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chrisluke246
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Find helpful information on what is child insurance, what is the importance to have a good child insurance plan, what are the points to be considered before buying a child plan.
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chrisluke246
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A child insurance plan is the fundamental need in today’s world so that you live a prosperous life with your family and secure your childs future.
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Slide 1: Child Insurance Plans
A brief edit Master subtitle style Click tooverview
9/1/11
Slide 2: What is a Child Insurance Plan
A Child Insurance Plan can help secure your child’s
future by providing a lump-sum amount at maturity.
This also takes into account inflation rates, so you can
provide your child with the education he/she deserves.
Child Insurance is needed because traditional
practices like fixed deposits and savings accounts are not adequate anymore and are outdated.
Aegon Religare offers the Rising Star Plan.
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Slide 3: Rising Star Plan
You can invest your chosen premium amount in a
choice of 4 funds OR a unique ‘Invest Protect’ option
In case of death, the nominee receives the higher of
assured sum OR 105% of premiums paid
The nominee also receives an amount equal to the
annual premium every year
All future premiums are waived, and they are paid
into the Policy Fund Value, which is given to the nominee upon maturity
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Slide 4: Rising Star Plan
Upon maturity, you can choose to get the fund value
on the maturity date entirely, or go for the Settlement option
The benefits received and the premiums paid will be
eligible for tax benefits as per the prevailing tax laws
After 5 policy years, 20% of the fund value at the
beginning of the policy year can be withdrawn
You can shift your investments from one fund to
another, up to 4 times a year for free
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Slide 5: Rising Star Plan
You can top-up your premium any time after the first
policy year, except for the last 5 years, with a minimum of Rs.5,000
The policy can be discontinued at any time, and the
discontinuance value is paid after the first 5 years. The applied discontinuance charges depend on the period for which you have paid premiums. There is no charge for top-ups or if the policy is being discontinued after 4 years of completion
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Slide 6: Rising Star Plan
The minimum annualized premium is
Rs.20,000/Rs.30,000 p.a.
The policy term is (25 years – child’s age at entry) The premium payment term is the same as the policy
term
Minimum Sum Assured
Higher value between 10x Annual Premium OR (0.5 x Policy Term x Annualized Premium) Max Sum Assured: 30x regular annualized premium Maturity Age: Max - 75 years Payment options: Yearly, half-yearly, monthly
If age is less than 45 years
Entry Age
Parent (Life Assured) Child(Nominee) 18-60 years 1 day - 15 years
If age is more than 45 years
Higher value between 7x Annual Premium OR (0.25 x Policy Term x Annualized Premium)
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Slide 7: Contact Info
Website - 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.
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Slide 8: Thank You
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