Aviva France, a major player in life assurance, long-term savings, fund management and general insurance, has launched Aviva Emprunteur – a new insurance policy covering personal, professional and property loans.
Aviva France, a major player in life assurance, long-term savings, fund management and general insurance, has launched Aviva Emprunteur – a new insurance policy covering personal, professional and property loans. This contract has a wide range of optional benefits that take into account the specific needs of policyholders.
Christian Martin, director of Aviva France life, pensions and actuaries products: "The market for loan insurance has become even more competitive since the implementation of the Lagarde Act*, which is why it is essential that we can offer our customers distinctive products that meet everyone’s needs whilst taking their specific requirements into account. This feature of Aviva Emprunteur allows more efficient extended cover to be offered particularly to our professional customers."
The main points of the new Aviva Emprunteur policy
- Irrevocable cover and rates
Cover taken out on joining and its rate are maintained throughout the life of the policy regardless of changes in personal circumstances of the insured such as a worsening of his state of health or the fact that he no longer performs a professional activity during his membership. - Occupational invalidity cover for the medical and paramedical professions carried out on an independent basis and for professions on an independent but regulated basis. This policy, which takes the specific nature of these profession’s activities into account, features a disablement assessment based on occupational incapacity alone, without taking any occupational retraining into account.
- Medical professions carried out on an independent basis and regulated professions carried out on an independent basis may also choose Permanent Partial Disablement cover from 16%.
- Unconditional hospitalisation cover for disco-vertebral and psychological illnesses with the Sérénité option.
The Sérénité option is a new optional policy within Aviva Emprunteur which permits compensation in the case of total temporary incapacity or invalidity resulting from disco-vertebral disorders or psychological illnesses without any conditions regarding hospitalisation. - Supports 50 % of the loan in the event of temporary partial incapacity.
If the insured partially resumes his activity after 6 months total temporary incapacity, he will receive 50% of the total amount of the insured loan for six months maximum. - Special rate for non-smokers.
- Extended cover
- The total amount of the insured capital in the event of death may reach €7,500,000.
- In the event of total temporary incapacity or permanent disability of the insured, the latter may be compensated whether or not he is performing a professional activity at the time of the incident.
- The maximum age for membership and termination of cover in the event of death is 85 and 90 respectively.
- A large range of optional cover
Aviva Emprunteur proposes optional coverage, in addition to the mandatory guarantees - death and complete and irreversible loss of autonomy - to meet the specific needs of customers and the requirements of lenders. - Total Temporary Disability (ITT), Partial Permanent Invalidity (IPP), Total and Permanent Invalidity (IPT), Occupational Invalidity (IP), reserved for medical and paramedical professions carried out on an independent basis and for regulated professions on an independent basis.
- Exemption from payment of the insurance premium.
- Insurability envelope reserved for professional loans.
* Law n°2010-737 – Article 21 and 61 – Since 1 July 2010, persons taking out a mortgage may now choose their own mortgage insurance when the policy they present has the level of cover which is equivalent to that of the group insurance policy offered by the lender.
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Press contacts:
Dominique Eluau
Telephone: +33 (0)1 76 62 67 19
Email: dominique_eluau@aviva.fr
Estelle Joubert
Telephone: +33 (0)1 76 62 57 86
Email: estelle_joubert@aviva.fr
Notes to editors:
About Aviva
Aviva provides its insurance and savings and investment products to 43 million clients. Aviva is the largest insurer in the United Kingdom and one of the leading life and property insurers in Europe. Grouped under a single brand, the Aviva's principal business activities are life insurance and long-term savings, fund management and general insurance. Customer satisfaction is one of Aviva’s main commitments which strengthens the sustainability of its business.
For more information, consult www.aviva.com/media and Twitter: @avivaplc.
About Aviva France
With more than 150 years' experience in France, Aviva provides a full range of products to three million customers, individuals and small and medium-sized companies. Aviva France is distinguished by a solid and profitable multi-distribution model: (general agents, brokers, life advisers, partners UFF). Aviva France's partners also include AFER, the leading association of savers in France, and the Crédit du Nord Group and motor manufacturers. Aviva directly employs more than 4,700 staff.
As at 31 December 2011, it recorded a consolidated turnover of €6.1 billion, an IFRS consolidated operating profit before tax of €543 million. The company managed assets worth €79.7 billion at 31st December 2011.
For more information on Aviva France, please consult www.aviva.fr/assurances/assureur-aviva/aviva-presse and on Twitter : @AvivaFrance