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Saving Plans 

 

 
 
Tags:  Saving Plans  Online Saving Plans 
Views:  244
Published:  September 01, 2011
 
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Slide 1: Savings Plan A brief edit Master subtitle style Click tooverview 9/1/11
Slide 2: What is a Savings Plan?  A way to secure your future by investing your savings  Offers opportunity for creation of wealth  Savings plans help to avoid loss of wealth due to inflation  By investing money at regular intervals, you end up with a lump sum amount in the future. 9/1/11
Slide 3: Types of Savings Plans 9/1/11
Slide 4: Money Back Plus Plan  Periodic survival benefits after the 4th, 8th and 12th policy year, at the rate of 10%, 20% and 30% of the assured sum respectively.  With-Profit Plan  From the first policy year onwards, a bonus rate is declared by the company  120% of the assured sum is paid by maturity  In case of death, 100% of assured sum is paid along with bonuses accrued over time. 9/1/11
Slide 5: Money Back Plus Plan  In case of failure to pay premium after completion of 3 policy years, the policy will still continue with the assured sum.  After payment of 3 years, the policy can be surrender at any time.  Premiums paid for the policy are eligible for tax benefit u/s 80c and the accrued benefits are eligible for tax benefit u/s 10(10D) 9/1/11
Slide 6: Money Back Plus Plan  Must be 90 days – 60 years of age to be eligible  Maturity age is 76 years  Minimum sum to be assured is Rs.1,00,000  The policy term is 16 years  Premium payment term is 10 years  Premiums can be paid annually, half-yearly or monthly 9/1/11
Slide 7: Money Back Plan  Pay a premium for 5 years, get cover for 10 years  Periodic benefits at the end of the 6th and 8th policy year, at the rate of 10% and 15% of sum assured (or paid-up sum)respectively  Get 100% of the sum assured at the end of the policy  In case of death, get the sum assured or paid-up sum assured, disregarding payouts already made 9/1/11
Slide 8: Money Back Plan  After payment of 3 full years premium, the policy can be surrendered at any time  The policy is eligible for tax benefits as per the prevailing tax laws.  Additionally, the policy can be further customized should you decide to also opt for the Aegon Religare ADDD Rider policy. 9/1/11
Slide 9: Endowment Plan  In the event of death, the nominee gets 200% of the assured sum (or paid up sum), along with accrued bonus  Extended life coverage for 5 years after maturity, during which in case of death, nominee receives 100% of assured sum  In case of death before 7 years of age, all paid premiums are returned along with accrued bonuses and the plan is terminated 9/1/11
Slide 10: Endowment Plan  The company declares bonuses as a percentage of assured sum every year the policy is in force. These bonuses are paid in case of maturity or death  Bonuses are accrued after the first three years premiums have been paid. The bonus at the end of the 3rd year includes all bonuses in the previous years  Lesser premiums if the sum assured is Rs.2,50,000 or above 9/1/11
Slide 11: Endowment Plan  In case of failure to pay premiums after 3 years, the policy will still continue with the paid-up sum assured, however no bonuses will be accrued thereafter  After payment of 3 years premium, the policy can be surrendered, upon which the calculated surrender value will be returned. This also applies to all bonuses accrued over time.  The policy is eligible for tax benefits as per the prevailing tax laws. 9/1/11
Slide 12: Endowment Plan  Must be 90 days – 60 years to be eligible. Risk cover starts from 7 years of age  Maturity age is 75 years  Minimum premium amount is 6,000 p.a.  Minimum sum assured is Rs.1,00,000  The policy term can be 15/20/25 years  Premium payment term can be 5/7/10/equal to the policy term 9/1/11
Slide 13: Endowment Advantage Plan  Get 25% of sum assured 3 years before maturity  In case of death, 100% of assured sum along with bonuses accrued.  In case of death before 7 years of age, all paid premiums are returned along with bonuses  In case of death in the first 3 policy years, the nominee will receive 100% of assured sum along with bonuses  100% of sum assured (or paid-up sum) along with 9/1/11
Slide 14: Endowment Advantage Plan  Pay lesser premium if the chosen sum assured is above Rs.2,50,000  In case of failure to pay premiums after payment of 3 years premium, the policy will still continue with the paid-up sum assured  After payment of 3 years premium, the policy can be surrendered, upon which the calculated surrender value will be returned. This also applies to all bonuses accrued over time.  The policy is eligible for tax benefits as per the 9/1/11
Slide 15: Endowment Advantage Plan  Must be 90 days – 60 years to be eligible. Risk cover starts from 7 years of age  Maturity age is 75 years  Minimum premium amount is 6,000 p.a.  Minimum sum assured is Rs.75,000  The policy term can be 15/20/25 years  Premium payment term can be 7/10/equal to the policy term 9/1/11
Slide 16: Contact Info  www.aegonreligare.com  Corporate and Registered Office AEGON Religare Life Insurance, 2nd Floor, Paranjpe B Scheme, Subhash Road, Near Garware House, Vile Parle (E), Mumbai - 400 057. 9/1/11
Slide 17: Thank You 9/1/11

   
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