Life insurance for children as an investment has undergone a boom in recent years.
Life insurance for children as an investment has undergone a boom in recent years. Virtually every insurance company in the Czech Republic has various types of children's policies in its portfolio. Talisman, Aviva's fine-tuned children's policy, started offering a number of radical innovations straight after the New Year.
"We have nearly six years' experience in children's insurance and that has allowed us to bring in a series of improvements - if you take additional serious illness coverage for example, we have managed to relax the payout conditions, increase payments for some claim items and extend the list of insurance events covered, all this whilst reducing the premium paid by the client", explains Pavel Matoušek, general manager of Aviva životní pojišťovna, as.
"There are many other improvements, though, and there is no doubt that the new generation Talisman will rank amongst the very best children's insurance policies on the market. Through offering a financial bonus for attaining an important educational milestone, we are underlining our commitment to forward-thinking and also arming parents with a certain motivational element for their children," Pavel Matoušek adds.
The Talisman policy was brought in nearly six years ago. At the time it boasted a range of unique features and was the Rolls Royce of the children's insurance market. Aviva was the first to introduce additional serious illness cover onto the Czech market and this then became the inspiration for rival insurance products.
The main changes to the Talisman policy since the New Year are as follows:
- New or fine-tuned child cover
- New additional cover for injuries without long-term or permanent consequences, creating, in conjunction with the fine-tuned additional cover for long-term or permanent consequences of injury, comprehensive injury cover for children
- Revamped additional serious illness cover
- New additional hospitalisation cover
- Optional insurance amounts for additional child cover, amongst the highest on the market
- Reductions for additional child coverage - packages at favourable terms
- Possibility to insure a second adult
- Additional cover option ensuring exemption from payment of the insurance premium in the event of the adult's full work incapacity
- CZK 10,000 bonus in the event of passing the Maturita (Czech A Levels) (entry age of children 0-7 years).
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For more information please contact:
Milan Starý, Marketing Manager
Aviva životní pojišťovna, as
E-mail: milan.stary@avivazp.cz
Notes for editors:
The origins of Aviva date back to the end of the 17 century, more than 300 years ago. Aviva plc is currently the fifth biggest insurance group in the world, the foremost life insurance company in Europe and the biggest insurer in Great Britain. The company's core business is the provision of life and property insurance services and fund management.
Assets managed by the company as at 31 December 2006 exceeded £364 billion sterling. The company employs over 59,000 people, serving 40 million clients in more than 25 countries around the world.
Aviva plc has been active in the Czech Republic since 1997 via its 100% owned subsidiary company Aviva životní pojišťovna, as (known as Commercial Union životní pojišťovna, as until 2002). It is the first and only British life insurance company in the Czech Republic and specialises in investment life insurance products (Aviva EasyLife, Talisman, Aviva benefit). Aviva regional offices are to be found in all regions of the Czech Republic.