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AEGON Life - iReturn

About The Plan

AEGON Life iReturn Plan is an e-policy, and hence can be purchased online. If you are looking for pure protection along with return of Premiums, this plan is for you. It not only provides you a life cover like any other term plan, it ensures all your premiums are returned in case of your survival till the end of the policy period. Plus, you can avoid the hassle of going through the tedious paper work and buy it online!

Key Features

Payment of a lump sum life cover on the death.

Under the Terminal Illness benefit, if any terminal illness is diagnosed, future base Premiums will be waived and an amount equal to 25% of the base Policy Sum Assured will be paid.

Under Maturity Benefit, if the life insured survives the Policy Term, the company will pay the insured all the Premiums paid.

Four riders - AD Rider (Accidental Death), iCI Rider (Critical Illness), WoP on CI Rider (Waiver of Premium), Women CI Rider (Women Critical Illness) to make your plan more comrehensive.

Min. sum assured Rs 30 lacs, max. Rs 4 Crore (subject to underwriting).

Entry age 18-65 years.

Maximum maturity age-75 years.

Option to choose cover term from 5, 10, 15 or 20 years, subject to meeting the maximum maturity age.

Tax benefit u/s 80C & 10(10D) of the Income Tax Act, 1961.

Eligibility Criteria

  • Minimum sum assured is 30 lakhs & maximum sum assured is 400 Lakhs
  • Minimum entry age is 18 years & maximum entry age is 65 years
  • Minimum policy term is 10 years & maximum policy term is 40 years
  • Premium payment mode is Single, Quarterly, Half-yearly, Yearly
  • Maturity benefits are If policyholder survies the Policy Term, the company pays all the premiums paid (excluding any Rider Premium, service tax or extra Premiums charged, if any)
  • Grace period is 30 days
  • Yes, under Section 80C & 10(10D) of the Income Tax Act, 1961


Ms.Shalini (age 30 years) is an executive with a multinational firm. She is married to an adventure sports professional. They have a daughter, Anuja, who is 3 years old. While they lead a good lifestyle with an owned house and car, both are availed through loans. Shalini is aware that life is uncertain and her husband's profession does not allow him to take a very high insurance cover in his name. Hence she relies on Aegon Life's iReturn Insurance Plan.


Her plan details are as follows:


Cover Amount (Base Sum Assured): Rs.75 lakhs,

Policy Term: 20 years,

Premium Payment Term: 20 years,

Base Premium: Rs.14,850/-.

Additionally, she opts for the Women CI Rider and iCI Rider to take care of any critical illnesses. She also wants to ensure that this policy's benefits are accrued come what may, hence she opts for Waiver of Premium on CI Rider. Additional premium for Riders: Rs.2939/- p.a.