AEGON Religare Guaranteed Growth Insurance Plan

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AEGON Religare Guaranteed Growth Insurance Plan has features similar to AEGON Religare iGuarantee Insurance Plan. The main difference between the two plans is the term. Unlike ARIIP, this plan is for term of 10 years, and with premium payment term of 8 years. Guaranteed payout is spreads for 8 years, which starts from the end of 10th year. The guaranteed payout would be 150% of premium paid.

 Death benefits: Nominees will have an option to take cash value of SA or can opt for guaranteed payout as per schedule.  The Cash Value of the Death Benefit will be higher of 10 times the annualised premium or 105% of all premiums paid as on date of death or present value of the guaranteed payouts. Policy can be surrender after paying 1st years premium. You can refer to surrender value chart for more detail.
 


Now the returns: Similar to AEGON Religare iGuarantee Insurance Plan, the return is very low. I have explained it in below tables.
My suggestion: Stay away.




Year
Investment
Investment period
Year
Maturity
Return%
1
100000
10 years
End of 10th Year
150000
4.0 appx
2
100000
10 years
End of 11th Year
150000
4.0 appx
3
100000
10 years
End of 12th Year
150000
4.0 appx
4
100000
10 years
End of 13th Year
150000
4.0 appx
5
100000
10 years
End of 14th Year
150000
4.0 appx
6
100000
10 years
End of 15th Year
150000
4.0 appx
7
100000
10 years
End of 16th Year
150000
4.0 appx
8
100000
10 years
End of 17th Year
150000
4.0 appx

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