Aegon Life iMaximize is a non-participating Unit Linked plan available online which gives the dual benefits of wealth maximization and insurance coverage. ULIP with ZERO premium allocation charge. Key Features & Benefits of iMaximize Plan from Aegon Life. Read detailed Review of this online plan by. Aegon Life iMaximize is an online ULIP and hence tries to leverage on a lower cost structure than traditional ULIPs. It only partially succeeds in.
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As such Aegon Life is now having a very good name in the insurance sector and they are quite professional. The maturity amount you receive from this plan are exempt from tax under section 10 10D. In terms of insurance benefit, you can choose from two options. Assuming a year-old male buys this plan for an annual premium of Rs. For us to process your Fund switch request on the same day, remember to inform us relugare 3.
The surrender value will be equal to the fund value of all the premiums paid. However, in case inaximize surrender during the first 5 Policy Years, the Surrender Value will be paid after the completion of first 5 policy years.
Select Religaare Mumbai, Maharashtra. It is not only a value for money investment but also provides you a choice for opting the protection death benefit suitable for you.
iMaximize Plan from AEGON Life – Key Features & Review –
You can keep your family secure by just spending a few minutes to fill out a simple step-by-step form. Boost your fund value through periodic Top-up Premiums, if desired.
Service tax, Education cess and any other taxes announced by the government of any other statutory body in future would be levied as per the applicable tax laws. You will get your policy kit within 10 days of the policy issuance. It also lacks a reasonable suite of investment strategies in the ULIP funds. Total Charges include policy administration charge, base mortality charge, Additional Savings Benefit charge, Income Benefit charge and fund management charge.
No, this plan does not offer loan.
Higher of 7 x Annualised Premium or 0. Aegon Life iMaximize Insurance Plan offers 6 fund options: How can I change the nomination details in my policy? Service Tax would be applicable on the charges depending on the applicable rates. Aegon Life iMaximize could have done more on this front, especially since its an online plan. A Unit Linked Insurance Plan ULIP is a product offered by insurance companies that unlike a pure insurance policy gives investors the benefits of both insurance and investment under a single integrated plan.
Aegon Life Insurance is only the name of the Insurance Company and Aegon Life iMaximize Insurance Plan is only the name of the unit linked life insurance contract and it does not in any way indicate the quality of the contract, its future prospects and returns. How long do I need to pay premiums under this Policy?
ULIP Review: Aegon Life iMaximize Plan; does it maximise returns?
The performance of the equity ULIP funds has also been disappointing. He is also aware of the rising inflation and spiralling expenses related to education, marriage etc. Change in Premium payment frequency Post policy issuanceIt will be effective from the next policy anniversary. Umaximize premium redirection request, you need to submit an endorsement form signed by the policyholder at the nearest ALI branch.
The second option is a type-2 plan that pays both the sum assured and fund value upon death and packs in waiver of premium and periodic income benefit. So, upon death of the policyholder during the term, the beneficiary will get the sum religaer straightaway. The mortality charges are subject to underwriting of the proposal, and may increase before the acceptance of the risk.
ULIP Review: Aegon Life iMaximize Plan
Note that option 2 will also feature additional mortality charges for these rellgare death benefit features. This plan provides you with the choice to decide on the duration for which you aegpn want to pay the Policy premiums. Being an online Ulip, this policy does not have a premium allocation charge; however, it levies a policy administrative charge of Rs. Mahesh age 30 years works with a reputed hospital. Yes, the Partial Withdrawal facility available with this plan gives you the option to withdraw money from your Fund Value after first 5 Policy Years.
You have two options to request for premium redirection: Original Policy Document II. Option 2 10 times annual premium and The company will pay all remaining premiums due to the policy The company will pay an amount equal to annual premium as income each year for the rest of the policy term The company will pay the fund religaer at the end of the policy term.
Equal to policy term.
Product crack: AEGON Religare iMaximize
Discontinuation Charge — This charge is for discontinuing the plan before the end of the Policy Tenure. What happens if I surrender the Policy? In case you are not satisfied with the Terms and Conditions, you can request for free look cancelation within 30 days from the date you receive the policy documents. Switch – This feature helps you shift your investments from one fund to another. Charges Aegon Life iMaximize could have done more on this front, especially since its an online plan.
Insurance component in imaxijize plan is restricted to 10 times the annual premium.
Moreover, he aegn cognizant that life is uncertain and that the future of his family needs to be protected. Option 2 – Customer portal: Only you need to go to their website select plan and put your details and you will be provided with all the details of the insurance plan. Thu, Jan 29 A discontinuance charge would be applicable though. My Policies Log Out. Entry Age 7 years to 55 years — Option 1 and 18 — 50 years for Option 2.
How soon does a claim get settled? Only you the Policy owner can request for any of the above changes in your policy.