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Aegon Religare Guaranteed Income Advantage I..
Aegon Religare Guaranteed Income Advantage I..




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Guaranteed Income Advantage

1 Details
1.1 Insurance Provider
AEGON Religare Life Insurance
1.2 Claim Settlement Ratio
1.2.1 Settlement Ratio (2015-16)
85.93%
Rank: 7 (Overall)
1.2.2 Settlement Ratio
LIC Bhagya Laks..
90.00%
Rank: 8 (Overall)
Edelweiss Tokio My Life Plus
1.2.3 Settlement Ratio (2013-14)
LIC New Jeevan ..
81.00 %
Rank: 20 (Overall)
DHFL Pramerica Family Income
1.3 Type
Pension Plan
1.4 Status
In-force
1.5 Online
38% Pension Plans Life insurance plans have it !
1.6 Eligibility
1.6.1 Min Entry Age
AEGON Religare ..
20 years
Rank: 19 (Overall)
Bajaj Allianz Cash Assure
ADD ⊕
1.6.2 Max Entry Age
ICICI Pru Immed..
55 years
Rank: 22 (Overall)
Reliance Classic Plan 2
ADD ⊕
1.6.3 Min Vesting Age
Canara HSBC Sma..
20 years
Rank: 9 (Overall)
Shriram Secure Investment Plan
ADD ⊕
1.6.4 Max Vesting Age
Bharti AXA Life..
85 years
Rank: 5 (Overall)
LIC New Children Money Back Plan
ADD ⊕
1.7 Policy Term
1.7.1 Min Term
Edelweiss Tokio..
30 years
Rank: 19 (Overall)
HDFC Life New Group Unit Linked Plan
ADD ⊕
1.7.2 Max Term
TATA AIA Fortun..
65 years
Rank: 8 (Overall)
HDFC Life New Group Unit Linked Plan
ADD ⊕
1.8 Returns
1.8.1 Min Sum Assured
Aviva Life Shie..
₹ 100000
Rank: 33 (Overall)
ICICI Pru Immediate Annuity Plan
1.8.2 Min Sum Assured (Variable)
Not Applicable
1.8.3 Max Sum Assured
IDBI Federal Lo..
Not Available
Rank: N/A (Overall)
Kotak Gratuity Plus Group Plan
1.8.4 Max Sum Assured (Variable)
No Limit
1.9 Group Plan
No Pension Plans Life insurance plans has it !
1.9.1 Group Type
Not Applicable
1.9.2 NEE Size
Metlife Group T..
Not Available
Rank: N/A (Overall)
Reliance Traditional Group Employee Benefit Plan
1.9.3 EE Size
Metlife Complet..
Not Available
Rank: N/A (Overall)
HDFC Group Term Insurance
2 Premium
2.1 Minimum Premium
2.1.1 Min Premium
Kotak Preferred..
Not Available
Rank: N/A (Overall)
HDFC Life Group Credit Protect Insurance Plan
2.1.2 Min Premium (Variable)
Depends on age, sum assured, policy term and premium paying term.
2.2 Maximum Premium
2.2.1 Max Premium
Metlife Traditi..
Not Available
Rank: N/A (Overall)
HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana
2.2.2 Max Premium (Variable)
Depends on age, sum assured, policy term and premium paying term.
2.3 Payment Options
Single Pay
2.4 Regular Modes
Not Applicable
2.5 Top Up
Not Allowed
2.5.1 Top Up Value
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Pension Plus
3 Loan And Benefits
3.1 Loan
8% Pension Plans Life insurance plans have it !
3.2 Surrender
83% Pension Plans Life insurance plans have it !
3.2.1 Surrender Value
GSV of Sum Assured = (Applicable GSV Factor) X (Total Amount of Premiums Paid) + [GSV of Bonus = (Applicable GSV Factor) X (Accrued Bonus)]
3.3 Benefits
3.3.1 Tax
92% Pension Plans Life insurance plans have it !
3.3.2 Tax Benefit Amount
Applicable as per tax laws
3.3.3 Service Tax
Applicable
3.3.4 Maturity
79% Pension Plans Life insurance plans have it !
3.3.5 Maturity Benefit Amount
Not Mentioned
3.3.6 Death
96% Pension Plans Life insurance plans have it !
3.3.7 Death Benefit Amount
An amount equal to higher of 10 times of annualized Base Premium or Sum Assured along with accrued Bonus, if any will be paid.
3.3.8 Annuity
75% Pension Plans Life insurance plans have it !
3.4 Bonus
Reversionary Bonus
4 Provisions
4.1 Renewal
92% Pension Plans Life insurance plans have it !
4.1.1 Renewal Period
Bajaj Allianz R..
2 years
Rank: 3 (Overall)
HDFC Life Group Unit Linked Pension Plan
4.2 Riders
4.2.1 Accidental Death
17% Pension Plans Life insurance plans have it !
4.2.2 ADBR Description
The rider benefit is only available during the premium payment term of the base plan.
4.2.3 Critical Illness
8% Pension Plans Life insurance plans have it !
4.2.4 CI Description
Not Applicable
4.2.5 Term Rider
12% Pension Plans Life insurance plans have it !
4.2.6 TR Description
Not Applicable
4.2.7 Permanent Disability
8% Pension Plans Life insurance plans have it !
4.2.8 PD Description
The rider benefit is only available during the premium payment term of the base plan.
5 Terms and Conditions
5.1 Grace Period
LIC Jeevan Raks..
30 Days
Rank: 1 (Overall)
HDFC Group Term Insurance
ADD ⊕
5.2 Free Look Period
Mera Term Plan
15 Days
Rank: 2 (Overall)
Reliance Online Term
ADD ⊕
5.3 Exclusion On Base Policy
Suicide Clause
5.4 Charges
5.4.1 Premium Allocation
42% Pension Plans Life insurance plans have it !
5.4.2 Premium Allocation Charge
Not Available
5.4.3 Policy Administration
42% Pension Plans Life insurance plans have it !
5.4.4 Policy Administration Charge
Not Available
5.4.5 Fund Management
46% Pension Plans Life insurance plans have it !
5.4.6 Fund Management Charge
Not Available
5.4.7 Mortality
21% Pension Plans Life insurance plans have it !
5.4.8 Mortality Charge
Not Available
5.4.9 Switching
Not Allowed
5.4.10 Switching Charge
Reliance Group ..
Not Available
Rank: N/A (Overall)
SBI Life Kalyan ULIP Plus
5.4.11 Partial Withdrawal
Not Allowed
5.4.12 Partial Withdrawal Charge
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
Aviva Live Smart Plan
5.4.13 Premium Redirection
Not Allowed
5.4.14 Premium Redirection Charge
Kotak Invest Ma..
Not Available
Rank: N/A (Overall)
SBI Life Kalyan ULIP Plus
5.5 Group Members
5.5.1 Addition
Not Allowed
5.5.2 Deletion
Not Allowed
5.6 Medical Examination
29% Pension Plans Life insurance plans have it !

