The Best Term Insurance Plan with Maturity Benefit for 2023
What is Term Insurance?
Term insurance is a type of life insurance policy that provides a lump sum payment to the insured’s beneficiaries upon the insured’s death. This type of insurance is usually purchased for a set period of time, or a “term”, such as 10, 20, or 30 years. The amount of the death benefit is determined by the amount of money the insured pays in premiums.
What is Maturity Benefit?
Maturity benefit is a type of life insurance policy that provides the insured with a lump sum payment at the end of the term if the insured survives the entire term. This type of benefit is often added to a term insurance policy to provide additional protection and financial security.
Which is the Best Term Insurance Plan with Maturity Benefit for 2023?
The best term insurance plan with maturity benefit for 2023 is the Aegon Life iTerm Insurance Plan. This plan provides a guaranteed sum assured on death or disability at the end of the chosen policy term. Additionally, the plan also provides an additional Maturity Benefit equal to 105% of the sum assured at the end of the policy term, provided all due premiums have been paid. It also offers a range of additional features and benefits such as tax benefits and critical illness cover.
Benefits of the Aegon Life iTerm Insurance Plan
The Aegon Life iTerm Insurance Plan offers a range of benefits to policyholders. These benefits include:
- Guaranteed sum assured on death or disability
- Additional Maturity Benefit equal to 105% of the sum assured
- Tax benefits
- Critical illness cover
Conclusion
The Aegon Life iTerm Insurance Plan is the best term insurance plan with maturity benefit for 2023. It provides a range of features and benefits to policyholders, such as guaranteed sum assured on death or disability, additional Maturity Benefit, tax benefits, and critical illness cover.