A brief overview
What is a Savings Plan? A way to secure your future by investing your savings
Offers opportunity for creation of wealth
Savings plans help to avoid loss of wealth due to inflation
By investing money at regular intervals, you end up with a lump sum amount in the future.
Types of Savings Plans
Money Back Plus Plan Periodic survival benefits after the 4th, 8th and 12th
policy year, at the rate of 10%, 20% and 30% of the assured sum respectively.
With-Profit Plan
From the first policy year onwards, a bonus rate is declared by the company
120% of the assured sum is paid by maturity
In case of death, 100% of assured sum is paid along with bonuses accrued over time.
Money Back Plus Plan In case of failure to pay premium after completion of 3
policy years, the policy will still continue with the assured sum.
After payment of 3 years, the policy can be surrender at any time.
Premiums paid for the policy are eligible for tax benefit u/s 80c and the accrued benefits are eligible for tax benefit u/s 10(10D)
Money Back Plus Plan Must be 90 days – 60 years of age to be eligible
Maturity age is 76 years
Minimum sum to be assured is Rs.1,00,000
The policy term is 16 years
Premium payment term is 10 years
Premiums can be paid annually, half-yearly or monthly
Money Back Plan Pay a premium for 5 years, get cover for 10 years
Periodic benefits at the end of the 6th and 8th policy year, at the rate of 10% and 15% of sum assured (or paid-up sum)respectively
Get 100% of the sum assured at the end of the policy
In case of death, get the sum assured or paid-up sum assured, disregarding payouts already made
Money Back Plan After payment of 3 full years premium, the policy can
be surrendered at any time
The policy is eligible for tax benefits as per the prevailing tax laws.
Additionally, the policy can be further customized should you decide to also opt for the Aegon ReligareADDD Rider policy.
Endowment Plan In the event of death, the nominee gets 200% of the
assured sum (or paid up sum), along with accrued bonus
Extended life coverage for 5 years after maturity, during which in case of death, nominee receives 100% of assured sum
In case of death before 7 years of age, all paid premiums are returned along with accrued bonuses and the plan is terminated
Endowment Plan The company declares bonuses as a percentage of
assured sum every year the policy is in force. These bonuses are paid in case of maturity or death
Bonuses are accrued after the first three years premiums have been paid. The bonus at the end of the 3rd year includes all bonuses in the previous years
Lesser premiums if the sum assured is Rs.2,50,000 or above
Endowment Plan In case of failure to pay premiums after 3 years, the
policy will still continue with the paid-up sum assured, however no bonuses will be accrued thereafter
After payment of 3 years premium, the policy can be surrendered, upon which the calculated surrender value will be returned. This also applies to all bonuses accrued over time.
The policy is eligible for tax benefits as per the prevailing tax laws.
Endowment Plan Must be 90 days – 60 years to be eligible. Risk cover
starts from 7 years of age
Maturity age is 75 years
Minimum premium amount is 6,000 p.a.
Minimum sum assured is Rs.1,00,000
The policy term can be 15/20/25 years
Premium payment term can be 5/7/10/equal to the policy term
The premium can be paid annually, half-yearly or monthly
Endowment Advantage Plan Get 25% of sum assured 3 years before maturity
In case of death, 100% of assured sum along with bonuses accrued.
In case of death before 7 years of age, all paid premiums are returned along with bonuses
In case of death in the first 3 policy years, the nominee will receive 100% of assured sum along with bonuses
100% of sum assured (or paid-up sum) along with bonuses upon maturity
Endowment Advantage Plan Pay lesser premium if the chosen sum assured is above
Rs.2,50,000
In case of failure to pay premiums after payment of 3 years premium, the policy will still continue with the paid-up sum assured
After payment of 3 years premium, the policy can be surrendered, upon which the calculated surrender value will be returned. This also applies to all bonuses accrued over time.
The policy is eligible for tax benefits as per the prevailing tax laws.
Endowment Advantage Plan Must be 90 days – 60 years to be eligible. Risk cover
starts from 7 years of age
Maturity age is 75 years
Minimum premium amount is 6,000 p.a.
Minimum sum assured is Rs.75,000
The policy term can be 15/20/25 years
Premium payment term can be 7/10/equal to the policy term
The premium can be paid annually, half-yearly or monthly
Contact Info www.aegonreligare.com
Corporate and Registered OfficeAEGON Religare Life Insurance,2nd Floor, Paranjpe B Scheme, Subhash Road, Near Garware House,Vile Parle (E), Mumbai - 400 057.
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