Private life insurer AEGON Religare Life Insurance (ARLI) has launched first online guaranteed insurance plan, iGuarantee Insurance Plan, for indian customers who are looking for simple and guaranteed insurance solutions.
The new insurance plan will offer maturity benefit in the form of a yearly guaranteed payout, which is 135% of the annual premium, for a period of six years starting after the policy term.
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In this plan, the nominee will be offered with an option of taking cash value of the death benefit at any point during the policy term.
The policy does not lapse if the premium is paid for at least a year as it continues with the paid-up sum assured and offers tax benefits.
ARLI executive director, KS Gopalakrishnan, said: The iGuarantee plan is part of our endeavor to provide simple and uncomplicated products to our customers at their convenience. The AEGON Religare iGuarantee Insurance Plan comes with a simplified 3-question proposal form, requires no medical examination and can be issued very quickly."
ARLI chief operating officer, Yateesh Srivastava, added: "The AEGON Religare iGuarantee Insurance Plan is targeted to the ‘New Age’ customer who prefers a convenient, hassle-free and a non-intermediated process while buying any financial product."
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