just in case, you’ve forgotten‘you’! women ci rider_2.pdfif you are not satisfied with any of...
TRANSCRIPT
INTRODUCTIONWake up at six. Get the kids packed off to school. Pack lunch
boxes for you and your spouse. Get ready for work. Travel to
and from work. Have a hectic and energy sapping day. Get
home, cook a meal. Have dinner and send the kids to bed. As
a woman of today, you end up doing a lot more without
realising the toll that it takes on your health. Today more
than ever, you, as a woman are susceptible to a lot more
illnesses.
Presenting the Aegon Life Women Care CI, a rider that can
be attached to the base plan so that health worries are the
last thing on your mind. As the old adage goes, “If there is
health, there is hope. If there is hope, there is everything.” So,
when you keep your health issues covered, you can do and
care more for your loved one and nurture the hope for a
better life; a life that is in pace with the fast world.
BENEFIT STRUCTUREThe Aegon Life Women CI 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. When applying for this
rider, both the groups (Group 1 & Group 2) will be provided
subject to the eligibility conditions for each group. The illness
covered and the benefit amounts are as below:
You can claim only once under each benefit group
throughout the Policy Term. Once the claim is made under
any group, the subsequent premium will be reduced by an
amount equal to the premium for the claimed group.
This rider does not provide any benefit on death of the Life
Assured or on maturity of the rider or on surrender of the
rider.
ELIGIBILITY
Group Conditions covered Benefit amount
Group 1 Malignant Cancer of 5% of base Sum Assured
the Female Organs subject to Minimum of
1 lakh and maximum of`
10 lakhs`
Group 2 n Birth of child with 2.5% of base Sum Assured
Congenital Disorders / subject to minimum of
Surgeries 50,000 and maximum` n Pregnancy Complications of 5 lakhs`
Parameter Group 1 Group 2
Entry Age Minimum - 18 years Minimum - 18 years
completed; completed;
Maximum - 65 years Maximum - 35 years
last birthday last birthday
Maximum Maturity Maximum - 75 years Maximum - 40 years
Age last birthday last birthday
Sum Assured 5% of base Sum 2.5% of base Sum
Assured subject to Assured subject to
Minimum of Minimum of
50,000 & 25,000 and` `
Maximum of Maximum of
10,00,000 5,00,000` `
Rider Term* Minimum: 10 years
Maximum: 40 years
Rider term will not exceed the Policy Term.
Premium Payment Equal to the Rider Term
Term
Premium Payment Same as base plan
Frequency
Gender This rider is available to female lives only
OTHER FEATURESFree Look Cancellation:
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) Stamp duty paid and
b) 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.
Option to attach or detach Rider Benefit:
The rider can be added anytime during the Policy year and
the rider can be detached from the next premium due
date after the request has been made. Addition of riders
will be subject to underwriting requirements.
Rider Premium:
The premium rate for this rider will depend upon the age
at entry and the Sum Assured under the base plan.
Rider premium is sum total of premium for group 1
benefit and group 2 benefits. After age 40 premium
applicable only for group 1 benefits will be charged.
Company may change the premium rates on fifth policy
anniversary after clearance of revised rates from IRDAI
and the new premium rates will be guaranteed for next
five years.
Advance Premium:
Advance installment premium will be accepted only for
premium due date with in the same financial year. The
premium so collected in advance shall only be adjusted on
the due date of the premium.
TERMS & CONDITIONS
Definitions:
n Malignant Cancer of the Female Organs: Lump sum
benefits as per the Sum Insured will be payable on diagnosis of any Malignant Cancer of the following
female Organs:
Breast Cervix Uteri Corpus Uteri • • •
• • • Ovary Vulva Vagina
Fallopian Tube•
Definition of Cancer: A malignant tumor characterized by
the uncontrolled growth and spread of malignant cells
with invasion and destruction of normal tissues. This
diagnosis must be supported by histological evidence of
malignancy and confirmed by a pathologist. The term
cancer includes leukemia, lymphoma and sarcoma.
n Birth of child with Congenital Disorders/Surgeries:
Lump sum benefits as per the Sum Assured will be payable
on occurrence of the following events to the child:
Open Heart Surgical Repair of ASD•
Open Heart Surgical Repair of VSD•
Surgical Repair of Tetralogy of Fallot•
Surgical Repair of Transposition of Great Vessels•
Confirmed diagnosis of the Down's syndrome•
n Pregnancy Complications:
Lump sum benefits as per the Sum Assured will be payable
on Pregnancy related Complications as specified below:
On diagnosis of Disseminated Intravascular •
Coagulation (DIC) during pregnancy
On diagnosis of Molar Pregnancy•
On undergoing hysterectomy due to Post partum •
hemorrhage
Definition of Open Heart Surgical Repair:
The actual undergoing of open-heart valve surgery is to
replace or repair one or more heart valves, as a
consequence of defects in, abnormalities of, or disease-
affected cardiac valve(s). The diagnosis of the valve
abnormality must be supported by an echocardiography
and the realization of surgery has to be confirmed by a
specialist medical practitioner. Catheter based techniques
including but not limited to, balloon
valvotomy/valvuloplasty are excluded.
Other Terms & Conditions:
• Service tax on premiums will be payable as per the
applicable tax laws.
• Premium due dates will be the same dates as for the
base plan.
• If a due premium is not paid within the grace period,
the rider will lapse
• The lapsed rider may be reinstated as per the terms
and conditions applicable to reinstatement of the base
plan to which it is attached and the reinstatement
happens along with the base plan.
• Reinstatement period is 2 years from the date of first
unpaid premium. If the rider is not reinstated alongwith
the base Policy, then reinstatement of rider is not
allowed at a later stage. However, a new rider can be
added.
