Aegon Religare Term Insurance Plan Review by TruCompare

Aegon Religare Term Insurance Plan

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.

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