Correct Answer : Option (C) - Aegon Life Insurance
Aegon Life Insurance has launched iTerm Prime Insurance plan catering to the need of self-employed individuals with a special 10% discount on first-year premium.
* Designed with emerging India in mind, iTerm Prime offers a minimum sum assured of ₹25 lakhs, with no upper limit on a consumer’s requirement, making it accessible to a large swathe of the population with different insurance needs.
* The product can be purchased on Aegon Life’s website and through its partners; the buying process is completely paperless and requires zero documentation or uploads.
* The product also offers a ‘Special Exit Value’ option that allows the policyholder to get all premiums back when they turn 55 years old.
* iTerm Prime is designed to encourage emerging India to gain access to
life insurance. Self-employed individuals make up the majority of India’s working population, yet this segment remains under-insured.
* To make insurance accessible for them, we have simplified buying journeys and sped up underwriting by digitizing it. Besides this, we have introduced a special discount and flexible payment options to make the product more affordable for the end consumer," said
Satishwar B., MD and CEO of Aegon Life Insurance..
Source : Mint
Published On : January 5, 2023
Category : Insurance and Finance
