If you want your children to outshine your dreams, this plan is for you.
Why Buy This Plan
If you want your children to outshine your dreams, this plan is for you. Aegon Life’s Rising Star Insurance Plan makes provision for your children’s important milestones and also ensures that their future remains secured, come what may.
You should purchase this plan if you:
- Want to financially secure your child’s future, irrespective of any future contingencies
- Want to invest in equity markets but do not want to take the risk by investing directly
Let's understand the plan with an example
Mr.Mahesh (Age 34 years)works with a private firm. His wife is a teacher and they have a son - Anuj who is 2 years old. Although Mahesh and his wife’s salary provides well for their family, he is concerned about the rapid change in the way of life. He is also aware of the rising inflation and spiralling education expenses.Moreover, he is cognisant that life is uncertain and the future of his family, especially his son needs to be protected. He relies on Aegon Life’s Rising Star Insurance Plan.
His plan details are as follows:
Cover Amount (Base Sum Assured): Rs.10 lakhs,
Policy Term: (25 – age at entry of child) = 23 years,
Premium Payment Term: 23 years, Annual Premium: Rs.60, 000/-
Invest Protect option selected.
Higher of cover amount (Sum Assured) or 105% of all premiums paid immediately + All future premiums waived off and paid by the Company into the Policy Fund Value, Policy continues + Amount equal to the Annualised Premium will be paid every year to the nominee + On Maturity, lump sum i.e. Policy Fund Value will be paid
Fund Value as on the Maturity date is paid
Auto rebalancing of funds.
Tax benefits as per prevailing tax laws
Parent (Life Assured)
Minimum - 18Years
Maximum - 48Years
Age of Life Assured: Age <= 40 yrs, 40 < Age <=45, 45 < Age <=48.
Minimum of Child age as on last Birthday: 1 day, 5 years, 10 years.
Maximum - 65 years
25 years less age at entry of the child in completed years
Yearly, Half-yearly, Monthly
Equal to the Policy Term
Annual Mode: Rs 20,000 p.a
Other Mode: Rs 30,000 p.a
Age < 45 yrs: Higher 10 times of Regular AP (0.5 x Policy Term x AP)
Age >=45 yrs: Higher 7 times of Regular AP (0.25 x Policy Term x AP)
Age < 45 yrs:18 times of AP
Age >=45 yrs:10 times of AP
How can you buy this plan?
Step 1 Decide the amount of premium you wish to invest. Decide on the coverage amount(Sum Assured)
Step 2 Our Life Advisor will help you fill in the application form
Step 3 A cheque will have to be drawn in the favour of Aegon Life Insurance Co. Ltd.
Step 4 Expect a verification call from Aegon Life call centre, once you apply for the policy
Product Name: Aegon Life Rising Star Insurance Plan UIN 138L026V02
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
For more details on terms and conditions, please read the sales brochure carefully before concluding a sale.
This illustration is indicative only and should be read in conjunction with the benefit illustration also.
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 Rising Star 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 IdentificationNumber (SFIN):
Secure Fund -ULIF00505/07/08SF0138,
Debt Fund - ULIF00405/07/08DB0138,
Stable Fund - LIF01303/09/10STABLE0138,
Accelerator Fund -ULIF01203/09/10ACCELERATE0138
Discontinuance Policy Fund - ULIF01403/09/10DISCONPF0138