Mumbai: 27 May 2020: In an industry-first move, Aegon Life,  has announced the launch of ‘Life Insurance with COVID-19 Cover’ for hospitalization expenses upto Rs 1 lakh along with Flipkart. This launch is aimed to provide Flipkart customers with a comprehensive insurance cover against COVID-19, that can be availed on the Flipkart app instantly along with the base life insurance plan. This innovative offering of ‘Life Insurance with COVID-19 Cover’ supports the policy holder by covering hospitalization costs of up to INR 1Lakh on minimum 24 consecutive hours of hospitalization on the first-ever diagnosis of COVID-19 condition along with death benefit from the life cover.

On the launch of ‘Life Insurance with COVID-19 Cover’, Mr. Satishwar Balakrishnan, CFO, and Principal Officer, Aegon Life said, “The government across the nation has taken bold steps towards containing the outbreak. However, many Indians do not have health insurance. Our goal through Aegon Life’s ‘COVID -19 hospitalization cover’ is to provide financial aid bundled with life benefits at an affordable premium. The policy takes care of hospitalization costs, which will help curb the financial burden that may arise if a person is declared COVID-19 positive. In case of death, one can avail of the life benefit through the base plan, which will help in supporting the insured’s family.”

Mr. Ranjith Boyanapalli, Head– Fintech and Payments Group, Flipkart, said, “During these unprecedented times, businesses must come together, be agile and innovate for the hour. At Flipkart as we continue to cater to 200 million customers across the nation, we believe that a full cover product such as ‘COVID-19 hospitalization cover’ will provide our customers the much-needed option of having life and hospitalization cover rolled-up into one product. Our partnership with Aegon Life enables these innovations to reach consumers affordably and conveniently.”

The technology and customer-first focus of Aegon Life and Flipkart has enabled this unique and powerful offering which is the need of the hour during this pandemic.

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Mumbai: Aegon Life Insurance, pioneer of digital insurance in India, has announced the appointment of Sunita Rath as Chief People Officer (CPO) to lead the company’s human resource and talent management function and to drive organizational leadership and culture, effective February 07, 2020.In the new role, Rath will oversee strategy and processes related to building and retaining talent, including reskilling and multiskilling of employees. She will be reporting to Vineet Arora, MD and CEO, Aegon Life Insurance.

Commenting on the appointment, Vineet Arora said, “We are pleased to welcome Sunita Rath to our Aegon Lifefamily. As we move forward on our digital journey, her experience will be of great help in accelerating our transformation.Insurance is a people’s business,thus, all the value we create for our clients comes from having the most skilled and engaged talent. Sunita has over 25 years of experience in developing talent, designing and delivering modern HR strategies globally. I am sure our employees and the firm at large will greatly benefit from her expertise.”

Sunita Rath, on her appointment, said,“I am pleased to join Aegon Life Insurance, a firm that has many firsts under its belt. I look forward to joining the team and play an active part in its ongoing success story by building a culture of a highly-engaged and productive workforce.”

Sunita Rath’s experience includes Deutsche Bank, JP Morgan Ltd., Mastek Ltd, Blue Star Infotech, Silverline Industries & Coal India Limited.Over the years, she has played a key role in creating a powerful culture, aligning the organization to company values, building a strong employee value proposition, capability building for a future fit organization and personalized employee experiences.

About Aegon Life Insurance Company:

AEGON Life, one of the leading digital insurance companies in India, is a new-age digital service company and is amongst the first companies to launch Online Term Plan in India. Being the online protection specialists, AEGON Life has a company-employed service team that is fully geared to provide customers the highest levels of service.

With a vision to be the most recommended new age Life Insurance Company, the company’s Direct to Customer focus establishes a direct dialogue with the customers to make for greater clarity and transparency. https://www.aegonlife.com/

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