Why buy this plan ?
Are you concerned about the ﬁnancial security of your family? Is market volatility giving you sleepless nights? Are you worried about the uncertainty of amount you will receive on policy maturity? Are you stressed about not continuing your premium payment due to any unforeseen condition? If your answer to any of these questions is Yes, then it’s about time for you to say yes to the Aegon Life POS Guaranteed Return Insurance Plan (GRIP). This plan, which is a perfect combination of Savings+ Protection, guarantees ﬁnancial freedom to your family in your absence, provides a guaranteed amount upon Policy Maturity and gives you a Short Premium Commitment with flexible Payment Options. What’s more, you may also avail Tax Beneﬁts through this plan.
Let’s understand the plan with an example:
Mr. Kumar who is 35 years of age opts for Aegon Life POS Guaranteed Return Insurance Plan (GRIP) and Pays Rs. 40,000 (excluding GST) Annually for 9 years along with a Life Cover for 20 years. On the basis of his Age and Policy selection, the Basic Sum Assured of his Policy is Rs. 2,51,411.
To further understand the benefits of the plan, let’s look at two scenarios:
Policy beneﬁts are guaranteed, in the event of Death or Maturity of the plan
Secure life goals with Guaranteed Maturity Payout of 225% to 325% of the Basic Sum Assured
Guaranteed Addition equal to 10% of Basic Sum Assured accrue at the end of every year throughout the Policy Term
Loyalty Booster equal to 25% of Basic Sum Assured payable at the end of Policy Term
Pay premiums for a Limited Term while you get to enjoy Policy beneﬁts, throughout the Policy Term
You get the option to choose the Premium Payment as well as the Policy Term as per your convenience
You may be Eligible for Tax Beneﬁts, under Section 80(C) and Section 10(10D), as per prevailing tax laws
For more details on Risk factors, Terms & Conditions please read Sales Brochure and Beneﬁt Illustration carefully before concluding a sale. If death occurs due to Suicide within 12 months from the Date of Inception of the Policy, the Death Beneﬁt is refund of 80% of the Premium(s) paid (excluding taxes) provided the Policy is in-force. This clause will remain applicable even during the Waiting Period of 90 days from the Date of Inception of the Policy. If death occurs due to Suicide within 12 months from the Date of Revival of the Policy, the Death Beneﬁt is higher of 80% of the premiums paid (excluding taxes) till the Date of Death or the Surrender Value available as on the Date of Death. This Product is underwritten by Aegon Life Insurance Company Ltd. Insurance cover is available under this Product. All ages mentioned above are ‘Age as on last birthday’. It is recommended that you obtain professional advice for applicability of Income Tax beneﬁt on premiums paid and beneﬁts received. Income Tax to be deducted, if any, will be deducted at the applicable rate from the payments made under the policy. Goods & Services Tax, Cess (if any) and any other Statutory levy will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time. Aegon Life POS Guaranteed Return Insurance Plan (GRIP) UIN 138N076V02