Recurring academic expenses,

no worries.
AEGON Religare EduCare Advantage
Insurance Plan
This is a participating life insurance plan

The birth of your child is one of the most important milestones in your
life. Similarly, your child crosses important milestones all through the
formative years too. Whether it is your childs first step, first word, first
day at school, graduation or even marriage.

Benefits

These milestones are defining moments that will make your child an
independent and confident adult. However, spare a moment, pause
and ask yourself how important are these moments for you?

Higher of 10 times of annualised Base Premium or Sum Assured

along with accrued bonus, if any. Total Death Benefit will be subject
to a minimum of 105% of Base Premiums paid till date and

Guaranteed yearly payouts without any deductions as per the

predetermined schedule.

The answer invariably is very important. Why? Because, at each of

these milestones, you need to be ready with the wherewithal to ensure
there is no hindrance in what your child has opted to do, for a living, for
a future.
We at AEGON Religare Life Insurance understand this. Hence, we
present you with the AEGON Religare EduCare Advantage Insurance
Plan. This plan provides you with lump sum payouts during the last four
policy years so that college fees are never a hassle!

Key advantages of AEGON Religare EduCare

Advantage Insurance Plan
n

Financial security for your childs future education by insurance

coverage on your life

Guaranteed payouts in the last 4 policy years

Increase in the benefit amount every year by bonus accrual from

first year onwards

Choice of Policy Term to suit your requirement

Limited Premium Payment Term

Option of additional protection against accidental death, disability,

and dismemberment

Tax benefits as per prevailing tax laws.

How does the plan work?

n

Choose the Policy Term as per your requirement

Decide on the Policy Sum Assured basis the amount required for
your childs future education

Basis the above choices, your Annual Premium will be calculated.

Death Benefit: In case of the unfortunate demise of the Life Assured

during the Policy Term, provided all due premiums have been paid, your
nominee will receive the following:

Guaranteed Payout: You will get a guaranteed percentage of Sum

Assured every year during the last 4 policy years provided all due
premiums have been paid. These payouts are irrespective of whether
any death benefit has been paid earlier on the policy. If the Life Assured
or the policyholder is not present, the payments will go to the next legal
heir.The Guaranteed Payouts will be as under:
End of
Policy Policy Term
Year
Premium
Payment
Term
11
12
13
14
15
16
17
18
19
20

% of Sum Assured Paid

14 years
16 years

20 years

10 years

16 years

12 years

40%
20%
20%
40%
20% + Bonus
20%
(Maturity)
20%
20% + Bonus
(Maturity)
40%
20%
20%
20% + Bonus
(Maturity)

Bonus : The Company will declare Simple Reversionary Bonus as a

percentage of Sum Assured at the end of every financial year. The
bonus will accrue to the policy at policy anniversary falling in the next
financial year. The bonus will be paid on the Date of Maturity or on the
death of the Life Assured, whichever is earlier. Bonus once declared will
be guaranteed.

The Company may declare Terminal Bonus for maturing in-force

policies depending on the experience of the participating fund.

factors will be available on the companys website. Higher of GSV or

SSV will be paid on Surrender.

Maturity Benefit : On survival i.e. till the end of the Policy Term and
provided you have paid all your due premiums, you will be entitled to
receive 20% of Sum Assured, which is the last installment of the
Guaranteed Payout along with the Accrued Bonuses and Terminal
Bonus (if declared).

Tax Benefit : The premiums paid and benefits received are eligible for
tax benefits under Section 80C and 10(10D) of the Income tax Act, 1961
respectively upon fulfillment of conditions laid down for availing such
benefits. The tax benefits are subject to change as per change in Tax
laws from time to time. Please consult your tax advisor for further
details.

Policy Loan : You can avail loan under this policy from the 4th policy
year. The minimum amount of loan is `5,000 and maximum amount
will not be more than 60% of the surrender value. The interest charged
on the loan will be decided by the Company from time to time but will
not exceed yield to maturity on a 10 year G-Sec plus 4%. If the
outstanding loan amount together with interest exceeds the Surrender
Value at any point in time, the policy will terminate without acquiring
any value. All benefits payable shall be adjusted against the outstanding
loan and interest thereon, if any. Company will inform you before
terminating the policy.

Eligibility
Entry Age#

Minimum

20 years last birthday

Maximum

Policy Term

Age

14 years

60 years

16 years

59 years

20years

55 years

Maximum Maturity Age

75 years as on last birthday

Minimum Sum Assured

` 1,00,000.

Rider : Besides life cover, AEGON Religare EduCare Advantage

Insurance Plan offers you an additional cover through AEGON Religare
ADDD Rider (UIN: 138B002V02).

Policy Term

14 years

16 years

20years

Premium Payment Term (PPT) 10 years

12 years

16 years

AEGON Religare ADDD Rider : This rider benefit is paid on occurrence

of any of the following: Death due to an Accident, Accidental
Dismemberment [loss of use of a limb(s) and /or eye(s)], and
Permanent Total Disability due to an accident. Please read the rider
brochure carefully for more details and before concluding the sale.

