Hyderabad: Aegon Religare Life Insurance on Tuesday launched its unit linked insurance plan—Aegon Religare Invest Maximiser—which the company claims would give highest rate of return among other such instruments.
This plan has the lowest charges which help customer maximise their investments, Aegon Religare chief executive officer Rajiv Jamkhedkar told media persons here.
“The Aegon Religare Invest Maximiser Plan is aimed at providing the customer with the highest value and is a reiteration of our core strategy of being customer-centric both in terms of products as well as service and overall experience,” Jamkhedkar said.
The Aegon Religare Invest Maximiser Plan offers the lowest premium allocation charge in the industry. The charges are at 5% for the first year and 2% from second to fourth year and no charges from fifth year of the policy, he said.
The company also offers guaranteed special units to the policy holders starting from the end of the 10th policy year, and every third year thereafter, he said, adding the life cover is up to five times the annualised premium.
The minimum entry age is 90 days and maximum 50 years, with a minimum annualised premium of Rs12,000.