www.aegonreligare.

com

Why settle for less when you can

maximize at a minimum cost?

AEGON Religare iMaximize Plan

A unit linked insurance plan
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT
PORTFOLIO IS BORNE BY THE POLICY HOLDER.
You work hard to give your family nothing but the best. We understand
the effort you put to save every penny for your family’s future. When it
comes to investments, you want to reap the benefits at optimum costs.
At AEGON Religare Life Insurance, our endeavour is to provide you
with newer solutions that give you the best value for money. Keeping
this in mind, we introduce AEGON Religare iMaximize Plan that aims to
maximize your investment by charging you zero premium allocation
charge. It is not only a value for money investment but also provides
you a choice for opting the protection (death benefit) suitable for you.
Moreover, you can avoid the trouble of going through a cumbersome
process and get yourself insured directly, through our direct sales
channels. It is not only simple but also available at your finger tips.
Key Benefits
 No premium allocation charge, thus investing 100% of your
premium
 Option to choose from two investment portfolio strategies
 Special units from 12th policy year till maturity, to boost your
fund value
 Choice of two death benefits for policies under regular premium
 Option to pay your premium through regular mode or single mode
 Option to pay additional premium at no extra cost
Tax benefits as per prevailing tax laws

How does the plan work?
All you need to do is follow these simple steps:
Step 1 : Choose to pay your premiums under regular payment mode or
a one time lump sum as a single premium;
Step 2 : Choose the amount of insurance cover you need
(sum assured);
Step 3 : Decide on the policy term;
Step 4 : Invest your premium in choicest of 3 investment funds OR opt
for the unique ‘Trigger Portfolio Strategy’.
Investment Portfolio Strategies
With AEGON Religare iMaximize Plan you have the option to choose
from two unique portfolio strategies:
1. Trigger Portfolio Strategy
2. Self Managed Portfolio Strategy
Trigger Portfolio Strategy : AEGON Religare iMaximize Plan offers a new Trigger Portfolio Strategy under which the premiums paid are invested in Accelerator
Fund. As soon as the fund value under Accelerator Fund is equal to or more than 110% of all the premiums paid to date, the excess amount will be switched to
Secure Fund. By doing this, the growth that has been achieved in the Accelerator Fund is always protected in the Secure Fund. This check is carried out on a
daily basis as and when the Accelerator Fund is priced. Therefore, the growth is always protected, giving you complete peace of mind.
Self Managed Portfolio Strategy : If you do not wish to invest in Trigger Portfolio Strategy and want to manage the investment on your own, you can opt for
the ‘Self Managed Portfolio Strategy’. Under this strategy, you have the option to invest in any of the three investment funds available in any proportion.
The investment funds are as below:
Fund Type Objective Risk Return Profile Equities Fixed Interest Securities &
Money Market Instruments
Secure Fund Generate attractive investment income while providing the
security of very low volatility risk since asset durations would Conservative 0% 100%
be reasonably small.
Stable Fund Aims to maintain a balance between equity and debt exposure,
to have a stable and attractive long-term return. It will also shift Moderate 20% – 80% 20% – 80%
allocation between debt and equity, to gain from asset price
movements over medium to long-term.
Accelerator Invest in equities of various sectors to diversify the portfolio
Fund and generate attractive returns in the long-term. It also has the Aggressive 80% – 100% 0% – 20%
flexibility to invest in fixed interest assets and money market
instruments up to 20% each.
Discontinuance Policy Fund - If you fail to pay your regular premium during the first 5 policy years, the fund value after deducting the applicable
discontinuance charge moves to this fund. The discontinuance value along with the interest earned is paid after completion of first 5 policy years. Currently the
interest rate is 3.50% p.a.
Benefits
Maturity - On maturity, you receive the fund value existing on maturity date.
Partial Withdrawal - You can partly withdraw your money after the first 5 policy years. The maximum amount of partial withdrawal allowed in any policy year is
20% of the fund value at the beginning of that policy year.
Discontinuance - You can discontinue your regular premium policy any time. Discontinuance value is paid after first 5 years. Discontinuance value is fund value
minus the discontinuance charges of the year in which the premium was discontinued. The charge will depend upon the period for which you have paid your
premium, as given below. There is no discontinuance charge on single premium policies or top-up or if the policy is discontinued after 4 policy years.
