Launch of iCI Critical Illness Rider

Tuesday, October 7, 2014

AEGON Religare Launches an
Online Critical Illness Rider – iCI Rider

A rider that that covers four critical illnesses and offers a lump sum payout

  Mumbai, October 7: The pioneers in online insurance, AEGON Religare Life Insurance (ARLI) today announced the launch of an online critical illness rider - AEGON Religare iCI Rider. This rider is available exclusively online for its iTerm customers and is specially targeted at individuals looking for an additional cover to protect against critical illnesses.

In keeping with AEGON Religare's product philosophy of offering simple products with an easy to understand benefit, the AEGON Religare iCI Rider covers the following four critical illnesses: 

1.    Cancer

2.    Open Chest CABG

3.    First Heart Attack

4.    Stroke

If one opts to purchase AEGON Religare iCI Rider, on being diagnosed with any of the above mentioned critical illnesses, the sum assured under this rider is paid. The premium for AEGON Religare iCI Rider depends on the policyholder’s age, gender and the sum assured he is covered for.[51651] The product is available exclusively online, at https://buynow.aegonreligare.com, making it convenient and easy for the customer to buy.

 

On the launch of AEGON Religare iCI Rider, Mr Yateesh Srivastava, Chief Operating Officer of ARLI said, “We pioneered the online space in life insurance and we would like to maintain our leadership position by offering an expanded suite of products. The iCI Rider is part of our endeavour to provide cover for common critical illnesses like cancer, stroke, etc. The AEGON Religare iCI Rider can be bought online along with the AEGON Religare iTerm Insurance Plan. Policyholders who already have an online iTerm policy, can also look at buying this rider online. The consumer is moving online and so are we. The AEGON Religare iCI Rider is another step in creating a plethora of online product offerings for our customers. 

The eligibility criteria for opting the AEGON Religare iCI Rider is as follows:

 

Entry Age

Minimum – 18 years

Maximum – 65 years

Maximum Maturity Age

75 years

Sum Assured

Minimum – Rs. 10,00,000

Maximum – Rs. 50,00,000

Rider Term* & Pay Term

Minimum – 5 years

Maximum – Premium paying term of base plan

Premium Payment Frequency

Annual

*At inception of the policy, the rider term will be equal to the Policy Term of the base plan.

 

About AEGON Religare Life Insurance Company

AEGON, an international provider of life insurance, pensions and asset management, Religare, India’s leading diversified financial services groups and Bennett, Coleman & Company, India’s largest media conglomerate, have come together to launch AEGON Religare Life Insurance Company Limited (ARLI). This venture is dedicated to build a customer-centric business and provide a work environment that fosters excellence and innovation. This joint venture adopts a local approach with the power of global expertise.

ARLI launched its pan-India operations in July, 2008 following a multi-channel distribution strategy with a vision to help people plan their life better. The fulfillment of this vision is based upon having a complete product suite, providing customised advice and enhancing the overall customer experience.

ARLI has launched a suite of products that are focused on providing the customer with the means to meeting their long-term financial goals. At the same time, product development has been founded on the tenet of providing the customer with great value. In 2014, the Indian Insurance Awards, honoured ARLI as the ‘E-Business Leader’, for the second year in a row, under the category of Overall Insurance Industry Awards.

About AEGON

AEGON’s roots go back more than 150 years – to the first half of the nineteenth century. Since then, it has grown into an international company, with businesses in more than 25 countries in the Americas, Europe and Asia. In the US, AEGON’s largest market, it operates under the Transamerica brand. Today, AEGON is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. AEGON never loses sight of its purpose to help its customers secure their long-term financial future. Its companies employ more than 27,500 people serving millions of customers around the world. In total, the company oversees EUR 503 billion in revenue-generating investments. The company’s shares are listed on two major stock markets: Amsterdam and New York. http://www.aegon.com

About Religare Enterprises Limited

Religare Enterprises Limited (REL) is one of India’s leading diversified financial services groups and offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management. Religare Enterprises is headquartered in New Delhi and is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India. Religare is also building an Asia & emerging markets focused Institutional equities and Investment Banking business and a multi-boutique global asset management platform to tap the broader opportunities offered by the most promising emerging markets around the world. http://www.religare.com

[51651] Do not mention this as the functionality for this is still not available in our systems

Retrieve A Quote