AEGON Religare Launches an Online Critical Illness Rider - iCI Rider

AEGON Religare launches iCI rider that covers four critical illnesses and offers a lump sum payout. The rider is available with the online term plan of ARLI, iTerm.

Mumbai, Maharashtra, October 7, 2014 /India PRwire/ -- The pioneers in online insurance, AEGON Religare Life Insurance (ARLI) today announced the launch of an online critical illness rider - AEGON Religare iCI Rider. This rider can be attached to its online term insurance plan iTerm. The iCI rider allows customers to get cover against critical illnesses at a very nominal cost. The iCI rider is available for both new as well as existing customers.

In keeping with AEGON Religare's product philosophy of offering simple products with an easy to understand benefit, the AEGON Religare iCI Rider covers the following four critical illnesses; Cancer, First Heart Attack, Open Chest CABG and Stroke. The rider pays out the sum assured upon diagnosis of any of these critical illnesses. Upon payment of the rider benefit for any of the diseases covered the rider stands terminated. The rider can be attached while purchasing a new policy on the company website or to an existing iTerm policy.

On the launch of AEGON Religare iCI Rider, Mr. Yateesh Srivastava, Chief Operating Officer of ARLI said, "Critical illnesses while being physically and emotionally taxing also have a debilitating effect on the financial status of the family. A critical illness has multiple impact and the cost of coping is very large, right from temporary or permanent loss of income to medical costs. The iCI rider is aimed at providing protection against such an eventuality at a very nominal cost. The launch of this rider is a step towards expanding our online protection portfolio to provide superior protection solutions to people."

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