AEGON Religare Life Insurance Launches Money Back Plan

Dec. 12, 2010 - PRLog -- AEGON Religare Life Insurance announced the launch of its AEGON Religare Money Back Plan. This plan provides customers a simple life insurance plan with guaranteed benefits at the end of the policy term and money back at specified intervals pre-maturity.

On the launch of AEGON Religare Money Back Plan, Mr Yateesh Srivastava, Chief Marketing Officer of AEGON Religare said, “This plan is aimed at allowing customers to make provisions for some intermittent financial needs with a certain amount of certainty as they know exactly what will be due both at the money back stage as well as the maturity of the plan.. We felt a strong customer need for a traditional plan with guaranteed benefits and intermittent paybacks also of a guaranteed nature. This plan has been designed to reiterate our core strategy of being customer-centric, both in terms of products as well as service and overall experience. We believe this product is suited to a certain customer need and we are excited about the product.”

The AEGON Religare Money Back Plan is a ten year plan with a premium payment term of 5 years. Once customers stop paying premium after 5 years they will receive 10% of the Sum Assured on completion of the 6th year and 15% of Sum Assured on completion of the 8th year. The policy matures on completion of 10 years and customers get a minimum benefit of 100% of the sum assured depending on the sum assured. The maximum return is 110% of the sum assured.

The AEGON Religare Money Back Plan offers the following benefits.

1.   It provides protection for 10 years while you pay premium only for five years.
2.   It provides the customer with money back at the end of the 6th and 8th policy year.
3.   Incase of Death, it provides the nominee with 100% of Sum Assured irrespective of prior payouts.
4.   The policy does not lapse if premium is paid for a period of 3 years.
5.   It offers an optional additional cover through ADDD Rider (Accident Death, Disability, Dismemberment)
6.   It also offers a loan against the policy.

The minimum entry age is 8 years and maximum being 60 years with a premium paying term of 5 years. It has a fixed policy term of 10 years.

To know more about the money back plans offered by Aegon Religare, Visit our website http://www.aegonreligare.com/savings-plans/savings-plan.php

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AEGON Religare Life Insurance Company is a leading life insurance company in India, offers life insurance, term insurance, savings - investment plans, health insurance and ULIP plans.