AEGON Religare unveils Invest Maximiser Plan
Wednesday, 23 September 2009, 17:02 IST
By SiliconIndia
By SiliconIndia
Hyderabad: AEGON Religare Life Insurance has introduced its unit linked insurance plan (ULIP) 'AEGON Religare Invest Maximiser Plan' that is claimed to be the ULIP with the highest internal rate of return (IRR).
According to Rajiv Jamkhedkar, Chief Executive of AEGON Religare, this plan has the lowest charges, which help customers maximize their investments. "The charges are at five percent for the first year and two percent from second to fourth year and no charges from fifth year of the policy," he added.
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 that the life cover is up to five times the annualized premium. The minimum entry age is 90 days and maximum 50 years, with a minimum annualized premium of Rs. 12,000.
According to Rajiv Jamkhedkar, Chief Executive of AEGON Religare, this plan has the lowest charges, which help customers maximize their investments. "The charges are at five percent for the first year and two percent from second to fourth year and no charges from fifth year of the policy," he added.
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 that the life cover is up to five times the annualized premium. The minimum entry age is 90 days and maximum 50 years, with a minimum annualized premium of Rs. 12,000.
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