AEGON Religare iTerm Plan

A low-cost insurance plan

Completeprotection

Time is always running out. There are many things to do, but very little

time. You do whatever it takes to make sure that your family lives a

comfortable life. However, no one has control over uncertainties of

life. Will they be able to sustain the same lifestyle even in your

absence? In order to ease some worries and give your family the best,

AEGON Religare Life Insurance offers AEGON Religare iTerm Plan,

which ensures protection for your loved ones - at a fraction of the

cost. And now, you can avoid the hassle of going through the tedious

paper work and easily get yourself insured using the internet. It is not

only simple but also available at your finger tips.

Choose the amount of protection you need

Decide on the term of your policy

Opt among available riders

Make Payment

Risk commences (subject to conditions) and policy

information document is sent to you.

In case of your unfortunate demise, the benefit payable to the

nominee is Sum Assured and it does not change during the term of

the contract.

On diagnosis of any terminal illness, an

amount equal to 25% of the base Sum Assured will be paid subject to

maximum of Rs.100 lacs and the Death Benefit will be reduced by an

amount equal to the benefit paid under this clause. No premium will

be charged after company accepts the terminal illness claim.

As per applicable tax laws. Please consult your tax

advisor for details.

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How do you apply for

AEGON Religare iTerm Plan?

Benefits

Death:

Diagnosis of terminal illness:

Tax Benefits:Group Conditions covered Benefit amount

Group 1

Group 2

Malignant Cancer of the 5% of base Sum Assured

subject to maximum of

Rs.10 lacs

Birth of child with

Congenital Disorders /

Surgeries

Pregnancy Complications

Female Organs

2.5% of base Sum Assured

subject to maximum of

Rs.5 lacs

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Entry age

Maximum Maturity age

Minimum: 18 years completed;

Maximum: 65 years last birthday

Maximum: 75 years last birthday

Eligibility

Policy Term

Premium Payment Term

Premium Payment

Frequency

Minimum Premium

Sum Assured

Minimum: 5 years; Maximum: 57 years

Single or equal to the Policy Term

(PPT)

Minimum Regular Premium: Rs. 1,675 p.a.

Minimum Single Premium: Rs.7,075

(in Multiple of Rs.1,000) Maximum - No limit

(subject to underwriting requirements)

Single & Annual

Minimum - Rs. 10,00,000;

Other Features

Riders:

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AEGON Religare AD Rider:

AEGON Religare WoP on CI Rider:

AEGON Religare Women CI Rider:

You can make your plan more comprehensive by opting for

the below mentioned riders:

In case of an accidental death of the Life

Assured, the Sum Assured under the rider will be paid.

This Rider covers 4 critical

illness conditions as specified in this document. On being

diagnosed with any of these 4 critical illnesses, future premiums

payable under the base plan and riders (if any) are waived while the

life cover and rider cover (if any) continues.

The illnesses covered under this rider are as below:

Cancer Coronary Artery Bypass Surgery

Heart Attack Stroke

This rider covers illnesses

pertaining to women. On being diagnosed with any of the covered

illness, a certain percentage of the base plan Sum Assured will be

paid. The illnesses covered under this rider are classified into

2 groups viz. Group 1 & Group 2. The illness covered and the benefit

amount are as below:

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Premium:

Sum Assured:

Lapse and Reinstatement:

Cancellation of Policy on Non Receipt of Documents:

Maturity:

Regular Premium:

Single Premium:

If the premium received, is less than the due installment

premium, the same will not be accepted. On the other hand, if the

installment premium is more than the due premium, the excess

premium will be refunded to the Policyholder without any interest.

Premium rates applicable differ for male and female lives. Only online

payment is accepted for the first premium.

The Policyholder cannot change the Sum Assured

during the Policy Term.

If premiums are not paid before the expiry

of the 30 day grace period from the premium due date, the policy will

lapse. If the Policyholder fails to reinstate a policy within this two year

period from the premium due date, the policy will terminate. On

reinstatement, all outstanding premiums, without interest will be

payable.

In case of non

receipt of documents within 15 days from the date of issue of

Temporary Insurance Certificate, the policy will be cancelled and the

Policyholder will be paid back the premium without any deduction.

