Aegon Life Guaranteed Growth Insurance Plan

If you are looking for an investment plan that guarantees returns, this plan is for you. Aegon Life Guaranteed Growth Insurance Plan ensures you receive what you are promised and at the right time. So, you can achieve your goal, regardless of the situation

Key Features

  • The policy holder can decide on the amount of premium they wish to pay every year
  • Get guaranteed payout with accrued bonuses if any at the end of the policy term.
  • Reduced premium for women and non-smokers.


  • Maturity Benefit
You will get 150% of the annualized premium you have paid every year (excluding taxes) at the end of every year from 10th year to 17th year from the date of commencement of the policy. This benefit is the Maturity Benefit which will be paid over a period of time. This benefit will only be payable if all the premiums are paid till the end of the Premium Payment
  • Death Benefit
In case of unfortunate demise of the Life Assured during the Policy Term, the nominee will get the guaranteed payouts (i.e. maturity benefit) as scheduled at the end of each year during the Payout period. Payout period is defined as the period starting from the end of 10th year till end of 17th year.
  • 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 8 years 50 years
MATURITY AGE Maximum 60 years completed
SUM ASSURED 10 times of annualized premium
POLICY TERM 10 years
PAYMENT MODE 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

  • 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.