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AEGON Religare Insurance has launched iIncome Plan
AEGON Religare Insurance has launched iIncome Plan
Aug 04, 2015 | 400 VIEWS
AEGON Religare Insurance has launched iIncome Plan, it is a non-linked, non-participating term assurance plan that offers guaranteed monthly income and protection both, the plan ensures that the family has a regular income in absence of policy holder, it also has Inbuilt disability benefit which covers income in case of disability. To enhance the protection, policy holder can add Critical illness Rider that covers 4 major critical illnesses – Cancer, Coronary Artery Bypass Surgery, Heart Attack, and Stroke.

iIncome plan key benefits at a glance:-
  • Simplified online buying process
  • Immediate Lump sum payment on death
  • Increasing monthly income
  • Covers against both death and disability
  • Critical Illness rider – premium waiver after diagnosis
iIncome plan Eligibility conditions :-
 

Particulars

Minimum

Maximum

Entry Age (in years)

25

50

Initial Monthly Income (in Rs.)

30,000

No limit

Maturity Age (in years)

60

Policy Term (in years)

60

Premium Payment Term (in years)

Equal to policy term

Premium Payment Frequency

Annual, semi-annual, and monthly


AEGON Religare Life Insurance Company (ARLI) in India is a joint venture between AEGON (26%), Religare Enterprises Limited (44%) and Bennett, Coleman & Company (30%). AEGON Religare was the pioneer in digital space, the first insurer to launch online term plan which is one of the cheapest term insurance plan available in India. The insurer has won e-business leader award thrice in a row – for the year 2013, 2014, and 2015. 

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