Aviva Life Insurance

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Aviva Life Insurance Company

Aviva India is an Indian life assurance company, and a joint venture between Aviva Plc, a British assurance company, and Dabur Group, an Indian conglomerate. Aviva started its operations in July 2002 as a joint venture with Dabur Group, one of India’s oldest business houses. As per the Indian insurance sector regulations, Aviva plc has a 26% stake and Dabur has a 74% stake in the JV partnership. Aviva India was bounded by the first companies to introduce modern Unit-linked and unitized with-profit policies. Products include term protection plans, endowment plans, Child policy, Single Premium plans. In addition to these, a new traditional plan called Family Income Builder was launched in August 2012.

Life insurance is a way to secure your different needs in a disciplined manner. Life is a legal agreement and the terms of the contract explain the restrictions of the insured events. The policyholder pays a premium regularly or in a lump sum. Other expenses (such as funeral expenses) can also be included in the settlement.

Life insurance is basically a contract between the life insurance company and the insured under which the insurer promises to pay Life assured which is a predefined benefit that you will receive in case of any emergency of requirement as per the policy’s document. Under the same, the insured person has to pay decided amount which is also popular as a premium to the insurer to continue its policy.

If we talk in simple terms then, if you purchase a life insurance plan, the insurer promises to pay a pre-decided amount in a case where it is required that’s I your unfortunate death. Under the same, the company would be liable to pay an amount to the beneficiary as per stated in the document. In return, you have to pay a pre-decided amount on a regular basis, which is known as premium till the date of your death during the policy tenure.

Why Life Insurance is Needed?

There are several reasons through which you will understand the need of having a life insurance plan. Here is the list of most common reasons :

Offers financial security

Basically, a life insurance policy promises to ay a definite sum in the case where the life assured falls prey to premature death. This is an important plan for those who are breadwinners for their families. With the help of this effective plan, in the unfortunate demise of the breadwinner, the family can easily deal with the financial crises by completing the claim proceedings. There are no doubt in saying that the emotional loss is irreplaceable, no one can replace the same, still, the plan offers the much required financial assistance which can solve several problems of your family.

Helps in achieving financial goals

The plan is designed in a way that can easily help you in achieving financial goals. So, whenever is your goal like arranging funds for child education, retirement corpus, to save your home loan and the personal loan in the case of untimely demise or just want to create wealth only, you will easily find a life insurance that can go well with your needs.

We all think of accepting different measures to attain our set financial goals and make a lot of savings for it as well. Such plans play an important role in ensuring future goals when the bread winner in not around to take care.

Life insurance builds the habit of savings

You must be aware of the fact that for attaining financial goals, you need to make savings. Life insurance helps in building the habit of saving as under the same you have to pay a regular premium to continue your policy. Even you can pay your premium, on the monthly, quarterly or yearly basis as well.

Aviva Life Insurance Plans

Aviva Dhan Nirman: An exclusive life insurance plan that provides a guaranteed regular stream of income and also a bonus at the end of your plan term.

Aviva Dhan Samruddhi: It provides guaranteed cash back after every 5 years in addition to the guaranteed maturity benefit for short and long term needs.

Aviva I growth: It provides comprehensive protection for you and your family.

Aviva Life Bond Advantage: A plan which allows lump sum investment to assist you to grow your wealth.

Aviva Live Smart Plan: It helps you in attaining your goals to the fullest.

Aviva New life Income Builder: It is a saving cum protection plan which assists you financially by guaranteeing returns in the form of regular payouts for 12 years.

Aviva Wealth Builder: It is designed in a way that that doubles the total amount of premiums paid and provide returns it as a lump sum at maturity

Aviva Dhan Vrudhi Plus: A life insurance plan that helps you save systematically and build a corpus.

Aviva Young Scholar Advantage: This plan helps you in securing your child’s education.

Aviva Young Scholar Secure: An Insurance plan to safeguard important stages of your child's education.

Aviva New Family Income Builder: It is a saving cum protection plan.

Aviva Annuity Plus: it provides lifetime income during the post retirement period.

Aviva Next Innings Pension Plan: It guarantees a regular stream for your post retirement years.

Aviva I sure: it provides a secure and comfortable life.

Aviva I shield: It is a term plan that takes care of your family in your absence.

Aviva Life shield advantage: It provides comprehensive protection to your family.

Aviva Lifeshlied Platinum: Another form of term plan.

Aviva Life shield plus: It provides a complete protection at affordable cost.

Aviva Sampoorna Suraksha: It is a non-linked insurance plan that provides comprehensive coverage.

Aviva Extra Cover: It is a combined plan that includes Aviva- i-life and health secure that provides comprehensive protection.

Aviva Health Secure: It provides a lump sum amount during any medical emergency.

Aviva Jan Suraksha: A comprehensive financial protection for your children/dependants.

Apart from these useful plans Avia Life insurance company also offers Aviva Nayi Grameen Suraksha.

Contact Address

Aviva Life Insurance Company India Limited
AvivaTower, Sector Road,Opposite Golf Course,
DLF-Phase V,Sector-43,Gurgaon - 122 003
Tele-No:0124-270 9000/01 Fax No.- 0124-270 9007

Aviva Life Insurance News

Aviva Life Introduces New Unit-Linked Insurance Plan

Aviva Life Insurance- a well known life insurance company today announced the launch a new  insurance plan that is basically a unit-linked insurance policy. The new policy offers long-term premium options to all consumers. Apart from the same, it also provides benefits of ULIP. Aviva Affluence is intended to achieve high net-worth individuals, the company


Wednesday March 23, 2016

FIPB Clears FDI Proposals Worth Rs 7,262 Cr

Japanese insurance company Nippon Life Insurance, Tata AIA and Aviva Life were among the 15 companies whose foreign direct investment proposals totalling Rs 7,262 crore have been permitted by the FIPB. Moreover, the proposal of YES Bank to raise  the foreign investment limit to 74 per cent from existing 41.87 percent without any limits has


Wednesday March 23, 2016

Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA

On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.  “The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance


Monday November 13, 2017

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