Benefits of Aegon Guaranted Income Advantage Insurance-aegon-religare-guaranteed-income-advantage-insurance-plan

Guaranteed benefit @ 7.5% of the Sum Assured is paid every year, after maturity, till the policyholder attains 85 years of age. On Maturity, when the policyholder attains 85 years of age, accrued bonuses including Terminal Bonus, if any, are paid out. On the demise of the insured during the policy tenure, higher of the sum assured or 10 times the annual premium, along with the bonuses accrued before or after the completion of Premium Paying Term are paid out to the beneficiary. The plan offers income tax benefit under which the premium paid and the claim received is exempt from income tax deduction as per section 80C and section 10(10D)of Income Tax Act.