Aegon Life Rising Star Insurance Plan

Fulfilling a child’s dreams and aspirations is a pleasurable parental duty and making the right investment decisions plays a vital role. Aegon Life Rising Star Insurance Plan is aptly suited to support your children’s dreams and provide for important milestones and ensure a secure future in the face of all eventualities. c is a Unit-Linked Non-Participating Life Insurance Plan.

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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:

Parameters

Details

Policy Tenure

25 years less age of the child in completed years at entry

Premium Paying Term 

Equal to the policy term

Premium Paying Mode

Yearly, Half-yearly, or Monthly

Entry Age 

The Parent or Life Assured: 
Minimum: 18 years
Maximum: 48 years
Child or Nominee:
Minimum: 
1 day if parental age <= 40 years
5 years if parental age is 40-45 years
10 years if parental age 45 -48 years
Maximum:
15 years

Maturity Age 

Maximum: 65 years

Grace Period 

15 days for monthly mode of payment and 30 days for other modes of payment from the premium due date

Sum Assured 

Base Policy Minimum:
Age < 45 years: Higher of, 10 X Regular Annualized Premium or (0.5 x Policy Term x Annualized Premium)
Age >= 45 years: Higher of, 7 X Regular Annualized Premium or  (0.25 x Policy Term x Annualized Premium)
Base Policy Maximum:
Age < 45 years: 18 X Regular Annualized Premium
Age >= 45 years: 10 X Regular Annualized Premium

Liquidity

Partial Withdrawals after 5 years of the policy. 

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

Entry Age

Life Assured: 18- 48 years
Child Nominee:
Minimum: 
1 day if parental age <= 40 years
5 years if 40 < parental age <= 45 years
10 years if 45 < parental age <= 48 years
Maximum: 15 years

Maturity Age

Maximum: 65 years

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.

FAQ's

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Aegon Life Rising Star Insurance Plan Reviews & Ratings

4 / 5 (Based on 27 Reviews)
(Showing Newest 10 reviews)
Ayush
Firozpur, October 14, 2016
Jasmit Kukreja
Ulip insurance policy of my family has nice services and very beneficial. Policy coverage is good ~89% and the claiming procedure is simple, online services makes more easy and reduces the paperwork, documentations. Online portal helps to renew the insurance policy by few clicks.
Neeraj
Dangar, September 23, 2016
Wonderful
Aegon life insurance is the top most insurance company. I took the ulip insurance policy through them in low premiums and the coverage is high as compared to premium. Service is perfect given by the team of the company. The online renewal option is the best service and the many updates can be checked on the website.
Deepanishi
Athagarh, August 24, 2016
High Paybacks
I have bought ulip insurance policy, it has great service and the online renewals is the best. The fast service reduces paperwork and long waiting. The behaviour of the company staff is very well. Policy coverage and claims are pretty good. The update mails are send to me regularly.
Pramond
Wazirganj, August 02, 2016
ULIP Policy
Service provided by the aegon is superb and on time too. I purchase ulip insurance plan and its really very awesome with full coverage. The claiming become very simple due to internet service and the renewals are simple to do by online portal service.
Lokesh
Nasik, July 15, 2016
ULIP Plan
My ulip plan is very nice which i buy from aegon life insurance. Policy coverage is good and the claims are easy to cleared because of fast service facilitate by the staff of the company. Premium is less and the renewal of the plan is easy through online service.
Himmat
Jetpur, July 04, 2016
My plan
Ulip insurance plan of mine is awesome with great benefits during and after the policy. The premium is low and policy cover's most of the cases. Claiming is easy due to quick service given by the staff. Internet service is simple, so easy renewals and other updates too.
Sumit
Bhubaneshwar, June 27, 2016
Good
I have ulip insurance plan which I bought in low premiums. Service provided by the company members is awesome and with very calm nature. Policy coverage is high. The premium is payed by online too through different gateways like through credit card or debit card. Hassle free documentation and regular updates of the insurance policy.
Kunal
Bangalore, May 06, 2016
Not Satisfied
The aegon life ulip plan policy i have provide less returns. The policy coverage is okay 79% and the claims are normal. Services are even good but just the payback amount is not good enough as comparing to the premiums. Not satisfactory to me.
Tanishk
Durgapur, May 06, 2016
Awesome
My ulip policy plan is from aegon religare life insurance and the policy is the best because the policy has many benefits like the accident insurance is inbuilt in this policy. Policy coverage is high and the premiums are low. Claims are 1.25 times of the investment. The service is fast and very quick. I like the plan.
Umakant
Bareilly, May 06, 2016
Perfect Policy
The insurer provide me good policy coverage with low premiums. The aegon life ulip plan i have which have 90% coverage and the claims are ~43 L minimum. The investment is 29.7 K per year with extra benefit that is it includes the inbuilt accidental death benefit. Great future investment.
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