Where the policy is discontinued Discontinuance charges for annualised premium Discontinuance charges for annualised premium
during the policy year upto ` 25,000 above ` 25,000
1 Lower of 20% (AP or FV) subject to maximum of ` 3,000 Lower of 6% (AP or FV) subject to maximum of ` 6,000
2 Lower of 15% (AP or FV) subject to maximum of ` 2,000 Lower of 4% (AP or FV) subject to maximum of ` 5,000
3 Lower of 10% (AP or FV) subject to maximum of ` 1,500 Lower of 3% (AP or FV) subject to maximum of ` 4,000
4 Lower of 5% (AP or FV) subject to maximum of ` 1,000 Lower of 2% (AP or FV) subject to maximum of ` 2,000
5 onwards Nil Nil
AP is Annualised Premium and FV is Fund Value
Death - You have the option to choose death benefit if you have opted Key Features Eligibility
for regular premium. Change in Investment Portfolio Strategy - You have the option to Parameter Regular Premium Single Premium
• Death Benefit Option 1: In case of an unfortunate demise of the change the investment portfolio strategy anytime during the Annualised Minimum ` 24,000 • ` 50,000 to ` 69,000
Life Assured, the nominee receives higher of Sum Assured policy term. Premium policy term will be 5 years
(including sum assured increased on account of payment of top-
• ` 70,000 to ` 124,000
up premium) or Fund Value or 105% of all the premiums paid. The Special Units - The special units are added to your account at the end
policy term will be 10 years
policy terminates thereafter. of 12th policy year and every year thereafter, till maturity. The value of
• ` 125,000 & above,
special units would be equal to 0.45% of the average fund value of the
• Death Benefit Option 2: In case of an unfortunate demise during policy term will be 25 years
last 12 months before the allotment of special units.
the term of the policy, the nominee receives the following as death Policy Term 15 / 20 / 25 years
benefit: Premium Re-direction - This feature allows you to alter the premium Premium Equal to the
a) Maximum of sum assured (including sum assured allocation to be applied to your future premiums and top-ups. Payment Term policy term Single pay
increased on account of payment of top-up premium)or 105% Sum Assured
of all premiums paid (including top-up premiums); Switch - This feature helps you shift your investments from one fund Minimum Age < 45 years:
b) All regular premiums due after death of the life assured are to another. Four switches are free of charge in each policy year. Higher of 10 times of
waived i.e. all premiums due after death of the life assured, are Regular AP or (0.5 x 1.25 x Single Premium
paid by the company. If any premium due date, after the death Tax Benefits - The premiums paid and the benefits received under the Policy Term x AP)
of the life assured, has passed before the claim is intimated, the policy will be eligible for tax benefits as applicable from time to time. Age >= 45 years:
due premium is invested. This benefit is known as the Premium Please consult your tax advisor for details. Higher of 7 times of
Continuance Benefit (PCB). Further, irrespective of the Regular AP or (0.25 x 1.10 x Single Premium
investment fund option(s) chosen or investment strategy Other Features Policy Term x AP)
chosen, the fund value is transferred to the Stable Fund on the Top-Up Premium - A Top-Up premium is an additional amount of Maximum 30 x AP. However,
date the claim is intimated. premium over and above the contractual basic premium, with a you have the option
c) An amount equal to the annualised premium is paid to the minimum amount of ` 10,000. You can top-up your premium anytime to choose the multiple 5 x Single Premium
beneficiary at the start of every policy year, following the date after the 1st policy year and apart from the last 5 policy years. of 15 / 20 / 25 times the
of death, till the end of the policy term. This benefit is known as annualised premium
Income Benefit (IB). Free Look Cancellation - If you are not satisfied with the terms and Entry Age Minimum: 7 years
conditions of the policy, you may choose to cancel the policy within 15 Regular Premium
In case of death of the nominee after the death of the life assured: days of receiving the policy documents along with stating the reason Option 1 : 7 years
In case of death of the nominee after the death of the life assured for such cancellation. Upon such cancellation, you will be paid back Regular Premium
before the maturity date, the policy will continue. However, the legal fund value, plus premium allocation charge, plus mortality charge, plus Option 2 : 18 years
heir can ask for discontinuance of the Policy; on discontinuance, the policy administration charge, less stamp duty, less medical reports Maximum: 60 years
legal heir will be paid the fund value plus a lump sum amount equivalent cost, less proportionate mortality charge.
