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Aegon Religare Level Term Plan

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This plan has been withdrawn by the insurance company and is no longer available for sale.

 

Aegon Religare Level Term Plan

 

Aegon Religare Level Term Plan has been the company's pioneer product. It is a simple term plan with some amazing additional benefits to suit the lifestyle of individuals. This has been done with the people and their lifestyle being kept in mind.

 

Key Features of Level Term Plan

- It is a pure Term Insurance Policy with Death Benefit only

- Additional accidental death, dismemberment and disability benefit and critical illness benefit  is available

- Possibility to increase sum assured twice during the policy tenure in event of child birth and marriage.

 

 

COMPARE THIS PLAN WITH OTHER TERM PLANS
    Yes
    No

     

    Benefits you get from Level Term plan

     

    Death Benefit – Nominee would receive the Sum Assured in event of death of the life insured during the policy tenure.

     

    Maturity Benefit – Since this is a pure term plan, there is no maturity benefit.

     

    Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C

     

     

    HAVE ANY DOUBTS THAT NEED TO BE CLARIFIED?

     

    Eligibility conditions and other restrictions in Level Term plan

     

     

    Minimum

    Maximum

    Sum Assured (in Rs.)

    5,00,000

    No Limit

    Policy Term (in years)

    10

    30

    Premium Payment Term (in years)

    Single

    Equal to policy term

    Entry Age of Policyholder

    18

    55

    Age at Maturity

    -

    75

    Single premium (in Rs.)

    10,000

    NA

    Payment modes

    Single, Yearly, Half-yearly, Quarterly and Monthly

     

    Sample illustration of premium amount in Level Term plan

     

    The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 50 lakhs and Policy Term = 25 years 

     Aegon Religare Level Term Sample Illustration

     

    Additional Features and Benefits of Level Term Plan

     

    Riders – there are 2 riders in this plan- Accidental Death, Dismemberment and Disability (ADDD) Benefit rider and Critical Illness (CI) Rider.

     

    What happens if?

    You stop paying the premium - If the policy holder stops paying the premium, then the policy would lapse and all benefits of the policy will cease after the expiry of the grace period from the due date of the first unpaid premium. You can re-instate the policy within 2 years of lapsation by paying up all due premiums with interest.

    You want to surrender the policy – There are no surrender benefits under this term plan.

    You want a loan against your policy – Loan facility is not available under this policy.

     

     

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