AEGON Religare Level Term Plan

 

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, we offer you AEGON Religare Level Term Plan, which ensures protection for your loved ones at a fraction 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.   Features and Benefits   Enhanced Sum Assured   There are some special occasions in life such as your marriage or the birth of your child that need your support. On such occasions this policy gives you the option to increase your Sum Assured. This increase in the sum assured is subject to a maximum of 50% of the sum assured or Rs 10 lakh (whichever is lower), without the hassle of going through a medical examination or any other underwriting requirements.   Grace period   You are allowed to pay premiums within 30 days from the due date. If a due premium is not received within the grace period, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated.   Lapsed Policy Reinstatement   You can reinstate your lapsed policy any time (within 2 years from the due date of the first unpaid premium) by paying all the due premiums.   Free Look Cancellation   In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered. Death: Incase of unfortunate demise, the benefit payable to nominee is sum assured and it does not change during the term of the contract.    Tax Benefits   Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply. Premiums paid for AEGON Religare CI Rider may qualify for a deduction under Section 80D of the Income Tax Act, 1961. Consult your tax advisor for confirmation.