If you opt for Invest Protect Option, it will not only help you gain from your investment but also minimize the risk to your returns as your policy nears maturity. It aims to protect your money by systematically shifting the Fund from Accelerator Fund to Secure Fund during the last 3 policy years.
E.g.: If you opt for a 15-year plan, the premiums paid (after premium allocation charges) will be invested in Accelerator Fund during the first 12 policy years, Stable Fund in the 13th policy year, Debt Fund in the 14th policy year and Secure Fund in the 15th policy year. Further, 10% of the total units at the beginning of 3rd last policy year will be switched monthly in Stable Fund. In 2nd last policy year 10% of the total units at beginning of year will be switched monthly in Debt Fund. Similarly, 10% of the total units at the beginning of the last policy year will be switched monthly in Secure Fund.
How does the plan work?
Step 1: Decide on the amount of premium you wish to pay every year
Step 2: Choose the amount of insurance cover you want (Sum Assured)
Step 3: Decide on the policy term
Step 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.
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