AEGON Religare Future Protect Plan
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. For further details on the above benefits refer to Terms and Conditions in the brochure.
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). Please consult your tax advisor for details.
For details
Read
the product brochure
Call
1800 209 9090
sms
“FUTUREPROTECT” to 56677
