Aviva Life Insurance Company announced the launch of Aviva Protection Plus, a non-linked non-participating individual life insurance savings plan. The plan is not only designed to provide financial protection in case of any unforeseen circumstances, but also has an assured maturity amount on survival of the policy term.
Aviva Protection Plus offers attractive features with maturity benefit of return of premium, rich protection and savings booster options; And it ensures that the family is financially secure with a higher death sum assured payable in case of an unfortunate event. Additionally, the plan comes with the flexibility of single or regular premium paying term. In addition, one has the option to choose from multiple premium payment frequency modes and avail benefits like life coverage up to 80 years, direct and indirect tax benefits and discount on higher sum assured.
Vineet Kapahi, Head of Marketing, said, “Term insurance is the most preferred plan option among people as it offers flexibility and affordability. In our endeavor to provide our customers with term cover and much more in just one plan, we launched Aviva Protection Plus. This plan gives you the opportunity to select the most appropriate financial protection for your profile through a combination of Basic and Additional Death Sum Assured as well as Maturity Sum Assured at the inception of the policy.
He further added, “With this launch we wanted to take a stand against discrimination as this product insures the lives of men, women and transgenders. The idea behind our campaign ‘#TermSeZyaada’ is to achieve more benefits than customers expect. and strengthen the belief that with Aviva Protection Plus, they can ensure that their family is financially secure in their absence and get the financial incentives they need if they survive to maturity. Might be possible.”
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