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Aegon Religare looks to change product mix
Private life insurer Aegon Religare has refiled three of its unit-linked products with the insurance regulator to comply with the new regulations, and looks to change its product mix going forward.

The company wants to increase its traditional products by 10 per cent from the current 25 per cent, said Mr Yatheesh Srivatsava, Chief Marketing Officer, Aegon Religare Life Insurance Company.

According to him, the company clocked Rs 166 crore of new premium last year, and 75 per cent of this came from ULIPs, he added. This year, the company targets new business of Rs 500 crore.

We will now see people buying insurance for the right reasons, and the new regulations would also bring about a long-term investment and savings horizon for customers,he pointed out.

The company plans capital infusion of about Rs 450 crore this year.  
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Source : http://www.blonnet.com
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