AEGON Religare Assured Returns Plan is an Endowment Plan without Bonus facility. It is a Traditional non-participating Plan which offers guaranteed returns (150% or 175%) for a period equal to the policy term
The plan pays guaranteed % of the annual premium (excluding taxes), at the end of each year after the Policy Term(PT) ends. The guaranteed payouts will depend upon the PT & ranges from 150% to 175% of the annual premium.
Age at Entry (Min) | 25 years completed |
Age at Entry (Max) | Policy Term |
53 years last birthday | 7 years |
50 years last birthday | 10 years |
Max age of Maturity | 60 years(age last birthday) |
Min Premium Payable | age 25 to less than 45 years: Rs.25,000 p.a age 45 years and above : Rs. 40,000 p.a |
Min Sum Assured | Age less than 45 years : Rs.2,62,500 Age 45 years & above : Rs.4,20,000 |
Max Sum Assured | Rs. 43,75,000 Notes : Maximum annual premium * Maximum Policy Term * 175% |
Mode Available | Annual |
Policy Term | 7 years or 10 years |
Premium Paying Term | Equal to the Policy Term |
Surrender Value:- (A Guaranteed Surrender Value factor X Paid-up Value)
Notes: *The policy will acquire guaranteed surrender value on payment of 2 years’ annualized premium and which can be paid anytime after the policy acquires the surrender value
Discontinuance of Premium:-
Reinstatement:-
Paid-up policy provisions:-
Notes : Once the Policy Term is over, only Paid-up value is payable
Not Available
In case of death due to suicide, within 12 months from the date of inception of the policy the nominee of the policyholder
shall be entitled to receive 80% of the premium paid.
Tax Benefits will be as per Section 80C & Section 10(10D) of the Income Tax Act, 1961.
Know Claim Process of AEGON Life Assured Returns Plan
AEGON Life Insurance Company Limited (formerly AEGON Religare Life Insurance Company Limited) launched its pan-India operations in July 2008. AEGON, is an International financial service organization, dealing into Life Insurance, Pensions & Asset Management products, whereas, Bennett, Coleman & Company is India's leading media conglomerate. They have ventured together to launch AEGON Life Insurance Company Ltd.
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