AR iTERM POLICY ONLY BECOZ OF LOW PREMIUM & MAXIMUM AGE.
AS CUSTOMER CARE PEOPLE SAYS ALL FORMS OF DEATH COVERED (EXCEPT SUICIDE FOR 1ST YEAR) BUT ALL FORMS OF DEATH COVERED IS NOT MENTIONED ON PAPER (OFFICIALLY).
FOR eg. WHAT IF DRUNK & DRIVING VEHICLE? (AS DRUNK & DRIVING IS A CRIME AS PER INDIAN PENAL CODE)
I STILL DOSE NOT UNDERSTAND HOW IT IS POSSIBLE TO OFFER SUCH LOW PREMIUMS?
THEIR ANSWER TO THIS
1)NO AGENT COMISIONS
2)NO OFFICE & INFRASTRUCTURE
3)YOU PURCHASE FROM DIRECT AEGON RELIGAREstrong text
BUT CAN ANY ONE GIVE MY SIMPLE QUESTIONS ANSWERS, PRACTICALLY?
1) IF AEGON RELIGARE IS PRIVATE COMPANY DOING BUSINESS IN INDIA HOW THIS BUSINESS IS PROFITABLE TO THEM AT SUCH LOW PREMIUMS?
2) AS PER THEIR WEBSITE UPTO NOW 46777 CUSTOMERS ARE THERE (ANY ONE KNOWS HOW MANY POLICY HOLDER DISCONTINUED THE POLICY?)
3) AS PER THEIR WEBSITE 8 CLAIMS ARE RECEIVED 7 ACCEPTED & 1 REJECTED BUT IF THE CLAIM AMOUNT IS MORE THAN PREMIUM PAID BY CUSTOMER THEN COMPANY IS IN LOSS, SO, FOR HOW MANY YEARS THEY CAN BEAR LOSS?
4) FROM WHERE THEY WILL PROVIDE CLAIMS IF COMPANY IS IN LOSS?
PLEASE ANSWER TO ABOVE QUESTIONS ONLY IF YOU HAVE ANY OFFICIAL VALID PROOFS