aegon life insurance

Aegon Life Insurance

Introduction

AEGON, an international life insurance, pension and investment company, Religare, a global financial services group and Bennett, Coleman & company, India’s largest media house, have come together to launch AEGON Religare Life Insurance Company Limited (ARLI).

ARLI launched its pan-India operations in July, 2008 following a multi-channel distribution strategy with a vision to help people

plan their life better ARLI has launched a suite of products that are focused on

providing the customer with the means to meeting their long-term financial goals

ARLI products such as AEGON Religare iTerm Plan and AEGON Religare Invest Maximiser Plan.

Aegon Products

AEGON Religare Level Term Plan. AEGON Religare Increasing Term plan. AEGON Religare Decreasing Term Plan. AEGON Religare Group Term Plan. Rural Term Plan. Religare Group Credit Life Plan. AEGON Religare iTerm Plan. AEGON Religare Future Protect Plan. AEGON Religare Future Protect Plus Plan. Money Back Plus Plan. Retirement Plans Insta Pension Plans

AEGON Religare Level Term Plan

Ensures protection for your loved ones at a fraction of the cost. With the help of aegon, fill out the Life Planner that will help you take the steps to having your own plan.

Features and Benefits:-

Enhanced Sum Assured This policy gives you the option to increase your

Sum Assured. This increase in the sum assured is subject to a maximum of 50% of the sum assured or Rs 10 lakh (whichever is lower), without the hassle of going through a medical examination or any other underwriting requirements.

Tax Benefits Premiums paid for AEGON Religare CI Rider may

qualify for a deduction under Section 80D of the Income Tax Act, 1961 .

AEGON Religare Increasing Term plan

Grows with your increasing responsibilities.

Benefits:-

Death In case of your unfortunate demise, the benefit

payable is 100% of the Sum Assured in the first year which increases by 5% on every policy anniversary thereafter, till the amount payable on death becomes twice the Sum Assured. After that, the benefit payable remains twice the Sum Assured.

Tax Benefits Section 80C, 10 (10D) of the

Income Tax Act, 1961 would apply. Premiums paid for AEGON Religare CI Rider may qualify for a deduction under Section 80D of the Income Tax Act, 1961.

Annualised Premium

Minimum - Rs. 2,000 p.a for regular premium Rs. 10,000 for single premium

Sum Assured Minimum - Rs. 5,00,000

Entry Age Minimum - 18 yearsMaximum - 55 years

Maturity Age Maximum - 75 years

Premium Pay Term

Single / Equal to the policy term

Policy Term Minimum - 10 years; Maximum - 30 years

Premium Payment Frequency

Single, Yearly, Half- yearly, Quarterly, Monthly (via ECS only)

Decreasing Term Plan A plan which has a cover that declines and the

premium you pay is low. Plan that ensures your liabilities don’t give you

stress. Benefits:- Death In case of your unfortunate demise, the benefit payable is

100% of the Sum Assured in the 1st year, after which it will reduce by 5% on every policy anniversary.

Tax Benefits Section 80C, 10 (10D) of the Income Tax Act, 1961 would

apply .

Eligibility

Annualised Premium Minimum - Rs. 2,000 p.a for regular premium - Rs. 10,000 for single premium

Sum Assured Minimum - Rs. 5,00,000

Entry Age Minimum - 18 years Maximum - 55 years


Premium Pay Term Single / 11 years (except for 10-year plan where premium pay term is equal to the policy term)

Policy Term Minimum - 10 years; Maximum - 20 years


Single, Yearly, Half- yearly, Quarterly, Monthly (via ECS only)

AEGON Religare Group Term Plan

provides the members of your group with a life insurance plan so that their families’ needs are looked after.

Benefits

Death In case of any member’s unfortunate demise, you

will be paid the Sum Assured for the nominee.

Eligibility Premium Minimum - Depends upon the

group Size & Sum Assured opted Maximum - No limit

Sum Assured Minimum - Rs. 5,000 per member Maximum - Rs. 2,00,000 per member

Entry Age Minimum - 18 years Maximum - 59 years


Size of the Group

Minimum - 50 members Maximum - No limit

Premium Pay Term

Equal to the policy term

Policy Term 1 year (yearly renewable)


Single,Half- yearly, Quarterly, Monthly (via ECS only)

Rural Term Plan

A low-cost plan that offers 100 times of your premium as life cover.

Benefits Maturity – On Survival till the end of policy term,

you receive an amount of 110% of the Single Premium paid.

Death - In case of your unfortunate demise during the policy term, the benefit payable to your nominee is the Sum Assured which is 100 times of the Single Premium paid.

Surrender - You can surrender the policy anytime you want. Guaranteed Surrender value is the percentage of the Single Premium you have paid.

Tax Benefits Section 80C, 10 (10D) of the Income Tax Act, 1961

as applicable would apply.

Group Credit Life Plan

Provides the members of your group with a life insurance plan but also adequately covers their outstanding loan amount so that your as well as their families’ needs are looked after, at an affordable cost.