• Sum Assured cannot be changed during the term of the
rider.
Waiting Period
There is a waiting period of 180 days waiting period for
benefits under Group 1 and 1 year for benefits under
Group 2.
Exclusions
• Malignant Cancer of the Female Organs
• Carcinoma-in-situ or tumours histologically
described as pre-malignant or non-invasive including
but not limited to carcinoma-in-situ of the breasts,
Cervical Dysplasia: CIN-1, CIN-2 and CIN-3; vaginal
intra-epithelial neoplasia (VAIN) & Vulvar intra-
epithelial neoplasia (VIN)
• All tumours and cancers in the presence of HIV
infection or conditions due to any Acquired Immune
Deficiency Syndrome (AIDS) All tumours that have
metastasized from organs other than the breast,
fallopian tube, cervix, ovarian, uterus, vagina and
vulva.
• Birth of child with Congenital Disorders/Surgeries:
• Benefit will not be payable for children born before
the policy is taken or within 1 year of policy
commencement.
Birth of child with congenital disorder or •
complication arising when life assured is a carrier of
surrogacy pregnancy is not covered. Benefit is
payable on surgery before age of 18 yrs for the
child subject to policy being in force.
Age of the life assured at delivery of the child •
not be more than 40 years to avail this should
benefit.
Benefit will not be applicable on adoption of child •
child born from a surrogate mother or
Pregnancy Complications:•
Benefit will not be payable within 1 yr of Policy •
commencement
Any disseminated intravascular coagulation arising •
during the first 7 months of pregnancy will not be
covered
Age of the Life Assured should not be more than 40 •
years to avail this benefit.
Any complication arising from surrogacy or fertility •
treatment including in-vitro fertilizations.
ASSIGNMENT AND NOMINATION
Assignment: Allowed as per section 38 of the Insurance
Act 1938 as amended from time to time
Nomination: Allowed as per section 39 of the Insurance
Act 1938 as amended from time to time
Prohibition of Rebates
Section 41 of the Insurance Act, 1938 (as amended from
time to time) 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 Rs. 10 Lakh.
Non-Disclosure
Section 45 of the Insurance Act, 1938 (as amended from
time to time) states:
1) No Policy of Life Insurance shall be called in question
on any ground whatsoever after expiry of 3 yrs from the
date of date of policy i.e. from the date of issuance of
policy or the date of commencement of risk or the date
of revival of policy or the date of rider to the policy,
whichever is later.
2) On the ground of fraud, a policy of Life Insurance may
be called in question at any time within 3 years from the
date of issuance of policy or the date of commencement
of risk or the date of revival of policy or the date of rider
to the policy, whichever is later. For this, the insurer shall
have to communicate in writing to the insured or legal
representative or nominee or assignees of insured, as
applicable, mentioning the ground and materials on which
such decision is based.
For full texts of Section 38, Section 39 and Section 45,
please refer to the Insurance Act, 1938 (as amended from
time to time).
Disclaimer
• This product brochure should be read along with
the benefit Illustration. The brochure is not a
contract of insurance. The precise terms and
conditions of this plan are specified in the policy
contract.
• This product is underwritten by Aegon Life
Insurance Company Ltd.
• Sub-standard lives may be charged extra premiums
as per the insurer’s underwriting policy
• Insurance is the subject matter of the solicitation
• Insurance cover is available under this product
ABOUT AEGON LIFE INSURANCEAegon Life Insurance Company Limited (formerly AEGON
Religare Life Insurance Company Limited) launched its
pan-India operations in July, 2008 following a multi-channel
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.
Aegon, an international provider of life insurance, pensions
and asset management and Bennett, Coleman & Company,
India's leading media conglomerate, have come together
to launch Aegon Life Insurance. This joint venture adopts a
local approach with the power of global expertise to
launch products that are focused on providing customers
with the means to meeting their long-terms financial goals.
The company is headquartered in Mumbai having 53
branches across 46 cities. The company has around 9600
life insurance agents serving over 4 lakh customers across
India.
ABOUT AEGONAegon's roots go back 170 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. In the US,
Aegon's leading market, it operates under the Transamerica brand. Today, Aegon is one of the world's leading financial services organizations, providing life insurance, pensions and asset management. Aegon never loses sight of its purpose to help its customers secure their long-term financial future. With around 28,000 employees, it has 635 billion Euros of revenue-generating investments.
ABOUT BENNETT, COLEMAN & COMPANY LIMITEDThe Times Group is one of the leading media conglomerate in India having presence in print, radio, TV, outdoor media and the internet through Bennett, Coleman and Company Limited (BCCL) and its subsidiaries. The Times of India, the flagship brand of the company, is the number 1 English newspaper in India and the World by circulation. 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.
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Trade logo displayed belongs to M/s Aegon N.V. and M/s Bennett, Coleman and Co. Ltd. and used by Aegon Life Insurance Co. Ltd. under trade agreement.
Registered Office:Aegon Life Insurance Company Ltd., IRDAI Company Registration No. 138Corporate Identity No. : U 66010MH2007PLC169110 Building No. 3, Third floor, Unit No. 1, NESCO IT Park, Western Express Highway,Goregaon (E), Mumbai 400 063.Tel: +91 22 6118 0100, Fax: 02261180200 / 300,e-mail: [email protected] Advt no. IC/Dec 2015/2881
Product Name: Aegon Life Women CI Rider Plan, UIN 138B005V02This is a non-linked non-participating term insurance planFor more details: Call (Toll Free) 1800 209 9090www.aegonlife.com
Beware of spurious phone calls and fictitious/fraudulent offers. IRDAI clarifies to public that: IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.