Sakal Times, AEGON Religare Life launches Educare Plan

Thursday, March 1, 2012

KOLKATA: AEGON Religare Life Insurance has announced thelaunch of a new Educare Plan, aiming to help customers go forhigher education through a secured savings platform with aninsurance cover. Apart from a host of other benefits, the newplan would ensure lump sum payouts during the last four policyyears, company sources here on Wednesday informed. QuotingAEGON Religare Chief Marketing Officer YateeshSrivastava,the sources said ¡n view of the frequent rise in cost of highereducation, AEGON Religare will help parents to become well-equipped to meet the needs and aspirations of their children, “Itis important to plan to save in a disciplined manner from todayand be ready for recurring payment.” he said, adding that keeping this in mind AEGON ReligareEducare Plan had launchedthe new plan having the provision of lump sum payouts overfour years. Referring to a number of benefits offered underthe Educare Plan, the sources quoting Srivastava said, in caseof death, it offers two benefits and on maturity ¡t provides 20per cent of the sum assured, which ¡s the last installment of theguaranteed payout along with the accrued bonus besides a highdiscount on sum assured of Rs 500,000 and above. UNI


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