AEGON Religare Insurance has launched iIncome Plan, it is a non-linked, non...
After tasting success with iTerm and iMaximize, AEGON Religare Life Insurance (ARLI) has launched another online insurance plan called iGuarantee Insurance Plan. AEGON Religare iGuarantee Insurance plans is a savings plan which offers guaranteed returns.
Some of the USPs of the plan are as follows:
- Guaranteed returns on maturity - 135% returns on annualized premium paid
- Limited premium payment term of 6 yrs
- No medicals
- Guaranteed death benefit of SA = 10x Annualized premium
- Can be easily bought online
If the policyholder dies then the future premiums under this policy are waived. The nominee receives the guaranteed payouts, as scheduled. The nominee also has an option to take the cash value of the death benefit at any point during the policy term.
At the launch Executive Director of AEGON Religare KS Gopalakrishnan said, “We pioneered the online space in life insurance and we would like to maintain our leadership position by offering an expanded suite of products. iGuarantee offers guaranteed returns for a period of six years, after the policy term. It is an ideal plan for a medium-term investor who needs the security of growth, without undue risk. It is a short premium paying term plan that allows customers to enhance savings”
AEGON Religare became a pioneer in the life insurance online space by launching India’s first online term plan. They further expanded their online portfolio by launching iMaximize (ULIP) and iHealth. And now they have launched iGuarantee which can be purchased online without going for any medical tests.