The contract does not acquire any maturity value, therefore

no amount is payable to the Policyholder on maturity.

The policy does not acquire any Surrender Value

throughout the Policy Term and therefore there is no amount payable

to the Policyholder upon surrender.

You may surrender the policy after completion of

three policy years. On surrender, the company will pay the Surrender

Value as per the following formula:

Surrender Value for single premium policy = 0.7 * single premium

(excluding any extra premium loading and service tax) * outstanding

Policy Term (rounded off to a lower integer) / Policy Term.

Service tax or any other tax shall be levied as per the prevailing tax laws

on premiums or benefits payable.

Surrender

Service Tax

You can claim only once under each benefit group throughout the

Policy Term. Once the claim is made under any group, the subsequent

premium will be reduced by an amount equal to the premium for the

claimed group. Riders are not available with single premium payment

mode. Please refer to the sales brochure of these riders to

understand the terms & conditions and before concluding the sale.

You are allowed to pay premiums within 30 days from

the premium due date. If a due premium is not received within the

grace period of 30 days, your policy will lapse and the insurance cover

will be ceased.

On completion of the online

requisite application process and payment of due premium, you need

to take a print out of the Temporary Insurance Certificate, which

ensures inception of your policy.

If you are not satisfied with the terms and

conditions of the policy, you have the option to cancel the policy

within 15 days of receiving the policy documents stating the reason for

such cancellation. Upon such cancellation, you will be paid back the

premiums after pro rata deduction for the premium for life insurance

cover and AD Rider premium (if applicable), policy issue expenses viz.

stamp cost and cost of medical.

Terminal Illness is defined as an

advanced or rapidly progressing incurable & uncorrectable medical

condition, which in the opinion of the treating physician is highly likely

to lead to death within the next six months. An independent practicing

medical consultant acceptable to the insurance company specializing

in the relevant field of medicine also needs to certify with reasonable

certainty that the life expectancy of the insured is less than six months

at the time of notification. The insured must not be receiving any form

of treatment other than palliative medication for symptomatic relief

and must not have engaged in any gain full employment for the last 30

days. The insurance company must be notified of the diagnosis within

30 days of the same being made.

Death Benefit, if payable during the grace period, will be

reduced by the outstanding policy premium.

Grace period:

Temporary Insurance Certificate:

Free Look Cancellation:

Definition of Terminal Illness:

Terms and ConditionsDeath:

Exclusions

Assignment and Nomination

Suicide Exclusion for Base Plan:

For Terminal Illness Benefit:

Assignment:�

In case of death by suicide during the

first policy year, or within one year from the date of reinstatement, no

Death Benefit is payable.

No claim will be payable if the condition

arises directly or indirectly as a result of any of the following:

Self inflicted injuries, suicide, insanity, immorality, committing any

breach of law.

Unreasonable failure to seek or follow medical advice.

Alcohol or solvent abuse, or the taking of drugs except under the

direction of a registered medical practitioner.

Infection with Human Immunodeficiency Virus (HIV) or conditions

due to any Acquired Immune Deficiency Syndrome (AIDS).

For the purpose of this plan, the definition of AIDS will be the one

that is used by the World Health Organization at the date of onset

or that used by any other appropriate Government or international

organization. Infection by HIV will be deemed to have occurred

where blood tests indicate the presence of the virus or any

antibodies to it.

When the member is engaged in aviation or aeronautics other than

as a passenger on a licensed commercial aircraft operating on a

scheduled route, and

Due to injuries from war (whether war is declared or not), invasion,

hunting, mountaineering, motor racing of any kind, other

dangerous hobbies or activities, or having been on duty in military,

Para-military, security or police organization.

An assignment of the Policy can be made by an

endorsement on the Policy itself or by a separate instrument signed

in either case by the assignor specifically stating the fact of

assignment and duly attested. The first assignment can be made

only by You. Assignment shall be effective, from and upon the

service of a written notice to the Company together with the

endorsement or instrument or a copy thereof duly certified to be

correct by both the assignor and the assignee. Assignment will not

be permitted where the policy is issued under the Married

Women’s Property Act, 1874 and conditions apply to assignments

of policies issued to partnerships or Hindu Undivided Families.

