AEGON Religare Life Insurance launches a term insurance plan

Company Brief

Bangalore, September 7, 2012

AEGON Religare Life Insurance (ARLI) today 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 two death benefit options and an in-built accidental death cover, making it very attractive for customers.

On the launch of AEGON Religare Term Insurance Plan, 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.”

Customers 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% of the sum assured, every month, for a period of five years, making a total payout of 230% 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 three riders:

a. Critical Illness rider that covers nine illnesses.

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

c. 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 `10 lakh. The policy term options are 10, 15, 20, 25, 30, 35, 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.

For further information, please contact:

Adfactors PR

Anghsuman Roy

Mobile: +919742272201

Email: anghsuman.roy@adfactorspr.com