Friday, Mar 29 2024 | Time 06:46 Hrs(IST)
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Business Economy


Aegon Life Insurance launches 'Life+36 critical illness insurance' on Flipkart

Kolkata, Nov 02 (UNI) Aegon Life Insurance, the pioneer of digital insurance in India,
announced the launch of 'Life + 36 critical illness Insurance' on Flipkart at the starting
premium of just Rs. 153 for a life cover of Rs 1 lakh plus Critical Illness cover of
Rs.10,000.
This means that the policy holder gets the benefit of life protection along with a
lumpsum pay-out on diagnosis of any of the 36 critical illnesses.
There is a high risk of lifestyle diseases such as heart attack, kidney failure, etc. in the
present times due to stress and lifestyle choices; Aegon Life’s “Life+ 36 Critical illness
Insurance” ensures that the policyholder gets covered against most of the lifestyle
diseases along with a life cover to ease the financial burden.
The policy covers most of the life-threatening illnesses such as Cancer, Heart Attack,
Kidney Failure, Stroke, Burns, Alzheimer and 30 other diseases. The policy is issued
instantly and requires no medical check-up nor KYC. On diagnosis of any of the 36
life-threatening illness, the policyholder is paid a lump sum amount irrespective of hospital
bills. The Life cover continues with the sum assured reduced against the claims paid
under the policy. The lump sum pay-out helps manage the healthcare expenses, home
treatment and other related expenses
Speaking on the launch of Life + 36 Critical illness Benefit, Satishwar Balakrishnan,
Principal Officer, and CFO, Aegon Life Insurance, shared, "We remain deeply
committed to our vision of creating tension-free lives by making insurance affordable,
simple and accessible, and ‘Life + 36 Critical Illness Insurance’ is aligned with our vision.
In the present scenario, healthcare costs pose a burden, especially if diagnosed with
critical illnesses; the limited physical activity due to the ongoing pandemic has added to
the high risk of lifestyle diseases. To ensure that our customers are not burdened with
the overwhelming costs of health emergencies, benefits such as 'pay on critical illness
diagnosis' which pays a lump sum amount on diagnosis of any of the 36 critical illnesses,
will be a boon to the policyholders"
He further adds, "Our earlier product on Flipkart, Life + Covid-19 Insurance, witnessed
a great affinity and helped us to understand the need for more inclusive offerings. Our
association with Flipkart will not only help us increase our distribution base but will also
enable us to offer best in class services to the Flipkart customers by providing them
relevant protection solutions."
Ranjith Boyanapalli, Head– Fintech and Payments Group, Flipkart, said, "At Flipkart,
we continue to innovate and bring customer-first offerings on our platform. Our partnership
with Aegon Life is a testimony to this. Given the uncertain and challenging times, insurance
is a must-have product. We want Flipkart to be a one-stop-shop solution for all customers'
insurance needs."
The product will be available on the Flipkart app. The customers can buy Life + 36 critical
illnesses Insurance from the safety and security of their homes with just a tap of their
fingers on their mobile phones.
UNI SJC BM
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