Aviva Life Insurance introduces Aviva Income Suraksha for Defence Sector
- A product specially curated for the nation’s Defence Force
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Trevor Bull, CEO, Aviva Life Insurance launches Aviva
Income Suraksha
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10 or 12 Years (as per choice and
paying capacity
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Deferment Period
(The deferment period is to provide the flexibility to the
customer to align the inflow of monthly guaranteed income to suit their life
stage needs)
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0, 3 or 5 years post premium paying
term
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Premium Pay-out at Maturity
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·
Monthly income guaranteed for 10 years
for premium paying term of 10 years(post deferment period)
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Monthly income guaranteed for 12 years
for premium paying term of 12 years(post deferment period)
·
Additional age related one-time benefit
paid along with last monthly payout
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Premium Paying Frequency
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Annual &monthly modes available
with no extra charges for paying monthly and additional benefits for
customers paying on annual mode
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Death Benefit
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Similar structured payouts for 10 or 12
years as in maturity benefit with higher quantum of monthly income to take
care of recurring expenses. The death benefit triggers on unfortunate demise
of the insured.
Additional age related one-time benefit
is paid along with last monthly payout.
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Chennai, July 11, 2019: Aviva Life Insurance, one of India’s
leading life insurance company, today announced the launch of “Aviva Income Suraksha”, a non-participatingtraditional
retirement plan especially designed for the Defence Forces. The plan offers our
soldiers the ability to plan their financial preparedness post retirement with
utmost ease.It is aimed at providing an additional financial aid with a regular
monthly income stream for all our customers.
Aviva
Life Insurance introduced its Defence Channel last year. The success in this
segment of the market encouraged the brand to go deeper, with a tailor-made
proposition for the defence forces. Aviva
Income Suraksha - is a customized proposition introduced by Aviva for the defence
channel to offer a customized financial plan specifically focused towards the
“jawans” that protect our countries borders.
Commenting
on the launch, Ms. Anjali Malhotra, Chief Customer, Marketing, Digital &
IT Officer says, At Aviva Life insurance, the customer is at the center
of all our product development process. With Aviva Income Suraksha, we aim to
secure the financial future of the defence personnel, who are the protectors of
our nation. The endeavor is to secure the lives of those who work tirelessly to
protect us. The plan has been customized to their specific needs and will
enable them to carry out proper financial planning for their growing needs
through different life stages. “
“The
defence personnel usually retire at a very young age between 38 to 42 years,
thus lowering their primary income. With Aviva Income Suraksha, we propose a
solution to support them with a financial plan to meet most of their life goals
like child education, saving for children’s marriage post early retirement,
whilst they find alternate source of employment post defence service. Moreover,
the premiums can be paid on monthly modes making it easier for them to save in
small installments.”Ms. Malhotra further added
With the
single-minded focus of delivering a comprehensive and differentiated
proposition, Aviva Life Insurance introduced Aviva Income Suraksha in line with
the brand’s vision of creating tailor-made products addressing to specific
needs of customers. While the plan has been developed mainly for the Suraksha (defence)
channel, Aviva Income Surkasha will be equally useful for all other customer
segments with needs for income replacement or supplementary income.
About Aviva Life Insurance:
Aviva Life Insurance Company India
Limited is a joint venture between Dabur Invest Corp and Aviva International
Holdings Limited, a UK based insurance group, whose association with India goes
back to 1834. By choosing Aviva Life Insurance, you benefit from the management
experience of one of the world’s oldest insurance groups, with a history dating
back to 1696. Today, Aviva Group has 33 million customers in 16 countries (as
on 1stJanuary 2019)
Website:www.avivaindia.com
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