AN ONLINE UNIT LINKED LIFE INSURANCE PLAN.
In this policy, the investment risk, in investment portfolio is borne by the policy-holder.
Why Buy This Plan
If you are looking to reap investment benefits at optimum costs, this is the plan for you. Aegon Life’s iInvest Insurance Plan aims to maximise your investments. It has one of the lowest charges hence making it the most efficient ULIP and this is without the trouble of going through a cumbersome process - just get yourself insured directly, online!
You should purchase this plan if you:
- Want to maximise investment, as it has one of the lowest charges
- Are looking for an investment cum insurance plan that will also help you save tax
- Want to financially secure your family’s future
- Want to choose from 6 unit-linked funds as per your investment objectives, including the new Opportunity Fund which focuses on mid-sized companies with the potential to be tomorrow’s market leaders
Let's understand the plan with an example
Mr. Kumar (Age 30 years) opts for Aegon Life iInvest Insurance Plan. His plan details are:
• Annual Premium: Rs.50,000 • Sum Assured On Death: Rs.5,00,000 • Policy Term: 20 years; • Premium payment Term: 20 years • Portfolio Strategy opted: Lifestyle Portfolio Strategy
No premium allocation charge
Flexible premium payment options:
Pay premiums for a limited period or for the entire Policy Term
Choice of two Portfolio strategies to manage your investment:
• Lifestyle Portfolio Strategy
• Self-Managed Portfolio Strategy
Loyalty Units to boost your Fund value
Liquidity through partial withdrawals after 5 Policy years.
Simple online buying process
Tax benefits as per prevailing tax laws.
Minimum: 7 years last birthday
Maximum: 55 years last birthday
Maximum: 70 years last birthday
10 / 15 / 20 / 25 years
5 years / 7 years / 10 years / equal to the Policy Term
Premium Payment Term: 5 Years
Minimum Annualized Premium : Rs. 48,000
Premium Payment Term: 7 Years
Minimum Annualized Premium :Rs. 36, 000
Premium Payment Term: 10 years / equal to Policy Term
Minimum Annualized Premium :Rs. 24,000
No limit, subject to underwriting
Monthly & Annual
• Age at entry less than 45 years:
Higher of (10 X Annualised Premium) OR (0.5 X Policy term X Annualised Premium)
• Age at entry of 45 years and above:
Higher of (10 X Annualised Premium) OR (0.25 X Policy term X Annualised Premium)
*The Minimum and Maximum Sum Assured on Death is same under this product
How can you buy this plan?
Step 1 : Log on to https://aegonlife.com/product/iinvest/iinvest-insurance-online, enter your age, gender, amount of premium you wish to invest, period for which you want to stay invested and the portfolio strategy option
Step 2 : The cover amount (Sum Assured) and returns will be decided basis the above.
Step 3 : Enter the details requested for and generate a premium quote.
Step 4 : Pay online using either your debit/credit card or your internet banking account.
Step 5 : Expect a verification call from Aegon Life call centre, once you apply for the policy
Disclaimer: Product Name: Aegon Life iInvest Insurance Plan UIN 138L059V02
This is a non-participating unit linked savings plan and we do not offer policy loan in this plan. This document is for benefit illustration purpose only and should be read in conjunction with the sales literature to understand the product. For the purpose of this benefit illustration, we have used 4% and 8% as the lower and higher rates of investment returns respectively.These returns do not signify expectations of investment return on the unit linked funds. For each of the unit linked fund, the actual return may be higher or lower than the above mentioned rates.
Total Charges includes premium allocation charge, policy administration charge, mortality charge and fund management charge.
Rider premiums do not have any impact on the fund value or Discontinuance Value or death benefit. Benefits for riders would be as explained in the respective sales literature. If your policy is discontinued any time during the first five policy years, discontinuance values 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 and rider premium rates 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 or any other statutory body in future would be levied as per the applicable tax laws.This quote is valid only as long as the age remains the same or for a period of thirty days from the date of this quote, whichever is earlier. For any further clarifications, feel free to contact your advisor or email us at firstname.lastname@example.org
Segregated Fund Identification Number (SFIN):
Blue Chip Equity Fund ULIF01511/02/14BLUECHIPEQ0138,
Accelerator Fund ULIF01203/09/10ACCELERATE0138
Opportunity Fund ULIP01627/06/16OPPORTUN0138)
Stable Fund ULIF01303/09/10STABLE0138
Secure Fund ULIF00505/07/08SF0138,
Debt Fund ULIF00405/07/08DB0138.