Say “I Owe You” with Aegon Life’s e-card

Mumbai 7th January 2019 - As part of its broader vision to offer consumer-driven, innovative and digital insurance products and services, Aegon Life Insurance, one of India’s leading digital insurance companies, has launched I Owe You.

At the time of the policyholder’s death, the family or nominee is required to carry out the mandated procedure to receive insurance. Aegon Life’s data suggested that at least 41% of claim intimations were made after 6 months of death of policyholders. This initiative by Aegon Life makes it easy for anyone to provide quick means of sharing policy details with their nominees. ‘I Owe You’ is an editable e-card containing the insured’s policies along with its plan name, sum assured, rider name and rider sum assured if any along with the helpline number.

Benefits and features illustration:

  • Not just Aegon Life’s customers, but anyone can avail this facility. They will be able to share this OTP verified e-card with their nominee for easy reference at times of claim, if any. The card will also enable them to personalize it with a picture and their message for their loved ones.
  • For their customers, Aegon Life has also incorporated an option for updating their nominee if they wish to. One can download the final card to share with their nominees via WhatsApp or share in as link on an email. Also, included is an option for the nominee to invest further, if they wish to.

Life Insurance is the business of honoring claims. In an industry where trust plays a major role; with this initiative, Aegon Life Insurance is taking every effort to spread awareness and help people keep their nominees informed.

Speaking on this initiative, Vineet Arora, MD & CEO of Aegon Life Insurance, said “One of the major reasons why the amount remains unclaimed is because the nominee is not aware of the policy. This results in the nominees not intimating the company either in time or worse, not intimating at all. To avoid such a scenario and ensure that the nominee is aware of the policy details and the document, we have introduced ‘I Owe You’. It is our way of ensuring that the promise of financial security that people make to their loved ones, is always kept.”

The ‘I Owe You’ e-card can be accessed here:

About Aegon Life Insurance

Aegon Life in India is a new-age digital service company and is amongst the first companies to launch Online Term Plan in India. Being the online protection specialists, Aegon Life has a company-employed service team that is fully geared to provide customers the highest levels of service. The company’s Direct to Customer focus establishes a direct dialogue with the customers to make for greater clarity and transparency. According to a recent report published by IRDA in September 2018, Aegon Life ranked #1 in average New Business Sum Assured per policy in the individual regular (non-single) premium category. This ranking included all the players, even LIC.

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About Aegon:

Aegon's history dates back for almost two centuries. Today, Aegon is one of the top-10 largest insurance companies in the world. Aegon is one of the world's leading providers of life insurance, pensions and asset management headquartered in The Hague, Netherlands. Globally, Aegon has operations in over 20 countries and covers more than 29 Million Lives. As of December 2017, Aegon managed more than EUR 817 billion of revenue-generating investments