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AEGON Religare Life Insurance Introduces Premier Endowment Insurance Plan
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A savings plan that offers an additional 5% of the sum assured every year

NewZNew (Chandigarh) : AEGON Religare Life Insurance (ARLI) today announced the launch of its AEGON Religare Premier Endowment Insurance Plan. The plan will be available for sale from the third week of December. This plan is aimed at customers who are looking at a guaranteed addition to their savings for achieving their medium to long-term goals. In keeping with AEGON Religare’s product philosophy of offering simple products, the AEGON Religare Premier Endowment Insurance Plan offers the customer a guaranteed addition of 5% of the sum assured, every year, during the premium payment term. Apart from offering a life cover for the entire policy term, it also offers an increase in the benefit amount, every year, by accrual of bonus that commences from the first year.

On the launch of AEGON Religare Premier Endowment Insurance Plan, Mr. Amit Kumar Roy, Chief Distribution Officer of ARLI said, “In today’s day and age, we often plan for goals that we aim at achieving in 10-20 years. It could be for a child’s further education or marriage or for enjoying the luxuries in life. AEGON Religare realized this need of the customer and offers AEGON Religare Premier Endowment Insurance Plan as a solution. This plan is a part of the endeavour to provide a solution for meeting a customer’s medium to long-term commitment by way of offering limited premium payment term and guaranteed additions along with the life cover.”

The AEGON Religare Premier Endowment Insurance Plan offers the following benefits:

  1. It offers guaranteed additions, as 5% of the sum assured, starting from the first policy year at the end of each year of the premium payment term. The pay out of the accumulated guaranteed additions happens along with the benefit payout on policy maturity or death of the life assured, whichever is earlier.
  2. At the end of each year starting from the first policy year, it offers a simple revisionary bonus as a percentage of the sum assured. The bonus once attached to the policy forms a part of the guaranteed benefits and is paid in case of maturity or death, whichever is earlier.
  3. In case of death of the life assured during the policy term, the nominee receives the guaranteed death benefit, the accrued guaranteed additions as well as the accrued revisionary bonus.
  4. As maturity benefit, it offers, the entire sum assured, the accrued guaranteed additions, the accrued revisionary bonus and terminal bonus (if any).
  5. It offers an option of policy loan from the fourth policy year.
  6. The premiums paid and benefits received are eligible for tax benefits under Section 80C and 10(10D) of the Income tax Act, 1961 respectively upon fulfillment of conditions laid down for availing such benefits.The AEGON Religare Premier Endowment Insurance Plan offers an option of choosing the policy term of 10, 15 or 20 years and premium payment term of either paying once or over 5, 10, 15 or 20 years. The minimum age to enter is 18 years, whereas the maximum is 55 years. The minimum annual premium payable under this plan depends on the selection of the policy term and the premium payment term.
Policy Term Option Premium Payment Term Option

Minimum Annual Premium

10 years Single Rs.1,00,000
5 years Rs.37,000
15 years 10 years Rs.20,000
20 years 15 years Rs.15,000
20 years Rs.13,000

There is no limit to the maximum annual premium payable. However, it is subject to underwriting. The premium can either be paid once, or annually, semi-annually or monthly. For purchasing the plan, one needs to simply decide on the combination of policy term, premium payment term, and decide on the annual premium amount. Basis this, the sum assured is calculated and one can buy the policy by filling the proposal form and paying the premium amount.

About AEGON Religare Life Insurance Company

AEGON, an international provider of life insurance, pensions and asset management and Religare, India’s leading diversified financial services groups 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 joint venture adopts 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. ARLI has launched a suite of products that are focused on providing the customer with the means to meeting their long-term financial goals. At the same time, product development has been founded on the tenet of providing the customer with great value. In 2014, the Indian Insurance Awards, honoured ARLI as the ‘E-Business Leader’, for the second year in a row, under the category of Overall Insurance Industry Awards.

About AEGON

AEGON’s roots go back more than 150 years – to the first half of the nineteenth century. Since then, it has grown into an international company, with businesses in more than 25 countries in the Americas, Europe and Asia. In the US, AEGON’s largest market, it operates under the Transamerica brand. Today, AEGON is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. AEGON never loses sight of its purpose to help its customers secure their long-term financial future. Its companies employ more than 27,500 people serving millions of customers around the world. In total, the company oversees EUR 503 billion in revenue-generating investments. The company’s shares are listed on two major stock markets: Amsterdam and New York. http://www.aegon.com

About Religare Enterprises Limited

Religare Enterprises Limited (REL) is one of India’s leading diversified financial services groups and offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management. Religare Enterprises is headquartered in New Delhi and is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India. Religare is also building an Asia & 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. http://www.religare.com

CP Singh
CP Singhhttp://www.cpgrafix.in
I am a Graphic Designer and my company is named as CP Grafix, it is a professional, creative, graphic designing, printing and advertisement Company, it’s established since last 12 years.

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