| Life is about moving forward, and as you scale new heights towards success, your income rises. Along with it, your lifestyle changes and so do the needs and expenses of your family. AEGON Religare Life Insurance now offers AEGON Religare Increasing Term plan that grows with your increasing responsibilities. How do you apply for AEGON Religare Increasing Term Plan? Step 1: Choose the amount of protection you need
Step 2: Decide on the term of your policy
Step 3: Our Life Agent will calculate the premium you will have to pay Benefits Death - In case of your unfortunate demise, the benefit payable is 100% of the Sum Assured in the first year which increases by 5% on every policy anniversary thereafter, till the amount payable on death becomes twice the Sum Assured. After that, the benefit payable remains twice the Sum Assured. 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. Please consult your tax advisor for confirmation. Riders Besides life cover, AEGON Religare Increasing Term Plan offers you additional cover through riders. If you opt for a rider, you or your nominee will receive the rider Sum Assured, in case any of the following event / illness listed under the rider occurs. AEGON Religare ADDD Rider - This rider benefit is paid on occurrence of any of the following · Death due to an accident · Accidental dismemberment [loss of use of a limb(s) and / or eye(s)] · Permanent total disability due to an accident AEGON Religare CI Rider - This rider covers the following 9 critical illnesses · Cancer (malignant) including Leukemia · Coronary Artery Bypass Surgery · Heart Attack · Kidney Failure · Stroke · Major Organ Transplantation · Paralysis · Heart Valve Surgery · Surgery for disease of the Aorta
In case of Critical Illness, the Sum Assured will be paid 30 days after diagnosis of the critical illness or undergoing surgical procedure as the case may be.
Eligibility | Annualised Premium | Minimum - Rs. 2,000 p.a for regular premium
- Rs. 10,000 for single premium | | Sum Assured | Minimum - Rs. 5,00,000 | | Entry Age | Minimum - 18 years
Maximum - 55 years | | Maturity Age | Maximum - 75 years | | Premium Pay Term | Single / Equal to the policy term | | Policy Term | Minimum - 10 years;
Maximum - 30 years | | Premium Payment Frequency | Single, Yearly, Half- yearly, Quarterly, Monthly (via ECS only) | Other Features 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 and undergoing underwriting requirements, if any. 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. Terms and Conditions Maturity - The policy does not acquire any maturity value, therefore no amount is payable to the Policy Holder on maturity. Surrender - The policy does not acquire any surrender value throughout the policy term and therefore there is no amount payable to the Policy Holder upon surrender. Rider - The benefit payable will not increase along with the increase in the base plan death benefit. Service Tax - Service tax or any other tax shall be levied as per the prevailing tax laws on premiums or benefits payable. Exclusion - In case of death by suicide during the first policy year, or within one year from the date of reinstatement , no death benefit is payable. | 
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