Maturity Age Maximum - 75 years
to A) 75% of the outstanding PCB for the rest of the policy term and
B) 75% of the outstanding IB for the rest of the policy term. Premium Payment Monthly and Annual Single
Grace Period - For payment of premium, you are allowed a grace
Frequency
period of 15 days for monthly mode and 30 days for all other modes
In case of death of the nominee while life assured is alive: from the premium due date. Charges
o Policy continues, provided all the due premiums have been paid
Premium Allocation Charge - There is no premium allocation charge
o The Policy Holder can at any time during the policy term, include Discontinued Policy & Revival - Refer to Terms and Conditions later in for any premium, including top-up.
another nominee this brochure.
Fund Management Charge - This is a charge levied as a percentage of
• Death Benefit for Single Premium is higher of Sum Assured Exclusion - In case of death due to suicide within one year from the the value of assets and is appropriated by adjusting the Net Asset Value
(including sum assured increased on account of payment of top-up date of issue or date of revival (in case of regular premium policies), everyday, when the unit linked funds are priced.
premium) or Fund Value. only fund value is payable and the policy is terminated.
Secure Fund Stable Fund Accelerator Fund The Miscellaneous Charges given above can be increased by the
1.00% p.a. 1.35% p.a. 1.35% p.a. Company but shall not exceed ` 500.

The fund management charges can be increased by the Company after
IRDA approval but shall not exceed 2% p.a. at any point of time.
Policy Administration Charge - This is a monthly charge levied every
month from the policy date at the beginning of policy month from the
policy fund by cancelling units for the equivalent amount from the
opted investment fund/s. The charge is ` 100 per month.
Mortality Charge for base cover - The mortality charge is deducted by
cancellation of units at the beginning of each month of your policy. The
mortality charge will be calculated based on sum at risk which will
include the sum at risk for base cover as well as sum at risk on account of
payment of top-up premium.
Sum at risk for Regular Premium option 1 is defined as higher of Sum
Assured (including sum assured increased on account of payment of
top-up premium) or 105% of all premiums paid to date including
top-ups premiums in excess of fund value (fund value is after deduction
of all charges except mortality charge). Sum at risk for Regular Premium
option 2 is defined as higher of Sum Assured (including sum assured
increased on account of payment of top-up premium) or 105% of all
premiums paid to date including top-ups premiums. Sum at risk for
policies under single premium is defined as higher of Sum Assured
(including sum assured increased on account of payment of top-up
premium) in excess of the fund value (fund value is after deduction of all
charges except mortality charge).
Miscellaneous Charges
Facility Allowance Charges (`)
Terms and Conditions
Partial Withdrawal - This feature is allowed only if the life assured is
more than 18 years of age. All due premiums for the first five years have
to be fully paid. The amount of any partial withdrawal should not be
less than ` 5,000. An amount equal to a minimum of 2 years’ annualised
premium should be maintained as fund balance after any partial
withdrawal. This facility will not be available after death of the Life
Assured.
Death - For Regular Premium Option 1 and Single Premium the amount
of all partial withdrawals made during the period of two years before
the date of death will be adjusted against the Sum Assured payable on
death. If death occurs after attaining age 60, all partial withdrawals
made after attaining age 58, but within the 5-year period before the
date of death will be adjusted against the sum assured payable on
death. Regular Premium Option 1 and 2: if the premiums for the first 5
years have not been paid and the policy is in discontinuance status, the
nominee will receive the fund value in the Discontinuance Policy Fund
along with interest as death benefit. In case of death due to suicide
during first policy year or within one year from the date of revival, only
fund value is payable. In case of death of the proposer, during the
minority of the life assured, the policy will continue. However, the legal
heir of the proposer can continue paying the premiums or discontinue
the policy. On discontinuance, the terms and conditions mentioned
below will be applicable.

Change in
Investment Nil ` 100 per request Top-Up - A 5-year lock-in period is observed from the date of making
Portfolio Strategy the Top-Up. Top-up premium will increase the sum assured subject to
Switch Four switches free in Minimum 0.1% of the underwriting. This facility will not be available after death of the
a policy year. amount switched or Life Assured.
` 500 per extra
switch, subject to Switch and Premium redirection - This facility is not available if Trigger
minimum amount of Portfolio Strategy is opted. This facility will not be available after death
` 100 to be switched of the Life Assured.
