As per IRDA report the numbers are different , can you explain how its different than what you are quoting ?

Manish

We have over 19,600 for iTerm which is our online term plan. AEGON Religare was the first company to launch the online term plan in India. As such we have teh most experience is handling customers on this platform. We surely did have initial issues when we started but I can promise you that we make every effort in our stride to ensure a great customer experience. You may also write to me for any further concerns that you may have,

Regards,
Sourav.shah@aegonreligare.com (Senior Manager -eSales)
AEGON Religare

This is not true for iTerm. iTerm is an online plan and we have over 19,500+ happy customers. We have received only 5 claims so far out of which 4 very honoured within 30 days. Only 1 claim was rejected because the Life assured (The customer who applied for iTerm) was suffering from Diabetes, kidney disease, Asthma, prior to the application for iTerm and these facts were not disclosed on the form. If the applicant has disclosed this correctly at the time of taking the policy then these factors would have been considered while deciding upon the premium and even this claim would not have been rejected.

Regards,
Sourav Shah (Sr. manager – eSales)
AEGON Religare Life Insurance

AEGON Religare is a joint venture between AEGON, an international life insurance, pension and investment company and Religare, a global financial services group and Bennett, Coleman & company, India’s largest media house who have come together to launch AEGON Religare Life Insurance Company Limited (ARLI). As an international life insurance, pension and investment company, AEGON has businesses in over twenty markets in the Americas, Europe and Asia. With headquarters in The Hague, the Netherlands, AEGON companies employ approximately 28,000 people and serve some 40 million customers across the globe. The company’s common shares are listed on three stock exchanges: Amsterdam, New York and London. AEGON has more than 160 years of experience with its roots going back to 1844.Religare Enterprises Limited (REL) is a global financial services group with a presence across Asia, Africa, Middle East, Europe and the Americas. In India, Religare’s largest market, the group offers a wide array of products and services ranging from insurance, asset management, broking and lending solutions to investment banking and wealth management. The group has also pioneered the concept of investments in alternative asset classes such as arts and films. With over 10,000 employees across multiple geographies, Religare serves over a million clients, including corporates and institutions, high net worth families and individuals, and retail investors. REL hold 44% equity in ARLI.

So please be rest assured that you would be investing in a company that has very deep roots and a long relationship with customers across the globe and in India.

Regards,
Sourav.shah@aegonreligare.com
Senior Manager (eSales)

iTerm claim settlement ratio is still not that high as other companies . So even if the premium is less, you might want to look at those other numbers

Manish

Earlier AR’s i-Term was up to 65yrs and max. term of 25 yrs. as mentioned at the top.
But now I noticed that this plan is updated with following features:

1) Coverage up to 75 yrs.
2) Policy term up to 40 yrs.
3) Covers death even due to Terrorist attacks.
4) Plus there are few other additional benefits.

None of these are there with Aviva i-Life.

When I compared the premium (for 25 L, 30yrs term), Aegon Religare i-Term is about 10% cheaper than Aviva i-Life.

Not sure if customer service still as bad as discussed above.

So would you still suggest going with Aviva i-Life…?
Or maybe one can consider taking half of the coverage from Aegon Religare considering the new features.

Thanks
Rakesh

Good to hear that .. companies decide their own cities where they want to give the plans and if you are getting it from AR , then wwell and good

Manish

By the way as on date Aviva is offering the cheapest online term cover I-life, you may check the same for you.

Thanks

Ashal