AEGON Religare Life Insurance: Launches Term Insurance Plan

AEGON Religare Life Insurance (ARLI) announced the launch of an innovative term plan called the AEGON Religare Term Insurance Plan. This plan comes with a host of innovative features, which include 2 death benefit options and an in-built accidental death cover, making it very attractive for customers.

Mr. Yateesh Srivastava, Chief Marketing Officer of AEGON Religare Life Insurance said, “Since inception AEGON Religare has laid stress on protection products and has worked towards providing simple protection products aimed at various segments. With growing uncertainty and diminishing social support systems, term insurance is the most cost effective way to secure the financial future for the family. A term plan is a must-have in the financial portfolio of every individual with financial liabilities and responsibilities. A term plan acts as an income replacement and a lifestyle preservation policy for the family of the insured. The AEGON Religare Term Insurance Plan is one more step in offering a comprehensive suite of protection products.”

Mr. Yateesh Srivastava

Should consider buying the AEGON Religare Term Insurance Plan for the following reasons:

1.    It provides a choice of two death benefit options:

a.   Option 1 – Pays out the entire sum assured on death of the insured.

b.   Option 2 – Pays out half of the sum assured on death of the insured. Thereafter, it pays out 3 per cent of the sum assured, every month, for a period of five years, making a total payout of 230 per cent of the sum assured.

2.    It has an in-built accidental death cover, equal to that of the sum assured.

3.    It offers life cover up to age 75 years.

4.    It gives an option to add 3 riders:

c.   Critical Illness rider that covers nine illnesses.

d.   Woman Care rider that covers illnesses pertaining to women.

e.   Total and Permanent Disability rider that covers permanent disability.

5.    It provides tax benefits.

The minimum age of entry is 20 years and the maximum is 65 years. The maximum age at maturity is 75 years and the minimum sum assured is Rs. 10 lakh. The policy term options are 10, 15, 20, 25, 30, 35 and 40 years or cover upto 75 years of age. The premium payment term is equal to the policy term.

The steps to buy the plan are simple. One needs to choose the level of protection (sum assured), the death benefit option and the policy term. Depending on these factors, the annualised premium is defined which can be paid annually, semi-annually or monthly.

About AEGON Religare Life Insurance Company..!

AEGON, an international life insurance, pension and investment company, Religare, a global financial services group and Bennett, Coleman & Company, India’s largest media house, have come together to launch AEGON Religare Life Insurance Company Limited (ARLI). This venture is dedicated to build a customer-centric business and provide a work environment that fosters excellence and innovation.

This JV (joint venture) will adopt a local approach with the power of global expertise. ARLI 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.

About AEGON..!

As an international provider of life insurance, pension and asset management, AEGON has businesses in over twenty markets in the Americas, Europe and Asia. With headquarters in The Hague, the Netherlands, AEGON companies employ above 25,000 people and serve more than 47 million customers across the globe. AEGON had more than EUR 420 billion in revenue-generating investments around the world at the end of 2011. As a part of its strategy, AEGON is investing in new and upcoming markets like India, China and Brazil. The company’s common shares are listed on two stock exchanges: Amsterdam and New York. AEGON has more than 160 years of experience with its roots going back to 1844. AEGON holds 26% equity in ARLI. http://www.aegon.com

About Religare Enterprises Limited ..!

Religare Enterprises Limited (REL) is a leading emerging markets financial services group anchored in India. In India, REL offers a wide array of services including broking, insurance, asset management, lending solutions, investment banking and wealth management. With a network of over 2,200 business centres across 550 plus locations, and more than a million clients, REL enjoys a dominant presence in the Indian financial services space. It has also built an Asia and emerging markets focused Institutional equities and Investment Banking business and a multi-boutique global asset management platform to tap the broader opportunities offered by the most promising emerging markets around the world. REL holds 44% equity in ARLI. http://www.religare.com

For further information, contact:

Suman Purohit, AEGON Religare Life Insurance                

suman.purohit@aegonreligare.com                                                            

+91 9819621945                                               

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Tel No: 044 28297497                

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