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Aegon Religare New plan for higher studies - Aegon Religare Educare Plan
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AEGON Religare Life Insur ance is rolling out Aegon Religare Educare Plan.
The cost of higher education is increasing almost everyday. To ensure that the parents of tomorrow are well-equipped to meet the needs and aspirations of their children, it is important to plan to save in a disciplined manner from today.
Also, higher education costs are not a one-time thing, but a recurring payment, which is why we have designed the new plan with lump sum pay outs over four years.
The Aegon Religare Educare Plan comes with a number of additional benefits, including providing guaranteed payouts during Pinaki Paul the last four years of the pol icy, and offers two benefits to choose from -the first option offers a sum assured and accrued bonus on death and guaranteed payouts during the last four policy years and the second option offers the sum assured and accrued bonus on the death of the policyholder, guaranteed payouts during the last four years of the policy and 10 per cent of the sum assured every year, till the end of the premium payment term.
On maturity of the policy, it provides 20 per cent of the sum assured, which is the last instalment of the guaranteed payout, along with the accrued bonus. It also offers a high discount on sum assured of Rs 5,00,000 and above and an optional additional cover through an ADDD rider (accident, death, disability and dismemberment).
The truly unique part of this plan is the annual lump sum pay out geared to meet the annual expenses of higher education.
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Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
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- SBI Magnum Tax Gain Scheme 1993
- Sundaram Tax Saver
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