Aviva India, a joint venture between Dabur Group and Aviva Group, has introduced i- Life Secure, a new online term policy that comes with a 15-year built-in income protection.
The new plan offers guarantee for 15 years following the death of the insured, and 10% of sum assured at the time of claim settlement.
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Aviva India’s i- Life Secure offers 6% per annum thereafter at every death anniversary of the life insured, for the next 15 years and premium rebate, provided desired income is 0.6m annually and above.
Aviva India Marketing and Bancassurance director Rishi Piparaiya said, "Aviva i-Life Secure ensures that your family and their needs are protected, be it your child’s school expenses, EMIs for housing loan or for that matter protection of your family by way of regular income when you are not around, all at a very nominal cost of premium."
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