* The modal factor for modes other than yearly mode will be: Half
yearly Premium= Annualised Premium x 0.512;
Monthly Premium = Annualised Premium x 0.087.

Surrender Benefit : The policy will acquire guaranteed surrender value

after payment of first full years Premium.
The Guaranteed Surrender Value (GSV) will be calculated as:
n

GSV of Sum Assured = (Applicable GSV Factor) X (Total Amount of

Premiums Paid) less Guaranteed Payouts already paid plus,

GSV of Bonus = (Applicable GSV Factor) X (Accrued Bonus)

Please refer the Policy Contract for the details on Guaranteed

Surrender Value factors.
We may declare Special Surrender Value (SSV) factors which may
undergo change from time to time upon approval from IRDA. SSV

Premium Payment Mode*

Annually, Half Yearly & Monthly

Other Features
Free Look Period : If you are not satisfied with any of the terms and
conditions of the policy, you may return the policy document to the
Company for cancellation within:
n 15 days from the date you received it, if your policy is not purchased
through Distance marketing*
n In case purchased through distance marketing* 30 days from the
date you received the policy
On cancellation of the policy during the freelook period, we will return
the premium paid subject to the deduction of:
a) Proportionate risk premium
b) Stamp duty paid and
c) Expenses borne by the Company on medical examination, if any

The policy will terminate on payment of this amount and all rights,
benefits and interests under this policy will stand extinguished.
*Distance marketing: Distance marketing includes every activity of
solicitation (including lead generation) and sale of insurance products
through the following modes: (i) Voice mode, which includes
telephone-calling (ii) Short Messaging service (SMS) (iii) Electronic
mode which includes e-mail, internet and interactive television (DTH)
(iv) Physical mode which includes direct postal mail and newspaper &
magazine inserts and (v) Solicitation through any means of
communication other than in person.
Grace Period : You have a grace period of 15 days for policies under
monthly mode and 30-days as grace period for policies under all the
other modes from the premium due date to pay the premium. In case of
death during the grace period, the death benefit is reduced by an
amount equal to the outstanding premium.
Discontinuance of Premium : On non-payment of premium within
grace period, before payment of first policy years premium in full, the
policy will lapse and all the benefits including life insurance cover will
terminate.
On non-payment of premium any time after payment of first policy
years premium in full, the policy will not lapse but will continue with
Paid-Up Sum Assured. A Paid Up policy is not entitled for any future
bonus or Guaranteed Payouts. Paid Up Sum Assured along with
accrued bonuses will be paid on death or maturity whichever occurs
earlier and the policy will terminate upon such payment.
Paid Up Sum Assured on death = (Total premiums paid / Total
premiums payable over the policy term) x (Higher of 10 times of
annualized Base Premium or Sum Assured).
Paid Up Sum Assured on maturity = (Total premiums paid / Total
premiums payable over the policy term) x Sum Assured - Sum of
Guaranteed Payouts already paid.
Please note that a Paid Up policy can be surrendered within the policy
term also, as per the calculations mentioned above.
Reinstatement: You can apply for reinstatement of the lapsed / Paid Up
Policy within two years from the due date of the first unpaid premium.
For reinstatement, you will need to pay all unpaid premium + interest as
declared by the Company from time to time, which will not exceed yield

to maturity on a 5 year G-sec plus 3%.

The reinstatement shall be subject to the following conditions:
a) Satisfactory evidence of insurability of the Life Assured and
b) Payment in full of an amount equal to all the Policy Premiums due but
unpaid till the Effective Date of reinstatement along with interest.
Upon reinstatement of a Paid Up policy, all bonuses declared for the
completed policy years after the date on which the policy lapsed or
became Paid Up will accrue to the policy and the policy will become
eligible for future bonuses. Guaranteed Payouts already fallen due but
not paid will be paid to the policyholder without any interest and the
policy will become eligible for future Guaranteed Payouts.
If the policyholder fails to reinstate a lapsed policy within the two year
period from the date of first unpaid premium, the policy will
automatically stand terminated.
Service Tax: Service tax (along with applicable Education Cess) or any
other tax will be levied as per prevailing tax laws.
Suicide Exclusion: If death occurs due to suicide within one year from
the date of inception of the policy, death benefit is refund of 80% of the
premium(s) paid provided the policy is inforce.
If death occurs due to suicide within one year from the date of
reinstatement of the policy, the death benefit is higher of 80% of the
premiums paid till the date of death or the surrender value available as
on the date of death.