Key Features Certificate of Insurance On acceptance of risk and premium, certificate of

insurance shall be issued to respective members Benefits Death

Level Sum Assured - In case of any member’s unfortunate demise, benefit payable is the chosen sum assured.Decreasing Sum Assured - In case of any member’s unfortunate demise, benefit payable is the sum assured as per the sum assured schedule. The Sum Assured schedule will be decreasing at the interest rate as defined in the scheme rules.

AEGON Religare iTerm Plan

Benefits Death - In case of your unfortunate

demise, the Sum Assured is payable to your nominee.

Eligibility

Sum Assured

Minimum - Rs. 10,00,000 (in Multiple of Rs. 1,000)Maximum - No limit (subject to underwriting requirements)

Entry Age*Minimum - 18 yearsMaximum - 60 years


Policy TermMinimum - 5 years;Maximum - 25 years

Premium Pay Term Equal to the policy term

Premium Payment Frequency Yearly

AEGON Religare Future Protect Plan

Life, if systematically managed, can constantly keep changing for better, leading only to a more secured tomorrow. AEGON Religare Future Protect Plan aims to do just that for you.

With the help of our Life Agent, fill out the Life Planner that will help you take the steps to having your own plan

How does the plan work?Step 1

Decide on the amount of premium you wish to pay every yearStep 2:

Choose the amount of insurance cover you want (Sum Assured)Step 3:

Decide on the policy termStep 4:

Invest your premium in choicest of 4 Funds OR a unique ‘Invest Protect’ option

Features & Benefits :

Maturity On maturity, you receive the fund value existing on

maturity date. If you do not wish to take the entire maturity amount at one go, you can avail of the Settlement Option.

Settlement Option – Under this option, you receive your maturity proceeds in

installments over a period you choose (not exceeding 5 years). Investment risk during the settlement period is borne by you.

Partial Withdrawal You can partly withdraw your money after first 5 policy

years. The maximum amount of partial withdrawal allowed in any policy year is 20% of the fund value at the beginning of that policy year. You can also avail of AEGON Religare Future Protect Plan’s Systematic Partial Withdrawal facility by which we redeem units periodically from your unit account and credit the money to your bank account. You can opt for systematic partial withdrawals frequency; say monthly or quarterly for the duration you choose.

Discontinuance You can discontinue the policy any time. Discontinuance value

is paid after first 5 years. Discontinuance value is fund value minus the discontinuance charges of the year in which the premiums were discontinued. The charge will depend upon the period for which you have paid your premiums, for detailed charges refer to the brochure. There is no charge on top-up or if the policy is discontinued after 4 policy years.

Death In case of your unfortunate demise during the policy term, the

nominee will receive the sum assured or the fund value, whichever is higher. However, it will not be less than 105% of the total premium including top-up premium. The fund value is the number of units in your unit account multiplied by their respective unit price. For further details on the above benefits refer to Terms and Conditions in the brochure.

Tax Benefits Premium paid under this policy will be eligible for tax benefit

u/s 80C and the benefits received under the policy will eligible for tax benefit u/s 10(10D). Please consult your tax advisor for details.

AEGON Religare Future Protect Plus Plan

How does the plan work?

Step 1: Decide on the amount of premium you wish to pay every yearStep 2: Choose the amount of insurance cover you want (Sum Assured)Step 3: Decide on the policy termStep 4: Invest your premium in choicest of 4 Funds OR a unique ‘Invest Protect’ option

Features & Benefits:

Maturity - On maturity, you receive the fund value existing on maturity date. If you do not wish to take the entire maturity amount at one go, you can avail of the Settlement Option.

Settlement Option -Under this option, you receive your maturity proceeds in installments over a period you choose (not exceeding 5 years). Investment risk during the settlement period is borne by you.

Partial Withdrawal - You can partly withdraw your money after first 5 policy years. The maximum amount of partial withdrawal allowed in any policy year is 20% of the fund value at the beginning of that policy year.

You can also avail of AEGON Religare Future Protect Plus Plan’s Systematic Partial Withdrawal facility by which we redeem units periodically from your unit account and credit the money to your bank account. You can opt for systematic partial withdrawals frequency; say monthly or quarterly for the duration you choose.

Death - In case of your unfortunate demise during the policy term, the nominee will receive the sum assured along with the fund value. However, it will not be less than 105% of the total premium including top-up premium. The fund value is the number of units in your unit account multiplied by their respective unit price. For further details on the above benefits refer to Terms and Conditions mentioned later.

Money Back Plus Plan

How does the plan work? All you will need to do is choose the

protection you need. You will receive periodic survival benefits at the end of 4th year, 8th year and 12th year at the rate of 10%, 20% and 30% of sum assured respectively. Moreover, the plan is a with profit plan wherein the Company will declare bonus rate from the first policy year onwards.

