AEGON Religare Life Insurance Launches Education Plan

AEGON Religare Life Insurance announced the launch of its education plan to help customers meet the education expenses.

The plan, which provides customers a secure savings platform with an insurance cover along with a waiver of premium option, gives lump sum payouts during the last four policy years.

The higher education costs are not a one-time but a recurring payment, which is why the company has designed the plan with lump sum payouts over four years.

The plan offers a choice between three policy terms of 12, 16 or 20 years with a premium payment term of 8, 12 or 16 years respectively.