Aegon Life Rising Star Insurance Plan

It primarily agrees with individuals with the appropriate risk appetite to invest in Equities for handsome returns but is wary of dealing in the market directly. The key attractive features of the plan are to provide financial security for the child’s education, wealth creation for future needs while at the same time protecting invested funds. Additionally, the policyholder’s life is covered till the child is 25 years old. 

Rising Star Insurance Plan Details:

Benefits of Aegon Life Rising Star Insurance Plan

Rising Star Insurance Plan by Aegon Life comes in handy with a whole set of core benefits. Some of the core benefits of Aegon Life Rising Star Insurance Plan are as follows:

1. Death Benefit

   In the event of the unfortunate death of the policyholder during the policy term and the Aegon Life Rising Star Insurance Policy status is active, the nominee benefits by the following:

   • Sum Assured paid immediately
   • All future regular premiums are waived
   • Income Benefit for an amount equal to Annualized Premium is paid to the nominee every year till the end of the policy term
   • Base Fund value is paid to the beneficiary at the end of the policy term

2. Maturity Benefit

   If the Life Assured survives the policy term, the Fund Value, including Top-Up if any, is paid. 

3. Top-Up

   It is an additional premium paid at the policyholder’s convenience at any time during the policy term except for the final five years. The accepted minimum amount is Rs. 5,000.

4. Tax Benefit

   As per existing tax laws, Premium paid and benefits received in a financial year are exempt under Sections 80C and 10(10D) of the Income Tax Act, 1961. 

   *Tax benefit is subject to changes in tax laws

The Premium for Aegon Life Rising Star Insurance Plan

As already mentioned earlier, the Aegon Life Rising Star Insurance Plan premium frequency is Yearly, Half-yearly, and Monthly. 

Minimum Annualized Premium:

• Annual Mode: Rs. 20,000 per annum
• Other Modes: Rs. 30,000 per annum

*Standard T&C Apply

Additional Riders for Aegon Life Rising Star Insurance Plan

No Riders are on offer under the Aegon Life Rising Star Insurance Policy.

Eligibility for Aegon Life Rising Star Insurance Plan

What are the Documents required to Buy this Policy?

Aegon Life Rising Star Insurance Plan Reviews reveal that the documents required by buying the plan are Officially Valid Documents only. Accordingly, copies of the following need to be furnished.

• Proposal Form
• Identity Proof
• Age Proof – Both parent and child
• Address Proof
• Income Proof
• Bank Account Details
• Recent Photographs

How to Buy this Plan Online?

The purchase option for an online Aegon Life Rising Star Insurance Plan is not available at the insurer portal. Thus, buy Aegon Life Rising Star Insurance Plan the traditional way in simple steps detailed below.

Step I: Decide the amount to invest as Premium and the Sum assured. 

Step II: The Life Advisor of the Insurer will help fill up the Proposal Form. 

Step III: Draw a cheque in favor of the Insurer.

Step IV: Once applied, the Insurer makes a verification call and approves the issuance of the Policy Document. 

Exclusions of Aegon Life Rising Star Insurance Plan

The suicide exclusion clause deals with death due to suicide within 12 months of the commencement of risk or revival. The nominee receives only Fund Value obtained on the date of intimation, minus the applicable charges if any.

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