Latest News
AEGON Religare Life Insurance

AEGON Religare Launches an Online Critical Illness Rider – iCI Rider

A rider that that covers four critical illnesses and offers a lump sum payout

Oct 07, 2014   13:19 IST 
New Delhi, Delhi, India

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 at 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.” 


The eligibility criteria for opting the AEGON Religare iCI Rider is as follows:


 Entry Age

 Minimum – 18 years

 Maximum – 65 years

 Maximum Maturity Age

 75 years

 Sum Assured

 Minimum – Rs. 10,00,000

 Maximum – Rs. 50,00,000

 Rider Term* & Pay Term

 Minimum – 5 years

 Maximum – Premium paying term of base plan

 Premium Payment Frequency



*At inception of the policy, the rider term will be equal to the Policy Term of the base plan.



About AEGON Religare Life Insurance Company:

AEGON, an international provider of life insurance, pensions and asset management, Religare, India’s leading diversified financial services groups and Bennett, Coleman & Company, India’s largest media conglomerate, have come together to launch AEGON Religare Life Insurance Company Limited (ARLI). This venture is dedicated to build a customer-centric business and provide a work environment that fosters excellence and innovation. This joint venture adopts a local approach with the power of global expertise.


ARLI launched its pan-India operations in July, 2008 following a multi-channel distribution strategy with a vision to help people plan their life better. The fulfillment of this vision is based upon having a complete product suite, providing customised advice and enhancing the overall customer experience.


ARLI has launched a suite of products that are focused on providing the customer with the means to meeting their long-term financial goals. At the same time, product development has been founded on the tenet of providing the customer with great value. In 2014, the Indian Insurance Awards, honoured ARLI as the ‘E-Business Leader’, for the second year in a row, under the category of Overall Insurance Industry Awards.


About AEGON:

AEGON’s roots go back more than 150 years – to the first half of the nineteenth century. Since then, it has grown into an international company, with businesses in more than 25 countries in the Americas, Europe and Asia. In the US, AEGON’s largest market, it operates under the Transamerica brand. Today, AEGON is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. AEGON never loses sight of its purpose to help its customers secure their long-term financial future. Its companies employ more than 27,500 people serving millions of customers around the world. In total, the company oversees EUR 503 billion in revenue-generating investments. The company’s shares are listed on two major stock markets: Amsterdam and New York.


About Religare Enterprises Limited:

Religare Enterprises Limited (REL) is one of India’s leading diversified financial services groups and offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management. Religare Enterprises is headquartered in New Delhi and is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India. Religare is also building an Asia & emerging markets focused Institutional equities and Investment Banking business and a multi-boutique global asset management platform to tap the broader opportunities offered by the most promising emerging markets around the world.

For press background on AEGON Religare Life Insurance

click here