Aviva Life Insurance introduces Aviva Income Suraksha fordefence sector
– A product specially curated for the nation’s Defence Force
Duration 10 or 12 Years (as per choice and paying capacity
Deferment Period
(The deferment period is to provide the flexibility to the customer to align the inflow of monthly guaranteed income to suit their life stage needs) 0, 3 or 5 years post premium paying term
Premium Pay-out at Maturity • Monthly income guaranteed for 10 years for premium paying term of 10 years(post deferment period)
• Monthly income guaranteed for 12 years for premium paying term of 12 years(post deferment period)
• Additional age related one-time benefit paid along with last monthly payout
Premium Paying Frequency Annual &monthly modes available with no extra charges for paying monthly and additional benefits for customers paying on annual mode
Death Benefit Similar structured payouts for 10 or 12 years as in maturity benefit with higher quantum of monthly income to take care of recurring expenses. The death benefit triggers on unfortunate demise of the insured.
Additional age related one-time benefit is paid along with last monthly payout.
Chennai, July 11, 2019: Aviva Life Insurance, one of India’s leading life insurance company, today announced the launch of “Aviva Income Suraksha”, a non-participatingtraditional retirement plan especially designed for the Defence Forces. The plan offers our soldiers the ability to plan their financial preparedness post retirement with utmost ease.It is aimed at providing an additional financial aid with a regular monthly income stream for all our customers.

Aviva Life Insurance introduced its Defence Channel last year. The success in this segment of the market encouraged the brand to go deeper, with a tailor-made proposition for the defence forces. Aviva Income Suraksha – is a customized proposition introduced by Aviva for thedefence channel to offer a customized financial plan specifically focused towards the “jawans” that protect our countries borders.

Commenting on the launch, Ms. Anjali Malhotra, Chief Customer, Marketing, Digital & IT Officer says, At Aviva Life insurance, the customer is at the center of all our product development process. With Aviva Income Suraksha, we aim to secure the financial future of the defence personnel, who are the protectors of our nation. The endeavor is to secure the lives of those who work tirelessly to protect us. The plan has been customized to their specific needs and will enable them to carry out proper financial planning for their growing needs through different life stages. “
“The defence personnel usually retire at a very young age between 38 to 42 years, thus lowering their primary income. With Aviva Income Suraksha, we propose a solution to support them with afinancial plan to meet most of their life goals like child education, saving for children’s marriage post early retirement, whilst they find alternate source of employment post defence service. Moreover, the premiums can be paid on monthly modes making it easier for them to save in small installments.”Ms. Malhotra further added

With the single-minded focus of delivering a comprehensive and differentiated proposition,Aviva Life Insurance introduced Aviva Income Suraksha in line with the brand’s vision of creating tailor-made products addressing to specific needs of customers. While the plan has been developed mainly for the Suraksha (defence) channel, Aviva Income Surkasha will be equally useful for all other customer segments with needs for income replacement or supplementary income.