Aegon Life Insurance
Aegon Life Insurance Company Limited launched its operations in India in July, 2008 and since then has emerged as a strong player in the insurance industry. Aegon is one of the world’s leading providers of financial services. Currently, the company enjoys a good market share and has launched different types of life insurance products for meeting all the varied needs of individuals at attractive premium rates.
Aegon Life Insurance Company has a variety of insurance plans in its kitty for its customers who can choose any plan according to their needs and requirements. The plans provide the features of protection, savings, wealth appreciation, security of child’s future and retirement planning. The features of each plan are unique and the premium rate is also competitive making the competition at par with other insurance companies in the market. The types of plans that the company offers are:
Group Insurance Plans
Here are all the different types of insurance plans offered by Aegon Life.
Health insurance plans offered by the company help in taking care of the medical expenses which the policyholder or his family might face in the event of any contingency requiring hospitalization. The different types of Health Insurance plans offered by Aegon Life are as follows:
Aegon Life iCancer Insurance Plans– This plan safeguards the insurer as well as his family against medical expenditure that might arise with the incidence of Cancer. It involves all sorts of cancer excluding only skin cancer. The following are the features of this plan:
All cancer forms included with an exception of skin cancer.
Financial pay-outs provided on all stages of cancer.
It can be bought online.
No paperwork required.
Claim can be made on multiple cancers.
After major stage, no payment of premium is required.
Tax benefits can be availed as per the tax law.
These plans are not linked to the market. They offer coverage on life and assured returns. The different types of savings plan are as follows:
Aegon Life Flexi Money Back Advantage Insurance Plan- This plan helps the policy-holder to get back the money that was invested by him at regular intervals of time..
Aegon Life Guaranteed Growth Insurance Plan-It is a type of life insurance plan that offers an assured return of 150% on the premiums that are paid annually.
Aegon Life iGuarantee Insurance Plan- This plan is a type of investment plan that offers assured returns on the investments.
Aegon Life Premier Endowment Insurance Plan- This plan is a type of protection plan that gives extra benefits on the savings of the policy-holder
Aegon Life Jeevan Shanti Insurance Plan- This plan helps the insurer to save some amount of money on a regular basis and also offers coverage on the life.
Aegon Life Jeevan Shanti Insurance Plan-This plan helps the insurer to save some amount of money on a regular basis and also offers coverage on the life.
Aegon Life Insurance – Latest News
Aegon Life insurance looking deep into business
Aegon Religare Life Insurance Company, the private player is renamed as Aegon Life Insurance Company Ltd. The administration group of the organization will stay unaltered and will stay focused on each of its clients, employees and affiliates with focus on customer service though digitisation. Aegon Life Insurance Company believes, every current policyholder will keep on maintaining the advantages with no adjustment in the terms and conditions of the policy issued by Aegon Religare Life Insurance Company Ltd.
Aegon Life Insurance Co Ltd is confident of winning breakeven financial year by 2018. The chief Distribution Officer, Amit Kumar Roy believes that they are on course to accomplish a no profit no loss record by 2018 and turn out to be tremendously profitable by 2020. This Netherlands based Aegon had before the end of last year trekked its shareholding in the life insurance providers from 26% to 49%. Also in a recent discussion with a leading newspaper Mr. Roy states that they have no plans yet to discontinue their direct sales over phone calls as it increased their customer grievances and the distrust of selling products by misleading.