ar save guard insurance plazxcn

AEGON Religare

Save Guard Insurance PlanA life insurance plan which returns your premium

Get backwhat you give.

AEGON Religare Save Guard Insurance Plan - a life insurance plan

which provides you life cover like any term insurance plan but ensures

all your premiums are returned at the end of the Policy Term.

Choose the amount of protection you need

Decide on the term of your policy

Our Life Advisor will calculate the premium you will have to pay

1. Sum Assured in case of death

2. Option to choose the Death Benefit option from the two available

choices

3. Premiums paid are returned on survival till maturity

4. Choice of Policy Term

5. Availability of rider

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.

There are 2 death benefits options to choose from:

With inbuilt Accidental Death Benefit: In case of death

Sum Assured will be paid to the nominee. In case of death due to an

accident, an additional benefit amounting to the Sum Assured will

be paid to the nominee. The maximum Sum Assured under this

option is restricted to 1 Crore.

Without inbuilt Accidental Death Benefit: In case of

death, Sum Assured will be paid to the nominee.

The Policy can be surrendered any time after

payment of at least first three full years’ premiums. Surrender Value

will be payable after completion of first three policy years.

Step 1

Step 2

Step 3

Option I:

Option II:

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How do you apply for AEGON Religare

Save Guard Insurance Plan?

Key Advantages of the AEGON Religare

Save Guard Insurance Plan

Benefits

Maturity:

Death Benefit:

Surrender Benefit:

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The Surrender Value is calculated as below:

A guaranteed Surrender Value Factor *

All premiums paid till date (excluding any extra premium, rider

premium & taxes).

A guaranteed Surrender Value Factor *

All premiums paid till date on which the policy became paid up

(excluding any extra premium, rider premium & taxes).

Guaranteed Surrender Value Factor of the year in which the request

for surrender is received will be considered for Surrender Value

calculation.

The Company may declare special Surrender Value Factors that are

higher than the guaranteed Surrender Value Factors. The special

Surrender Value Factors will be decided by the Company from time to

time with prior approval from IRDA.

Tax benefits are available as per the prevailing tax laws. Please consult

your tax advisor for details.

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:

Cancer

Coronary Artery Bypass Surgery

Heart Attack (Myocardial Infarction)

Kidney failure (End-stage Renal Failure)

Major Organ Transplant

Stroke

Paralysis

Heart Valve Surgery

Surgery for a disease of Aorta

Please read the rider brochure to know the rider in detail.

For In-force policies:

For Paid-Up Policies:

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Tax Benefit

Rider

Eligibility

Entry Age

Maximum Maturity Age

Minimum Sum Assured

Maximum Sum Assured Option I:

Option II:

Annualised Premium

Policy Term

Premium Payment Term

(PPT)

Premium Payment Mode*

#Minimum 18 years completed

Maximum 55 years last birthday

65 years last birthday for 10 years

Policy Term


Policy Term


Policy Term

2,00,000

With inbuilt Accidental

Death Benefit - Maximum Sum

Assured under this option is capped

at 1 Crore

Without inbuilt Accidental

Death Benefit: No Limit

Minimum: 2,860 p.a.

10 years, 15 years, 20 years

Annually, Half Yearly & Monthly

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Equal to the Policy Term

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#The age at entry criteria is for the life to be assured. Some of the

circumstances when the Life Assured and Policyholder may be

different are as below:

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.

There may be other circumstances wherein the Policyholder and the

Life Assured are different. The company will follow the principle of

insurable interest in this regard.

* The modal factor for modes other than Annual mode will be: Half

yearly Premium - Annual Premium x 0.512; Monthly Premium - Annual

Premium x 0.087

Policy loan is not available under the policy.

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Policy Loan:

Other Features

Discontinuance of Policy Premium within three policy years

Discontinuance of Policy Premium after first three policy years

On non payment of premium within Grace Period, the policy will lapse

and all the benefits including life insurance cover will terminate. You

can reinstate the policy within 2 years from the date of first unpaid

premium by making payment of all the outstanding premiums plus

applicable interest thereon. If policy is not reinstated within the

reinstatement period, the policy will automatically stand terminated.

On non payment of premium any time after payment of first three

policy years’ premium, the policy does not lapse but continues with

Paid-up Sum Assured.

Paid-up Sum Assured in case of death is calculated as (Premiums paid

/ Premiums payable) * Sum Assured. Paid-up Sum Assured in case of

maturity is calculated as (Premiums paid / Premiums payable) *

Premiums payable over the Policy Term.

The Paid-up Sum Assured will be paid on maturity. If the Policy is in

Paid-up status, Death Benefit will be paid up Sum Assured.

You can apply for reinstatement of the lapsed or Paid-

up policy within two years from the due date of the first unpaid

premium (Reinstatement Period). In case of reinstatement, the

Policyholder needs to pay all unpaid premium with interest.

The reinstatement is subject to the following conditions:

Satisfactory evidence of insurability of the Life Assured; and

Payment in full of an amount equal to all the policy premiums with

interest due but unpaid till the effective date of reinstatement.

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.

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.

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:

15 days from the date you received it, if your policy is not purchased

through Distance marketing*

Reinstatement:

Grace Period:

Free Look Period:

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Service Tax:

Suicide Exclusion:

Accidental Death Benefit Exclusion:

In case purchased through distance marketing*, 30 days from the

date you received the policy

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 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 or any other tax will be levied as per prevailing

tax laws.

