Aviva India launches Aviva Life Shield Premium – Check features

The product has been designed to allow clients to decide on and customise choices across the sum assured, premium cost time period and frequency, declare payout strategies, amongst others.

Aviva Life Insurance coverage, immediately introduced the launch of Aviva Life Defend Premium, a Non-Linked Non-Taking part Particular person Pure Threat Life Insurance coverage Plan. It’s a complete time period life insurance coverage plan, will be customized as per the wants of each particular person and his/her household to make sure that one enjoys the safety of a time period life cowl on their very own phrases. The product has been designed to allow clients to decide on and customise choices across the sum assured, premium cost time period and frequency, declare payout strategies, amongst others.

Vinit Kapahi, Head, Advertising Operate, Aviva Life Insurance coverage says “We perceive buyer calls for and our groups have been working to launch new and extra related merchandise to make sure that our clients’ future is secured. Aviva Life Defend Premium plan will be customized as per monetary wants. This product will cater to the rising demand for Time period Life Insurance coverage however can even make sure that extra clients select to take pleasure in the advantages of insurance coverage by insuring themselves.”

Aviva Life Defend Premium comes with a coverage time period of as much as 62 years and offers clients with an non-obligatory cost time period of a daily, restricted and single premium cost time period. It additionally gives Annual, semi-annual or month-to-month Premium cost frequency.

The corporate claims that this product permits clients to stability their monetary portfolio with a number of payout strategies starting from lump sum, revenue and 50:50. Together with that clients get extra safety towards Unintentional Demise and Everlasting Complete Incapacity because of an accident.

Some key differentiators of Aviva Life Defend Premium;

• The plan gives the choice to decide on rising or reducing sum assured as per clients’ monetary wants.
• Prospects pays a restricted premium for as little as 5 years and revel in protection until the age of 80.
• Aviva Life Defend Premium lets clients benefit from the freedom to tailor-make the plan to swimsuit their household.