The company claims it to be a ULIP with the highest IRR
AEGON Religare Life Insurance has introduced its unit linked insurance plan, AEGON Religare Invest Maximiser Plan. The company claims it to be a ULIP with the highest IRR in the industry – reported Business Standard.
Reportedly, the AEGON Religare Invest Maximiser Plan provides a low premium allocation charge. 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.
Rajiv Jamkhedkar, CEO of AEGON Religare, said: “This plan has the lowest charges which help customer maximise their investments. 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.”
The company intends to offer guaranteed special units to the customers starting from the end of the 10th policy year, and every third year thereafter. The life cover is up to five times the annualised premium. The minimum age criterion for entry is 90 days and the maximum 50 years, with a minimum annualised premium of INR12,000, quoted the newspaper.