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Private life insurer Aegon Religare Life today launched an assured returns insurance plan which offers guaranteed payouts once the premium paying term is over.
“The Aegon Religare assured returns plan has the benefit of providing a guaranteed return to customers for a period equivalent to the premium-paying term, once all premia have been paid. It comes with two premium payment terms of seven years and 10 years,” Aegon Religare Chief Marketing Officer, Yateesh Srivastava said in a statement.
The plan offers maturity benefit in the form of a guaranteed percentage of the annual premium.
Once the policy term of seven years or ten years is over, at the end of each year, it offers 150 per cent or 175 per cent of the annual premium, for the number of years equal to the policy term, he said.
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