AEGON Religare Life Insurance Launches Assured Returns Insurance Plan

    AEGON Religare Life Insurance Launches Assured Returns Insurance Plan

  PR Newswire

  MUMBAI, March 8, 2013

MUMBAI, March 8, 2013 /PRNewswire/ --

A Life Insurance Plan That Offers Guaranteed Benefits Over Time

AEGON Religare Life Insurance (ARLI) recently announced the launch of its
AEGON Religare Assured Returns Insurance Plan. This plan is meant for
customers who are looking at safe and secured returns with very little risk.
The plan is very simple in its construct and offers the customer guaranteed
payouts that start after the premium paying term is over. The payouts are paid
out annually for a period equivalent to the premium paying term. The plan
comes with two premium paying terms of seven years and ten years.

On the launch of AEGON Religare Assured Returns Insurance Plan, Mr. Yateesh
Srivastava, Chief Marketing Officer & Head - Talent of AEGON Religare said, "
This plan is part of an endeavor to provide simple, easy to understand and
uncomplicated products to our customers. The AEGON Religare Assured Returns
Plan comes with a simplified proposal form and requires no medical examination
and can be issued very quickly. It carries with it the benefit of providing a
guaranteed return to customers for a period equivalent to the premium paying
term, once all premiums have been paid. It comes with two premium payment
terms of seven years and ten years. It is an ideal product for those customers
who are looking for steady guaranteed returns over a period of time. "

The AEGON Religare Assured Returns Insurance Plan offers the following
benefits:

1.It offers maturity benefit in the form of a guaranteed percentage of the
    annual premium. After the end of the policy term of seven years or ten
    years, at the end of each year, it offers 150% or 175% of the annual
    premium, for the number of years equal to the policy term. 
2.In case of death of the life assured during the policy term, the future
    premiums are waived-off and the nominee receives the guaranteed payout, as
    scheduled, during the payout period. It also offers an option to the
    nominee to take the present value of the future payout at any point in
    time, during the policy term. 
3.The policy does not lapse if the premium is paid for a period of two years
    as it continues with the paid-up sum assured. 
4.It offers tax benefits.

The AEGON Religare Assured Returns Insurance Plan offers a choice between two
policy terms of seven and ten years, with a premium payment term equal to the
policy term. The minimum age to enter is 25 years, whereas the maximum is 53
or 50 years, depending on the tenure of the policy. The maximum age at
maturity is 60 years. The minimum annual premium for those less than 45 years
is Rs 25,000 with a maximum of Rs 2,50,000 p.a. For those above 45 years of
age, the minimum premium is Rs 40,000, with a maximum of Rs 2,50,000 p.a. For
purchasing the plan, one needs to choose between a policy term of seven and
ten years and then decide on the annual premium amount.

About AEGON Religare Life Insurance Company

AEGON, an international life insurance , pension and investment company,
Religare, a global financial services group and Bennett, Coleman & Company,
India's largest media house, have come together to launch AEGON Religare Life
Insurance Company Limited (ARLI). This venture is dedicated to build a
customer-centric business and provide a work environment that fosters
excellence and innovation. This joint venture will adopt a local approach with
the power of global expertise. ARLI launched its pan-India operations in July,
2008 following a multi-channel distribution strategy with a vision to help
people plan their life better. The fulfillment of this vision is based upon
having a complete product suite, providing customised advice and enhancing the
overall customer experience. ARLI has launched a suite of products that are
focused on providing the customer with the means to meeting their long-term
financial goals. At the same time, product development has been founded on the
tenet of providing the customer with great value. ARLI products such as iTerm,
iMaximize, Future Protect and Rising Star have been ranked among the best in
terms of value and have attracted many external accolades.
http://www.aegonreligare.com/

About AEGON

As an international provider of life insurance, pension and asset management,
AEGON has businesses in over 20 markets in the Americas, Europe and Asia. With
headquarters in The Hague, the Netherlands, AEGON companies employ over 25,000
people and serve more than 47 million customers across the globe. In total,
the company oversees EUR 463 billion in revenue-generating investments. As a
part of its strategy, AEGON is investing in new and upcoming markets like
India, China and Brazil. AEGON is one of the largest insurance companies in
the United States, and ranks first in the Dutch group pensions market and
third in the UK individual pensions markets. The company's shares are listed
on two major stock markets: Amsterdam and New York. AEGON has more than 160
years of experience with its roots going back to 1844. AEGON holds 26% equity
in ARLI. http://www.aegon.com

About Religare Enterprises Limited

Religare Enterprises Limited (REL) is one of India's leading diversified
financial services groups and offers an integrated suite of financial services
including asset management, life and health insurance , lending, broking,
investment banking, and wealth management. Religare Enterprises is
headquartered in New Delhi and is listed on the Bombay Stock Exchange (BSE)
and National Stock Exchange (NSE) in India. Religare is also building an Asia
and emerging markets focused Institutional equities and Investment Banking
business and a multi-boutique global asset management platform to tap the
broader opportunities offered by the most promising emerging markets around
the world. REL holds 44% equity in ARLI. http://www.religare.com

Primary Media Contact: Suman Purohit, suman.purohit@aegonreligare.com ,
91-9819621945

Contact: PRN