AEGON Religare Life launches term plan 'Save Guard Insurance'

AEGON Religare Life Insurance (ARLI) has launched a term plan - Save Guard Insurance Plan - that provides life cover and at the end of the policy term, returns the entire premium paid.

The AEGON Religare Save Guard Insurance Plan comes with the option of an in-built accidental death benefit, wherein case of a death in an accident, an additional benefit equivalent to the sum assured is paid to the nominee.

Salient Features of 'Save Guard Insurance' Plan
1- Return of all premiums paid on maturity
2- Death Benefit options - with and without Accidental Death Benefit i.e. payout on death due to accident
3- Choice of adding the AEGON Religare CI Rider (covers nine illnesses)
4- The minimum age of entry is 18 years and the maximum is 55 years, while the maximum age at maturity is 65, 70 or 75 years for a policy term of 10, 15 or 20 years, respectively.
5- The minimum sum assured is Rs 2 lakh and maximum no limit (subject to underwriting).
6- The policy offers terms of 10, 15 or 20 years.