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Posted on Nov 06, 07:55PM | UNI
AEGON Religare Life Insurance (ARLI) today announced the launch of a term plan called the AEGON Religare Save Guard Insurance Plan.
"The plan provides life cover for the term of the policy and at the end of the policy term and pays back 100 per cent of all premiums paid," the company said in a release.
The product comes with the option of an in-built accidental death benefit wherein case of death in an accident an additional benefit equivalent to the sum assured is paid to the nominee.
The minimum age of entry is 18 years and the maximum is 55 years. The maximum age at maturity is 65, 70 or 75 years for a policy term of 10, 15 or 20 years, respectively.
The minimum sum assured is Rs 2 lakh with minimum annual premium of Rs 2,860. The policy term options are 10, 15 or 20 years.