|Your Need||How does Regular Money Back Insurance Plan fulfil your need|
|Financial security to family in your absence||
|Regular income for future financial goals||
|Flexible Premium payment options||
Choice of Premium Payment Term: Single Pay / 7 years / 10 years
Choice of Premium Payment Frequency: Pay premiums annually, half yearly or monthly
|Liquidity||Loan available once the policy has acquired a surrender value.|
|Additional benefit upon Disability||Choice of Aegon Life Premium Shield Rider|
|Tax benefits||The premiums paid and benefits received are eligible for tax benefits under Section 80(C ) and Section 10(10)D, upon fulfilment of the conditions laid down for availing such benefits.|
|Entry Age||Minimum – 7 days
|Policy Term||20 years|
|Premium Payment Term||Single Pay / 7 years / 10 years|
|Minimum Premium||Premium Payment Term||Minimum Annualized Premium|
|7 years / 10 years||₹12,000 p.a|
|Maximum Premium||No limit, subject to underwriting|
|Premium Payment Mode||Annual, Half Yearly and Monthly|
|Sum Assured||Will depend on the age of the Life Assured, Premium Payment Term opted and the Premium amount.|
|Death Benefit||In case of death of the Life Assured during the Policy Term, provided all due Premiums have been paid, the nominee will receive the following:
The Sum Assured on Death will be calculated as:
|Guaranteed Money Back Options||The insured will receive Guaranteed Money Back Payouts upon survival at the end of every year from the 10th to the 19th Policy Year. This benefit will be payable if all due Policy Premiums are paid and the Policy is in-force.
The benefit will be paid @15% per year for 10 years amounting to a total payout of 150%.
|Maturity Benefit||On Survival till the end of the Policy Term and provided all due Premiums have been paid, the following amounts will be paid:
|Additional Benefits (Rider)||Aegon Life Premium Shield Rider : This rider provides waiver of premium on Death or Disability due to either Accident or Sickness.
|Policy Loan Benefit||Loan can be availed under this Policy once the Policy has acquired a surrender value. The minimum amount of loan is Rs.5,000 and maximum amount will not be more than 60% of the Surrender Value.
The policy loan interest rate will always be equal to yield to maturity on 10 years G-Sec + 200bps and will be reset at the beginning of each Financial Year. Any change in this basis will be subject to prior approval from IRDAI. The rate at which Policy Loans are currently offered by the Company is 9.74% per annum (July 2019).
In case the insured decides to surrender your Policy, the Policy will acquire guaranteed Surrender Value:
|Free Look Period||15 days (30 days in case of Distance Marketing)|
|Grace Period||15 days|