Never miss an

opportunity

AEGON Religare Assure Plan

A Unit Linked Insurance Plan
In this policy, the investment risk in investment portfolio is
borne by the Policy Holder.
Opportunities come and go. Some you take, some you miss. However,
the agony that you feel for every missed opportunity is boundless and
lingers on for eternity. At AEGON Religare Life Insurance we
understand this and hence we present to you the AEGON Religare
Assure Plan; a plan that ensures that you never miss an opportunity to
maximise your gains and at the same time are shielded from losses.
How does the plan work?
Step 1 : Decide on the amount of premium you wish to pay every year.
What is Special NAV?
Special NAV is 80% (Eighty percent) of the highest NAV declared on
any reset day. Refer to the Terms & Conditions to understand how a
special NAV is calculated for Regular Premium and Top-Up Premium.
What is the Special Fund Value?
Special Fund Value is calculated as, higher of the NAV as on date or the
Special NAV multiplied by the number of units in your unit account i.e.
(Higher of NAV as on date or Special NAV) x Number of Units.
NAV Special NAV

Step 2 : Choose the amount of insurance cover you want 45

40.12
(Sum Assured) 40

Step 3 : Decide the premium paying term of your policy. 35

32.10 32.10
30
Step 4 : Your premiums net of allocation charges are invested in
25 25.12
the NAV Protector Fund
22.67

NAV
20
16.97
15
13.58
What is NAV Protector Fund? 10
13.58

5
The NAV Protector Fund aims to maximise gains from your
0
investments and at the same time protect such gains from 1 2 3 4 5 6 7 8 9 10
eroding. The premiums allocated to the NAV Protector Fund will be Policy Term (years)

invested in a mix of equity and money market instruments. The

proportion of equity will be dynamically managed according to a For example, the NAV is at its highest 40.12 in policy year 7 as per the
predefined rule. graph above. On the date of maturity, even if the NAV is below the
Special NAV, you are assured of receiving your Special Fund Value at
an NAV of 32.10 which is 80% of the NAV in year 7.
The Company will manage the investment mix of the Investment
Fund -NAV Protector Fund according to the following indicative
table: Benefits
Asset Type Proportion Maturity : On maturity, you receive the Special Fund Value
Equity & Equity Derivatives* 0% - 100% (as explained above) as on maturity date.

