Aegon Religare Endowment Plan

Recommendations :No

Name of the policy :
Aegon Religare Endowment Plan

A brief desciption :

Aegon Religare Endowment Plan is a traditional endowment plan catering to your savings and protection needs. It has an added feature of providing double the sum assured to the nominee in case of death of the insured. However just like other endowment plans lack of transperency and clarity, and loads of charges makes the plan worthless. Investors may thus choose to buy a pure term plan at bare minimum costs to ensure cover to life and invest in other avenues to earn suitable returns from their investment.

Started date :10/1/2011
Type of policy :Insurance cum investment
Category :Traditional-Endowment Plan
Insurance :Min- 1 lakh Max- No limit
Returns expected :Less than Fixed Deposit
Entry age :90 days- 60 Years
Surrender :The Surrender Value is calculated as Surrender value factor X (paid-up sum assured + accrued bonuses)
Minimum amount :Min- 6,000 Max- No limit

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