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Enhance online insurance groups

Private insurance sectors planned to enhance its online insurance portfolio with launch of new products, a top company official said on Wednesday.  The company, which originated operations in 2008, has collected Rs 166 crore of premiums in the last year.

“Of the total business, 7% of it comes from our online business….we want to strike it”, AEGON Religare Life Insurance Chief Marketing Officer Yateesh Srivastava told reporters here.

The company would commence ‘health’ products and Unit Linked Insurance plans under online insurance portfolio soon. As well, the company has situate a target of distribute 2.50 lakh policies this year as compared to the nearby 90,000 policies.

He supposed they had projected to reach Rs 500 crore in premium collection from the present Rs 166 crore.
Srivastava was here to reveal the fixed-benefit health insurance plan, “Aegon Religare Health Plan”.

The arrangement, among others, offers coverage of all surgeries, guaranteed payment in case of claims and a cashless facility at over 3,000 hospitals, he said.

Under the health insurance plan, the corporation guarantees a permanent premium charge for three years, which means in case of a maintain in the first or second year, the premium will not augment. The company complete a soft launch of the product last month and had sold 5,000 policies generating premiums valued at Rs 5,000 crore, he merged.

This entry was posted on Thursday, August 26th, 2010 at 4:21 am and is filed under Life Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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