Company: Aegon Religare Life
Product Name- iTerm
Product features:
- Minimum sum assured of 10 lakhs
- Available up to 40 years duration
- Maximum Age – 75 years
Company’s pitch:
- Availability of additional riders- Accidental Death, Critical Illness etc.
Our view:
- PLUS- Aegon Religare has lowest premiums in the market.
- MINUS- IRDA claim settlement ratio is 66% which is on the lower side when it comes to its peers. Check here to see claim settlement ratio for insurance companies in India.
- MINUS- Aegon Religare has high customer churn of about 18%. Complaint resolution is the worst among its peers (80%). Check here to check customer service data for all insurance companies in India.