Mumbai: Private insurer Aviva India on Thursday launched new online term plan 'i- Life Secure' with built-in income protection for 15 years.
"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," Rishi Piparaiya, Aviva India Director - Marketing and Bancassurance, said in a release issued here.
Key features of the policy are - guaranteed income post death of life insured for the next 15 years, 10 percent of sum assured at the time of claim settlement and 6 percent per annum thereafter at every death anniversary of the life insured, for the next 15 years and premium rebate, if desired income is six lakhs annually and above.
Aviva India is a joint venture between Dabur Group and Aviva Group, UK-based insurance company and one of the world's oldest insurance groups.
