AEGON Religare iTerm Insurance Plan, Policy, Premium and Maturity Calculator
AEGON Rising Star Child Insurance Plan, Policy, Premium and Maturity Calculator - This is a unit linked insurance plan. The linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender / withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year. Aegon Life’s Rising Star Insurance Plan makes provision for your children’s important milestones and also ensures that their future remains secured.
Key Features - AEGON Rising Star Child Insurance Plan and Policy
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Financial security for your child’s education by triple benefit insurance coverage on your life, till your child attains the age of 25 years.
- Contribute money systematically to create wealth for your child’s future financial needs.
- Multiple fund options to suit your investment need.
- Liquidity options through Partial Withdrawals available after five years.
- Option to pay additional premium by way of Top-up.
Eligibility Details - AEGON Rising Star Child Insurance Plan and Policy
| PARAMETER | MINIMUM | MAXIMUM |
| ENTRY AGE (Age of parents) | 18 years | 45 years |
| MATURITY AGE | - | 60 years last birthdays |
| SUM ASSURED | 10,000 / month for 10 years | - |
| POLICY TERM | 25 years less age at entry of the child in completed years | |
| PREMIUM PAYMENT TERM | Equal to policy term | |
| PAYMENT MODES | Yearly, Half-yearly, Monthly | |
Benefits - AEGON Rising Star Child Insurance Plan and Policy
Maturity Benefit - AEGON Rising Star Child Insurance Plan and Policy
- On Maturity, you receive the Total Fund value (including the Top-Up Fund Value) as on the maturity date.
Death Benefit - AEGON Rising Star Child Insurance Plan and Policy
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In case of an unfortunate demise of the Life Assured, the nominee receives highest of Sum Assured or Fund Value or 105% of all the premiums paid. In case a Top-Up fund exists, higher of Top-Up Sum Assured or Top-Up Fund Value will also be paid. The Policy terminates thereafter.
Tax benefit - AEGON Rising Star Child Insurance Plan and Policy
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The Premium(s) paid by you are eligible for tax benefit available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable.
Exclusion - AEGON Rising Star Child Insurance Plan and Policy
Suicide Benefit
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In case of death of the Life Assured due to suicide within 12 months from the date of commencement of risk or from the date of revival of the policy, the nominee or beneficiary shall be entitled to the Fund Value, as available on the date of death. Any charges recovered subsequent to the date of death of the Life Assured shall be paid-back to the nominee or beneficiary along with the death benefit.