Aviva Life Insurance
Aviva Life Insurance Company is a joint venture between Dabur Invest Corp and Aviva Group. Dabur Invest Corp is one of Indias oldest and most respected business houses producing traditional healthcare products since time immemorial. Aviva Group is a UK based insurance group serving 31 million customers across 16 countries. Together Aviva Life Insurance has become a key player in insurance sector quality products and efficient service. The company boasts of being among the first companies to introduce modern unit-linked and unitized with-profit plans. The company leads the market in protection and child plans with world-class products and a strong sales force.
Aviva Life Term Insurance Plans
Term plans provide pure cover at a lower price. It is a wonderful life insurance tool that everyone must have. There are however different types of term plans that cater to different needs. The types of term plans include pure term plans, the return of premiums term plans, decreasing term plans, increasing term plans and convertible term plans.
What is a return of premium term plan?
A term plan usually doesnt have a return component. This means that the policyholder pays the premium only for life cover and if he lives, he doesnt receive any benefit at the end of the term. However, if you opt for a return of premium term plan, the premium will be returned if you outlive the policy period. This type of a term plan is however more expensive that a pure term plan.
Aviva Life Term Insurance Plans– FAQs
1. How to pay premium? What are the modes of payment available?
For receiving continuity of your benefits, it is critical to pay premiums on time. You can pay your AVIVA term Life Insurance premium through these 7 methods:
Auto Debit card or Credit card
HDFC/SBI/AXIS Bank debit card
Change Payment Mode
Step 1: Enter your Aviva Term Insurance policy details – policy number and policyholders date of birth
Step 2: Select your online bank account or debit/ credit card to make the payment
Step 3: Authenticate and confirm your payment details and receive online confirmation
2. How can I check policy status for Aviva term insurance?
As a registered user, you must log into the e-portal with your Client ID and password to check the Aviva term insurance policy status.
3. What is the policy renewal process for Aviva term insurance?
Online Policy Renewal facility is available to all Aviva customers. The process is as follows;
Step 1: Login into e-portal with your Client ID and password.
Step 2: Select the policy due for renewal payment. Click Pay Renewal Premium Now
Step 3: Choose payment option- NEFT, Credit Card/Debit Card
Step 4: Authenticate and confirm your payment details and print out the payment receipt
4. What is the companys process to settle claim for Aviva term insurance?
For Aviva Health Plus policyholders, Cashless facility is permitted in case of for surgery or hospitalization. For others the process is as follows;
Step 1: Complete the claim form
As per your policy T&C and options, you need to duly fill the forms for claims against riders, hospital cash benefit, death benefit, gratuity and group term insurance.
Step 2: Arrange for correct documents
Based on the claims made, you need to attach the correct supporting documents. You can submit the documents in original or photocopies attested by a Gazetted officer or Magistrate.
Step 3: Arrange for medical reports for medical related claims
In case of hospitalization or surgery; produce the relevant medical reports and bills, issued by the attending physician, who is qualified to issue such a report.
Upon completion of the above-stated documentation, submit them to your nearest AVIVA branch office. Alternatively, you can send the documents to us by post:
Aviva Life Insurance Company India Limited
Aviva Towers, Sector 43,
Opposite DLF Golf Course,
5. What is the policy cancellation process for Aviva term insurance?
The Aviva Term Insurance policy holders must attach all the relevant policy documents along with a duly filled surrender form at any of the branch locations in their city. The value of their units will bbe calculatedat the current market rates, if documents are submitted before 3:00 PM, else the next days market rates will be used to calculate unit price.
HDFC Standard And Birla Life Bidding For Aviva Life