AEGON Religare iMaximize Plan
You work hard to give your family nothing but the best. We understand the effort you put to save every penny for your family’s future. When it comes to investments, you want to reap the benefits at optimum costs. At AEGON Religare Life Insurance, our endeavor is to provide you with newer solutions that give you the best value for money. Keeping this in mind, we introduce AEGON Religare iMaximize Plan that aims to maximize your investment by charging you zero premium allocation charge. It is not only a value for money investment but also provides you a choice for opting the protection (death benefit) suitable for you. Moreover, you can avoid the trouble of going through a cumbersome process and get yourself insured directly, through our direct sales channels. It is not only simple but also available at your finger tips.
How does the plan work?
All you need to do is follow these simple steps:
| Step 1: | Choose to pay your premiums under regular payment mode or a one time lump sum as a single premium; |
| Step 2: | Choose the amount of insurance cover you need (sum assured); |
| Step 3: | Decide on the policy term; |
| Step 4: | Invest your premium in choicest of 3 investment funds OR opt for the unique 'Trigger Portfolio Strategy'.
|
Investment Portfolio Strategies
With
AEGON Religare iMaximize Plan you have the option to choose from two unique portfolio strategies:
1. Trigger Portfolio Strategy
2. Self Managed Portfolio Strategy
Benefits:
Maturity -
On maturity, you receive the fund value existing on maturity date.
Partial Withdrawal - You can partly withdraw your money after the 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.
Discontinuance - You can discontinue your regular premium 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 premium was discontinued. The charge will depend upon the period for which you have paid your premium, as given below. There is no discontinuance charge on single premium policies or top-up or if the policy is discontinued after 4 policy years.
|
Where
the policy is discontinued during the policy year
|
Discontinuance
charges for annualised premium upto Rs.25,000
|
Discontinuance
charges for annualised premium above Rs.25,000
|
|
1
|
Lower
of 20% (AP or FV) subject to maximum of Rs. 3,000
|
Lower
of 6% (AP or FV) subject to maximum of Rs. 6,000
|
|
2
|
Lower
of 15% (AP or FV) subject to maximum of Rs. 2,000
|
Lower
of 4% (AP or FV) subject to maximum of Rs. 5,000
|
|
3
|
Lower
of 10% (AP or FV) subject to maximum of Rs. 1,500
|
Lower
of 3% (AP or FV) subject to maximum of Rs. 4,000
|
|
4
|
Lower
of 5% (AP or FV) subject to maximum of Rs. 1,000
|
Lower
of 2% (AP or FV) subject to maximum of Rs. 2,000
|
|
5
onwards
|
Nil
|
Nil
|
Death - You have the option to choose death benefit if you have opted for regular premium.
- Death Benefit Option 1: in case of an unfortunate demise of the Life Assured, the nominee receives higher of Sum Assured (including sum assured increased on account of payment of top up premium) or Fund Value or 105% of all the premiums paid. The policy terminates thereafter.
- Death Benefit Option 2: In case of an unfortunate demise during the term of the policy, the nominee receives death benefit
Eligibility
|
Parameter
|
Regular
Premium
|
Single
Premium
|
|
Annualised
Premium
|
Minimum
Rs.24,000
|
·
Rs.50,000
to Rs.69,000, policy term will be 5 years.
·
Rs.70,000
to Rs.124,000, policy term will be 10 years
·
Rs.
125,000 & above, policy term will be 25 years
|
|
Policy
Term
|
15 /
20 / 25 years
|
|
|
Premium
Payment Term
|
Equal
to the policy term
|
Single
pay
|
|
Sum
Assured
|
|
|
Minimum
Age <
45 years
|
Higher
of 10 times of Regular AP or (0.5 x Policy Term x AP)
|
1.25
x Single Premium
|
|
Age
>= 45 years
|
Higher
of 7 times of Regular AP or (0.25 x Policy Term x AP)
|
1.10
x Single Premium
|
|
Maximum
|
30 x
AP. However, you have the option to choose the multiple of 15 / 20
/ 25 times the annualised premium.
|
5 x
Single Premium
|
|
Entry
Age
|
Minimum:
Regular Premium Option 1: 7 years
Regular
Premium Option 2: 18 years
|
7
years
|
|
Maturity
Age
|
Maximum
- 75 years
|
|
Premium
Payment Frequency
|
Monthly
and Annual
|
Single
|
Buy iMaximize investment plan
For details
Read
the product brochure
Call
1800 209 9090
sms
“IMAX” to 56677
