AEGON Religare Life Insurance launches new plan

MUMBAI: AEGON Religare Life Insurance today launched a new product ' AEGON Religare Guaranteed Growth Insurance plan, seeking to target risk-averse customers looking at a steady return over the medium-term.

As per the company, the new plan offers the customer an eight-year premium paying term and a ten-year policy term, at the end of which the customer gets an annual return equivalent to 150 per cent of the premium, paid for a period of 8 years.

"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," said AEGON Religare Life Insurance COO Yateesh Srivastava.

The minimum age to enter the policy is eight years, whereas the maximum is 50 years, the company said in a statement, adding that the maximum age for maturity is 60 years.