Chennai: Aviva Life Insurance, India’s most trusted private insurance company, has announced the launch of Aviva Nivesh Bima.This is a non-Linked, non-Participating, Individual Savings Life Insurance Plan that provides guaranteed moneyback at every 5th policy year, in addition to a lump sum payout at the maturity. This value proposition ensures that customers enjoy the protection of a life cover while building up a corpus to fulfill their short-term and long-term needs.
Aviva Nivesh Bima offers attractive features such as fixed benefit pay-out on maturity or death, limited premium paying term, and an option to enhance the coverage through an add-on Accidental Death Benefit. The plan also offers tax benefits to customers.
Moreover, the Product is designed to attract the Aspiring Value Seekers in the society who’re looking to get guaranteed assured returns for their investments. The minimum annualized premium for the policy is as low as INR 25,000 up to a maximum of INR 1,00,00,000 so that the policy may be beneficial to customers with varying budgets and having low to moderate risk appetite.
Mr. Vinit Kapahi, Head, Marketing Function, Aviva Life Insurance said, “During uncertain times, customers increasingly seek life insurance plans with guaranteed gains, especially in the foreseeablefuture. By aligning our prospects with this future-oriented customer mindset, we have brought Aviva Nivesh Bima which will enable policyholders to fulfill their short- and long-term financial goals.”
He further explained, “The thought behind this campaign is encapsulated in ‘Chotey dreams se Bade Goals Tak’ as this sentiment speaks to our customers’ aspirations for getting a financial boost they may need at any time, whether immediately or in the long-term future, thus safeguarding their loved ones against uncertainties in life.”
Some of the key features of the Aviva Nivesh Bima Plan are:
- Choice of premium payment term and policy terms
- Annual, Semi Annual and Monthly modes for paying premiums
- Option to add additional protection through Add on Accidental Benefit cover
- Death cover of 11 times Annualized premium
- Guaranteed Survival Benefit of 10% of Maturity Sum Assured every 5th policy year except at maturity
- Guaranteed Maturity Benefit after deducting survival benefits already paid
- Tax-free payouts, as per prevailing tax laws
To know more about the product and its features, please visit: https://www.avivaindia.com/saving-investment-plans/aviva-nivesh-bima
About Aviva Life Insurance:
Aviva Life Insurance Company India Limited is a joint venture between Dabur Invest Corp, one of India’s oldest and most respected business houses, and Aviva International Holdings Limited, a UK based insurance group. Aviva International has been associated with India since 1834. Aviva stands by people when it really matters, throughout their lives. Aviva has been taking care of people for more than 320 years, in line with the purpose of being ‘with you today, for a better tomorrow’. Aviva aims to craft simple and relevant products and propositions that help customers protect what’s important to them and help them look to the future with confidence. Aviva’s focus is to provide the finest customer experience and the highest levels of service through digital innovations. Globally, Aviva serves 33 million customers across 10 countries.