Private insurer AEGON Religare Life Insurance (ARLI) recently launched a term insurance plan that provides two death benefit options and an in-built accidental death cover.
“With growing uncertainty and diminishing social support systems, term insurance is the most cost effective way to secure the financial future for the family. The AEGON Religare Term Insurance Plan is one more step in offering a comprehensive suite of protection products,” ARLI Chief Marketing Officer Yateesh Srivastava said in a release.
The minimum age of entry to avail the plan is 20 years and the maximum is 65 years. While the maximum age at maturity is 75 years and the minimum sum assured is Rs 10 lakh.
The term options under the plan ranges from 10 years to 40 years, or cover up to 75 years of age.
The plan also provides life cover up to age of 75 years besides giving an option to add three riders like critical illness, woman care, total and permanent disability rider besides tax benefits.
ARLI is a joint venture between AEGON, an international life insurance, pension and investment company, Religare, a global financial services group and Bennett,
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