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18-12-2017
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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 Life Insurance is expecting its online sales to contribute 10 per cent of its total s
Currently, online sales contribute around 4 per cent of its total premium collections.

Mr Yateesh Srivastava, Chief Marketing Officer of the company, said the insurer is looking to expand its online product offering.

We have filed for an online ULIP with the regulator. We should be launching it by mid-November. We are also working on an online health plan¯ he said.

Competition Aegon Religare was one of the first insurance companies to launch an online term plan, when it launched a pure-term plan called 'iTerm' in October last year. With ICICI Prudential also launching an online term plan last month, Aegon Religare is looking to make some changes in iTerm to make it more competitive.

We will soon introduce a revised iTerm plan. There will be some changes on the pricing front. We will also look to introduce riders like critical illness and accident benefits,ā€¯ said Mr Rajesh Rajput, Director-Product Development and Pricing.

Through its iTerm plan, the company has insured around 10,000 lives and collected Rs 11 crore premium.

The company, which is capitalised at Rs 700 crore, is planning to infuse an additional 320 crore in the current fiscal.

It is targeting to reduce the share of ULIPs to 65 per cent by the end of this fiscal from 75 per cent.  
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Source : http://www.blonnet.com
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