If you are looking to gain from the upside of the stock market and also protect your family with an adequate life cover, this plan is for you.
Why Buy This Plan
If you are looking to gain from the upside of the stock market and also protect your family with an adequate life cover, this plan is for you. Aegon Life’s Future Protect Plus Insurance Plan gives you the option of watching your money grow, while keeping your life covered for the duration of the plan. It secures your family’s future and your dependents also gain from the investment.
You should purchase this plan if you:
- Want to accumulate wealth for important milestones
- Do not want to take high risk by investing directly into stock markets
- Wish to cover your life and save tax
Let's understand the plan with an example
Mr. Mahesh (age 37 years) is an engineer working with an Petroleum Company. His wife is a homemaker and they have two children, age 8 years and 5 years. Mahesh invests in various investment instruments, but is looking for a plan that offers a good life cover and provides growth for his money in the long run. Hence, he opts for Aegon Life’s Future Protect Plus Insurance Plan.
His plan details are as follows:
Cover Amount: Rs.9 lakhs, Policy Term: 20 years,
Premium Payment Term: 20 years, Annual Premium: Rs.50,000/-
Apart from the above, Mahesh has also opted for the Invest Protect Option. This feature will not only help him gain from his investment but also minimise the risk to his returns. As the Policy nears maturity, it protects his money by systematically shifting his funds from equity fund to debt fund, during the last 3 Policy years.
In case of death, benefit paid to nominee is Base Sum Assured + Fund Value
In case of survival to the end of policy term a lump sum payout (Fund Value existing on the maturity date) is paid
Auto rebalancing of funds
Liquidity through Partial Withdrawal
Tax benefits as per prevailing tax laws.
Minimum - 7 years
Maximum - 50 years
Minimum - 70 years
15 / 20 / 25 years
Equal to the Policy Term
Annual Mode: Rs 20,000 p.a
Semi Annual Mode: Rs 30,000 p.a
Annual Mode: Rs 30,000 p.a
Age < 45 years: Higher of 10 times of regular AP or (0.5 x Policy Term x AP)
Age >=45 yeras: Higher of 7 times of regular AP or (0.25 x Policy Term x AP)
Age < 45 yrs: 18 times of Regular AP
Age >= 45 yrs: 10 times of Regular AP
Yearly, Half-Yearly, Monthly
How can you buy this plan?
Step 1 Decide the amount of premium you wish to invest, the period for which you want to stay invested and the cover amount.
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.
Step 4 Expect a verification call from Aegon Life call centre, once you apply for the policy.
Aegon Life Future Protect Plus Insurance Plan UIN 138L024V02
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
This illustration is indicative only and should be read in conjunction with the benefit illustration.
The non-guaranteed projected investment returns of 4% and 8% are not guaranteed and are for illustration purpose only.
Total charges includes premium allocation charge, policy administration charge, mortality charge and fund management charge.
If your policy is discontinued any time during the first five policy years, discontinuance value displayed will only be payable after completion of five policy years.
The past performance of any of the unit linked funds is not necessarily an indicative of the future performance of any of these funds.
The mortality charges are subject to underwriting of the proposal, and may increase before the acceptance of the risk.
Service tax, education cess and any other taxes announced by the government of any other statutory body in future would be levied as per the applicable tax laws.
Unit linked Life Insurance products are different from the traditional insurance products and as such, are subject to risk factors.
The premium paid in unit linked life insurance policies are subject to investment risks associated with capital markets and the NAV's of the units may go up or down based on the performance of fund and factors influencing the capital market and the policy holder is responsible for his/ her decisions.
Aegon Life Insurance is only the name of the Insurance Company and Aegon Life Future Protect Plus Insurance Plan is only the name of the unit linked life insurance contract and it does not in any way indicate the quality of the contract, its future prospects and returns.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document of the insurer.
This is a non-participating unit linked plan and we do not offer policy loan in this plan.
Insurance is the subject matter of the solicitation.
Segregated Fund Identification Number (SFIN):
Secure Fund - ULIF00505/07/08SF0138,
Debt Fund - ULIF00405/07/08DB0138,
Stable Fund - ULIF01303/09/10STABLE0138,
Accelerator Fund - ULIF01203/09/10ACCELERATE0138
Discontinuance Policy Fund - ULIF01403/09/10DISCONPF0138