On Monday, private life insurer Aegon Religare Life Insurance (ARLI) announced the launch of a traditional plan with guaranteed benefits — Flexi Money Back Plus Insurance Plan. Mr. Yateesh Srivastava, Chief Marketing Officer & Head (Talent), said in a statement, “The investment climate remains uncertain and volatile. In such times customers seek shelter in products that provide guarantees. At the same time the money back component of the plan allows for a cash flow at regular and pre-determined intervals."
“In addition to the guaranteed returns customers can also look forward to an upside through accrued bonuses from the first year onward," he added. Aegon Religare, under this plan, offers lot more apart from guaranteed returns. It offers extended life cover that goes beyond the premium payment term, rider that can be added to the plan, to provide extra cover in case of death due to an accident, bonus, guaranteed pay-outs, 40 % of the Sum Assured as maturity benefit at the end of the policy term.
To buy this product, the minimum entry age is 7 yrs. and maximum is 60, 58 or 54 yrs., depending on the tenure of the plan. Whereas, the maximum entry age at maturity is 75 yrs. The minimum Sum Assured is Rs 1,00,000 and the minimum annual premium is Rs 13,033. AEGON Religare Life Insurance Company in India is a joint venture between AEGON (26%), an international life insurance, pension and investment company; Religare Enterprises Limited (44%), a global financial services group; and Bennett, Coleman & Company (30%).
“In addition to the guaranteed returns customers can also look forward to an upside through accrued bonuses from the first year onward," he added. Aegon Religare, under this plan, offers lot more apart from guaranteed returns. It offers extended life cover that goes beyond the premium payment term, rider that can be added to the plan, to provide extra cover in case of death due to an accident, bonus, guaranteed pay-outs, 40 % of the Sum Assured as maturity benefit at the end of the policy term.
To buy this product, the minimum entry age is 7 yrs. and maximum is 60, 58 or 54 yrs., depending on the tenure of the plan. Whereas, the maximum entry age at maturity is 75 yrs. The minimum Sum Assured is Rs 1,00,000 and the minimum annual premium is Rs 13,033. AEGON Religare Life Insurance Company in India is a joint venture between AEGON (26%), an international life insurance, pension and investment company; Religare Enterprises Limited (44%), a global financial services group; and Bennett, Coleman & Company (30%).
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