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Aegon Decreasing Term Plan

Entry Age (years)  
Minimum 18
Maximum 55
Maximum Maturity Age (years) 75
Policy Term (years)  
Minimum 10
Maximum 20
Sum Assured (Rs)  
Minimum 500000
Maximum No limit
Minimum Premium (Rs)  
Yearly 2000
Single 10000
Premium Payment Frequency Single, Yearly, Half-yearly, Quarterly, Monthly (via ECS only)
Premium Payment Term Single or 10 years for a 10-year policy term or 11 years
Premium Factor (multiply with annual premium) Half Yearly: 0.512 times annual premium; Quarterly: 0.259 time annual premium; Monthly (through ECS only): 0.087 time annual premium
Policy Cover Reduces at 5% every year
Other Features  
Free Look Cancellation Aloowed within 15 days from receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace Period 30 days from premium due date
Tax Benefits Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply.
Exclusions 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. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit.
Customer Service  
Address AEGON Religare Life Insurance Company Limited, Nomura B-wing, First Floor, Unit 102
Near D-mart, Hiranandani Business Park, Hiranandani Gardens, Powai,
Mumbai 400 076
Mail To [email protected]
Call On 1800 209 9090 between 8:30 am to 8:30 pm