Aegon Life Insurance coverage has launched the launch of its latest life insurance coverage protection product – Aegon Life Saral Jeevan Bima that allows flexibility to the patrons to adapt the protection basis their needs. With this on-line protection, one can take pleasure in some great benefits of hassle-free processing with minimal financial and medical requirements.
Aegon Life Saral Jeevan Bima is an easy insurance coverage protection protection that will pay the nominee a set amount after the policyholder’s lack of life by means of the protection time interval. It will likely be bought by any specific individual aged between 18 to 65 years with a sum assured of Rs. 5 lakhs to Rs. 25 lakhs and canopy interval ranging between 5 years to 40 years.
One may make premium charge each as a Single Pay or go for Common Pay Equal to protection time interval or go for a Restricted Pay of 5 years and 10 years. The purchaser may avail benefits of Aegon Life AD Rider with this protection. In case of the lack of lifetime of the Life Assured due to an Accident by means of the Rider Time period, an amount equal to the Rider Sum Assured is payable. This amount will in all probability be together with the lack of life revenue beneath the Base Coverage.
Aegon Life Saral Jeevan Bima is a standardised straightforward time interval insurance coverage protection plan as per the IRDAI’s mandate to all insurers to launch a traditional time interval insurance coverage protection plan. The Insurance coverage Regulatory and Improvement Authority of India (IRDAI) felt it important to introduce a traditional, specific individual time interval life insurance coverage protection product, with straightforward choices and regular phrases and circumstances. Such a traditional product will make it easier for the patrons to make an educated various, enhance the assumption between the insurers and the insured, and in the reduction of mis-selling along with potential disputes on the time of a declare settlement.
Time period insurance coverage coverage are the purest kind of insurance coverage protection and anyone with financial dependents should buy them. Such plans swimsuit notably those who want to buy security covers for the first time.
Satishwar Balakrishnan, MD & CEO Aegon Life Insurance coverage said, “The introduction of Saral Jeevan is a big transfer by the IRDAI with commonplace protection with reasonably priced premiums. This is not going to solely assist enhance insurance coverage penetration, however its availability on digital platforms will assist in advocating on-line insurance coverage shopping for as easy, clear, and hassle-free.”