AEGON Religare Assure Plus Plan
AEGON Religare Assure Plus Plan is a Single Premium Unit Linked Insurance Plan (ULIP). Thus it is a Non-Traditional Plan without Bonus facility.
Key Features
This is a Single Premium Unit Linked Insurance Plan
The investment in this plan is done in Secure, Debt, Stable, Accelerator and NAV Protector Fund
For NAV Protector Fund, Special NAV is calculated as 80% of the highest of all NAVs calculated on each Fridays, known as Reset Days and Special Fund Value is calculated according to the Special NAV
The Maturity Benefit is Special Fund Value, if NAV Protector Fund has been chosen and Fund Value, if any other Fund has been chosen
Special Units are allocated towards this plan at maturity according to the base premium amount
Benefits
In case of death of the Life Insured within the Policy Tenure, then the nominee would be paid the Sum Assured or Fund Value or Special Fund Value, whichever is higher as Death Benefit and the policy would terminate.
On survival till policy maturity, the Fund Value or the Special Fund Value, whichever is applicable, is paid to the policyholder as Maturity Benefit and the policy would terminate.
Premiums paid under life insurance policy are exempted from tax under Section 80C and the maturity proceeds are exempted from tax under Section 10 (10D) subject to fulfilment of all terms and conditions.
How it works
Eligibility
Minimum
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Maximum
|
|
Sum Assured (in Rs.)
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5 X Single Premium
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10 X Single Premium for Age<= 52
5 X Single Premium for Age >=53
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Policy Term (in years)
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10
|
|
Premium Payment Term (in years)
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Single
|
|
Entry Age of Life Insured (in years)
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8
|
60
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Age at Maturity (in years)
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18
|
70
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Single Premium (in Rs.)
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50,000 for NAV Protector Fund and 30,000 for other Funds
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No Limit
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Payment modes
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Only Single
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FAQs
There is only single premium option in this plan. Hence there is no question of further payment of premium
Surrender of a plan is allowed only after completion of 5 policy years. There is no surrender charge under this plan
Loan facility is not available under this policy.
Age at making the top-up
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Below 45 years
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45 years and above
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Minimum SA multiple
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1.25 X Top Up Amount
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1.10 X Top Up Amount
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Maximum SA multiple
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5 X Top Up Amount
|
5 X Top Up Amount
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This plan offers 4 free switches in each year. Switching from any other Fund to NAV Protector Fund is not allowed.
You are allowed to make partial withdrawals in this policy after 5 complete policy years. The minimum amount of partial withdrawal should be Rs.5, 000 and the maximum amount is 20% of the Fund Value at the beginning of the year such that the Fund Value should not be less than 20% of the single premium.
Single Premium
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Rate of Special Unit
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Rs 30,000 to Rs 49,999
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0%
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Rs 50,000 to Rs 99,999
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2.20%
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Rs 1,00,000 and above
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3.20%
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