Premium Two times free in Minimum ` 200 or
Redirection a policy year maximum of ` 500 Service Tax - Service tax or any other tax shall be levied as per
per extra request prevailing tax laws.
Partial Four times free in ` 200 per extra
Withdrawal a policy year. withdrawal. Discontinuance of premium - (A) Discontinuance of Regular Premium
within five years of the Policy Date
• If any premium is not paid after the grace period, the company will
send a notice to the Policy Holder immediately after the expiry of
the grace period (but not later than 15 days from that date of expiry
of the grace period) to either (a) revive the policy or (b) to
completely withdraw from the policy without any life cover.
• If Policy Holder does not exercise any of the options within 30 days
from the date of receipt of notice (i.e. if Policy Holder does not
respond to the notice sent by the company) or opts for option “b”
then the policy will be discontinued and the discontinuance value
(fund value less discontinuance charge of the year in which
premium was discontinued) will be shifted to the “Discontinuance
Policy Fund”. The company will declare interest rate for this fund
from time to time, which will be guaranteed to be not less than the
interest rate as stipulated by IRDA. Currently, the interest rate
stipulated by IRDA is 3.50% p.a. on compounding basis.
The discontinuance value (along with interest earned) in the
“Discontinuance Policy Fund” will be paid to the Policy Holder after
the lock-in period.
• The life cover will continue till the time the policy is shifted to
“Discontinuance Policy Fund” or revival request is received.
• On revival of the policy, all benefits under the policy will become
payable to the Policy Holder as per the terms and conditions of the
policy from the date of revival.
Discontinuance of Regular Premium after five Policy Years
• If any premium is not paid after the grace period, the company will
send a notice to the Policy Holder immediately after the expiry of
the grace period (but not later than 15 days from that date of expiry
of the grace period) to either (a) revive the policy or (b) to
completely withdraw from the policy without any life cover.
• If Policy Holder does not exercise any of the options within 30 days
from the date of receipt of notice (i.e. if Policy Holder does not
respond to the notice sent by the company) or opts for option “b”
then the policy will be discontinued and the fund value will be paid
to the Policy Holder and policy will cease to exist.
• On revival of the policy, all benefits under the policy will become
payable to the Policy Holder as per the terms and conditions of the
policy from the date of revival.
Method of caluclation of Unit Values (Valuation of Unit Linked
Funds) The unit pricing shall be computed based on whether the
company is purchasing (appropriation price) or selling (expropriation
price) the assets in order to meet the day to day transactions of unit
allocations and unit redemptions.
When Appropriation price is applied: The NAV of a unit linked fund
will be the market value of investments held by the fund plus the
expenses incurred in the purchase of the assets plus the value of any
current assets plus any accrued income net of fund management
charges less the value of any current liabilities less provisions, if any.
This gives the net asset value of the fund. Dividing this by the number of
units existing at the valuation date (before any new units are allocated),
gives the unit price of the fund under consideration.
When Expropriation price is applied: The NAV of a unit linked fund will
be the market value of investments held by the fund less the expenses
incurred in the sale of the assets plus the value of any current assets
plus any accrued income net of fund management charges less the
value of any current liabilities less provisions, if any. This gives the net
asset value of the fund. Dividing this by the number of units existing at
the valuation date before any units are redeemed, gives the unit price
of the fund under consideration.
Units will be created in the Investment Fund/s on receipt by the
Company of the Policy Premium (except First Premium) alongwith a
local cheque/demand draft payable at par at the place where the
premium / application for switch is accepted by us on the
following basis:
• the same day’s closing Unit Price shall be applicable if received
before the Cut-off time (the “Same Day”)
• the next day’s closing Unit Price shall be applicable if received after
the Cut-off time (the “Next Day”)
In respect of Policy Premiums (except First Premium) received with
outstation cheques/demand drafts at the place where the premium is
accepted by us , the closing unit price of the day on which cheques/
demand draft is realized shall be applicable.
In respect of First Premium, the applicable Unit Price will be of the date
of commencement of policy or date of realization of the amount by the
Company, whichever is later.
If the Same Day or the Next Day or the due date of the instalment
premium is not a Valuation Date, then the Company shall apply the Unit
Price of the next immediate Valuation Date.
Units will be cancelled from the Investment Funds, when an applica-
tion (including in respect of claims, discontinuance, maturity, switch,
partial withdrawal) is received by the Company:
• at the same day’s closing Unit Price (the “Same Day”), if received
before the cut-off time.
