Aegon Religare Group Term Plan | Features | Benefits

There is a well known saying ‘People make the place’. No matter which industry you are in, the value that individuals bring to an organization cannot be underestimated. Most of the people at your work place have a family that financially depends on them. Hence, each one needs life insurance. Providing basic financial security for these employees would not go unnoticed.

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

How do you apply for AEGON Religare Group Term Plan?

Step 1: Decide on the number of people in your group (minimum 50 members)

Step 2: Choose the amount of protection your group members need

Step 3: Derive at the Sum Assured for every member on the basis of: a) Multiple of salary b) Flat / Fixed Cover for all members c) Grade wise cover

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
Maturity Age	Maximum – 60 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)
Premium Payment Frequency	Single,Half- yearly, Quarterly, Monthly (via ECS only)

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Tags: Aegon religare Life Insurance, Group Term Plan, Life Insurance