Time is always running out. There are many things to do, but very little time. You do whatever it takes to make sure that your family lives a comfortable life. However, no one has control over uncertainties of life. Will they be able to sustain the same lifestyle even in your absence? In order to ease some worries and give your family the best, AEGON Religare Life Insurance offers AEGON Religare iTerm Plan, which ensures protection for your loved ones - at a fraction of the cost. And now, you can avoid the hassle of going through the tedious paper work and easily get yourself insured using the internet. It is not only simple but also available at your finger tips.
Death: In case of your unfortunate demise, the benefit payable to the nominee is Sum Assured and it does not change during the term of the contract.
Diagnosis of terminal illness: On diagnosis of any terminal illness, an amount equal to 25% of the base Sum Assured will be paid subject to maximum of Rs.100 lacs and the Death Benefit will be reduced by an amount equal to the benefit paid under this clause. No premium will be charged after company accepts the terminal illness claim.
Tax Benefits: As per the current tax rules of Income Tax Act, 1961, the premiums paid under this plan are eligible for tax benefits u/s 80C. And u/s 10(10D), the benefits received are tax exempt. Tax benefits may change as per tax rules.
*This plan does not provide any surrender or maturity benefits.
Inbuilt Terminal Illness benefit as added advantage.
Option to select whether to undergo Medical examination or not.