Aegon Religare iTerm Plan | Features & Benefits

Overview –

No one has control over worries of life. Will your loved ones be able to maintain the same lifestyle even in your absence? In order to ease some worries and give your family the best, we offer you AEGON Religare iTerm Plan, which ensures safety for your loved ones – at a fraction of the cost.

How to buy iTerm?

Step 1: Choose the amount of protection you need.
Step 2: Decide on the term of your policy.
Step 3: Click here to buy now.

Eligibility –

Sum Assured	Minimum – Rs. 10,00,000 Maximum – No limit (subject to underwriting requirements)
Entry Age*	Minimum – 18 years Maximum – 65 years
Maturity Age	Maximum – 75 years
Policy Term	Minimum – 5 years; Maximum – 40 years or upto age 75
Premium Pay Term	Equal to the policy term
Premium Payment Frequency	Annually/One Time

Benefits –

Death-

Death benefit, if payable during the grace period, will be reduced by the outstanding policy premium.

Other Features -

Terminal illness

Terminal Illness is defined as an advanced or rapidly progressing incurable & uncorrectable medical condition, which in the opinion of the treating physician is highly likely to lead to death within the next six months. An independent practicing medical consultant acceptable to the insurance company specializing in the relevant field of medicine also needs to certify with reasonable certainty that the life expectancy of the insured is less than six months at the time of notification. The insured must not be receiving any form of treatment other than palliative medication for symptomatic relief and must not have engaged in any gain full employment for the last 30 days. The insurance company must be notified of the diagnosis within 30 days of the same being made.

Grace Period

You are allowed to pay premiums within 30 days from the premium due date. If a due premium is not received within the grace period of 30 days, your policy will lapse and the insurance cover will be ceased.

Exclusion

In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable.

Lapse and Reinstatement

If premiums are not paid before the expiry of the 30 day grace period from the premium due date, the policy will lapse. If you fail to reinstate a policy within this two year period from the premium due date, the policy will terminate. On reinstatement, all outstanding premiums, without interest will be payable.

Sum Assured

No change in the Sum Assured is allowed during the policy term.

Service Tax

Service tax or any other tax shall be levied as per the prevailing tax laws on premiums or benefits payable.

Rider-

AEGON Religare AD Rider

Accidental Death Benefit Rider – In case of an accidental death, this rider gives the nominee an additional payout (up to the rider amount selected) along with the sum assured.

AEGON Religare WoP on CI Rider

Waiver of Premium on Critical Illness Rider – If you were to fall prey to any of the major illnesses ( Cancer/Coronary Artery Bypass Surgery/ Heart attack/ Stroke) all future premiums will be waived off. This ensures that your policy benefits continue even in the absence of premiums.

AEGON Religare Women CI Rider

Women Critical Illness Rider – This rider is exclusively designed for women to provide superior coverage from critical illness and other risks that are specifically faced by them. On diagnosis of any of the illness / conditions stated, the benefit amount under the rider will be paid out as detailed:

Groups	Conditions covered	Platinum
Group 1	Malignant Cancer of the Female Organs	5% of the sum assured
Group 2 ( applicable only up to age 35 years)	Pregnancy Complications & Congenital Anomalies in Newborn Child	2.5% of the sum assured

Terminal illness (inbuilt)

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Tags: Aegon religare Life Insurance, iTerm Plan