Thursday, February 23, 2012
Aegon Religare Life Insurance's guaranteed income insurance plan offers long-term life cover along with regular guaranteed income. After the end of the policy's premium payment term, this plan offers the policyholder 7.5% of the sum assured, every year, until the age of 85. On maturity, it offers a life cover till 85 years of age. In case of death, during the premium payment term, it offers either the sum assured along with the accrued bonus or the total premium paid, whichever is higher. After the premium payment term, it offers the sum assured along with the bonus from the end of premium payment term and the terminal bonus, if any. It offers bonus which forms a part of the guaranteed benefits and it is paid in case of maturity or death. The plan offers an optional additional cover through ADDD (Accident Death, Disability, Dismemberment) rider.