Aegon Life launches 1-year term insurance with COVID-19 cover. How to buy using the Flipkart app
By Navneet Dubey, ET Online | Updated: May 28, 2020, 12.19 PM IST. Also, it is a term insurance cover, so there is no maturity benefit or survival benefit payable to you on the coverage expiry date of the policy. The policy is not available for senior citizens as only those aged between 18 years and 50 years can buy this policy. Satishwar Balakrishnan, CFO, and Principal Officer, Aegon Life said, "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 hospitalisation 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."