Aegon Religare Endowment Plan A Comprehnsive Cover To Meet Life Uncertainties
We know and understand that the only certain thing about life is its ups and downs. In other words, it is certain that life is uncertain. Anything good or bad can happen in your life that has effect on your life and finance, both. Aegon religare life insurance understands this and offers an insurance plan of endowment scheme. Aegon religare endowment plan is a kind of life insurance plan that assures you about every life uncertainty. This type of life insurance plan offers 200% of the sum assured along with accrued bonus in the unfortunate event of your demise.
In order to avail services of this life insurance, first of all you have to choose the level of protection by determining sum assured. Next, you have to choose the policy term till the time you want to enjoy the policy benefits. At last, you have to select the premium payment term as per your convenience. Depending on the above mentioned options, the premium will be calculated.
With this specific endowment plan, you will be entitled to receive 100% of sum assured or paid up sum assured at the time of maturity of policy as applicable with the accrued simple reversionary bonus. Death benefit is also offered with this plan. In case of unfortunate death of policyholder, his or her nominee will be receiving 200% of the sum assured. Or the nominee can also receive 100% of the paid-up sum assured along with the accrued simple reversionary bonus and the plan cease to exist. The plan also facilitates you by offering life coverage for a period of 5 years from the date of maturity.
In case, policyholder dies during the extended life cover period, then, the beneficiary will get 100% of the sum assured of the policy. This specific benefit can be availed provided the policy should remain in force for full sum assured as on the date of maturity of the policy. There will be a high sum assured discount offered. This means you will be paying lesser life insurance premium if you choose sum assured of Rs. 250, 000 and above. In case, policyholder fails to pay your premiums after 3 years, the policy still continues with the paid-up sum assured in order to facilitate insured person in all aspects. You can apply online for this type of life insurance policy and avail a comprehensive coverat nominal costs.