for returns also varies from fund to fund. Yes, you can revive your lapsed Policy within the Revival period of 2 years.
Revival will be subject to payment in full of an amount equal to all the Policy Premiums due but unpaid till the Effective Date of Revival. Yes, you can change your fund selection at any time during the Policy Term using the features of Switch and Premium Re-direction available with this plan. Switch – This feature helps you shift your investments from one fund to another. Premium Re-direction – This feature allows you to alter the premium allocation to be applied to your future premiums and Top-Ups.
ULIP Review: Aegon Life iMaximize Plan
You can contact us on our toll free no or you can write to us at customer. Aegon Life ensures that every transaction you conduct online is in a safe and secure environment.
The process of encryption takes your credit card information and converts it into bits of code that are securely transmitted over the Internet. This scrambled data rreligare be read as the information travels over the Internet. Yes, this plan has a Top-Up facility to help you boost your Fund Value by paying additional premiums as per your convenience.
Also it is important from financial underwriting point imaimize view. No, Death Benefit option selected by you during Policy purchase will remain same throughout the policy term.
There are two Death Benefit options available under this plan. Yes, the Partial Withdrawal facility available with this plan gives you the option to withdraw money from your Fund Value after first 5 Policy Years. You have the flexibility to make up to four Partial Withdrawals in each policy year free of charge.
This Policy covers all types of deaths except death due to suicide during first Policy year or within one year from the date of revival. In case of death by suicide during first Policy year or within one year from the date of revival, only fund imaximixe as on the date of death is payable. In case of death of the Life Assured, nominee will receive the following: There are no hidden charges in this plan. Please refer to the Product Brochure for details of the various charges applicable under this policy.
You can select to pay your premiums annually or monthly. You also have the option to pay your premiums in one lump-sum under the single pay option.
The Company would seek the following primary documents in support of a claim to enable processing of the claim intimated by the nominee under the Policy: Original Policy Document II. Death Certificate issued by the local authority III. The Company is entitled to call for additional documents or information for processing of the claim depending on the cause of claim.
This plan provides you with the qegon to decide on the duration for which you would want to pay the Policy premiums. In case you are not satisfied with the Terms and Conditions, you can request for free look cancelation within 30 days from the date you receive the policy documents.
Our objective is to settle claims as early as possible and you would be glad to know that after receiving the necessary documents we take not more than 6 working days to settle a claim. To get the maximum benefit from this Policy, we encourage you to continue your Religrae for the complete Policy Term. However, in case you still want to surrender your Policy, you can do so at any time during the Policy Term. However, in case of surrender during the first 5 Policy Years, the Surrender Value will be paid after the completion of first 5 policy years.
Following are the points that need to be kept in mind to ensure a hassle-free claim experience: Double-check details with regard to your nominee. Ensure that your nominee knows the details of your policy such as sum assured, policy term.
Also keep your policy bond in a safe place and ensure that your nominee knows reliagre the original policy bond is stored. Pay your premiums regularly so that Policy is in force. Total Charges include policy administration charge, base mortality charge, Additional Savings Benefit charge, Income Benefit charge and fund management charge. If your policy is discontinued any time during the first five policy years, discontinuance value will only be payable after completion of five policy years.
The past performance of any of the unit linked segregated funds is not necessarily an indicative of the future performance of any of these segregated funds. The religard charges are subject to underwriting of the proposal, and may increase before the acceptance of argon risk. Service tax, Education cess and any other taxes announced by the government of any other statutory body in future would be levied as per the applicable tax laws.
Unit linked Life Insurance products are different from the traditional insurance products and as such, are subject to risk factors. Aegon Life Insurance is only the name of the Insurance Company and Aegon Life iMaximize Insurance Plan is only the name of the unit linked life insurance contract and it does not in any way indicate the quality of the contract, its future prospects and returns.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges, from policy document of the insurer.
This is a nonparticipating unit linked plan and we do not offer policy loan in this plan. Why buy this plan? Benefits Ensures your child gets the financial security he or she will need. Provides the flexibility for you to invest as per your risk appetite. Or pays you the Total Fund Value as on maturity date, if all goes well. Tax benefits on premiums paid and benefits received. Vishal Shah “This is the plan for which one can be assured that this plan will take care of their child education expenditure.
Next step You can keep your family secure by just spending a few minutes to fill out a simple step-by-step form. How can I change the nomination details in my policy? Option 1 – Endorsement form submission: For addition or change in nomination, you need to submit an endorsement form, signed by the policyholder, at the nearest ALI branch or the registered Head Office. In case of an addition of a minor nominee below 18 years segon, you need to update the appointee details in xegon endorsement form.
Option 2 – Call our Toll free number: Instantly process the change of nomination for your policy, through your phone, by calling us on our customer service toll-free number using your policy number and the T-PIN issued to you. For us to process your Fund switch request on the same day, remember to inform us before 3. Requests received after 3.
For Fund switch requests that you send on Imaxjmize remember to inform us before 3. However, if you are unable to do so your request will be processed on Monday. There are three simple options to execute the Fund switch request Option 1 – Endorsement form submission: For a Fund switch request, you need to submit an endorsement form signed by the policyholder at the nearest ALI branch. You need to fill the complete details, i.
Based on the fund switch request, current funds will be allocated to the new fund opted by you.