Aviva Life Insurance today announced the launch of its Group Superannuation product.
Aviva Life Insurance today announced the launch of its Group Superannuation product. The product is a part of Aviva’s Group business initiative.
Group Superannuation is a defined contribution unit-linked plan, designed primarily for the corporate sector to provide pension benefits to their employees at the time of retirement. The employer can make a contribution of up to 15% of basic salary of the employee towards this fund. The employee can also make voluntary contributions into the Superannuation fund. The product offers five fund options of Cash, Debt, Secure, Balanced and Growth with two free switches every year and a capital guarantee on Cash, Debt and Secure funds.
Speaking on the launch of the product, Stuart Purdy, managing director, Aviva Life Insurance Company India Pvt Ltd, said: "Our product profile is one of our key differentiators, with transparency and flexibility as its main features. Keeping the same philosophy in mind, we are now focused on strengthening the product portfolio of our Group Insurance business. The launch of Group Superannuation product is an initiative towards this direction."
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For further information, please contact:
Preeti Bakaya
Aviva Life Insurance Company India Pvt Ltd.
tel: +91-124-2804141
mobile: +91-98-108-94972
e-mail: preeti.bakaya@avivaindia.com
Notes to editors:
Aviva offers modern and contemporary unitised products that offer unique customer benefits like flexibility to choose cover levels, protecting the real value of the policy against inflation and partial withdrawals. Aviva’s products include whole life (LifeLong), term (LifeShield), endowment (LifeSaver), child policy (Young Achiever), single premium (LifeBond), regular savings personal pension plan (PensionPlus) and a five year recurring premium investment plan (LifeBond 5).
About Aviva
Aviva Life Insurance is a joint venture between Dabur and Aviva. Aviva Plc is the UK’s largest insurance Group and the world’s oldest insurance Group, with a history dating back to 1696. Today, it is the seventh largest insurer worldwide, with 30 million customers and Ł240 billion assets under management.
Founded in 1884, Dabur is one of India’s oldest and largest groups of companies with the Groups consolidated annual sales in excess of Rs 1,350 crores. A professionally managed company it is the country’s leading producer of traditional healthcare products.