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  • News From Press As we are direct to customer and largely digital, we keep our products simple

    As we are direct to customer and largely digital, we keep our products simple

    Source: Mint Feb 19, 2018

    Vineet Arora is the new face of Aegon Life Insurance Co. Ltd. He took charge as the managing director and chief executive officer of the company in January this year. In conversation with Deepti Bhaskaran, he talked about his vision for the company going forward, why surrender costs are high in traditional plans and issues that need to get addressed to bring the costs down, and finally expectations from the new chairman of the Insurance Regulatory and Development Authority. Edited excerpts:

    The big focus for Aegon in the past few years has been protection. As the new chief, do you share the same vision? 

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    1 Comment
    Prashant · 6 years ago `
    This person is factually incorrect brcause they have now understood that direct business is nit good for investors and company also because they settle less claims and investor's family suffers and company's ratio goes haywire. It went upto only 45% once. Also they know that direct can not give them more and better and quality business which agents cn bring them so ty are aggressively hiring agents because they any which ways have to pay to web aggregators and web aggregators ask for mire commissions and they will sell the product of the company they get highest commission from.
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