Aegon Life Ins. collaborated with Mobikwik
CONTEXT:
- Mobikwik, digital financial services company collaborated with the Aegon Life Insurance.
- Aegon Life Insurance planned to launch a Rs 20 smart digital insurance product in order to protect its wallet users from death and accident-related disability cover for up to Rs 2 lakh.
- The main objective for this initiative is to improve the insurance penetration in India (this is currently at 3.7%).