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Aegon Life EduCare Advantage Insurance

Aegon Life Edu Care Advantage is a conventional Child Plan with Money Back office. The arrangement assurances to accommodate the kid's future monetary necessities even in the tragic passing of the parent.
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Aegon Life insurance review

Aegon iTerm Plus Insurance plans
Distribution - Number of branches pan India (March 2019)
82
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
5/62
Solvency Ratio (FY 2018-19) *
2.59
Number of Policies Sold (Ind+Group) *
37,487
Number of Lives Covered (Ind+Group) **
285,524
Claims Settlement Ratio (Ind+Group) ***
96.90%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

EduCare Advantage Insurance overview

  • Key Features
  • Key Benefits
  • Eligibility

Key Features of EduCare Advantage Insurance

  • It is a participating (with profit) child plan that offers limited premium payment option.
  • Lump sum payouts in the last 4 policy years

Key Benefits of EduCare Advantage Insurance

  • On death of the life insured, the nominee receives the guaranteed death benefit, which is higher of ten times the annual premium, 105% of the total premium paid and the sum assured along with the vested bonuses.
  • In the last four years of the policy term, guaranteed Payouts accrue at 40% and 20% per year. even after the death of the policyholder
  • On Maturity, 20% of the SA (last instalment) + vested bonuses is paid
  • The two sections of Income Tax Act of India, namely Section 80C and Section 10(10D) allows the policyholder to enjoy Tax Benefits on the premiums paid and on the claims received, respectively.

Eligibility Criteria of Rising Star Insurance Plan

Entry Age (As On Last Birthday) Minimum : 20 years Maximum : 60 years
Policy Term (years) 25 years less age at entry of thechild in completed years
Maturity Age (As On Last Birthday) Maximum : 75 years
Policy Term 14, 16, 20 Years
Premium Paying Term 10, 12, 16 Years
Premium Paying Frequency yearly, half yearly, monthly
Premium Depends on SA, age, term and PPT chosen
Sum Assured
  • Minimum - 100,000
  • Maximum - No-Limit

Brochure

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Policy wordings

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    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025