Fixed Interest Securities and Money Market Instruments 0% - 100%
* As and when allowed by IRDA
What are Reset Days?
Net Asset Value for the NAV Protector Fund is declared every day.
However, every Friday will be the reset day for the AEGON Religare
Assure Plan on which we rebalance the asset allocation of the fund.
Partial Withdrawal: You can partly withdraw your money after the
first 5 policy years. The minimum amount of partial withdrawal is
Rs. 5,000 and the maximum amount of partial withdrawal allowed
in any policy year is 20% of the fund value at the beginning of that
policy year.
Discontinuance: You can discontinue the policy any time.
Discontinuance value is paid after first 5 years. Discontinuance value is
Special Fund Value minus the discontinuance charges of the year in
which the premiums were discontinued. The charge will depend upon AEGON Religare CI Rider : The rider benefit is payable on diagnosis or
the period for which you have paid your premiums, as given below. undergoing of surgical process for any of the following: Cancer
There is no charge on top-up or if the policy is discontinued after 4 (malignant) including Leukaemia; Coronary Artery Bypass Surgery;
policy years. Heart Attack; Kidney Failure; Stroke; Major Organ Transplantation;
Paralysis; Heart Valve Surgery; Surgery for disease of the Aorta. The
Where the policy Discontinuance charges Discontinuance charges
Sum Assured is paid to the Life Assured in the event of surviving the
is discontinued for annualised premium for annualised premium
during the upto Rs. 25,000 above Rs. 25,000 critical illness condition for a period of at least 30 days from the date
policy year of diagnosis. Premiums for the riders shall be payable in addition to
1 Lower of 20% (AP or FV) Lower of 6% (AP or FV) the premium for the base plan. For details, you can refer to the
subject to maximum of subject to maximum of brochure of the above riders.
Rs. 3,000 Rs. 6,000
2 Lower of 15% (AP or FV) Lower of 4% (AP or FV)
subject to maximum of subject to maximum of Eligibility
Rs. 2,000 Rs. 5,000
3 Lower of 10% (AP or FV) Lower of 3% (AP or FV)
Minimum Annualised Premium Pay Term
subject to maximum of subject to maximum of Premium* Frequency 5 yrs 10 yrs
Rs. 1,500 Rs. 4,000 Yearly 25,000 20,000
4 Lower of 5% (AP or FV) Lower of 2% (AP or FV) Half-yearly NA 30,000
subject to maximum of subject to maximum of
Rs. 1,000 Rs. 2,000 Monthly NA 36,000
5 onwards Nil Nil Premium Pay Term 5 years / 10 years
AP : Annualised Premium and FV : Fund Value Policy Term 10 years
Entry Age Minimum 7 Years
Death : In case of your unfortunate demise during the policy term, Maximum 70 Years
your nominee will receive the Sum Assured or the Special Fund Value, Maximum Maturity Age 80 years
whichever is higher. For further details, refer to Terms and Conditions
Sum Assured (Rs.)
mentioned later in the brochure.
Minimum Age less than 45 years :
10 times annualised premium
Tax Benefits : The premiums paid and the benefits received under the
policy will be eligible for tax benefits as applicable from time to time. Age greater than or equal to 45 years :
Please consult your tax advisor for details. 7 times annualised premium
Maximum Age less than or equal to 50 years :
15 times annualised premium
Key Features Age greater than 50 years :
7 times annualised premium
Riders
*The annualised premium will remain unaltered during the policy term.
Besides life cover, the AEGON Religare Assure Plan offers you
additional optional cover through riders.
Other Features
AEGON Religare ADDD Rider : This rider benefit is paid on Top-up premium : A Top-Up premium is an additional amount of
occurrence of any of the following: Death due to an accident; premium over and above the contractual basic premiums with a
Accidental dismemberment [loss of use of a limb(s) and /or eye(s)]; minimum amount of Rs. 5,000. You can top-up your premium anytime
Permanent Total Disability due to an accident. after the 1st policy year and apart from the last 5 policy years.
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 fund value,
plus premium allocation charge, plus mortality charge, plus policy
administration charge, less stamp duty, less medical reports cost, less
proportionate mortality charge.
In case of Critical illness (CI) rider, no rider premium shall be deducted.
Grace period : For payment of premium, you are allowed a grace
period of 15 days for monthly mode and 30 days for all other modes
from the premium due date.
Discontinued Policy & Revival : Refer to Terms and Conditions later in
this brochure.
Charges
Premium allocation charge : This is the percentage of the regular
premium appropriated towards allocation charges. These charges
vary depending on your Premium Paying Term as follows:
Policy Year Premium Payment Term
5 years 10 years
1 4.40% 4.40%
2-5 3.00% 3.00%
6 onwards 0% 0%
Fund Management Charge : This is a charge levied as a percentage
of the value of assets and shall be appropriated by adjusting the Net
Asset Value everyday when the unit linked funds are priced.
The Fund Management Charge for the NAV Protector Fund is
