Thursday, January 19, 2012
Aegon Religare Life Insurance has launched an Educare plan to provide customers a secure savings platform with an insurance cover along with a waiver of premium option. The plan gives lump sum payouts during the last four policy years. The plan provides guaranteed payouts duringthe last four years of the policy and has two benefits to choose from in case of death. The first option offers sum assured and accrued bonus and guaranteed payoutsduringthe last four policy years. The second option offers stun assured and accrued bonus on the death, guaranteed payouts during the last four years of the policy and 10% of the sum assured, every year, till theend of the premium payment term. The plan offers bonus that forms a part of the guaranteed benefits and is paid in case of maturity or death.