Bimadeals » AEGON Religare Life Insurance Company

Aegon Religare Insta Pension Plans | Features | Benefits

bhavana — Wed, 08 Dec 2010 09:32:15 +0000

Your family looks to you for support and strength at all times. Whether markets crash, prices rise or unforeseen events run riot with your budgets, you manage to come out of such situations on top. All your life, you strive hard and make sure you earn enough and more to ensure that you and your family get the best of everything. Why should your post-retirement life be any less?

At AEGON Religare Life Insurance we understand this. Hence, we bring you the AEGON Religare Insta Pension Plan. 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.

Purchasing an Annuity

As soon as you purchase an annuity plan, you start getting a regular income in the form of an annuity. The actual amount you receive as annuity will depend upon the Annuity Rates applicable at the time of purchasing the annuity.

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 Annuity

Under 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 annuity You have the option to receive your annuity amount either by cheques or by direct credit to your bank account.

Eligibility

Premium	Minimum: Rs. 1,00,000 Maximum: No Limit
Premium Pay Term	Single Premium
Entry Age	Minimum: 50 years Maximum: 85 years
Entry Age of Spouse	Minimum: 50 years Maximum: 85 years

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AEGON Religare Rising Star Plan | Features | Benefits

bhavana — Wed, 08 Dec 2010 08:57:42 +0000

Your dream has always been to see your children outshine your dreams. To be able to meet their needs and aspirations is what you always strive towards. Life, if systematically managed, can keep changing for the better leading to a more secure future for your children. AEGON Religare Rising Star Plan aims to help you in doing just that. It not only makes provisions for your children’s future but also ensures that their future remains secured. 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 year

Step 2: Choose the amount of insurance cover you want (Sum Assured)

Step 3: Decide on the policy term and premium pay term of your policy

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

Features & Benefits

Death- In case of your unfortunate demise during the term of the policy, the nominee will receive the following as death benefit:

• Higher of Sum Assured or 105% of all premiums paid immediately;

• All future premiums will be waived and paid into the Policy Fund Value;

• An amount equal to the annualised premium will be paid every year to the nominee

• On maturity, Policy Fund Value will be paid.

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

Tax Benefits - The premiums paid and the benefits received under the policy will be eligible for tax benefits as applicable from time to time.

Partial Withdrawal – You can partially withdraw 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 Rising Star 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 withdrawal frequency; say monthly or quarterly for the duration you choose.

Switch - This feature helps you shift your investments from one fund to another. Four switches are free in a policy year.

Top-Up Premium - A Top-Up premium is an additional amount of premium over and above the contractual basic premiums with a minimum amount of Rs. 5,000. You can top-up your premium anytime after the 1st policy year and apart from the last 5 policy years.

Discontinuance - You can discontinuance 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, as given below. There is no charge on top-up or if the policy is discontinued after 4 policy years. This charge remains fixed throughout the policy term.

Eligibility

Minimum Annualised Premium* (AP)	Annual mode: Rs. 20,000 p.a.
Minimum Annualised Premium* (AP)	Other modes: Rs. 30,000 p.a.
Policy Term (years)	25 years less age at entry of the child in completed years
Premium Pay Term (years)	Equal to the policy term
Sum Assured (SA)
Minimum (age is less than 45 years)	Higher of 10 times of Regular Annualised Premium or (0.5 x Policy Term x Annualised Premium)
(age is greater than or equal to 45 years)	Higher of 7 times of Regular Annualised Premium or (0.25 x Policy Term x Annualised Premium)
Maximum (SA Multiple x AP)	30 times Regular Annualised Premium
Entry Age	Parent (Life Assured) Minimum – 18 years; Maximum – 60 years
Entry Age	Child (Nominee) Minimum – 1 day; Maximum – 15 years
Maturity Age	Maximum – 75 years
Premium Payment Frequency	Yearly, Half-yearly, Monthly

*The annualised premium will remain unaltered during the policy term.

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AEGON Religare Assure Plan | Features | Benefits

bhavana — Wed, 08 Dec 2010 08:15:01 +0000

Opportunities come and go. Some you take, some you miss. However, the agony that you feel for every missed opportunity is boundless and lingers on for eternity. At AEGON Religare Life Insurance we understand this and hence we present to you the AEGON Religare Assure Plan; a plan that ensures that you never miss an opportunity to maximise your gains and at the same time are shielded from losses.

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 the premium paying term of your policy.

Step 4: Your premiums net of allocation charges are invested in the NAV Protector Fund.

What is Special NAV?

Special NAV is 80% of the highest NAV declared on any reset day. Refer to the Terms & Conditions to understand how a special NAV is calculated for Regular Premium and Top-Up Premium.

What is the Special Fund Value?

Special Fund Value is calculated as, higher of the NAV as on date or the Special NAV multiplied by the number of units in your unit account i.e. (Higher of NAV as on date or Special NAV) x Number of Units.

NAV is at its highest 40.12 in policy year 7 as per the graph above. On the date of maturity, even if the NAV is below the Special NAV, you are assured of receiving your Special Fund Value at an NAV of 32.10 which is 80% of the NAV in year 7.

Features & Benefits:

Maturity - On maturity, you receive the Special Fund Value (as explained above) as on maturity date.

Partial Withdrawal - You can partly withdraw your money after the first 5 policy years. The minimum amount of partial withdrawal is Rs. 5,000 and the maximum amount of partial withdrawal allowed in any policy year is 20% of the fund value at the beginning of that policy year.

Discontinuance - You can discontinuance the policy any time. Discontinuance value is paid after first 5 years. Discontinuance value is Special 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, as given below. 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, your nominee will receive the Sum Assured or the Special Fund Value, whichever is higher.

