AEGON Religare Life unveils new investment plan

Targeting risk-averse customers aiming at a good return over the medium-term, private sector life insurer AEGON Religare Life Insurance Company has unveiled a new investment plan 'AEGON Religare Guaranteed Growth Insurance plan'.

According to the company, the plan offers its customers an 8-year premium paying term and a 10-year policy term. At the end of the period, the customers would get an annual return equivalent to 150% of the premium paid.

Mr. Yateesh Srivastava, COO, AEGON Religare Life Insurance, said, “The plan carries the benefit of providing a guaranteed return to customers for a period of eight years, after the policy term. It is an ideal plan for a medium-term investor who needs the security of growth, without undue risk."

The minimum age required to enter into this plan is 8-years, whereas the maximum age limit is 50-years. And, the maximum age for maturity is 60-years.

Source: http://www.insuringindia.com