New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Which private sector Insurance Company recently launched the iTerm Prime Insurance plan, which will cater to the need of self-employed individuals with a special 10% discount on 1st-year premium?

    A TATA AIG Correct Answer Incorrect Answer
    B HDFC ARGO Correct Answer Incorrect Answer
    C Aegon Life Insurance Correct Answer Incorrect Answer
    D Max Life Insurance Correct Answer Incorrect Answer
    E Ageas Federal Life Insurance Company Correct Answer Incorrect Answer

    Solution

    Aegon Life Insurance has launched the iTerm Prime Insurance plan, which will cater to the need of self-employed individuals with a special 10% discount on 1st-year premium.It offers a minimum sum assured of Rs 25 lakhs, with no upper limit on a consumer’s requirement. The plan can be purchased online through a completely paperless process and requires zero documentation or uploads. The product also offers a ‘Special Exit Value’ option that allows the policyholder to get all premiums back when they turn 55 years old.

    Practice Next