Guaranteed Income Plan Launched by Aegon Religare Life

by Lyju Kuruvilla on  February 17, 2012 at 10:56 AM Health Insurance News
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A guaranteed income insurance plan was launched by the private life insurer Aegon Religare Life. This plan offers life cover on a long-term basis and also guarantees regular income of 7.5% of the assured sum annually.
 Guaranteed Income Plan Launched by Aegon Religare Life
Guaranteed Income Plan Launched by Aegon Religare Life

Chief Financial Officer K. S. Gopalakrishnan said that with the present times being uncertain, there is a strong customer need for a guaranteed income plan which offers a good life cover and also regular payouts to meet day-to-day needs.

This plan was also a good way to battle the ill effects of inflation and get life cover as well. The policyholder is offered an assured annual return of 7.5% of the assured sum after the end of the policy's premium payment term until the age of 85.

Source: Medindia

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