Key Advantages

Life cover continues for a period of 6 years after the end of premium payment term.

Bonus accrues first year onwards. Regular inflow of income at regular

intervals. 120% of sum assured paid till maturity. 100% of sum assured along with accrued

bonus incase of death during policy term.

Features & Benefits

Maturity Benefit - At the end of the policy term, you will be entitled to receive 60% of sum assured or 100% paid up sum assured, as applicable with the simple reversionary accrued bonus.

Death Benefit - In case of your unfortunate demise, the nominee receives the sum assured or paid-up sum assured along with the simple reversionary accrued bonus and terminal bonus, if any, irrespective of the periodic survival benefits already paid and the plan cease to exist.

Periodic Survival Benefits - At the end of 4th, 8th and 12th policy year, you are entitled to receive a percentage of sum assured as periodic survival benefits as per the table below:

End of Year % of Sum Assured paid 4th year 10%, 8th year20% ,12th year 30%

Surrender Benefit - The policy will acquire surrender value after completion of 3 years. You have the option to surrender the policy anytime after payment of 3 years’ premium The Surrender Value is calculated as Surrender value factor X paid up sum assured.

Bonus - Your policy will participate in the profits emerging in the participating fund managed by the Company. The Company will declare simple reversionary bonus as percentage of sum assured every year provided the policy is in force for full sum assured. Bonuses once declared form a part of guaranteed benefits of the plan. The bonus will be paid in case of maturity or on an earlier demise.

Paid-Up Policy - Incase you fail to pay your premiums after 3 years, the policy still continues with the paid-up sum assured.

Tax Benefit -Premium paid under this policy will be eligible for tax benefit u/s 80C and the benefits received under the policy will be eligible for tax benefit u/s 10(10D).

Eligibility

Entry AgeMinimum - 90 daysMaximum - 60 years

Maturity Age 76 years

Minimum Sum Assured

Rs.100,000

Policy Term 16 years

Premium Payment Term

10 years

Premium Payment Mode*

Annually, Half Yearly & Monthly

Money Back Plan

This plan covers you for 10 years by paying premium for only 5 years. What’s more, it also gives you 10% of Sum Assured in the 6th policy year and 15% of the Sum Assured in the 8th policy year in addition your maturity benefits.

Features & Benefits: Money Back - At the end of the 6th Policy Year, you will

receive 10% of sum assured or paid up sum assured and at the end of 8th Policy Year, you will receive 15% of sum assured or paid-up sum assured.

Maturity - At the end of the policy term, you get atleast 100% of the sum assured. In case of paid-up policies,

100% of the paid-up sum assured is paid.

Death - In case of your unfortunate demise, the nominee receives the sum assured or paid-up sum assured irrespective of the payouts already made and the plan cease to exist.

Paid-Up Policy - Incase you fail to pay your premiums after 3 years, the policy still continues with the paid-up sum assured.The paid-up sum assured will be calculated as below:(Number of years premiums received / Total number of years premium payable) x Sum Assured

Surrender - The policy will acquire surrender value on payment of 3 full years’ premiums. You have the option to surrender the policy anytime after payment of 3 years premium. The Surrender Value is calculated as Surrender value factor x sum assured and is payable after 3 policy years.

Tax Benefits - Tax benefits are available as per the prevailing tax laws. Please consult your tax advisor for confirmation.

Rider - You have the option to customize your policy by adding AEGON Religare ADDD Rider. Please read the rider brochure to know the rider in detail.

Insta Pension Plans

A plan that pays you a continuous income post your retirement for the rest of your life. So that you maintain your current lifestyle even after retirement and live the way you always have – without compromise.

How does the plan work?

Step 1: Decide the amount of premium (lump sum amount) you want to pay to purchase the Annuity Plan.

Step 2: Choose any one of the two available annuity payout options.

Step 3: Choose the annuity payout mode with which you would want to receive your annuity.

Step 4: Choose the most convenient way to receive your annuity amount from any of the two available options.

Benefits

Lifetime Income

Depending on the annuity payout option that you choose, the AEGON Religare Insta Pension Plan provides you and your spouse an income for life.

Features:-

Annuity Payout Options You have the choice to select from any of the following Annuity Payout Option

Life Annuity

If you choose the Life Annuity option, you will receive your annuity payment for as long as you live.

Joint Life AnnuityUnder this option, an annuity is paid to you for your entire life. In case of your unfortunate death, the annuity payment will be continued to be paid to your spouse, till your spouse is alive.

Annuity Payout Mode You can choose to receive your annuity either on a monthly or on an annual basis.

Options to receive you annuityYou have the option to receive your annuity amount either by cheques or by direct credit to your bank account.

Eligibility

Premium Minimum: Rs. 1,00,000Maximum: No Limit

Premium Pay Term Single Premium

Entry Age Minimum: 50 yearsMaximum: 85 years

Entry Age of Spouse Minimum: 50 yearsMaximum: 85 years

THANK YOU…..

aegon life insurance

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