At an event held in Allied Corporate office, Allied Insurance Company awards “Survival benefit payout” to the first customer of Cashback 12 – Ranreyru Insurance policy. The payout was awarded to the customer; Mr.Raaid Mohamed by Allied Life Insurance Manager Mr.Srinivasan Ramakrishnan.
Cash Back 12 – Ranreyru plan is a three in one plan where Saving, Liquidity & Protection are combined to offer maximum benefits. This policy entitles customers to receive periodic intervals of payments named “Survival benefit”. And upon the maturity of the policy, the customer will receive the remaining balance of the Sum Assured along with a bonus amount. However, in case of an unfortunate demise of the life assured during the policy term, the full sum assured with accumulated bonus will be paid to beneficiary without deducting Survival benefits, that’s already been paid (if any).
Speaking at the event, Mr. Srinivasan stated that this plan is designed to meet the needs of customers seeking regular cash flows at junctures for various purposes down the line. Hence, encouraged the public to practice the habit of saving through insurance.