India’s AEGON Religare Life Insurance (ARLI) has rolled out three protection products – iIncome plan, iSpouse and iCancermdash, which are only available online.
The life insurer repoprtedly said that the new insurance policies can be purchased exclusively online within 10-12 minutes.
iIncome is said to be a non-linked, non-participating term assurance product, which has been designed to protect the household income stream for a certain period. .
iSpouse is reportedly a joint life term assurance policy and iCancer has been designed for insurance protection against all stages of cancer.
The company said that the iIncome plan offers a family with a lump sum amount and also yields a regular income in case the policy is triggered.
AEGON Religare Life Insurance managing director, CEO K S Gopalakrishnan was quoted by The Financial Express as saying: "We have attained leadership in innovative and need-based products because we believe in simplicity.
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"These products emphasize the fundamental propositions of life insurance – protection from uncertainty and are built based on customer feedbacks."