Nov. 5, 2009 (The Hindu Business Line) --

Bangalore, Nov. 5

Aegon Religare Life Insurance launched iTerm, a new term-plan that will be sold exclusively online. “It is the cheapest term plan currently available in the market, making it the most attractive product,” Mr Rajiv Jamkhedkar, CEO, said at the launch. Premiums for iTerm are 50-60 per cent cheaper when compared with the term plans offered by other players, he said. Aegon (NYSE:AEG) Religare achieved 100 crore annualised premium last month which marked the 13th month operati on in the country, Mr Jamkhedkar said. Religare which had entered into a joint venture with Aegon, one of the world’s largest insurance companies, has 52 offices in 17 States in the country with 1,600 employees. — Our Bureau