Information on Guaranteed Income Advantage

Aegon Religare Guaranteed Income Advantage Insurance Plan is one of the Pension Plans provided by AEGON Religare Life Insurance. Claim settlement ratio for this insurance company is 90.00%. This policy cannot be bought online. To buy this plan, life insured has to be at least 20 years old as on his last birthday. Maximum entry age for this plan is: 55 years. Vesting age or maturity age for this plan is 20 years. Information on Guaranteed Income Advantage policy term and returns can be found on details.

Payment Options for Guaranteed Income Advantage Premium

Insurance premium is an amount that is paid to the insurance provider at regular or limited intervals or at once. Regular payment means that one pays premium (money you pay in exchange of life cover) throughout the policy term. Limited pay means that one pays premium only for a limited number for years say 3 to 5 years whereas single pay means that you pay premium at once. After maturity of some of the insurance plans, these premiums are returned to you along with additional bonus as policy gains. Aegon Religare Guaranteed Income Advantage Insurance Plan Premium and gains are ways of investment for the life insured person. Payment options for Guaranteed Income Advantage premium include: Single Pay.

Guaranteed Income Advantage Gains

Guaranteed Income Advantage gains are the benefits that are available under the insurance policy. You cannot avail loan under this plan. If one is unable to pay premiums, some companies allow surrender of policy. The amount of money that you get back after you surrender your policy is known as surrender value. Aegon Religare Guaranteed Income Advantage Insurance Plan assures guaranteed surrender value. Compare Aegon Religare Guaranteed Income Advantage Insurance Plan and MET Pension (Par) to know the difference between gains of these plans. Tax benefit is applicable for this plan. When a policy has tax benefit, it means that the premiums you pay for that policy are eligible for deduction in tax returns and so is a part of the money you get at the end of policy term. Maturity benefit is provided by AEGON Religare Life Insurance. This plan assures death benefit.

Provisions of Guaranteed Income Advantage

Provisions of Guaranteed Income Advantage include riders i.e. special clauses to consider the cases where the policy holder will not be able to pay premium. For example in case the life insured suffers disability due to some accident or in case of demise of the policy holder due to some accident. Special circumstances like the are covered in riders. In such conditions, these riders provide an option for you to surrender the policy and get back the money that you have paid in terms of premiums. Accidental Death is applicable for this plan. Critical Illness is not applicable for this plan. Term Rider cannot be availed under this policy. Permanent Disability can be availed under this policy. Riders can sometimes be bought by paying additional premium.

  • Terms and Conditions:
  • Aegon Religare Guaranteed Income Advantage Insurance Plan Terms and Conditions include grace period, free look period, etc. Grace period is the period where in the policy can be reinstated by paying the unpaid premiums. Grace Period available for this plan is of 30 Days. Free look period is the period where in you can return the policy if you are not satisfied with the terms and conditions of Aegon Religare Guaranteed Income Advantage Insurance Plan. Free look period available for this plan is of 15 Days.

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