Aegon Life iTerm Comfort is a term insurance plan offered by Aegon Life Insurance Company, formerly known as Aegon Religare Life Insurance Company. It will pay a sum of money as a death benefit to your family if your death happens during the policy term. With term insurance, you can get a large cover, for a very nominal premium (almost 1000X the yearly premium you pay). This makes it one of the most essential products for your financial portfolio if you have dependents who rely on your income for their expenses.
Although this product offers an early exit option as well as comprehensive critical illness coverage, it doesn’t allow you to choose important customizations such as increasing cover or limited pay. It also doesn’t give you any options to customize how your family will receive the claim amount and is more expensive compared to other plans in the market. And, as per our research, the insurer has received a higher number of claim settlement complaints as well as policy purchase complaints, indicating a poor track record in terms of both purchase and claims service experience.
Aegon Life Insurance Company formerly known as Aegon Religare Life Insurance Company is an Indian Life insurance Company. Founded in the year 2008, it is a joint venture between Aegon NV, a leading international provider of life insurance, pensions and asset management services, and Bennett, Coleman and Co. Ltd., India's largest media conglomerate popularly known as the Times Group. The company is headquartered in Mumbai and its CEO/CMD is Mr. Satishwar Balakrishnan.
Aegon Life iTerm Comfort is a term insurance plan offered by Aegon Life Insurance Company.
The Aegon Life iTerm Comfort policy doesn’t allow you to choose some important customizations such as increasing cover or limited pay. It also doesn’t give you many options to customize how your family will receive the claim amount. Further, the product is considerably expensive compared to other products in the market. Additionally, the insurer has a good track record of settling claims faster but has received a higher number of policy purchase and claim settlement complaints.
Here is a quick review of the top features and benefits of the Aegon Life Term plan.
The Aegon Life iTerm Comfort comes with additional optional benefits that you choose as riders. This list includes -
It is not necessary that you will require each and every rider that comes with the plan. Make sure whichever riders you choose are beneficial and fulfill your family’s needs.
Here is a quick overview of the claims experience your nominee will get with this insurance company.
Aegon Life Insurance Company formerly known as Aegon Religare Life Insurance Company is an Indian Life insurance Company. It offers Term Life Insurance Plans, Traditional Savings Plans, and Unit Linked Insurance Plans. Founded in the Year 2008, it is a joint venture between Aegon N.V. and Bennett Coleman and Company Limited. The company is headquartered in Mumbai, with branches across various cities. The CEO / CMD of the company is Mr. Vineet Arora.
Based on the 100+ parameters analyzed by our in-house research team and after looking at all the product benefits, customer service, and claims experience - we give the Aegon Life iTerm Comfort Plan an overall Beshak⭐Rating of 2.9/5.
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