It is always delightful to get back what you give and even more delightful to get something extra. At AEGON Religare Life Insurance, we understand this. Which is why, we bring you the AEGON Religare 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:
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 year | 20% |
| 12th year | 30% |
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.
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.
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.
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 Age | Minimum – 90 days Maximum – 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 |
* The modal factor for modes other than Annual mode will be: Semi Annual Premium – Annual Premium x 0.512; Monthly Premium – Annual Premium x 0.087.
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