AEGON Religare Assure Plan
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.
For example, the 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. For further details, refer to Terms and Conditions mentioned later in the brochure.
Tax Benefit -The premiums paid and the benefits received under the policy will be eligible for tax benefits as applicable from time to time. Please consult your tax advisor for details.
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.
For details
Read the product brochure
Call
1800 209 9090
sms
“ASSURE” to 56677
