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AEGON Religare
Save Guard Insurance Plan
A life insurance plan which returns your premium
2. Option to choose the Death Benefit option from the two available
choices
Tax Benefit
Tax benefits are available as per the prevailing tax laws. Please consult
your tax advisor for details.
Benefits
Maturity: At the end of the Policy Term, you will get back the sum of all
premiums paid by you excluding any rider premium, tax or extra
premium paid for inforce policies and Paid-up Sum Assured in case of
Paid-up policies. The plan ceases to exist on payment of the maturity
benefit.
Death Benefit: There are 2 death benefits options to choose from:
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Rider
You have the option to customise your policy by adding AEGON
Religare CI Rider (UIN: 138C001V01). The premium for this rider is
collected over and above the premium for the base plan. Sum Assured
under the rider is paid out if the Life Assured is diagnosed with any of
the covered critical illnesses. The following illnesses are covered
under the rider:
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Cancer
Stroke
Paralysis
Eligibility
Entry Age
` 2,00,000
Annualised Premium
Policy Term
Husband proposes the policy in the name of his spouse & vice versa
Parent proposing the policy in the name of the child. Where child is
minimum 18 years of age and vice versa.
Other Features
Policy Loan: Policy loan is not available under the policy.
If you fail to reinstate a Paid-up policy within the two year period from
the date of first unpaid premium, the policy will continue with Paid-up
Sum Assured.
Grace Period: You have 15 days for policies under monthly mode and
30 days for policies under all other modes from the Premium Due
Date to pay the premium. If you fail to pay the premium during the
grace period, the policy will terminate along with all the benefits. 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:
n 15 days from the date you received it, if your policy is not purchased
through Distance marketing*
Upon such cancellation, you will be paid back the premiums after
deducting stamp duty, proportionate premium and medical
examination charges, if any.
The policy will terminate on payment of this amount and all rights,
benefits and interests under this policy will stand extinguished.
*Distance marketing: Distance marketing includes every activity of
solicitation (including lead generation) and sale of insurance
products through the following modes: (i) Voice mode, which
includes telephone-calling (ii) Short Messaging service (SMS) (iii)
Electronic mode which includes e-mail, internet and interactive
television (DTH) (iv) Physical mode which includes direct postal mail
and newspaper & magazine inserts and (v) Solicitation through any
means of communication other than in person.
Service Tax: Service tax or any other tax will be levied as per prevailing
tax laws.
Exclusion
Suicide Exclusion: If death occurs due to suicide within one year from
the date of inception of the policy or within one year from the date of
reinstatement of the policy, Death Benefit is refund of the
premium(s) paid.
Accidental Death Benefit Exclusion: Accidental Death Benefit shall
not be payable if death is caused directly or indirectly by any of the
following:
n Service in the armed forces at the time of declared or undeclared
war or while under orders for war like operations or restoration of
public order
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The Company does not express any opinion on the validity or legality
of the assignment or nomination. An assignment cancels a
nomination automatically.
In absence of the nominee, the Death Benefit will be paid to your legal
heir.