Aegon Religare Life Insurance launches guaranteed benefits plan.
Aegon Religare Life Insurance on March 4, 2013 announced the launch of its Aegon Religare Assured Returns Insurance Plan. The plan offers customers guaranteed payouts that start after the premium paying term is over.
The payouts are paid out annually for a period equivalent to the premium paying term. The plan comes with two premium paying terms of seven years and ten years, said a press release issued by the company.
The payout period is defined as the period starting from one year after the end of the policy term for a period equal to the policy term.