POS Guaranteed Return Insurance Plan

Get a GRIP on Savings with Guaranteed Returns

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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:

1st Scenario


 

2nd Scenario

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Disclaimer

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 138N076V01