AEGON Religare Term Insurance

Other Features

Riders:

You can make your plan more comprehensive by opting for the below mentioned riders:

• AEGON Religare AD Rider: In case of an accidental death of the Life Assured, the Sum Assured under the rider will be paid.

• AEGON Religare WoP on CI Rider: This Rider covers 4 critical illness conditions as specified in this document. On being diagnosed with any of these 4 critical illnesses, future premiums payable under the base plan and riders (if any) are waived while the life cover and rider cover (if any) continues.

The illnesses covered under this rider are as below:

• Cancer Coronary
• Artery Bypass Surgery
• Heart Attack
• Stroke

• AEGON Religare Women CI Rider: This rider covers illnesses pertaining to women. On being diagnosed with any of the covered illness, a certain percentage of the base plan Sum Assured will be paid. The illnesses covered under this rider are classified into 2 groups viz. Group 1 & Group 2. The illness covered and the benefit amount are as below:

Group	Conditions covered	Benefit amount
Group 1	Malignant Cancer of the Female Organs	5% of base Sum Assured subject to maximum of Rs.10 lacs
Group 2	• Birth of child with Congenital Disorders / Surgeries • Pregnancy Complications	2.5% of base Sum Assured subject to maximum of Rs.5 lacs

Terms and Conditions

Death:

Death Benefit, if payable during the grace period, will be reduced by the outstanding policy premium.

Premium:

If the premium received, is less than the due installment premium, the same will not be accepted. On the other hand, if the installment premium is more than the due premium, the excess premium will be refunded to the Policyholder without any interest. Premium rates applicable differ for male and female lives. Only online payment is accepted for the first premium.

Sum Assured:

The Policyholder cannot change the Sum Assured during the Policy Term.

Lapse and Reinstatement:

If premiums are not paid before the expiry of the 30 day grace period from the premium due date, the policy will lapse. If the Policyholder fails to reinstate a policy within this two year period from the premium due date, the policy will terminate. On reinstatement, all outstanding premiums, without interest will be payable.

Cancellation of Policy on Non Receipt of Documents:

In case of non receipt of documents within 15 days from the date of issue of Temporary Insurance Certificate, the policy will be cancelled and the Policyholder will be paid back the premium without any deduction.

Maturity:

The contract does not acquire any maturity value, therefore no amount is payable to the Policyholder on maturity.

Surrender

Regular Premium:

The policy does not acquire any Surrender Value throughout the Policy Term and therefore there is no amount payable to the Policyholder upon surrender.

Single Premium:

You may surrender the policy after completion of three policy years. On surrender, the company will pay the Surrender Value as per the following formula: Surrender Value for single premium policy = 0.7 * single premium (excluding any extra premium loading and service tax) * outstanding Policy Term (rounded off to a lower integer) / Policy Term.

Service Tax

Service tax or any other tax shall be levied as per the prevailing tax laws on premiums or benefits payable.

Exclusions

Suicide Exclusion for Base Plan:

In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no Death Benefit is payable.

For Terminal Illness Benefit:

No claim will be payable if the condition arises directly or indirectly as a result of any of the following:

• Self inflicted injuries, suicide, insanity, immorality, committing any breach of law.

• Unreasonable failure to seek or follow medical advice.

• Alcohol or solvent abuse, or the taking of drugs except under the direction of a registered medical practitioner.

• Infection with Human Immunodeficiency Virus (HIV) or conditions due to any Acquired Immune Deficiency Syndrome (AIDS).

• For the purpose of this plan, the definition of AIDS will be the one that is used by the World Health Organization at the date of onset or that used by any other appropriate Government or international organization. Infection by HIV will be deemed to have occurred where blood tests indicate the presence of the virus or any antibodies to it.

• When the member is engaged in aviation or aeronautics other than as a passenger on a licensed commercial aircraft operating on a scheduled route, and

• Due to injuries from war (whether war is declared or not), invasion, hunting, mountaineering, motor racing of any kind, other dangerous hobbies or activities, or having been on duty in military, Para-military, security or police organization.

Assignment and Nomination

• Assignment:

An assignment of the Policy can be made by an endorsement on the Policy itself or by a separate instrument signed in either case by the assignor specifically stating the fact of assignment and duly attested. The first assignment can be made only by You. Assignment shall be effective, from and upon the service of a written notice to the Company together with the endorsement or instrument or a copy thereof duly certified to be correct by both the assignor and the assignee. Assignment will not be permitted where the policy is issued under the Married Women's Property Act, 1874 and conditions apply to assignments of policies issued to partnerships or Hindu Undivided Families.

• Nomination:

You may at any time during the Policy Term make a nomination for the payment of the benefits under the Policy in the event of death of the Life Assured. Where the nominee is a minor, an Appointee, who is not a minor, will necessarily, be appointed by you to receive the Death Benefits during the minority of the nominee.

Nomination can be made by communicating the same in writing to the Company. The Nominee can be changed by the you at any time during the term of the Policy and any such change shall vacate earlier nomination automatically. Nomination will not be permitted if you are not the Life Assured under the Policy.

The Company does not express any opinion on the validity or legality of the assignment or nomination. An assignment cancels a nomination automatically.

In absence of the nominee, the Death Benefit will be paid to your legal heir."

About AEGON Religare Life Insurance

AEGON, an international life insurance, pension and investment company, Religare, a global financial services group and Bennett, Coleman & company, India's largest media house, have come together to launch AEGON Religare Life Insurance Company Limited (ARLI). ARLI launched its pan-India operations in July, 2008 following a multichannel distribution strategy with a vision to help people plan their life better.In an industry first, we offer policy servicing on the phone via Interactive Voice Response System (IVR).

As an international life insurance, pension and investment company,AEGON has businesses in over twenty markets in the Americas, Europe and Asia. With headquarters in The Hague, The Netherlands, AEGON companies employ approximately 28,000 people and serve some 40 million customers across the globe. AEGON has more than 160 years of experience with its roots going back to 1844 and holds 26% equity in our Company

Religare Enterprises Limited (REL)is a global financial services group with a presence across Asia, Africa, Middle East, Europe and the Americas. In India, Religare's largest market, the group offers a wide array of products and services ranging from insurance, asset management, broking and lending solutions to investment banking and wealth management. With over 10,000 employees across multiple geographies, Religare serves over a million clients, including corporates and institutions, high net worth families and individuals,and retail investors. REL holds 44% equity in our Company.

Bennett, Coleman & Company Limited (BCCL) ,India's largest media house holds 30% equity in our Company. BCCL owns some of the prominent brands such as Times of India, Economic Times, Times Now, 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.