Aegon Religare Life Insurance Company has launched a new child insurance plan ‘Educare’, with the objective to provide a secured savings platform to meet higher education expenses.
'Educare' is traditional life insurance plan which provides guaranteed payouts during the last 4 years equivalent to a total of 120% of the Sum Assured. In the last 4 years of the policy term, 50%, 25%, 25% and 20% of Sum Assured shall be paid respectively. On maturity, bonuses shall also be paid by the company.
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