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Guaranteed Income Plan Launched by Aegon Religare Life

by Lyju Kuruvilla on February 17, 2012 at 10:56 AM
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 Guaranteed Income Plan Launched by Aegon Religare Life

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.

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.

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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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