Growth Plan
You’ve always wished to get a little extra. At AEGON Religare Life Insurance we understand this and hence bring you the AEGON Religare Growth Plan.
A plan that allocates 100% of your premium in funds of your choice to ensure that you get maximum returns from your savings.
Invest Protect Option
If you opt for Invest Protect option, it will not only help you gain from your investment
but also minimise the risk to your 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 & 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 instalments over a period you choose (not exceeding 5 years).
Partial Withdrawal - You can partly 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.
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.
Tax Benefits - Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply.
Premiums paid for Critical Illness Benefit may qualify for a deduction under Section 80D of the Income Tax Act, 1961.
Consult your tax advisor for confirmation.
Key features:
Auto-rebalancing - This 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 10th year and every 3rd year thereafter.
Premium Re-direction - This feature allows you to alter the premium allocation to
be applied to your future premiums.
Increase in 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.
Switch - This feature helps you shift your investments from one fund to another.
Four switches are free of charge in each policy year.
For
Details
Read
product brochure
Call
1800 209 9090
sms
GROWTH to 56677
