Protect Gain Plan
Your life has many phases and it changes with time. But it doesn't have to be a financial roller coaster ride for you. Life, if systematically managed, can constantly keep changing for better. Leading only to a more secured tomorrow. AEGON Religare Protect Gain plan from AEGON Religare Life Insurance 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.
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 of returns as your policy nears maturity. It aims to protect your money by systematically shifting the Fund from the Enhanced Equity Fund to the Secure Fund during the last 3 policy years.
Features and Benefits
Auto-rebalancing feature, at the end of every policy year, automatically rebalances the allocation of your investments in various funds to the allocation proportions chosen by you.
Special Units
The special units are added to your account at the end of 9th policy year and at the end of every 3rd year thereafter. The value of special units would be equal to 2.10% of the average fund value of the last 36 months before the allotment of special units.
Premium Re-direction
Premium Re-direction feature allows you to alter the premium allocation made by you in different funds.
Enhanced Sum Assured
At certain stages in your life such as marriage or child birth your responsibility towards the family increases. In such cases, you may want to increase your life cover.
AEGON Religare Protect Gain Plan allows you to increase your life cover without the hassles of undergoing medical check-up or filling up any health related questionnaire. You can increase your life cover by up to 50% of the Sum Assured or Rs 10 lakh (whichever is lower), subject to certain conditions. In case the Proposer and the Life Assured are different, then the feature is applicable only to the Life Assured.
Switch
This feature helps you shift your investments from one fund to another. Four switches are free of charge in each policy year.
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 instalments over a period you choose (not exceeding 5 years). Investment risk during the settlement period is borne by you.
Partial Withdrawal
You can partially withdraw your money after first 3 policy years. The maximum amount of partial withdrawal in any policy year is 20% of the fund value at the beginning of that policy year. You can also avail of AEGON Religare Protect Gain 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.
Surrender
You can surrender the policy any time after the first 3 policy years. Surrender value is fund value minus the surrender charges. The charge will depend upon the period for which you have
paid your premiums, as given along side. There is no charge if the policy is surrendered after 5 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. The fund value is the number of units in your unit account multiplied by their respective unit price. For further details on the above benefits refer to Terms and Conditions in the brochure.
Tax Benefits
Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply. Premiums paid for AEGON Religare CI Rider may qualify for a deduction under Section 80D of the Income Tax Act, 1961. Consult your tax advisor for confirmation.
