The AEGON Religare Decreasing Term Plan is ensures the policy holder that the liabilities do not give any stress to the policy holder. During the time of need this policy pays out the amount ensuring that the family gets the best and is not affected by the adversities.
The eligibility criteria of AEGON Religare Decreasing Term Plan are as follows:
- The minimum and maximum age of entry for the policy is 18 years and 55 years.
- The maximum maturity age of the policy is 75 years.
- The minimum sum assured for the policy is Rs. 5, 00,000/-.
- The minimum annualized premium for regular premium is Rs 2000 per annum and the minimum annualized premium is Rs 10,000 for single premium.
- The premium paying term is single.
- The minimum policy term is 10 years and the maximum policy term is 20 years.
- The premium payment frequencies are single, yearly, half yearly, quarterly and monthly. The monthly mode is available for ECS only.
The features and benefits of AEGON Religare Decreasing Term Plan are as follows:
- The policy holder of this policy is allowed to make payment of the premiums within 30 days from the due date. If the premium is not paid within the grace period the policy will lapse. Along with that the insurance cover and the included rider cover will also cease to exist.
- The policy holder can reinstate the lapsed policy within 2 years from the due date and the first unpaid premium.
- In case if the policy holder is not satisfied with the policy he or she can choose to cancel the policy with a fortnight of receiving the policy documents. On the cancellation of the policy the insured will get back the paid premiums deducted the cost of the stamp duty.
- This policy do not acquires any maturity value. The policy holder will not receive any amount on the maturity of the policy.
- The policy does not hold any surrender value and thus no amount is payable on the surrender of the policy.
- The service tax or any other tax will be levied according to the prevailing tax laws.

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