1.35%. The Fund Management Charges can be increased by the
company after IRDA approval but shall not exceed 2.00% p.a. at
any point in time.
Cost of Guarantee : An additional charge of 0.10% will be charged
against the cost of Guarantee.
Policy Administration Charge : This charge is levied every month
and is expressed as a % of annualised premium. The monthly charge
starting from the first policy year is as per the table alongside :
Annualised Premium (Rs.) Charge as % of Annual Premium
per month
20,000 – 29,999 0.325%
30,000 – 35,999 0.275%
36,000 & above 0.230%
The monthly policy administration charge will not exceed Rs. 500.
Mortality charge for base cover : The mortality charge is deducted by
cancellation of units at the prevailing Unit Price at the beginning of
each policy month. Mortality charge applicable is on the attained age
as on the monthly date of processing the charge and shall apply to the
higher of sum assured or 105% of all the premium paid (including top
up premium) in excess of the fund value.
Partial Withdrawal Charge : You have the option to make four free
partial withdrawals in each policy year. Any subsequent partial
withdrawal will attract a fee of Rs. 200 which will be collected by
cancellation of units as and when you make the withdrawal. These
charges may increase in future subject to clearance from the IRDA,
but shall never exceed Rs. 500.
Terms and Conditions
Reset Day : In the event of Friday being a market holiday, the reset day will
be the previous working day. However if Friday happens to be an
unscheduled holiday, the next working day shall then be considered the
reset day.
Special NAV : Special NAV for Regular Premium is calculated as 80% of the
Highest NAV declared on any Reset Day, during the policy term - Special
NAV For Respective Top Up Premium is calculated as 80% of the Highest
NAV declared on any Reset Day from the Date of respective Top Up
Premium till the end of Policy Term.
Premium : The premium will have the two elements - base plan premium
and rider premium - If any rider has been opted for, a separate additional
premium for the rider is payable in addition to the base plan premium.
Partial Withdrawal : This feature is allowed only if the life assured is more
than 18 years of age. All due premiums for the first five years have to be
fully paid. The amount of any partial withdrawal should not be less than
Rs.5,000. An amount equal to a minimum of 2 years’ annualised premium
should be maintained as fund balance after any partial withdrawal. There
will be a 5-year lock-in period for partial withdrawal for each Top-Up.
Death : The amount of all partial withdrawals made during the period of Discontinuance of Policy Premium after five Policy Years
two years before the date of death will be adjusted against the Sum
• If any premium is not paid after the grace period, the company will
Assured payable on death. If death occurs after attaining age 60, all partial
send a notice to the policyholder immediately after the expiry of the
withdrawals made after attaining age 58 but within the 5-year period
grace period (but not later than 15 days from that date of expiry of the
before the date of death will be adjusted against the sum assured payable
grace period) to either (a) revive the policy or (b) to completely
on death. If the premiums for the first 5 years have not been paid and the
withdraw from the policy without any life cover.
policy is in discontinuance status, the nominee will receive the special
fund value in the Discontinuance Policy Fund as death benefit. In case of • If policyholder does not exercise any of the options within 30 days
death due to suicide during first policy year or within one year from the from the date of receipt of notice (i.e. if policyholder does not respond
date of revival, only special fund value is payable. to the notice sent by the company) or opts for option “b” then the
policy will be discontinued and the special fund value will be paid to the
Top Ups : A 5-year lock-in period is observed from the date of making the
policyholder and policy will cease to exist.
Top-Up. Top-up premium will increase the sum assured subject to
underwriting. • On revival of the policy, all benefits under the policy will become
payable to the policyholder as per the terms and conditions of the
Service Tax : Service tax or any other tax shall be levied as per prevailing
policy from the date of revival.
tax laws.
About AEGON Religare Life Insurance
Discontinuance of premium : Discontinuance of Policy Premium within
AEGON, one of the world’s largest life insurance and pension groups,
five years of the Policy Date
Religare, one of India’s leading integrated financial services groups and
• If any premium is not paid after the grace period, the company will
Bennett, Coleman & Company, India’s largest media house, have come
send a notice to the policyholder immediately after the expiry of
together to launch AEGON Religare Life Insurance Company Limited. We
the grace period (but not later than 15 days from that date of expiry
launched our pan-India, multi-channel operations in July, 2008 with over
