Thursday, January 12, 2023

Aegon Life Insurance Launches “iTerm Prime For Self-Employed Customers”

* Self-Employed Customers To Get Special 10% Discount On 1st Year Premium 

Important Features 

Life cover starting from ?25 lakhs 

Flexible premium payment options 

Fully online buying process - no paper process or document uploads required 

‘Special Exit Value’ – get all premiums back with this option 

Additional riders to cover Critical Illness and Accidental death available 

Aegon Life Insurance, Digital India's life insurance company, has launched the “iTerm Prime Insurance plan” for self-employed customers. The company is offering a special 10% discount to self-employed customers and a 5% online discount for all other customers, for buying iTerm Prime life insurance. This discount is applicable on 1st year premium. iTerm Prime offers a minimum sum assured of ?25 lakhs. There is no upper limit on the sum assured. The policy can be purchased on Aegon Life’s website ( and through its partners. Online policy buying process is simple. There is no need for paperwork or document scan and upload required. 

iTerm Prime is a famous life insurance plan by Aegon Life. The product also offers a ‘Special Exit Value’ option that allows the policyholder to get all premiums back when they turn 55 years old.  

“iTerm Prime is made to meet the requirements of self-employed population in Emerging India. There are crores of self-employed people in India, but a lot of them do not have life insurance. This is because of difficult paper process for buying insurance. Aegon Life’s policy buying process is fully online. There is no paper process required. To purchase our insurance, the buyer only needs is his/her PAN, Aadhaar, or drivers license. We have made this simple online process so that customers can buy our life insurance policies in a few clicks on their computer or mobile. For iTerm Prime, we are giving a special discount and flexible payment options to make the product more affordable for the end consumer,” said Satishwar B., MD and CEO of Aegon Life Insurance. 

Term insurance is essential for every household. If an earning member dies, the financial benefit from the term insurance policy helps the family. Term insurance is very affordable also. For e.g. a 30-year-old youth buying the iTerm Prime can get a Rs.1-crore life cover for just about Rs. 39 a day, and a 50 lac life cover costs just Rs. 22 a day. In case the policyholder dies an untimely death, his/her family can use the life cover benefit to pay off loans, fund their child's education and even their marriage. 

Aegon Life has a high claim settlement ratio of 99.03%.  With all these benefits, Aegon Life’s iTerm Prime is a very important term insurance policy for every household in emerging India. 

About Aegon Life: 

Aegon Life is Digital India’s life insurance company and pioneered the online Term Insurance plan in India. As India’s only 100% digital life insurance company, it’s building innovative solutions to financially secure every Indian household and provide greater clarity, transparency, and superior consumer experience. 

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