AEGON Religare Life has launched a child plan – ‘Educare’. This plan provides the insured with lump sum payouts during the last four policy years.
This plan has got two types of benefit payout options in case of the insured unfortunate demise –
Option 1:
In case of your unfortunate demise, your nominee will receive the following:
1- Sum Assured
2- The accrued bonus
3- Guaranteed payouts as per the schedule above
Option 2:
In case of your unfortunate demise, your nominee will receive the following:
1- All of the above in Option 1 and
2- An amount equal to 10% of the sum assured every year till the end of the premium paying term