IDBI Federal Life Insurance, a joint-venture of India’s IDBI
Bank and Federal Bank and insurance provider Ageas has launched an
online platform where its Termsurance Seniors Plan is now
available.
GV Nageswara Rao, managing director and CEO
for IDBI Federal Life Insurance, said there is an increasing
awareness for life insurance plans sold over the internet in India,
with almost 10m searches every month.
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Rao said: “Customers increasingly today prefer
to make an informed decision about purchasing life insurance plans
by going through the details and even comparing options.
The interactive online platform enables them
to research the plan, calculate premium amounts and make payment
online directly to the company to receive the insurance policy in
the comfort of their homes.”
Rao added: “According to the National Online
Survey Report for Review of National Policy of Older Persons –
April 2010, ‘Insurance’ is reported as amongst the top five issues
that require attention in the lives of senior citizens in India.
There are a sizable number of people who would have missed taking
an insurance cover when young.”
