Aviva Life Insurance, today announced the launch of Aviva Life Shield Premium, a Non-Linked Non-Participating Individual Pure Risk Life Insurance Plan. It is a extensive term life insurance coverage strategy, can be customized as per the requirements of every single person and his/her family to guarantee that one enjoys the protection of a term life cover on their personal terms. The item has been developed to allow clients to select and customize possibilities about the sum assured, premium payment term and frequency, claim payout strategies, amongst other folks.
Vinit Kapahi, Head, Marketing Function, Aviva Life Insurance says “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 financial needs. 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.”
Aviva Life Shield Premium comes with a policy term of up to 62 years and supplies clients with an optional payment term of a common, restricted and single premium payment term. It also provides Annual, semi-annual or month-to-month Premium payment frequency.
The firm claims that this item makes it possible for clients to balance their economic portfolio with various payout strategies ranging from lump sum, revenue and 50:50. Along with that clients get extra protection against Accidental Death and Permanent Total Disability due to an accident.
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Some crucial differentiators of Aviva Life Shield Premium
- The strategy provides the alternative to select growing or decreasing sum assured as per customers’ economic requirements.
- Customers can spend a restricted premium for as tiny as 5 years and get pleasure from coverage till the age of 80.
- Aviva Life Shield Premium lets clients get pleasure from the freedom to tailor-make the strategy to suit their family.