New Delhi/Mumbai: Aviva Life Insurance has announced the launch of its new Unit-Linked Insurance Plan – Aviva Affluence. It is an exclusive product aimed at high net-worth individuals and will be offered by Aviva Life Insurance’s best advisors, in view of the consumer profile it is intended for. The product offers customers, the option to choose from different premium payment terms, starting from 5 years going upto 30 years. The customer can use the policy to build a corpus or plan for systematic withdrawals, depending upon their need for finances. He may well choose to stay invested to meet long-term milestones, like ensuring funds for child’s education/ marriage, wealth building, retirement planning or creating a corpus for spouse under MWPA.
Trevor Bull, MD & CEO, Aviva India, said, “We at Aviva India aim to build strong long-term relationships with our customers through insurance solutions that are designed with an understanding of their lifestyle and financial goals. Our focus is on segments and geographies where we know we can make a difference, to the lives of our customers. Aviva Affluence is based on that thought, it’s a total customer proposition meant for a select audience that desires to multiply their wealth.”
Some of the features of Aviva Affluence are:
In case top up premiums were paid in the policy, there would be an additional payout of top-up Sum Assured OR Fund Value pertaining to top-up premiums OR 105% of top up premiums paid, whichever is highest of the three.
In case of death because of an Accident between ages 18 to 60 within the policy term, an additional payout on account of accidental death benefit is also payable. The amount of Accidental Death Sum Assured shall be specified in the Policy Schedule.
Anjali Malhotra, Chief Customer, Marketing & Digital Officer, Aviva India, said, “In-depth customer research provided us with an insight that while high net-worth customers are on the lookout for financial instruments to multiply their wealth, they also expect certain customised services, in line with their lifestyle needs. Aviva Affluence will not only provide market linked opportunities for wealth creation but also offer a host of exclusive services that meet with the requirements of these discerning consumers.”
Some of the exclusive services offered by Aviva Affluence are:
Aviva Affluence ensures customers spend today and meet their family’s desires without worrying about the future. It also adds to Aviva’s suite of complete insurance solutions, offering variety of products that addressing needs of different consumer segments at different life stages.
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