Aegon Life Guaranteed Growth Insurance plan is a traditional insurance plan which provides guaranteed benefits while at the same time giving life insurance protection to ensure a stable financial future.
|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
8 years |
50 years |
|
Maturity Age (Last Birthday) |
- |
60 years |
|
Policy Term (PT) in years |
10 |
|
|
Premium Paying Term (PPT) in years |
8 |
|
|
Premium Paying Frequency |
Annual, monthly |
|
|
Premium |
20,000 |
300,000 |
|
Sum Assured |
10 * Annual Premium |
|
Annual premium in Rupees and Benefit Illustration
|
Age |
45 years |
|
Term |
10 years |
|
PPT |
8 years |
|
Premium |
100,000 |
|
Annual Payouts after the term |
150,000 |
Grace period: 30 days’ grace period is allowed for premium payment. If policyholder fails to make payment within the grace period, the policy lapses
Policy termination or Surrender Benefit: the policy acquires a Surrender Value if one full year’s premium has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.
GSV = (GSV% * total premiums paid)
Free look period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Loan is not available under the plan
In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
