Aviva Life Insurance today announced its foray into health insurance with the launch of Aviva Health Plus, a unique health insurance product which guarantees maturity benefits.
Aviva Life Insurance today announced its foray into health insurance with the launch of Aviva Health Plus, a unique health insurance product which guarantees maturity benefits. The plan assures return of premium amount even if a medical claim is made during the policy term and offers guaranteed maturity benefits even on claiming all health benefits.
Speaking on the occasion, Bert Paterson, managing director & CEO Aviva India, said: "Aviva Health Plus is a comprehensive health plan encompassing all the benefits which would help policyholders to be prepared for contingencies at any point during the policy term. This is indeed a unique product with guaranteed maturity benefits and same premium for all age-groups."
Key USPs of Aviva Health Plus:
- Same premium for all age-groups
- Same benefits for all age-groups
- Guaranteed maturity benefit. Return of more than 100% premiums for individuals up to 45 years of age irrespective of any claims
- No investment risks
- No medical tests for individuals up to 45 years of age
- Fixed benefits paid regardless of actual costs incurred
- Premium payments deductible from income u/s 80D and 80C
- Cash benefits and returns on maturity exempt from tax u/s 10(10D)
The plan also provides for accidental death and disability benefit, sickness-only total permanent disability benefit, death benefit, critical illness benefit, surgical cash benefit, hospital cash benefit and death benefits wherein, upon death, the full sum assured is receivable, irrespective of the health benefits earlier claimed for. Aviva Health Plus is targeted at the age group 18 to 55 years. The premium payment term is five years and annual premium is Rs35,000, which is fixed for all ages.
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For further information, please contact:
Pooja Garg Khan
Aviva Life Insurance
Phone: 0124- 2709082
E-mail: pooja.khan@avivaindia.com
Notes to editors:
About Aviva India
Aviva Life Insurance is a joint venture between Dabur and Aviva. Current paid up capital amounts to 758 crores. Dabur are the 74% shareholder and Aviva the 26% shareholder. 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 fifth largest insurer worldwide, with 40 million customers and £377 billion assets under management. Prior to nationalization, Aviva was the biggest of the foreign insurers operating in the Indian market.
Founded in 1884, Dabur is one of India's oldest and largest groups of companies with the group's consolidated annual sales in excess of Rs 2,233 crores. A professionally managed company it is the country's leading producer of traditional healthcare products.
Aviva pioneered the concept of Bancassurance in India, and has leveraged its global expertise in this area successfully in India. Bancassurance has been contributing close to 60% of the total sales of Aviva India. Through its branches and its Bancassurance partner locations, Aviva products are available in more than 1,600 towns and cities across India.
Aviva's products have been designed in a manner to provide customers flexibility, transparency and value for money. We have been among the first companies to introduce Unit Linked products in the market.
Aviva has a unique need based sales approach through the "Financial Health Check" (FHC). The FHC is a free service administered by our FPAs (Financial Planning Advisers) for a need-based analysis of the customer's long-term savings and insurance needs. Depending on the life stage and earnings of the customer, the Financial Health Check assesses and recommends the right insurance product for them.