Aegon Life Edu Care Advantage is a traditional Child Plan with Money Back facility. The plan guarantees to provide for the child’s future financial needs even in the unfortunate death of the parent.
|
Minimum |
Maximum |
Entry Age (As On Last Birthday) |
20 years |
60 years |
Maturity Age (As On Last Birthday) |
- |
75 years |
Policy Term |
14, 16, 20 Years |
|
Premium Paying Term |
10, 12, 16 Years |
|
Premium Paying Frequency |
yearly, half yearly, monthly |
|
Premium |
Depends on SA, age, term and PPT chosen |
|
Sum Assured |
100,000 |
No limit |
Annual premium in Rupees
Age |
SA = 100,000 |
SA = 250,000 |
SA = 500,000 |
|||
Term |
14 yrs. |
16 yrs. |
14 yrs. |
16 yrs. |
14 yrs. |
16 yrs. |
30 yrs. |
14,895 |
12,881 |
35,783 |
30,745 |
69,500 |
59,455 |
40 yrs. |
15,413 |
13,373 |
37,045 |
31,940 |
71,960 |
61,780 |
50 yrs. |
16,904 |
14,733 |
40,688 |
35,248 |
79,065 |
68,210 |
The policyholder can avail Loans under this plan. The amount permitted for a loan is minimum Rs.5000 and a maximum of 60% of the Surrender Value after completion of 3 years.
For additional protection, you can buy Aegon Life Accidental Death, Disability, and Dismemberment Rider with your basic plan. This rider guarantees to provide additional benefits in case of the insured person’s death, disability or dismemberment caused by some accident.
Suicide is excluded from the reasons of death for which the nominee can file a claim. However, 80% of the premiums paid are returned to the beneficiary if the life insured commits suicide within a year from the commencement of the insurance policy. In case the suicide is committed within a year from the revival of the plan, the amount that is higher of 80% of the sum assured and the surrender value acquired till date will be paid out to the nominee.
Not many documents are required to buy this plan except your address proof, medical history and a few other KYC documents. Just fill up a Proposal/Application form and submit the documents to avail the plan. Whether or not you need to go through a medical examination depends on the sum assured you chose and your age at the time of entry.
You may also compare: Aegon Life Child Plans