Why We Love Investment Plans (And You Should, Too!)

Jan 04, 2018 | 1 year ago | Read Time: 3 minutes | By iKnowledge Team

What should you do with your money? Should you invest it? Or, should you simply put it in a savings accounts? This is a common dilemma that troubles the average investor. If you are one of them, here are some pointers that may help you decide. 

How do the two differ? 

  • Saving keeps your money safe but does not help it grow. Investment does.
  • Investments have an element of risk, unlike savings. The potential gains are higher, and so is the potential for loss. Unit-linked insurance plans (ULIPs) help you strike a balance. The benefits of ULIPs are that they combine the safety of savings and life cover with the growth potential of investments.
  • Time is another prime consideration. You can save for the short-term. But, investments serve a long-term goal.

 What Aegon offers

If you are looking at both kinds of products, look no further than Aegon Life. Here’s a sample of what we have to offer: 

ULIPs

iMaximize: You can choose from six unit-linked funds. You can also boost your fund value through periodic top-ups if you wish to. You can switch funds and withdraw up to 20% of the fund value after five years.

iInvest: You can choose from six unit-linked funds or opt for a self-managed portfolio. You can top up at intervals, switch funds thanks to the self-managed portfolio strategy and withdraw up to 20% of the fund value after five years. If you opt for a phased payment, your premium stays invested longer, giving you greater yield. You can also add loyalty units over five years to boost your investment.

Future Protect: There are several funds to choose from. Some have a provision for auto rebalance, as well as partial withdrawals after five years. You can increase the base sum assured during the policy period. There is also an option to buy added protection for your investment and cut the risk.

Savings plans

 Aegon Life Jeevan Shanti Insurance Plan: This provides life cover, a lump sum amount at maturity and death benefits to nominees.

Aegon Life Regular Money Back Insurance Plan: You get a regular payout of 15% of the sum assured from the 10th to the 19th (last) policy year. Add to that the accrued bonus and terminal bonus. Nominees get a lump sum amount as the death benefit. There are disability benefits, too. Also, you can take a loan against it.

The plans at a glance

 

Plans iMaximize iInvest Future Protect Aegon Life Jeevan Shanti Insurance Plan Aegon Life Regular Money Back Insurance Plan
Death benefits The higher of sum assured, fund value or 105% of premiums paid with death benefit The higher of sum assured, fund value or 105% of premiums paid The higher of sum assured, or fund value or 105% of premiums paid Higher of ten times the premium or sum assured, along with bonus in both cases Sum assured on death + bonus, if any
Tax benefits On premium and benefits On premium and benefits As per prevailing law On premium and benefits On premium and benefits
Flexibility Yes, invest as per risk appetite, choose and switch among six funds Yes, invest as per risk appetite, choose and switch among six funds Yes, invest as per risk appetite, choose from segregated funds. You can choose insurance cover and increase level of protection You can choose policy term and premium mode Flexible premium payment mode
Sum upon maturity Total fund value at the date Total fund value at the date Base value + top-up fund value at the date 100% sum assured plus bonus NA, money-back payouts between 10th and 19th policy year, plus bonus, to the total of 150% of sum assured
Policy term 15/20/25 years 10/15/20/25 years 15/20/25/30/35 years 10/15/20 years 20 years
Bonus NA You can add loyalty units NA Yes Yes
Premium Starts at Rs 2,000 a month Starts at Rs 2,000 a month Starts at Rs 20,000 per year Starts at Rs 500 a month Rs 12,000 per year
Sum assured As per policy chosen As per policy chosen As per policy chosen As per age, and chosen policy and premium As per age, premium paid, and premium payment term

 To sum up, Aegon Life’s ULIP and savings plan offer a plethora of options to satiate your investment options.

To know about AegonLife’s life insurance products liketerm insurance plans and saving plans visit our home page.


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