When they take out a loan, borrowers also have to take out insurance to cover the repayment of the loan in case of death, disablement or incapacity.
When they take out a loan, borrowers also have to take out insurance to cover the repayment of the loan in case of death, disablement or incapacity.
Due to a lack of information, borrowers are often unaware that they can take out this insurance elsewhere rather than from their lender.
To strengthen its position in the loan protection insurance market, Aviva announces the launch of Aviva Emprunteur.
Aviva Vie's new loan protection policy covers personal and business loans such as graduated payment loans, bridging loans, bullet loans, property and equipment leasing, etc, but not revolving credits, overdrafts or consumer loans. It also strengthens the company's presence in the market for personal provident insurance.
This new policy for borrowers includes a very wide choice of covers so that each insured can be offered the cover that suits him best: with no compulsory or packaged plan to sign up for, Aviva Emprunteur adapts to the requirements of the lender and to the customer's financial resources and requirements.
Two innovative covers
Aviva Emprunteur is introducing two innovative new optional covers:
- Professional Disablement, for the medical and paramedical professions.
- Permanent Partial Disablement, for all professions, taken out in addition to Permanent Disablement or Permanent Partial Disablement cover.
With Aviva Emprunteur online, advisers will be able to create a draft and draw up the policy instantly (in the case of immediate acceptance) or proposal.
This launch is part of the general plan for taking out insurance online, which enables all contributors to draw up the various aspects of the life insurance policy on the customer's premises, anywhere in France.
The advantages of the Aviva Emprunteur policy:
- Rating, taking out and proposal online
- Highly competitive rates for non-smokers and covers in excess of €75,000
- More flexible conditions for acceptance with the removal of thresholds for the application of medical formalities
- Extended coverage with the Permanent Partial Disablement cover
- Additional cover for medical and paramedical professions with Professional Disablement cover
- Wide range of optional modular covers.
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Press contacts:
Aviva Vie
David Chenu
Telephone: 01 76 62 67 92
E-mail: david_chenu@aviva.fr
HDL Communication
Valérie Dudoit
Telephone: 01 58 65 20 16
E-mail: vdudoit@hdlcom.com
Notes to editors:
About Aviva
Aviva is the leading provider of life and pensions to Europe with substantial positions in other markets around the world, making it the world's fifth largest insurance group based on gross worldwide premiums at 31 December 2006. Aviva's principal business activities are life insurance and long-term savings, fund management and general insurance, with total sales of €56.7 billion and funds under management of €499 billion at 31 December 2007.
With more than 150 years' experience in France, Aviva is among the top 10 players in the insurance market. Aviva France is distinguished by a balanced multidistribution model which has proved itself: 875 general agents, 1,800 agency staff, 400 life advisers, more than 1,000 brokers, partners (Union Financière de France and Médéric). Aviva France's partners also include AFER, the leading association of savers in France, and the Crédit du Nord Group. Specialising in unit-linked products, Aviva is well-known for the performance of its long-term funds and its strong commitment to its customers through its Good advice approach. Aviva has more than 3,300 employees. As at 31 December 2007, Aviva France recorded a consolidated turnover of €6.5 billion, a consolidated operating profit of €338 million (based on intrinsic value - EEV/IFRS norms) and managed assets worth €74.2 billion.