AEGON Religare Assure Plan

Name of Policy

AEGON Religare Assure Plan

Type of Policy

ULIP Endowment

Various Investment Options

Equity & Equity Derivatives* 

0% - 100%

Fixed Interest Securities and Money Market Instruments


0% - 100%




Entry age

Minimum: 7 ; Maximum: 70 years

Maturity Age

Max: 80 years

Policy Term(Fixed)

10 Years                                     

Premium Payment Term

5 / 10

Premium Payment Term

Annual, Semi Annually and Monthly



5 Years

10 Years


Rs 25,000

Rs 20,000

Half yearly


Rs 30,000



Rs 36,000

Minimum Sum Assured

Age less than 45 years

Min SA: 10 times Annualized Premium

Age more than 45 years

Min SA: 7 times Annualized Premium

Maximum Sum Assured


Age less than or equal to 50 years

15 times annualized premium

Age greater than 50 years

7 times annualized premium

Top-Up Premium

Min: Rs 5,000

Top-Up Sum Assured

Top-up premium will increase the sum assured subject to






Premium Allocation Charge (on regular premiums)


Year 1       

Year 2-5       

Year 6 onwards

5/10 year




Policy Administration Charge

Annualized Premium                                         


Monthly charge

(as % of Annualized Premium)

20,000 – 29,999

30,000 – 35,999

36,000 & above




This charge will not increase more than Rs. 500 per month.

Fund Management Charge (FMC)

The Fund Management Charge for the NAV Protector Fund is


The Fund Management Charges can be increased by the company after IRDA approval but shall not exceed 2.00% p.a. at any point in time.

Cost of Guarantee

An additional charge of 0.10% will be charged against the cost of Guarantee.

Partial Withdrawal Charge

You have the option to make four free partial withdrawals in each policy year. Any subsequent partial withdrawal will attract a fee of Rs. 200 which will be collected by cancellation of units as and when you make the withdrawal. These charges may increase in future subject to clearance from the IRDA, but shall never exceed Rs. 500.

Life Cover



Let us assume a simple case:

  •      Your age: 30 years
  •      Sum assured: -10 times of Regular AP
    •      25000*10= Rs 2,50,000
  •      Policy term: 10 years
  •      Premium: Rs. 25,000 p.a.

The life insurance component is miniscule, not exceeding 10 times your annual premium. If you really want life insurance, a good term plan will give you life insurance of about 500 times your annual premium – so you would rather avoid the fund.

Let’s see what you get:

  •       life cover plus Investment
  •       Of your first year premium of Rs. 25,000 p.a.. 4.735%+ Mortality charge is removed. Most of this goes to your agent’s pocket. Only the remaining gets invested in the fund.
  •      Of your 2-5 year premium of Rs. 25,000 p.a. 3.335%+ Mortality charge gets removed again. Most of this again goes to your agent, and only the remaining gets invested.
  •       In addition to this, of your total fund, the fund management charge of ~1.35% is cut every year
  •      Instead, if this Rs. 25,000 p.a. had gone into a Systematic Investment Plan in a Mutual Fund, giving a return of approximately 15% a year on a five year average, not a single Rupee would have been deducted as policy charges. It would not take a mathematician to deduce that the returns here will be much better.


In summary, investments can deliver returns only if the costs are not so high.

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