"Spending a whole day looking for insurance is fun," said nobody, EVER!
  • Aegon Life Rising Star Insurance Plan

    Aegon Life Insurance

    Overview

    The Aegon Life Rising Star Insurance policy helps parents provide their children with better opportunities so that they can meet their dreams and aspirations. Not only does the plan make provision for the member’s children, but also strives to provide security for their future.

    Features and Eligibility Conditions of Aegon Life Rising Star Insurance

    Type

    Unit Linked Insurance Plan

    Minimum Annualised Premium

    Annual mode: Rs. 20,000 p.a

    Other modes: Rs. 30,000 p.a

    Policy Term

    25 years less age at entry of the child in completed years

    Premium Pay Term

    Same as the number of years in Policy Terms

    Base Policy Sum Assured

    Minimum:

    Higher of ten times of regular annualised premium or (0.5 x policy term x annualised premium) if age is less than 45 years

    Higher of seven times of regular annualised premium or (0.25 x policy term x annualised premium) in case the age is greater than or equal to 45 years

    Maximum:

    18 x annualised premium if age is less than 45 years

    10 x annualised premium if age is greater than or equal to 45 years

    Entry age

    Parent (Life Assured)

    Minimum – 18 years

    Maximum – 48 years

    Child (Nominee)

    If the age of life assured is 40 years or less, the minimum age of child as on last birthday has to be one day.

    If the age of the life assured is above 40 years and less than or equal to 45 years, the minimum age of child as on last birthday must be 5 years.

    If the age of life assured is above 45 years but less than or equal to 48 years, the minimum age of child as on last birthday should be ten years.

    Maximum – 15 years

    Maturity Age

    Maximum – 65 years

    Premium Payment Frequency

    Yearly, Half-yearly, Monthly

    Grace Period

    Premium payments are allowed a 15-day grace period if you select ‘Monthly Mode’, and a 30-day grace period for all other modes.

     

    Benefits / Advantages of Aegon Life Rising Star Insurance

    • Financial security for the nominee by triple benefit Aegon Life insurance coverage on the life of the assured till the child turns 25 years old
    • Systematic contribution of money to accumulate wealth for the future financial requirements for the child
    • Meeting investment needs by way of multiple fund options
    • Option of “Invest Protect” to help you profit from your investment in addition to reducing the risk on your returns
    • Partial Withdrawals that provide liquidity options after five years since the date of starting coverage
    • Choice of paying extra premium through Top-up
    • Choice to raise the level of protection for your life while the policy term is in progress
    • Tax benefits based on the current tax laws

    Death and Maturity Benefits

    If the Life Assured passes away before the policy term ends, the nominee will be eligible for the following:

    • Sum assured paid immediately. The death benefit is usually a minimum of 105% of the premiums paid.
    • Every regular premium due following the life assured’s death are written off and paid by the company. Following the death of the assured, if the premium due date has passed prior to the intimation of the claim, these due premiums will be invested.
    • The beneficiary will receive the same sum as the annualised premium at the start of each policy year after the death of the insured till the policy term ends.
    • The beneficiary will receive the base fund value once the policy term ends.
    • When the policy matures, you will get the fund value (inclusive of any Top-Up Fund Value) that exists on the date of maturity. In case you want to claim the maturity amount at different intervals instead of all at once, the Settlement Option can be chosen.

    How Does The Policy Work?

    The Aegon Life Rising Star Insurance plan is fairly simple. All you have to do is select the amount of money you wish to pay as premium every year. Then, select the amount of insurance cover (sum assured) based on your preferences, following which you simply have to invest your premium in either four funds or a distinctive ‘Invest Protect’ option.

  • reTH65gcmBgCJ7k - pingdom check string.
  • reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.