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Saving Plan

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Title: Saving Plan


1
Savings Plan
  • A brief overview

2
What is a Savings Plan?
  • A way to secure your future by investing your
    savings
  • Offers opportunity for creation of wealth
  • Savings plans help to avoid loss of wealth due to
    inflation
  • By investing money at regular intervals, you end
    up with a lump sum amount in the future.

3
Types of Savings Plans
4
Money Back Plus Plan
  • Periodic survival benefits after the 4th, 8th and
    12th policy year, at the rate of 10, 20 and 30
    of the assured sum respectively.
  • With-Profit Plan
  • From the first policy year onwards, a bonus rate
    is declared by the company
  • 120 of the assured sum is paid by maturity
  • In case of death, 100 of assured sum is paid
    along with bonuses accrued over time.

5
Money Back Plus Plan
  • In case of failure to pay premium after
    completion of 3 policy years, the policy will
    still continue with the assured sum.
  • After payment of 3 years, the policy can be
    surrender at any time.
  • Premiums paid for the policy are eligible for tax
    benefit u/s 80c and the accrued benefits are
    eligible for tax benefit u/s 10(10D)

6
Money Back Plus Plan
  • Must be 90 days 60 years of age to be eligible
  • Maturity age is 76 years
  • Minimum sum to be assured is Rs.1,00,000
  • The policy term is 16 years
  • Premium payment term is 10 years
  • Premiums can be paid annually, half-yearly or
    monthly

7
Money Back Plan
  • Pay a premium for 5 years, get cover for 10 years
  • Periodic benefits at the end of the 6th and 8th
    policy year, at the rate of 10 and 15 of sum
    assured (or paid-up sum)respectively
  • Get 100 of the sum assured at the end of the
    policy
  • In case of death, get the sum assured or paid-up
    sum assured, disregarding payouts already made

8
Money Back Plan
  • After payment of 3 full years premium, the policy
    can be surrendered at any time
  • The policy is eligible for tax benefits as per
    the prevailing tax laws.
  • Additionally, the policy can be further
    customized should you decide to also opt for the
    Aegon Religare ADDD Rider policy.

9
Endowment Plan
  • In the event of death, the nominee gets 200 of
    the assured sum (or paid up sum), along with
    accrued bonus
  • Extended life coverage for 5 years after
    maturity, during which in case of death, nominee
    receives 100 of assured sum
  • In case of death before 7 years of age, all paid
    premiums are returned along with accrued bonuses
    and the plan is terminated

10
Endowment Plan
  • The company declares bonuses as a percentage of
    assured sum every year the policy is in force.
    These bonuses are paid in case of maturity or
    death
  • Bonuses are accrued after the first three years
    premiums have been paid. The bonus at the end of
    the 3rd year includes all bonuses in the previous
    years
  • Lesser premiums if the sum assured is Rs.2,50,000
    or above

11
Endowment Plan
  • In case of failure to pay premiums after 3 years,
    the policy will still continue with the paid-up
    sum assured, however no bonuses will be accrued
    thereafter
  • After payment of 3 years premium, the policy can
    be surrendered, upon which the calculated
    surrender value will be returned. This also
    applies to all bonuses accrued over time.
  • The policy is eligible for tax benefits as per
    the prevailing tax laws.

12
Endowment Plan
  • Must be 90 days 60 years to be eligible. Risk
    cover starts from 7 years of age
  • Maturity age is 75 years
  • Minimum premium amount is 6,000 p.a.
  • Minimum sum assured is Rs.1,00,000
  • The policy term can be 15/20/25 years
  • Premium payment term can be 5/7/10/equal to the
    policy term
  • The premium can be paid annually, half-yearly or
    monthly

13
Endowment Advantage Plan
  • Get 25 of sum assured 3 years before maturity
  • In case of death, 100 of assured sum along with
    bonuses accrued.
  • In case of death before 7 years of age, all paid
    premiums are returned along with bonuses
  • In case of death in the first 3 policy years, the
    nominee will receive 100 of assured sum along
    with bonuses
  • 100 of sum assured (or paid-up sum) along with
    bonuses upon maturity

14
Endowment Advantage Plan
  • Pay lesser premium if the chosen sum assured is
    above Rs.2,50,000
  • In case of failure to pay premiums after payment
    of 3 years premium, the policy will still
    continue with the paid-up sum assured
  • After payment of 3 years premium, the policy can
    be surrendered, upon which the calculated
    surrender value will be returned. This also
    applies to all bonuses accrued over time.
  • The policy is eligible for tax benefits as per
    the prevailing tax laws.

15
Endowment Advantage Plan
  • Must be 90 days 60 years to be eligible. Risk
    cover starts from 7 years of age
  • Maturity age is 75 years
  • Minimum premium amount is 6,000 p.a.
  • Minimum sum assured is Rs.75,000
  • The policy term can be 15/20/25 years
  • Premium payment term can be 7/10/equal to the
    policy term
  • The premium can be paid annually, half-yearly or
    monthly

16
Contact Info
  • www.aegonreligare.com
  • Corporate and Registered OfficeAEGON Religare
    Life Insurance,2nd Floor, Paranjpe B Scheme,
    Subhash Road, Near Garware House,Vile Parle
    (E), Mumbai - 400 057.

17
Thank You
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