Aegon is giving a big push to tele-marketing sales of a Waiver of Premium benefit. Current policyholders are being offered the chance to purchase the company’s Ödeme Güvence Sigortası and link it to their existing savings policy.
This product doesn’t only protect the customer’s ability to reach their target savings fund, it also helps the insurance company avoid lapses or paid-up if the customer becomes unable to work. Clearly a win-win. Inflation-protection of premiums is also included, with the waiver of premium benefit covering an annual inflationary increase of premium on the policy anniversary.