Aegon Religare Term Life Insurance
Today’s digital world has made consumption of information easy and equipped people to research and understand what they need, and how they can fulfill that need. Being a new-age life insurance company, we have taken a bold leap and migrated to a digital and direct-to-customer approach in a bid to empower customers to make their own financial decisions.
Your family looks to you for support and strength.You have given them the best till now and you would want them to get the best even in the future. However, no one has control over uncertainties of life.Will they be able to sustain the same lifestyle even in your absence? To deal with your concern and give your family the best. Introducing Aegon Life Term Insurance Plan, which ensures protection for your loved ones - at a fraction of of the cost. With the help of our Life Agent, fill out the Life Planner that will help you take the steps to having your own plan.
BENEFITS-:
Death Benefit You have the option to choose from the 2 available Death.
Benefit Options.The benefits under each option are as below:
Death Benefit Option 1: In case of death of the Life Assured, Sum Assured under the plan will be paid and the Policy will cease to exist n Death Benefit
Option 2: In case of death of the Life Assured, the following will be paid:
• 50% of the Sum Assured immediately
• 3% of the Sum Assured every month, starting the next Policy month for the next 5 years - Nominee will have an option to take the discounted value of the future payouts anytime.The interest rates calculated for deriving at the present value will be decided by the Company from time to time but will not exceed yield to maturity on 5 year G-Sec plus 3% per annum.
Accidental Death Benefit
Accident is a sudden, unforeseen and involuntary event caused by external, visible and violent means.In case of death of the Life Assured due to an accident, additional benefit equal to 100% of the Sum Assured will be paid subject to maximum of `1 Crore.Therefore, if death occurs due to accident then the death benefit will be as below-:
Death Benefit
Option 1: 200% of the Sum Assured will be paid. n Death Benefit
Option 2: 150% of the Sum Assured will be paid along with 3% of the Sum Assured paid every month for next 5 years.
TAX BENEFIT
The premiums paid and benefits received are eligible for taxbenefits under Section 80C and 10(10D) of the Income tax Act,1961 respectively upon fulfillment of conditions laid down for availing such benefits. The tax benefits are subject to change as perchange in Tax laws from time to time. Please consult your tax advisor for further details.
Grace Period
You have a period of 15 days for policies under monthly mode and 30 days as grace period for policies under all the other modes from the premium due date to pay the premium. In case of death during the grace period, the death benefit is reduced by an amount equal to the outstanding premium.
Free Look Period
If you are not satisfied with any of the terms and conditions of the policy, you may return the policy document to the Company for cancellation within:
• 15 days from the date you received it, if your policy is not purchased through Distance marketing.
AEGON LIFE iTERM INSURANCE PLAN
Protect the ones you love with Term Insurance
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