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 shall

not be payable if death is caused directly or indirectly by any of the

following:

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

Self-destruction or any attempted self-destruction or self-inflicted

injury while sane or insane

Accident occurring while or because the Assured is under the

influence of alcohol or any non-prescribed drug

Engaging in or taking part in: motorised racing of any kind;

professional sports; hazardous activities, including but not limited

to scuba diving, boxing, mountaineering or rock climbing; flying or

any other aerial activity, except as a fare paying passenger in a

regular scheduled commercial aircraft

Arising or resulting from the Assured committing any breach of law

with criminal intent

*Distance marketing:

Exclusion

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Assignment:

Nomination:

War, terrorism, invasion, act of foreign enemy, hostilities, civil war,

martial law, rebellion, revolution, insurrection, military or usurper

power, riot or civil commotion. War means any war whether

declared or not

Taking or absorbing, accidentally or otherwise, any intoxicating

liquor, drug, narcotic, medicine, sedative or poison, except as

prescribed by a licensed doctor other than Life Assured

An assignment of the Policy can be made by an

endorsement on the Policy itself or by a separate instrument signed

in either case by the assignor specifically stating the fact of

assignment and duly attested. The first assignment can be made

only by You. Assignment shall be effective, from and upon the

service of a written notice to the Company together with the

endorsement or instrument or a copy thereof duly certified to be

correct by both the assignor and the assignee. Assignment will not

be permitted where the policy is issued under the Married

Women’s Property Act, 1874 and conditions apply to assignments

of policies issued to partnerships or Hindu Undivided Families.

You may at any time during the Policy Term make a

nomination for the payment of the benefits under the Policy in the

event of death of the Life Assured. Where the nominee is a minor,

an Appointee, who is not a minor, will necessarily, be appointed by

You to receive the death benefits during the minority of the

nominee. Nomination can be made by communicating the same in

writing to the Company. The Nominee can be changed by You at

any time during the term of the Policy and any such change shall

vacate earlier nomination automatically. Nomination will not be

permitted if You are not the Life Assured under the Policy.

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.

AEGON, one of the world’s largest life insurance and pension groups,

Religare, one of India’s leading integrated financial services groups

and Bennett, Coleman & Company, India’s largest media house, have

come together to launch AEGON Religare Life Insurance Company

Limited.

Assignment and Nomination

About AEGON Religare Life Insurance

V N

o. i

/Oct

ob

er 2

012

For More Details

Call 1800 209 9090

www. aegonreligare.com

Insurance is the subject matter of the solicitation. IRDA Company

Registration No. 138. Registered Office : AEGON Religare Life

Insurance Company Limited, 2nd Floor, Paranjpe ‘B’ Scheme, Subhash

Road, Near Garware House, Vile Parle (East), Mumbai 400 057.

ADVT No. IC/October 2012/1494

AEGON,

Religare Enterprises Limited (REL)

Bennett, Coleman & Company Limited (BCCL)

Section 41 of the Insurance Act, 1938 states:

businesses serve over 40 million customers in over 20

markets throughout the Americas, Europe and Asia, with major

operations in the United States, the Netherlands and the United

Kingdom. With headquarters in The Hague, The Netherlands, AEGON

companies employ almost 28,000 people worldwide. It has more than

160 years of experience with its roots going back to 1844 and holds

26% equity in our Company.

is one of the leading integrated

financial services groups of India. It’s businesses are broadly clubbed

across three key verticals, Retail, Institutional and Wealth spectrum. It

has a pan-India reach in more than 2100 locations, spread across over

560 cities and towns and currently operates from 12 countries

globally. REL holds 44% equity in our Company.

, India’s largest media

house holds 30% equity in our Company. BCCL owns some of the

prominent brands such as Times of India, Economic Times, Times

Now, Radio Mirchi, Zoom and Femina.

1) No person shall allow or offer to allow, either directly or indirectly,

as an inducement to any person to take out or renew or continue an

insurance in respect of any kind of risk relating to lives or property in

Prohibition of Rebates

India, any rebate of the whole or part of the commission payable or

any rebate of the premium shown on the policy, nor shall any person

taking out or renewing or continuing a policy accept any rebate,

except such rebate as may be allowed in accordance with the

published prospectuses or tables of the insurer.

2) Any person making default in complying with the provision of this

section shall be punishable with fine, which may extend to Five

Hundred Rupees.

In accordance with Section

45 of Insurance Act, 1938, no policy of life insurance shall, after the

expiry of two years from the date on which it was effected, be called in

question by an insurer on the ground that a statement made in the

proposal of insurance or any report of a medical officer, or a referee,

or a friend of the insured, or in any other document leading to the

issue of the policy, was inaccurate or false, unless the insurer shows

that such statements was on material factor or suppressed facts

which it was material to disclose and that it was fraudulently made by

the Policyholder and that the Policyholder knew at the time of making

that the statement was false or that it suppressed facts which it was

material to disclose.

Product Name:

Section 45 of Insurance Act, 1938 states:

AEGON Religare Save Guard Insurance Plan

UIN- 138N042V01

ar save guard insurance plazxcn

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