Tax Benefit -The premiums paid and the benefits received under the policy will be eligible for tax benefits as applicable from time to time..

Eligibility

Minimum Annualised Premium*	Premium Payment Term
	5 years	10 years
Yearly Mode	25,000	20,000
Half Yearly Mode	NA	30,000
Monthly Mode	NA	36,000
Policy Term	10 years
Premium Payment Term	5 years & 10 years
Entry Age
Minimum	7 years
Maximum	70 years
Maximum Maturity Age	80 years
Sum Assured
Minimum	Age less than 45 years: 10 times annualized premium Age greater than or equal to 45 years: 7 times annualized premium
Maximum	Age less than or equal to 50 years: 15 times annualized premium Age greater than 50 years: 7 times annualized premium

*The annualised premium will remain unaltered during the policy term.

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Aegon Religare Future Protect Premier Plan | Features | Benefits

bhavana — Wed, 08 Dec 2010 06:02:57 +0000

Your life has many phases and it changes with time. If managed properly, it can change for better. There are times when you wish to get a lot more from life with minimal efforts. We at AEGON Religare Life Insurance understand this and to meet your requirements we present the AEGON Religare Future Protect Premier Plan, a unit linked insurance plan. This limited premium paying ULIP provides you with the protection for a longer period to give you a secured tomorrow.

How does the plan work?

Step 1: Decide on the premium payment term.

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

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

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

What is Invest Protect Option?

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.

Example: if your age at entry is 55 years and therefore the policy term becomes 15 years (70 less age at entry), 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 the 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.

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.

Discontinuance Value - You can discontinuance 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, as given below. There is no charge on top-up or if the policy is discontinued after 4 policy years. This charge remains fixed throughout the policy term.

Death - In case of your unfortunate demise during the policy term, the nominee receives the sum assured or the fund value, whichever is higher. However, it will not be less than 105% of the total premium including the top-up premium. The fund value is the number of units in your unit account multiplied by their respective unit price.

Switch -This feature helps you shift your investments from one fund to another. Four switches are free of charge in each policy year.

Tax Benefit -The premiums paid and the benefits received under the policy will be eligible for tax benefits as applicable from time to time.

Eligibility

Minimum Annualised Premium (AP)

Premium Payment Term	Annual Mode (Rs.)	Monthly Mode (Rs.)
5 year pay	48,000 p.a.	5,000 p.m.
7 year pay	30,000 p.a.	4,000 p.m.
10 year pay	20,000 p.a.	3,000 p.m.

Policy Term (years)

70 Minus Age at entry

Premium Pay Term (years)

5 years / 7 years / 10 years

Sum Assured (SA)

Minimum (age < 45 years)

Higher of 10 times of Regular AP or (0.5 x Policy Term x AP)

(age = > 45 years)

Higher of 7 times of Regular AP or (0.25 x Policy Term x AP)

Maximum (SA Multiple x AP)

Policy Term	SA Multiple
Upto 25 years	10*AP
26 – 35 years	20*AP
36 – 45 years	30*AP
46 – 55 years	45*AP
56 years & above	50*AP

Entry Age

Minimum – 7 years; Maximum – 60 years

Maturity Age

Maximum – 70 years

Premium Payment Frequency

Yearly & Monthly

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Aegon Religare Future Protect Plus Plan | Features | Benefits

bhavana — Wed, 08 Dec 2010 05:40:03 +0000

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.

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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AEGON Religare Future Protect Plan | Features | Benefits

bhavana — Wed, 08 Dec 2010 05:32:30 +0000

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 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 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.

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).

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Aegon Religare Money Back Plan | Features | Benefits

bhavana — Wed, 08 Dec 2010 05:10:06 +0000

It is always wonderful 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 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.

Rider - You have the option to customize your policy by adding AEGON Religare ADDD Rider..

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Aegon Religare Money Back Plus Plan | Features | Benefits

bhavana — Wed, 08 Dec 2010 04:55:54 +0000

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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Aegon Religare Group Credit Life Plan | Features | Benefits

bhavana — Wed, 08 Dec 2010 04:33:45 +0000

AEGON Religare Life Insurance offers you AEGON Religare Group Credit Life Plan, which not only provides the members of your group with a life insurance plan but also sufficiently covers their outstanding loan amount so that you’re 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.

Other Features

Inclusion and Exclusion of Members - A member will be included from the date of joining the group as per the scheme rules. A member will be excluded from the group on expiry of the loan period or member attaining maximum age permissible under the policy or on foreclosure of loan.

Participation into the scheme - It is voluntary to participate in the scheme for the existing and new members.

Free Look Cancellation – – In case, you are not satisfied with the policy, you may choose to cancel it within 15 days of receiving the policy by returning the policy documents to us with a letter stating the reason for cancellation. Upon such cancellation, you will be paid back the premium, minus the cost of stamp duty and medical examination (if any) and proportionate premium for the period for which insurance cover and rider cover, if any was provided up to the date of cancellation, for the members.

Grace Period - You are allowed to pay premiums within 30 days from the due date of your premium payment date. If the due premium for the respective member is not received within the grace period, the respective member cover will lapse and no benefit is payable. However in case of death during the grace period, any premium due shall be recovered from the benefit payable.

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.

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Aegon Religare Rural Term Plan | Benefits

bhavana — Wed, 08 Dec 2010 04:23:42 +0000

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

How do you apply for AEGON Religare Rural Term Plan?

All you need to do is choose the amount of premium you need to pay.

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.

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