To get more insight into Aviva Life Insurance Company's performance, take a look at the below key highlights that will help you to analyze the company based on its performance:
Aviva Life Insurance has a Solvency Ratio of 1.8 as per the IRDAI annual report 2022-23. The solvency ratio helps the prospective policyholder assess the ability of a company to meet its financial obligations. As of now, IRDAI mandates maintaining a solvency ratio of 1.50 for every insurer.
There are various features to Aviva Life Insurance Plans. Let's understand each of them in detail:
There are multiple benefits of Aviva Life Insurance Plans. Read below to understand the plethora of advantages provided by them.
Aviva Life Insurance offers you a simple and hassle-free process for purchasing any of the life insurance plans. You just have to select the specific plan and fill out all mandatory details ending with the simple payment procedure.
As per the records, 98.39% of non-investigative individual claims were approved in one working day for FY 2022-23.
Aviva Life Insurance offers 24/7 customer support to their individuals, the insurance firm has a strong customer service department.
Aviva Life Insurance offers various riders to attach with a base life insurance policy. So that you can enhance your protection by adding a few premiums.
All premiums paid for Aviva Life insurance can be used for claiming tax benefits under the Income Tax Act of 1961. You can claim for up to Rs. 1.5 lakhs under section 80C and Rs. 2.5 lakhs under section 10(10D) of the Income Tax Act, 1961.
Here are the rider options you can avail with Aviva Life Insurance Plans to enhance your coverage:
Here is the list of documents required to buy Aviva Life Insurance Plans:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Every claimant/nominee is assigned a dedicated Claims Relationship Officer who helps through the entire process. The life insurance claim Settlement process at Aviva Life Insurance involves the following three steps:
Inform the company about the incident via various channels-either by writing an email to Aviva Life at claims@avivaindia.com, calling the toll-free number (1800-103-7766), filling out the online claim form on its website, or visiting the nearest branch. A claim reference number/intimation number will be provided to you upon successful registration of the claim.
You have to submit the necessary documents requested by the insurer to process the claim. In case of natural death: death claim form, death certificate, original policy documents, claimant's identity & residence proof, medical records, and account details of the nominee. In case of an accidental death: same documents with two additional ones: FIR and post-mortem report.
After receiving all the documents and claim forms, the insurer will verify the details as per their norms. If they require any additional details they will contact you via call or email. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over a call or an email.
Aviva Life insurance claim settlement procedure can be reported by visiting the local Aviva Life Branch Office. For the details of Aviva Life Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.
If you have any more queries regarding Aviva Life Insurance Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
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Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
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