Aegon Life Rising Star Insurance Plan

This is a unit linked insurance plan. The linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender / withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year. Aegon Life’s Rising Star Insurance Plan makes provision for your children’s important milestones and also ensures that their future remains secured

Key Features

  • Financial security for your child’s education by triple benefit insurance coverage on your life, till your child attains the age of 25 years
  • Contribute money systematically to create wealth for your child’s future financial needs
  • Multiple fund options to suit your investment need
  • Liquidity options through Partial Withdrawals available after five years
  • Option to pay additional premium by way of Top-up

Benefits

  • Maturity Benefit
On Maturity, you receive the Total Fund value (including the Top-Up Fund Value) as on the maturity date
  • Death Benefit
In case of an unfortunate demise of the Life Assured, the nominee receives highest of Sum Assured or Fund Value or 105% of all the premiums paid. In case a Top-Up fund exists, higher of Top-Up Sum Assured or Top-Up Fund Value will also be paid. The Policy terminates thereafter
  • Tax benefit
The Premium(s) paid by you are eligible for tax benefit available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE (Age of parents) 18 years 45 years
MATURITY AGE - 60 years last birthdays
SUM ASSURED 10,000 / month for 10 years -
POLICY TERM 25 years less age at entry of the child in completed years
PREMIUM PAYMENT TERM Equal to policy term
PAYMENT MODES Yearly, Half-yearly, Monthly

What if?

I am unable to pay on time

  • A grace period is provided based on the payment frequency. The policy is continued if you make the payment within the time period else the policy is lapsed.

I stop the payment

  • On the completion of the grace period the policy will get lapsed and the benefits cannot be claimed on the death of the life insured.

I wish to take a loan

  • No loan options are available for this policy

Exclusions

Suicide Benefit

  • In case of death of the Life Assured due to suicide within 12 months from the date of commencement of risk or from the date of revival of the policy, the nominee or beneficiary shall be entitled to the Fund Value, as available on the date of death. Any charges recovered subsequent to the date of death of the Life Assured shall be paid-back to the nominee or beneficiary along with the death benefit.