Assignment and Nomination

Assignment : In case You are also the Life Assured, You may assign the
benefits under the Policy in favor of any person named by You. The first
assignment can be made only by You. You are required to give a written
notice to the Company together with the endorsement or instrument
duly attested or a copy thereof duly certified to be correct by You and
the assignee.
Nomination : The Life Assured, who is also a Policyholder, may at any
time during the Policy Term appoint any person as Nominee for
receiving the payment of the benefits under the Policy. Where the
Nominee is a minor, the Policyholder is required to appoint a person
who is not a minor (the Appointee) to receive the benefits under the
Policy. Nomination can be made by communicating the same in writing
to the Company. The Nominee can be changed by You at any time

during the term of the Policy and any such change will vacate any earlier
nomination. Nomination will be cancelled upon registration of
assignment.
Assignment or nomination will not be permitted where the Policy is
issued under the Married Womens Property Act, 1874.
In the absence of a nomination or assignment, the Death Benefit will be
paid to the Policyholders legal heir subject to production of necessary
documentation evidencing title to the benefits under the Policy.
The Company does not express any opinion on the validity or legality of
the assignment or nomination. The Assignment and Nomination is
effective against the Company only upon registration by the Company.
Disclaimers:
n The brochure is not a contract of insurance. The precise terms and
conditions of this plan are specified in the policy contract.
n Buying a life insurance policy is a long term commitment and early
termination of the policy usually involves high costs and the
surrender value payable, if applicable, may be less than the total
premiums paid.
n This product brochure should be read along with sales Illustration
n This product is underwritten by AEGON Religare Life Insurance
Company Ltd.
n Extra premiums may be charged for heavy smokers or sub-standard
lives.
n Insurance is the subject matter of the solicitation.
n Insurance cover is available under this product.
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.
Non-Disclosure
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.

About AEGON Religare Life Insurance

AEGON, an international insurance, pensions and asset management
company, Religare, Indias leading diversified financial services groups
and Bennett, Coleman & Company, Indias largest media conglomerate,
have come together to launch AEGON Religare Life Insurance
Company Limited (ARLI). This venture is dedicated to build a
customer-centric business and provide a work environment that
fosters excellence and innovation. This joint venture adopts a local
approach with the power of global expertise.
ARLI launched its pan-India operations in July, 2008 following a multichannel distribution strategy with a vision to help people plan their life
better. The fulfillment of this vision is based upon having a complete
product suite, providing customised advice and enhancing the overall
customer experience.
ARLI has launched a suite of products that are focused on providing the
customer with the means to meeting their long-term financial goals. At
the same time, product development has been founded on the tenet of
providing the customer with great value. ARLI products such as iTerm,
iMaximize, Future Protect and Rising Star have been ranked among the
best in terms of value and have attracted many external accolades.
The Indian Insurance Awards, 2013, honoured AEGON Religare Life
Insurance (ARLI) as the E-Business Leader under the category of
Overall Insurance Industry Awards.
AEGON, As an international insurance, pensions and asset
management company based in The Hague, AEGON has businesses in
over twenty markets in the Americas, Europe and Asia. AEGON
companies employ over 23,000 people and have millions of customers
across the globe. In total, the company oversees EUR 466 billion in
revenue-generating investments. AEGONs main operations are in the
United States, the Netherlands and the United Kingdom, but in recent
years the company has expanded into new growth markets in Asia,

Central & Eastern Europe and Latin America. AEGON is one of the
largest insurance companies in the United States, and ranks first in the
Dutch group pensions market and has strong market positions in
individual and group pensions in the UK. The companys shares are
listed on two major stock markets: Amsterdam and New York. AEGON
has more than 160 years of experience with its roots going back to
1844. http://www.aegon.com
Religare Enterprises Limited (REL) is one of Indias leading diversified
financial services groups and offers an integrated suite of financial
services including asset management, life and health insurance,
lending, broking, investment banking, and wealth management.
Religare Enterprises is headquartered in New Delhi and is listed on the
Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in
India. Religare is also building an Asia & emerging markets focused
Institutional equities and Investment Banking business and a multiboutique global asset management platform to tap the broader
opportunities offered by the most promising emerging markets
around the world. http://www.religare.com
Bennett, Coleman & Company Limited
The Times Group is Indias largest media conglomerate with its flagship
Bennett, Coleman and Company Limited (BCCL) being the largest

publishing company in India and South-Asia. Starting off with The

Times of India which is now the largest English publication in the
world, BCCL and its subsidiaries (called The Times of India Group), are
present in every existing media platform Newspapers, Magazines,
Books, TV, Radio, Internet, Event Management, Outdoor Display, Music,
Movies and more. With a turnover exceeding a billion dollars, the group
has the support of over 25,000 advertisers, 11,000 employees and an
audience spanning across all continents. http://www.timesgroup.com
Beware of spurious phone calls and fictitious/fraudulent offers. IRDA
clarifies to public that: IRDA or its officials do not involve in activities
like sale of any kind of insurance or financial products nor invest
premiums. IRDA does not announce any bonus. Public receiving such
phone calls are requested to lodge a police complaint along with details
of phone call, number.

This is a participating life insurance plan.

Product Name: AEGON Religare Educare Advantage Insurance Plan
UIN 138N041V02

Insurance is the subject matter of the solicitation. IRDA Registration No.: 138.
AEGON Religare Life Insurance Company Limited
Registered office: Building No. 3, Third Floor, Unit No. 1, Nesco IT Park,
Western Express Highway, Goregaon (E), Mumbai - 400063. Tel: +91 22 6118 0100,
Fax: 02261180200 / 300, e-mail: customer.care@aegonreligare.com
Website : www.aegonreligare.com
Corporate Identity No. : U 66010MH2007PLC169110
ADVT No. IC/December 2013/1931

V No. I/Feb 2014

For more details

Call 1800 209 9090