AEGON Religare iMaximize ULIP Plan

Mr. Yateesh Srivastava
AEGON Religare Life Insurance today announced the launch of an online protection plan on a ULIP (unit-linked) platform called the AEGON Religare iMaximize Plan. This plan is available exclusively online and is specially targeted at HNI (High Net-worth Individuals) who are looking at protection of both, life as well as their goals and aspirations.

The AEGON Religare iMaximize Plan can be bought online within 10-12 minutes by visiting buyonline.aegonreligare.com

Speaking on the occasion of the launch of AEGON Religare iMaximize Plan, Mr. Yateesh Srivastava, Chief Marketing Officer, AEGON Religare said, “The growth of an internet consuming population, eCommerce and the success of our first product offering on the eSales platform - AEGON Religare iTerm Plan, makes us confident that the online space will emerge as a significant channel of distribution in life insurance. The AEGON Religare iMaximize Plan is targeted to the ‘New Age’ customer who prefers a convenient, hassle-free and a non-intermediated process while buying any financial product."

He also said, ''This comprehensive plan offers protection for life as well as protection for his dreams and goals. This is achieved through a ‘triple-benefit option’ which in case of death pays the sum assured, pays an annual income benefit to the nominee for the remainder of the term and keeps the policy alive for the intended term so the corpus expectations are met at maturity. With its transparent charge structure and substantial returns, it’s ideally suited for HNI customers. It is our intention to be where our customers are and where they are going to be in the future. The AEGON Religare iMaximize Plan is a step in creating a broader set of offerings online.”

Unique Benefits:

The AEGON Religare iMaximize Plan offers the following unique benefits:

* It offers zero premium allocation charge. It thus invests 100% of the premium. Charges that apply are mortality charges, fund management charges and policy administration charges.

* AEGON Religare iMaximize Plan offers triple protection upon death of the life assured:
a.    Sum Assured is paid to the nominee immediately.
b.    Income Benefit – An amount equal to the annual premium is paid to the nominee, every year, till the end of the policy term.
c.    Premium Continuance Benefit – All the premiums due are waived-off and paid by AEGON Religare Life Insurance. The policy continues and the nominee receives fund value on maturity.

*  iMaximize Plan offers the option of two investment portfolio strategies:
a.    Self Managed Portfolio Strategy, wherein one can choose to invest in Secure Fund (Conservative) , Stable Fund (Moderate) and Accelerator Fund (Aggressive).
b.    Trigger Portfolio Strategy, wherein all of the investment is allocated to Accelerator Fund and whenever the fund value exceeds 110% of all premiums paid, the excess amount is shifted to Secure Fund to protect the profits.

* It offers a minimum sum assured of 10 times the annual premium and maximum of 30 times the annual premium. Monthly minimum Premium Rs. 4,000 and annual mode Rs. 24,000

* It offers special units from the 12th year.

* iMaximize  offers applicable tax benefits.

The minimum entry age is 7 years and maximum age at maturity is 75 years with a choice of three policy term options – 15 years, 20 years and 25 years. The premium paying term is equal to the policy term.

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 profitable customer-centric business with scale, providing a work environment that fosters excellence and innovation. This joint venture will balance a local approach with the power of an expanding global operation.

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 through superior service.

About AEGON


As an international life insurance, pension and investment company, AEGON has businesses in over twenty markets in the Americas, Europe and Asia. With headquarters in The Hague, the Netherlands, AEGON companies employ approximately 27,000 people and serve some 40 million customers across the globe. The company’s common shares are listed on three stock exchanges: Amsterdam, New York and London. It manages EUR 409 billion in revenue generating investments. AEGON has more than 160 years of experience with its roots going back to 1844. http://www.aegon.com
 About Religare Enterprises LimitedReligare Enterprises Limited (REL) is a global financial services group with a presence across Asia, Africa, Middle East, Europe and the Americas. In India, Religare’s largest market, the group offers a wide array of products and services ranging from insurance, asset management, broking and lending solutions to investment banking and wealth management. The group has also pioneered the concept of investments in alternative asset classes such as arts and films. With over 10,000 employees across multiple geographies, Religare serves over a million clients, including corporates and institutions, high net worth families and individuals, and retail investors. http://www.religare.in


For further information

Suman Purohit, AEGON Religare Life Insurance
suman.purohit@aegonreligare.com   
+91 9819621945

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