A life insurance plan which offers assured returns on the annualized premiums
Why Buy This Plan
If you are looking for an investment plan that guarantees returns, this plan is for you. Aegon Life Guaranteed Growth Insurance Plan ensures you receive what you are promised and at the right time. So you can achieve your goal, regardless of the situation.
You should purchase this plan if you:
- Want to accumulate wealth for important milestones
- Want guaranteed returns with minimum hassle
Let's understand the plan with an example
Mr. Mahesh (age 45 years) has his own business. His wife is a doctor and they have a son Atharva, who is 11 years old. Notwithstanding his good financial position, Mahesh is attuned to the need for a financial instrument that will help him multiply his savings and provide guaranteed annual payouts once his son completes 21 years of age. Hence, he relies on Aegon Life’s Guaranteed Growth Insurance Plan.
His plan details are as follows:
Policy Term: 10 years, Premium Payment Term: 8 years,
Premium: Rs. 1, 00, 000(exclusive of service tax).
Case I: Mr. Mahesh dies after 2 years:
Premiums paid by Mahesh = Rs.1 lakh X 2 years = Rs.2 lakhs + tax
Total Guaranteed Payout = Rs.1.5 lakhs p.a. X 8 years = Rs.12 lakhs
Thus, total payout received by his son is 6 times the premiums paid by Mahesh
Case II: Mr. Mahesh survives the Policy period:
Total payout = Rs.12,00,000 i.e. Rs.1,50,000 each for 8 years
Guaranteed annual payouts of 150% of the annualised premium every year (excluding taxes) from the end of 10th year to 17th year
In case of death of Life Assured during Policy Term, future premiums are waived off and guaranteed annual payouts are payable to the nominee
Limited Premium Payment Term
Tax benefits as per prevailing tax laws.
Minimum Age - 8 years completed
Maximum Age - 50 years completed
Maximum: 60 years completed
10 x Annualised Premimum
Minimum Annualised Premium of Rs.20000 for Age 8-35 years completed;
Minimum Annualised Premium of Rs.30000 for Age 36-45 years completed;
Minimum Annualised Premium of Rs.40000 for Age 46-50 years completed;
Maximum Annualised Premium of Rs.300000 for Age 8-35 years completed;
Maximum Annualised Premium of Rs.200000 for Age 36-45 years completed;
Maximum Annualised Premium of Rs.100000 for Age 46-50 years completed;
How can you buy this plan?
Step 1 Decide the amount of premium you wish to pay
Step 2 Our Life Advisor will help you fill in the application form
Step 3 A cheque will have to be drawn in favour of Aegon Life Insurance Co. Ltd.
Product Name: Aegon Life Guaranteed Growth Insurance Plan. UIN 138N046V01.
- The brochure is not a contract of insurance. The precise terms and conditions of this plan are specified in the policy contract.
- Buying a life insurance policy is a long term commitment and early termination of the policy usually involves high costs and the Surrender Value payable, if applicable, may be less than the total premiums paid.
- This product brochure should be read along with sales illustration
- This Policy will only be issued to lives accepted as standard as per Company approved underwriting guidelines
- This product is underwritten by Aegon Life Insurance Company Ltd.
- Insurance is the subject matter of the solicitation
- Insurance cover is available under this product