Product Specification-aegon-religare-guaranteed-income-advantage-insurance-plan

Details About Premium Benefits illustration and Annual premium in Rupees Policy Details ofAegon Life Guaranted Income Advantage Insurance Grace Period: In case of the policyholder fails to pay the premium on time, a grace period of 15 days (for monthly mode) and 30 days (for other modes) are allowed by the insurance company. During this grace period, the insured has to pay all due premiums. Failing this, the tenure of the policy will lapse Policy Termination or Surrender Benefit: The policy acquires a Surrender Value if one full years premium has been paid. The Surrender Value will be higher of the Special Surrender Value or the Guaranteed Surrender Value. GSV if surrendered during PPT= (GSV% * total premiums paid) + (GSV%* accrued bonuses) GSV if surrendered post PPT = (GSV% * Sum Assured) + (GSV % * Accrued bonuses) Free Look Period: If the customer is dissatisfied with the coverage, terms and conditions of the policy, then he/she is entitled with an option of free look period. It allows him/her to cancel the policy within 15 days of policy issuing. Inclusions No Loan facility is available under the plan. Add-on Benefits or Riders Aegon Life ADD Rider is available which provides additional benefits in case of Accidental death, disability and dismemberment of the policyholder. Exclusions If the policyholder commits suicide within 12 months of policy inception, then only 80% of the premium paid is repaid to the beneficiary. If the suicide is committed within 12 months of revival, higher of the acquired surrender value or 80% of premium paid is returned to the nominee. Documents Required forAegon Life Guaranted Income Advantage Insurance The documents required while filling up the application form are accurate medical history, address proof, and other KYC Documents. In some cases, a medical examination may also be required based on the age of the person and sum assured.