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Aegon Increasing Term Plan

Entry Age (years)  
Minimum 18
Maximum 55
Maximum Maturity Age (years) 75
Policy Term (years)  
Minimum 10
Maximum 30
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 equal to policy tenure
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 Increases at 5% every year
Other Features  
Free Look Cancellation In case, you are not satisfied, you may choose to cancel the policy within 15 days of 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 You are allowed to pay premiums within 30 days from the due date. If a due premium is not received within the grace period of 30 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated.
Lapsed Policy Reinstatement You can reinstate your lapsed policy any time (within 2 years from the due date of the first unpaid premium) by paying all the due premiums and undergoing underwriting requirements, if any.
Tax Benefits Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply. Premiums paid for AEGON Religare Critical Illness Rider may qualify for deduction under Section 80D of the Income Tax Act, 1961.
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
Additions to the Plan  
Available Rider(s) Aegon Religare ADDD Rider
Death due to an accident
Accidental dismemberment (loss of limbs and/or eye(s)
Permanent total disability due to an accident
Aegon Religare Critical illness Rider
This rider covers 9 critical illnesses namely: Cancer (malignant) including Leukemia, Coronary Artery Bypass surgery, Heart Attack, kidney failure, stroke, major organ transplantation, paralysis, heart valve surgery, surgery for disease of the aorta.
Rider Conditions  
Entry Age (years)  
Minimum 18
Maximum 55
Maximum Maturity Age (years) 65
Rider Term (years)  
Minimum 10
Maximum 30
Sum Assured (Rs)  
Maximum Lower of Base plan insurance or 25 lakh
Rider Premium (Rs) Premium for ADDB Rider should be <=30% of base plan premium and <=100% of base plan premium available only with annual premium option under Critical Illness Rider. Rider premiums vary for each policyholder. For instance, if a 25-year old opts for the ADDD rider and critical illness rider for Rs 5 lakh sum assured over a 10 year tenure; the annual ADDB rider premium works to Rs 675 or Rs 4,460 in case of a single premium plan and the annual critical illness rider premium works to Rs 560.