Aegon Life Future Protect Insurance Plan

This is a unit linked insurance plan. This plan does not offer any liquidity during the first five years of the policy term. The policy holder will not be able to surrender or return the policy during the first five years of the policy term. In this policy, the investment risk in the investment portfolio is borne by the policy holder. In this policy, you can gain from the upside of the stock market and also protect your family with an adequate life cover

Key Features

  • This planhelps you to gain from your investment along with minimizing the risk to your returns
  • Multiple fund choices to suit your investment need
  • Flexibility to choose the amount of life insurance cover as per your need
  • Option to increase the level of protection on your life during the Policy Term
  • Liquidity options through Partial Withdrawals available after five years
  • Option to pay additional premium by way of Top-up
  • Take advantage of staying invested in funds for 5 years after maturity


  • Maturity Benefit
On maturity, you receive the Fund Value (including Top up Fund Value, if any) existing on the maturity date. If you do not wish to take the entire maturity amount at one go, you can avail of the Settlement Option
  • Death Benefit
In case of an unfortunate demise of the Life Assured, the nominee receives highest of Sum Assured or Fund Value or 105% of all the premiums paid. In case a Top-Up fund exists, higher of Top-Up Sum Assured or Top-Up Fund Value will also be paid. The Policy terminates thereafter
  • Tax benefit
The Premium(s) paid by you are eligible for tax beneļ¬t available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable.

Am I eligible?

ENTRY AGE 7 years 50 years
MATURITY AGE - 65 years
SUM ASSURED 7 times of annualized premium 10 times of annualized premium
PREMIUM PAYMENT TERM Equal to policy term
POLICY TERM 10/20/25/30/35 years
PAYMENT MODE Yearly, Half-yearly, Monthly

What if?

I am unable to pay on time

  • A grace period is provided based on the payment frequency. The policy is continued if you make the payment within the time period else the policy is lapsed.

I stop the payment

  • On the completion of the grace period the policy will get lapsed and the benefits cannot be claimed on the death of the life insured.

I wish to take a loan

  • No loan options are available for this policy


Suicide Benefit

  • In case of death of the Life Assured due to suicide within 12 months from the date of commencement of risk or from the date of revival of the policy, the nominee or beneficiary shall be entitled to the Fund Value, as available on the date of death. Any charges recovered subsequent to the date of death of the Life Assured shall be paid-back to the nominee or beneficiary along with the death benefit.