AEGON Religare Life Insurance has launched , AEGON Religare Guaranteed Return Plan, a tax-free single premium policy.The scheme is an attractive long-term investment product, that provides the benefit of life cover-five times of the single premium paid.

At the highest tax bracket the guaranteed returns are equivalent to a pre-tax return of 10.9 per cent.The policy guarantees tax-free returns along with life cover.The policy is available from December 2008 to January 2009.
The company is on the verge of launching three more policies targeting rural sector, pension and health sector before March 2009, he said.They have already obtained approval for the rural sector product, and intend to introduce a pension product in January and health product in March 2009.

AEGON Religare targets to achieve a premium turnover of Rs 100 crore for the full year of operation. It commenced operations in August 2008 and sold about 8,000 policies till date.