ET Investors Guide, ULIP Review - AEGON Religare Future protect plan

Wednesday, September 12, 2012

Product Details

Pay less and get maximum gains seems to be the mantra that best describes AegonReligare’s Future Protect Premier Plan. This is a limited premium payment scheme that provides insurance till 70 years of age. It’s a type I scheme that provides up to 50 times the sum assured on payment of just 5 or more premiums. Future Protect Premier is a fairly low priced with four investment options and an Invest Protect Investment Strategy.

Our view

Future Protect Premier is a low – priced low investment plan with high death coverage. It funds have also proved their mettle despite having a short track record. Both equity schemes, Accelerator and stable fund, have safeguarded the fall in returns compared to benchmarks. The flipside of this scheme is that the sum assured (SA) multiple depends on the policyholder’s age. So earlier you opt for the plan, higher is the SA.

Unique Feature

The scheme has a relatively low cost structure. It also offers an Invest Protect Investment Strategy that places the premium invested in various funds based on the policyholder’s age and maturity period.

For Existing Customers

Those already invested in the plan should remain invested as the scheme provides adequate insurance at low cost. However, one is advised to take the invest protect option to safeguard the investment from stock market vagaries.

For those looking to Invest

Those primarily interested in insurance should invest in Future Protect Premier with a premium paying term of five years and maximum insurance available as per one’s age. It is suggested that parents should consider investing for their children at 20 years of age for four times the sum assured.


Retrieve A Quote