Aegon Religare Life Insurance has introduced a new guaranteed return plan, aimed at clients looking for steady returns over the medium term.
Called the Aegon Religare Guaranteed Growth Insurance Plan, the new policy offers a premium paying period of eight years and a policy term of ten years. At the end, customers will get an annual return equivalent to 150% of the premium paid.
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Aegon Religare Life Insurance chief operating officer Yateesh Srivastava said that the Aegon Religare Guaranteed Growth Insurance Plan comes with a simplified proposal form, requires no medical examination and can be issued very quickly.
"It carries with it the benefit of providing a guaranteed return to customers for a period of eight years, after the policy term. It is an ideal plan for a medium-term investor," Srivastava added.
Individuals between the age of 8 and 50 years are eligible to buy the policy. The maximum age at maturity is 60 years.
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