Finally a ULIP with zero premium allocation charges by AEGON Religare

“iMaximize” is the new ULIP launched by Aegon Religare Life Insurance Company (ARLI).

This new ULIP plan aims to provide value for money by investing 100% premium amount paid by the policyholder. There is zero premium allocation charge, making it an attractive proposition for ULIP investors.


A customer can opt to pay regular premiums or a onetime lump-sum amount as a single premium. Depending on an individual’s risk appetite, the plan offers 2 unique portfolio strategies aptly named as Trigger portfolio and Self Managed portfolio. Like all ULIPs, there is a lock-in period of 5 years, after which, a policyholder in need of money can make partial withdrawals up to 20% of the fund value. In addition to this, there are 2 Death benefit options. iMaximize plan is available for individuals between 18 to 60 years. Children aged 7 years and above can also be included.


Read a detailed review on AEGON Religare’s iMaximize plan which is a ULIP (Product UIN 138L030V01)


AEGON Religare Life Insurance is a joint venture between the Dutch insurer AEGON, Religare Enterprises and India’s largest media house Bennett, Coleman & Company Ltd with each of them holding 26%, 44% and 30% stakes respectively. The company started its operations in India in July, 2008.


Last year Insurance Regulatory and Development Authority (IRDA) issued new ULIP guidelines that are customer-friendly. Since then, life insurance companies are trying to come up with innovative and attractive ULIPs to rope in new customers. January to March is the period where most customers are frantically looking for good investment options to invest their money, in an effort to save tax. Similarly, many insurance companies are also launching new products this financial quarter. In the present scenario, there are myriad choices available for customers who are looking to invest their money in an insurance policy.