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AEGON Religare Life Insurance today announced the launch of its AEGON Religare Flexi Money Back Plus Insurance Plan.
The AEGON Religare Flexi Money Back Plus Insurance Plan is a product aimed at combining certainty along with returns at regular intervals.
The plan is targeted at customers looking for a simple insurance plan with guaranteed benefits.
This plan offers a choice between three policy terms of 14, 17 and 21 years with a premium payment term of 10, 12 and 15 years respectively.
The minimum entry age is 7 years and maximum age of entry is 60, 58 or 54 years, depending on the tenure of the policy. The maximum age at maturity is 75 years and minimum sum assured is Rs 1,00,000.
For purchasing the plan, one needs to choose the level of protection (sum assured) and choose the policy term. Depending on these factors, the annualised premium is defined which can be paid annually, semi-annually or monthly.
In case of death, it provides the nominee with 200% of the sum assured (capital sum assured) along with the accrued bonus irrespective of the prior pay-outs.
