- Choice of premium payment term, starting from 5 years
- Range of seven fund options to choose from
- Exclusive services like dedicated product expert on call
New Delhi/ Mumbai, March 21, 2016: Aviva Life Insurance has announced the launch of its new Unit-Linked Insurance Plan – Aviva Affluence. It is an exclusive product aimed at high net-worth individuals and will be offered by Aviva Life Insurance’s best advisors, in view of the consumer profile it is intended for. The product offers customers, the option to choose from different premium payment terms, starting from 5 years going upto 30 years. The customer can use the policy to build a corpus or plan for systematic withdrawals, depending upon their need for finances. He may well choose to stay invested to meet long-term milestones, like ensuring funds for child’s education/ marriage, wealth building, retirement planning or creating a corpus for spouse under MWPA.
said, “We at Aviva India aim to build strong long-term relationships with our customers through insurance solutions that are designed with an understanding of their lifestyle and financial goals. Our focus is on segments and geographies where we know we can make a difference, to the lives of our customers. Aviva Affluence is based on that thought, it’s a total customer proposition meant for a select audience that desires to multiply their wealth.”
Some of the features of Aviva Affluence are:
- Choice to pay premiums for a limited period of 5, 7, 10, 15 years or for the entire policy tenure ( upto 30 years) as per convenience
- Opt from 7 funds and invest in the fund or combination of funds, according to risk appetite
- Option to enter the equity fund on a weekly or monthly manner through Systematic Transfer Plan, free of cost
- Systematic partial withdrawals to handle planned and unplanned needs that need regular cashflow
- Reward for completing the policy term where the Fund Value is paid along with Maturity Booster Additions
- ‘Increasing Milestone Boosters’ (IMB) to reward regular due premium payments made, for continued policies
- Life Protection with Built in Accidental Cover to ensure financial security of loved ones in case of any exigencies
Anjali Malhotra, Chief Customer, Marketing & Digital Officer, Aviva India, said, “In-depth customer research provided us with an insight that while high net-worth customers are on the lookout for financial instruments to multiply their wealth, they also expect certain customised services, in line with their lifestyle needs. Aviva Affluence will not only provide market linked opportunities for wealth creation but also offer a host of exclusive services that meet with the requirements of these discerning consumers.”
Some of the exclusive services offered by Aviva Affluence are:
- Dedicated customer service desk for preferential query resolution
- Product expert on call to help customers understand their policy as well as their options more comprehensively
- Interaction with a Fund Manager to give customers a deeper insight into the financial & investment world
- Cheque pick-up facility from location of choice
Aviva Affluence ensures customers spend today and meet their family’s desires without worrying about the future. It also adds to Aviva’s suite of complete insurance solutions, offering variety of products that addressing needs of different consumer segments at different life stages.
About Aviva India:
- Aviva India is a joint venture between Dabur Invest Corp (DIC) and Aviva International holdings Limited (AIH). Current paid up capital amounts to Rs 2,004.9 crore. DIC holds 74% of the share capital while AIH holds 26% of the share capital
- Aviva India is present in 121 locations across India
- Aviva India’s CSR program ‘Street to School’ focuses on empowering underprivileged children through education.
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