Aviva Life Insurance Company India Pvt. Ltd. is a joint venture between Aviva of UK and Dabur. Read about Aviva Life Insurance India
Aviva Life Insurance, India
Aviva Life Insurance Company India Ltd. is a private insurance company, formed as a joint venture between the Aviva plc and the Dabur Group of India. Not only largest in the UK, Aviva is also the fifth largest insurance group in the world and has been associated with India in various ways since 1834. Partners of the Aviva group include: The Royal Bank of Scotland since 2002 when the bank was known as ABN-AMRO, Punjab & Sind Bank since 2004 and DBS, which is Asia's largest financial service group.
Aviva has been responsible for establishing the concept of 'Bancassurance' in India and has leveraged its global expertise in this area successfully here. The company boasts of 159 branches and 40 bancassurance partnerships, supporting its vast distribution network across nearly 3000 towns and cities. Aviva offers various products that are meant to provide customers with flexibility, transparency and value for money. Given here is a complete list of products and services offered by Aviva Life Insurance India.
This insurance plan, as the name suggests, is aimed at children. It is an investment to secure your child's future and important milestones of the young one's education - board exams, entrance exams and professional courses. They are as follows:
- Young Scholar Advantage
- Young Scholar Secure
There are several savings plans that Aviva provides to its customers. Flexibility in meeting any goals, a traditional plan that guarantees the money you planned for, helps in achieving investments, family savings and so on. All of them are given below:
- Freedom Life Advantage
- Dhan Vriddhi
- Money Back
- LifeSaver Advantage
- LifeBond Advantage
- Dhan Varsha
- Sachin Extra Cover Advantage
Aviva Insurance has come out with two excellent retirement plans which serve the dual benefits of pension as well as protection by adding a certain sum assured for the first three years. They are:
- Secure Pension
- Pension Builder
This is typically a plan that revolves around family protection at a nominal and low cost. For example, if there is a death, the lump sum is given to the nominee within policy term limits. There is also a way to demand your premium back.
- LifeShield Plus
- i Life
- LifeShield Advantage
- LifeShield Platinum
This insurance has a dual function of being a health cum savings plan which also gives your premium back. A cover on accidents, life, critical illnesses, disabilities, surgery and hospitalizations are also provided.
This plan insures the future of rural India such as securing your family's future, child's education, finances and a long-term comprehensive plan with protection cum savings. Some of them are as given as below:
- Amar Suraksha
- Jana Suraksha
- Grameen Suraksha
- Anmol Suraksha
Employees and members of any organization are provided with a life cover that protects the entire family. Any additional expenses like accidental death or permanent disabilities are also included in this scheme.
EDLI (Employee Deposit Linked Insurance)
This plan is a fixed plan that is inserted in place of the EDLI and is targeted at the corporate industry. This includes compensation to the family for the financial loss suffered due to the death of an employee. There is a single plan with this concept, namely:
Aviva Life Insurance has something called a gratuity plan that comprises of returns with capital guarantee. All employees are provided with benefits of lump sum amounts and also tax deductions.
- Traditional Group Gratuity Plan
When you have long term plans, then there is nothing like a savings plan that you can adopt and save up all the money you can spare for that special dream you have. For this purpose, Aviva provides a savings plan that covers life and wealth.
- Aviva Sampoorna Suraksha Bima Yojna
This plan covers loan linked liabilities and settles these debts in the unfortunate event of the policyholder's demise. It lends direct loans to people in rural areas and also to the banks that provide housing and car loans.
- Credit Suraksha
Aviva Life Insurance Company India Ltd.
Aviva Tower, Sector Road, Opp. Golf Course,
DLF Phase V, Sector 43,
Gurgaon - 122 003