Aviva Life Insurance launched The Aviva Signature 3D Term Plan. The non-linked, non-participating individual Pure risk life insurance plan is intended to provide customers with comprehensive financial protection and to protect them from unanticipated life events such as death, disease, and disability.
The plan provides a wide range of advantages, assuring coverage that helps customers realise their life goals while also protecting them from financial concerns in the long run. Aviva Signature 3D Term Plan offers life insurance coverage through lump sum and regular monthly payments, as well as a variety of customizations for consumers in various segments, with four plan options and three riders.
The following are the flagship plan options:
- 3D Pure Term, a pure term insurance policy that gives the customer the option of getting life insurance for the rest of their lives, up to 99 years of age,
- 3D Family Plus, which extends life insurance coverage through a lump sum payment of 100% of the base sum assured, as well as Regular Monthly Payouts (RMP) for 10 years beginning on the first monthly anniversary following the life insured’s death. This monthly payment will continue to rise by 8 per cent every year compounded.
The plan offers other options, which are:
- 3D Accelerated, which has an in-built accelerated terminal illness benefit, and
- 3D TROP which returns the policyholder’s premiums (minus taxes, riders, and extra premiums) upon surviving until maturity
Aviva Signature 3D Term Plan allows you to tailor the coverage to your specific needs. Aviva Accidental Casualty Non-Linked Rider, Aviva Cancer Cardio Non-Linked Rider, and Aviva New Critical Illness Non-Linked Rider supplement customers’ coverage. It also features a premium waiver function in the event of critical or terminal illness, which is available via the Aviva New Critical Illness Non-Linked Rider and the 3D-Accelerated plan option, respectively.
Vinit Kapahi, Head of Marketing, said, “We are thrilled to introduce the Aviva Signature 3D Term Plan, a remarkable addition to our flagship Signature series. With a profound understanding of life’s uncertainties, we have crafted a plan that embraces the three pillars of protection: Diseases, Disability, and Death. As awareness regarding the importance of maintaining a healthy lifestyle continues to grow, people are taking proactive steps towards embracing healthy habits such as mindful eating and regular physical activity. However, focusing solely on physical and mental well-being is not a comprehensive solution for overall well-being. This is where our Aviva Signature 3D Term Plan steps in – to provide our customers with protection against life’s unforeseen challenges and to help them become future-ready.”
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Adding to that, “This plan is not just a product; it is a canvas where individuals can paint their financial aspirations. Our policyholders gain the power of personalization, with an array of options that align with their unique requirements. As we launch this comprehensive solution, we reinforce our promise to stand by our customers during life’s most challenging moments.”