• at the next day’s closing Unit Price (the “Next Day”), if received
after the cut-off time.
Company will follow the rounding off rules as given under for the
computation of unit price and number of units:
• Unit Price will be computed to four decimal places.
• Number of Units will be computed to six decimal places.
Cut-off time is 3 p.m. as stipulated by IRDA.
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 your death. 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.
(iii) 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.”
Investment Fund Closure / Modification
The Company reserves the right to close / modify any Investment Fund
at any time by giving a three month written notice of its intention to
close/ modify the Investment Fund and from the date of such closure/
modification the Company will cease to create or cancel Units in the
said Investment Fund (‘Closing Investment Fund’). Closure/ modifica-
tion of an Investment Fund will be on the happening of an event which
in the sole opinion of the Company requires the said Investment Fund
to be closed/ modified and such closure / modification of an
investment fund shall be subject to prior approval of IRDA. The
Company will require the Policy Holder who has invested in the Closing
Investment Fund to replace it with another Investment Fund/s
(‘Replacing Investment Fund’) in the format specified by the Company
and before the date specified in the written notice of the Company.
Upon receiving Policy Holders confirmation, units in the Closing
Investment Fund allocated to the Policy will be cancelled on the last
Valuation Date of the Closing Investment Fund. The Company will
create Units in the Replacing Investment Fund/s, with proceeds from
the cancellation of the Units in the Closing Investment Fund on the last
Valuation Date of the Closing Investment Fund.
If the Company has not received the confirmation as above from the
Policy Holder for modification of policy Investment Fund allocation
before the closure of the Investment Fund, the Company will:
Switch policy funds from the Closing Investment Fund to the most
conservative Investment Fund then available; and change Allocation
Proportion in such a way that the percentage of allocation of premium
to the Closing Investment Fund is added to the percentage allocated to
the most conservative Investment Fund option then available.
Currently the most conservative Investment Fund option is Secure
Fund. The Company would however declare the most conservative
Investment Fund option from time to time depending upon its then
current Investment profile.
About AEGON Religare Life Insurance
AEGON, one of the world’s largest life insurance and pension groups,
Religare, one of India’s leading integrated financial services groups and
Bennett, Coleman & Company, India’s largest media house, have come
together to launch AEGON Religare Life Insurance Company Limited.
We launched our pan-India, multi-channel operations in July, 2008
with over 30 branches spread across India. Our business philosophy is
to help people plan their life better. In an industry first, we offer policy
servicing on the phone via Interactive Voice Response System (IVR).
AEGON’s businesses serve over 40 million customers in over 20
markets throughout the Americas, Europe and Asia, with major
operations in the United States, the Netherlands and the United
Kingdom. With headquarters in The Hague, the Netherlands, AEGON
companies employ almost 32,000 people worldwide. It 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 one of the leading integrated
financial services groups of India. It’s business is broadly clubbed
across three key verticals, Retail, Institutional and Wealth spectrum. It
has a pan-India reach in more than 1800 locations, spread across over
490 cities and towns and currently operates from 10 countries globally.
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
For more details
Call 1800 209 9090
sms iMax to 56677
www.aegonreligare.com
Insurance is the subject matter of the solicitation. IRDA Company Registration No. 138
Registered Office: AEGON Religare Life Insurance Company Ltd., 2nd Floor, Paranjpe ‘B’ Scheme,
Subhash Road, Near Garware House, Vile Parle (East) , Mumbai - 400057
Advt. No. IC/January 2011/951
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.
Product Name: AEGON Religare iMaximize Plan UIN - 138L030V01
Risk factors - Unit linked Life Insurance products are different from
the traditional insurance products and as such, are subject to risk
factors  The premium paid in unit linked life insurance policies are
subject to investment risks associated with capital markets and the
NAV’s of the units may go up or down based on the performance of
fund and factors influencing the capital market and the policy holder is
responsible for his/ her decisions  AEGON Religare Life Insurance is
only the name of the Insurance Company and AEGON Religare
iMaximize 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. The various funds offered under this
contract are the names of the funds and do not in any way indicate the
quality of these plans, their future prospects and returns. Please know
the associated risks and the applicable charges, from your insurance
Agent or the Intermediary or policy document of the insurer.
This is a non-participating unit linked savings plan and we do not offer
policy loan in this plan.
V No. i /January 2011