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16-12-2017
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AVIVA FAMILY INCOME BUILDER (AVIVAINDIA) - Aviva Family Income Builder Doubles The Premium Paid After A Period Of Time. This Is A Good Children Read More
AEGON RELIGARE TERM INSURANCE PLAN (AEGONRELIGARE) - AEGON Religare Term Insurance Plan, Which Ensures Protection For Your Loved Ones – At A Fraction Of Read More
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Aegon Religare sees potential in child plans
Aegon Religare Life Insurance Company Ltd today said that there is growing interest in taking child insurance plans in the country both to secure their future and also help during the course of education.

While there is no data to outline the exact size of the market for child insurance plans in the country, it is poised for growth.

This segment now accounts for about 10 per cent of the total company business likely to be about Rs 240 crore this year.

This is just the beginning and we see immense scope for this segment to grow.

Increasingly, parents see this as a way to meet expenses for children during the course of education in the long run, Mr Yateesh Srivastava, Chief Marketing Officer of Aegon Religare, said.

Addressing a press conference here, Mr Srivastava said that they were currently in the process of finalising the plans for next financial year, which promises to be good.

The company started operations in July 2008 with a capital base of Rs.550 crore.

It now has over 50,000 customers and over 7,000 life advisors.

He said the insurance company has awarded Mr Anwar Basha, a Lucky Aegon Religare Star Child customer with a scholarship for his 12-year-old son Naushad Ali.

Under this scholarship programme, the child will get Rs. 2,000 a month (Rs 24,000 a year) for six years.

The objective of this plan was to encourage child's education.  
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Source : http://www.blonnet.com/
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