of the grace period) to either (a) revive the policy or (b) to completely
30 branches spread across India. Our business philosophy is to help
withdraw from the policy without any life cover.
people plan their life better. In an industry first, we offer policy servicing
• If policyholder does not exercise any of the options within 30 days on the phone via Interactive Voice Response System (IVR).
from the date of receipt of notice (i.e. if policyholder does not respond
AEGON’s businesses serve over 40 million customers in over 20 markets
to the notice sent by the company) or opts for option “b” then the
throughout the Americas, Europe and Asia, with major operations in the
policy will be discontinued and the discontinuance value (special fund
United States, the Netherlands and the United Kingdom. With
value less discontinuance charge of the year in which premium was
headquarters in The Hague, the Netherlands, AEGON companies employ
discontinued) will be shifted to the “Discontinuance Policy Fund”. The
almost 32,000 people worldwide. It has more than 160 years of experience
company will declare interest rate for this fund from time to time,
with its roots going back to 1844 and holds 26% equity in our Company.
which will be guaranteed to be not less than the interest rate as
stipulated by IRDA. Currently, the interest rate stipulated by IRDA is Religare Enterprises Limited (REL) is one of the leading integrated
3.50% p.a. on compounding basis. The discontinuance value (along financial services groups of India. It’s business is broadly clubbed across
with interest earned) in the “Discontinuance Policy Fund” will be paid three key verticals, Retail, Institutional and Wealth spectrum. It has a pan-
to the policyholder after the lock in period. India reach in more than 1800 locations, spread across over 490 cities and
towns and currently operates from 10 countries globally. REL holds 44%
• The life cover will continue till the time the policy is shifted to
equity in our Company.
“Discontinuance Policy Fund” or revival request is received.
Bennett, Coleman & Company Limited (BCCL), India’s largest media
• On revival of the policy, all benefits under the policy will become
house holds 30% equity in our Company. BCCL owns some of the
payable to the policyholder as per the terms and conditions of the
prominent brands such as Times of India, Economic Times, Times Now,
policy from the date of revival.
Radio Mirchi, Zoom and Femina.
Prohibition of Rebates
Section 41 of the Insurance Act, 1938 states: 1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or
renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or
any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may
be allowed in accordance with the published prospectuses or tables of the insurer. 2) Any person making default in complying with the provision of this section
shall be punishable with fine, which may extend to Five Hundred Rupees.
Section 45 of Insurance Act, 1938 states: In accordance with Section 45 of Insurance Act, 1938, no policy of life insurance shall, after the expiry of two years from
the date on which it was effected, be called in question by an insurer on the ground that a statement made in the proposal of insurance or any report of a
medical officer, or a referee, or a friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer
shows that such statements was on material factor or suppressed facts which it was material to disclose and that it was fraudulently made by the Policy Holder
and that the Policy Holder knew at the time of making that the statement was false or that it suppressed facts which it was material to disclose.
Product Name: AEGON Religare Assure Plan UIN - 138L025V01, AEGON Religare ADDD Rider UIN - 138C002V01, AEGON Religare CI Rider UIN - 138C001V01

Risk factors : Unit linked Life Insurance products are different from the traditional insurance products and as such, are subject to risk factors n The premium
paid in unit linked life insurance policies are subject to investment risks associated with capital markets and the NAV’s of the units may go up or down based on
the performance of fund and factors influencing the capital market and the policy holder is responsible for his/ her decisions n AEGON Religare Life Insurance is
only the name of the Insurance Company and AEGON Religare Assure Plan is only the name of the unit linked life insurance contract. The various funds offered
under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the
associated risks and the applicable charges, from your insurance Agent or the Intermediary or policy document of the insurer.

This is a non-participating unit linked savings plan and we do not offer policy loan in this plan.

For More Details

Call 1800 209 9090
sms ASSURE to 56677
www. aegonreligare.com

V No. i /October 2010

Insurance is the subject matter of the solicitation. IRDA Company Registration No. 138.
Registered Office : AEGON Religare Life Insurance Company Limited, 2nd Floor,
Paranjpe ‘B’ Scheme, Subhash Road, Near Garware House, Vile Parle (East), Mumbai 400 057.

ADVT. No. IC/October 2010/824