What are the risks involved in taking an insurance with Aegon-Religare, a new insuracne player in market?



I am taking a term insurance plan from Aegon-religare. Please let me know what kind of risks are involved in taking an insurance with a new company? Is the Coverage is guaranteed by IRDA or the premium paid is guaranteed by IRDA in case of lay offs?
I am talking about insurance in India only
Term Life Insurance PLan of Aegon-Religare

4 Replies to “What are the risks involved in taking an insurance with Aegon-Religare, a new insuracne player in market?”

  1. There are many kinds of insurance plan which has not been mentioned in your question,however I would suggest you to go through the terms and conditions very very carefully and read between the lines and if not understood get the same clarified through the agent.I had subscribed for a medical insurance from my friend but when got admitted into a hospital I was much surprised when i found while claiming for the cost incurred by me I was told that the expenditure incurred by me for the first two days is not under the coverage which was about the 45% of the total cost of the total cost incurred by me during my seven days stay in the hospital.


  2. IRDA regulates the insurance sector. I don’t think it will neither guarntee the coverage or the premium paid. it is something like the Reserve Bank of India to other banks. RBI will not give or guarntee the deposit we made in banks. Similarly the IRDA will ensure that policy holders funds are invested properly and the company is functioning as per their guidelines. you check the premium they have quoted. if it is lower than others go for it.







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