Aviva Life Insurance, India’s today unveiled Aviva Life Shield Premium, a Non-Linked Non-Participating Individual Pure Risk Life Insurance Plan. This term life insurance plan can be personalized as per the needs of every individual and his family in a bid to ensure the insurance buyer gets protection of a term life cover on their own terms.
Aviva Life Shield Premium comes with policy term up to 62 years and offers customers with an optional payment term of Regular, Limited and Single Premium payment term and Annual, semi-annual or monthly Premium payment frequency. This product helps customers in balancing their financial portfolio with multiple payout methods ranging from lump sum, income and 50:50. The customers also gets an additional protection against Accidental Death and Permanent Total Disability due to an accident.
Vinit Kapahi, Head, Marketing Function, Aviva Life Insurance said “Our single-minded focus on delivering a comprehensive and differentiated proposition suite is rooted in our vision to work towards our long-term strategy. We understand customer demands and our teams have been working to launch new and more relevant products to ensure that our customers’ future is secured. Aviva Life Shield Premium plan can be personalized as per the financial needs and provides protection to the loved ones We are confident that this product will cater to the increasing demand for Term Life Insurance but will also ensure that more customers choose to enjoy the benefits of insurance by insuring themselves.”
Also Read: Aviva Life Insurance names Neil Karia as new CFO
Vinit further added “At Aviva, we have always kept the customer at the centre of every endeavour and are continually driven by our purpose of With You Today, For a Better Tomorrow. This is a promise that each one of us lives through every day at work to ensure good customer outcomes at every step of the way.”
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