AEGON Religare Life Insurance Wins the E-Business Leader Award at the Indian Insurance Awards 2013

MUMBAI, July 19, 2013 /PRNewswire/ --

The Indian Insurance Awards recently honoured AEGON Religare Life Insurance (ARLI) as the E-Business Leader, under the category of Overall Insurance Industry Awards. The E-Business Leader award seeks to honor an insurer that has deployed the online insurance channel effectively for marketing, lead generation and sales for the business. The award seeks to commend an insurer bringing special focus on this nascent distribution channel.

At the occasion, Mr. KS Gopalakrishnan, Executive Director at ARLI said, "AEGON Religare Life Insurance is extremely proud and happy to be honoured as the E-Business Leader at the Indian Insurance Awards. It gives me immense pleasure to accept this well-deserved award. It further strengthens our position as pioneers of Online Life Insurance in India. Introducing India to a digital distribution channel for life insurance was a challenge and I believe ARLI overcame this hurdle by simplifying the buying process and introducing the customers to e-friendly products like AEGON Religare iTerm Plan, AEGON Religare iMaximize Plan and AEGON Religare iHealth Plan. We wish to keep our focus on the E-Sales distribution channel and further strengthen our online presence."

The Indian Insurance Awards were held at the Sofitel Hotel in Mumbai on June 21, 2013. The jury members were, Mr. S B Mathur, Part-time Member IRDA, Former Secretary General, Life Insurance Council; Mr. R Krishnamurthy, Senior Advisor, Towers Watson; Mr. A K Roy, Chairman & Managing Director, GIC Re; Mr. V Manickam, Secretary General, Life Insurance Council; Mr. R Chandrasekaran, Secretary General, General Insurance Council.

About AEGON Religare Life Insurance Company:

AEGON, an international life insurance, pension and investment company, Religare, a global financial services group and Bennett, Coleman & Company, India's largest media house, have come together to launch AEGON Religare Life Insurance Company Limited (ARLI). This venture is dedicated to build a customer-centric business and provide a work environment that fosters excellence and innovation. This joint venture will adopt a local approach with the power of global expertise. ARLI launched its pan-India operations in July, 2008 following a multi-channel distribution strategy with a vision to help people plan their life better. The fulfilment of this vision is based upon having a complete product suite, providing customised advice and enhancing the overall customer experience. ARLI has launched a suite of products that are focused on providing the customer with the means to meeting their long-term financial goals. At the same time, product development has been founded on the tenet of providing the customer with great value. ARLI products such as iTerm, iMaximize, Future Protect and Rising Star have been ranked among the best in terms of value and have attracted many external accolades. http://www.aegonreligare.com

About AEGON

As an international provider of life insurance, pension and asset management, AEGON has businesses in over twenty markets around the world. With headquarters in The Hague, the Netherlands, AEGON companies employ over 24,000 people serving millions of customers across the globe. In total, the company oversees EUR 458 billion in revenue-generating investments. AEGON's main operations are in the United States, the Netherlands and the United Kingdom, but in recent years the company has expanded into new growth markets in Asia, Central & Eastern Europe and Latin America. AEGON is one of the largest insurance companies in the United States, and ranks first in the Dutch group pensions market and third in the UK individual pensions markets. The company's shares are listed on two major stock markets: Amsterdam and New York. AEGON has more than 160 years of experience with its roots going back to 1844. AEGON holds 26% equity in ARLI. http://www.aegon.com

About Religare Enterprises Limited

Religare Enterprises Limited (REL) is one of India's leading diversified financial services groups and offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management. Religare Enterprises is headquartered in New Delhi and is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India. Religare is also building an Asia and emerging markets focused Institutional equities and Investment Banking business and a multi-boutique global asset management platform to tap the broader opportunities offered by the most promising emerging markets around the world. REL holds 44% equity in ARLI. http://www.religare.com

Primary Media Contact: Suman Purohit, [email protected], 91-22-6729 3297

Secondary Media Contact: Shweta Kambley, [email protected], 91-22-6729 3285