Aviva Life Insurance today announced the launch of its Group Gratuity product, a unit- linked product designed primarily for the corporate sector to help employers plan and create a fund to fulfil their future obligations in a systematic manner.
- Expands and strengthens the Group Business Portfolio
Aviva Life Insurance today announced the launch of its Group Gratuity product, a unit-linked product designed primarily for the corporate sector to help employers plan and create a fund to fulfil their future obligations in a systematic manner. This product aims to provide a well-planned fund giving give tax benefits to the employer and above all financial security to employees at retirement or at the time of leaving the employment.
Group Gratuity plan can also be customized as per individual requirements to provide benefits beyond the statutory obligations. It provides options for financial security in the event of an accidental death and permanent or total disability.
Stuart Purdy, managing director, Aviva Life Insurance Company India Pvt. Ltd, said: “We are now focused on strengthening the product portfolio of our group insurance business. Having launched the Group Superannuation product, the launch of Group Gratuity product is an initiative towards this direction. The product provides the flexibility to invest in various unit linked investment funds and transfer of past service contributions. This is yet another innovation in Insurance product by the company.”
With the addition of this product, Aviva now offers a whole range of corporate solutions and also has a dedicated team that will target corporates in the country.
For further information, please contact:
Vivika Dass
Aviva Life Insurance Company India Pvt. Ltd.
e-mail: vivika.dass@avivaindia.com