Product Specification-ireturn-insurance-plan

Policy Details of Aegon Life iReturn Insurance Plan Grace period: A grace period of 30 days is allowed to the policyholder in case he is not able to make the premium payments on time. Policy termination or Surrender Benefit: In case of single premium payment option, the surrender value gets enabled on the completion of the first policy year. In the case of limited premium payment option, the surrender value gets enabled on the completion of the second policy year. In the case of regular premium payment option, the surrender value gets enabled on the completion of the third policy year. Free look period: If the policyholder feels that the plan features and benefits are not satisfactory, he/she is free to cancel the plan within 30 days since the inception of the plan, given no claims have been filed yet. Additional Rider Covers: Aegon Life iReturn plan allows the policyholder to customize their plan with rider covers as per his/her requirements. Below are the Rider Covers available under this plan: Aegon Life Accidental Death Benefit Rider: Accidents can have a serious impact on life, ranging from permanent disability to death. Accidental death rider cover guarantees financial security to your family in case of your unforeseen accidental death. Aegon Life Critical Illness Rider: There are 4 critical illnesses identified by Aegon Life. Those diseases can drain the policyholder of a large sum of money. Hence, Aegon Life offers Critical Illness rider in order to provide financial assistance to the policyholder in case he/she is ever diagnosed with those diseases. Aegon Life Waiver of Premium Rider on Critical Illnesses: Aegon Life understands how difficult it is for the policyholder to continue with the policy once he/she is diagnosed with a critical illness. Hence, the rider offers a distinct benefit under which all future premiums are waived off in case the insured is diagnose with any of the critical illnesses recognized by Aegon Life. But the policy continues till maturity. Aegon Life Women Critical Illness Rider: On being diagnosed with any of the critical illnesses listed as special illness conditions for women, this rider provides the insured with a percentage of the basic sum assured. Special illness conditions listed under this category include Female Organ Cancer, Birth of Child with Congenital Disorder, Surgeries, and Complications in Pregnancy. Exclusions Suicide: In a case of suicide committed by the insured within the first 12 months of the plan inception, 80% of the premium paid is payable to the beneficiary. In case of suicide committed by the insured within the first 12 months of the plan renewal, higher of 80% of the premiums paid so far or the surrender value is payable to the beneficiary.