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• Nomination: You may at any time during the Policy Term make a

nomination for the payment of the benefits under the Policy in the

event of death of the Life Assured. Where the nominee is a minor,

an Appointee, who is not a minor, will necessarily, be appointed by

you to receive the Death Benefits during the minority of the

nominee.

Nomination can be made by communicating the same in writing to

the Company. The Nominee can be changed by the you at any time

during the term of the Policy and any such change shall vacate

earlier nomination automatically. Nomination will not be permitted

if you are not the Life Assured under the Policy.

The Company does not express any opinion on the validity or

legality of the assignment or nomination. An assignment cancels a

nomination automatically.

In absence of the nominee, the Death Benefit will be paid to your

legal heir.”

AEGON, an international life insurance, pension and investment

company, Religare, a global financial services group and Bennett,

Coleman & company, India’s largest media house, have come together

to launch AEGON Religare Life Insurance Company Limited (ARLI).

ARLI launched its pan-India operations in July, 2008 following a multi-

channel distribution strategy with a vision to help people plan their life

better.In an industry first, we offer policy servicing on the phone via

Interactive Voice Response System (IVR).

As an international life insurance, pension and investment company,

has businesses in over twenty markets in the Americas,

Europe and Asia. With headquarters in The Hague, The Netherlands,

AEGON companies employ approximately 28,000 people and serve

some 40 million customers across the globe. AEGON has more than

160 years of experience with its roots going back to 1844 and holds

26% equity in our Company

is a global financial services group

with a presence across Asia, Africa, Middle East, Europe and the

Americas. In India, Religare’s largest market, the group offers a wide

array of products and services ranging from insurance, asset

management, broking and lending solutions to investment banking

and wealth management. With over 10,000 employees across

multiple geographies, Religare serves over a million clients, including

corporates and institutions, high net worth families and individuals,

AEGON

Religare Enterprises Limited (REL)

About AEGON Religare Life Insurance

and retail investors. REL holds 44% equity in our Company.

, India’s largest media

house holds 30% equity in our Company. BCCL owns some of the

prominent brands such as Times of India, Economic Times, Times

Now, Radio Mirchi, Zoom and Femina.

1) No person shall allow

or offer to allow, either directly or indirectly, as an inducement to any

person to take out or renew or continue an insurance in respect of

any kind of risk relating to lives or property in India, any rebate of the

whole or part of the commission payable or any rebate of the

premium shown on the policy, nor shall any person taking out or

renewing or continuing a policy accept any rebate, except such rebate

as may be allowed in accordance with the published prospectuses or

Bennett, Coleman & Company Limited (BCCL)

Section 41 of the Insurance Act, 1938 states:

Prohibition of Rebates

tables of the insurer. 2) Any person making default in complying with

the provision of this section shall be punishable with fine, which may

extend to Five Hundred Rupees.

In accordance with Section

45 of Insurance Act, 1938, no policy of life insurance shall, after the

expiry of two years from the date on which it was effected, be called in

question by an insurer on the ground that a statement made in the

proposal of insurance or any report of a medical officer, or a referee,

or a friend of the insured, or in any other document leading to the

issue of the policy, was inaccurate or false, unless the insurer shows

that such statements was on material factor or suppressed facts

which it was material to disclose and that it was fraudulently made by

the Policy Holder and that the Policy Holder knew at the time of

making that the statement was false or that it suppressed facts which

it was material to disclose.

Section 45 of Insurance Act, 1938 states:

For More Details

Call 1800 209 9090

www. aegonreligare.com

Insurance is the subject matter of the solicitation. IRDA Company

Registration No. 138. Registered Office : AEGON Religare Life

Insurance Company Limited, 2nd Floor, Paranjpe ‘B’ Scheme, Subhash

Road, Near Garware House, Vile Parle (East), Mumbai 400 057.

ADVT. No. IC/January 2012/1198

Product Name: AEGON Religare iTerm Plan UIN-138N016V02