Every individual has financial goals which he/she wants to achieve over a period of time and hence they choose various tools which play a role in them trying to achieve their dreams. Loans, recurring deposits and credit cards are some of the basic instruments which help us in trying to fulfill those requirements. Nobody can predict the future and so is death, hence, Aviva offers special plans which enables an individual to see his/her dreams become a reality irrespective of whether he/she is there or not. Rural/Credit Protection Plans are group schemes which aim to cover people who have taken loans or instruments similar to it.
Some of the benefits provided by Rural/Credit Protection Plans are:
There are two Rural/Credit Protection Plans offered by Aviva.
|Plan name||Entry Age||Premium|
|Aviva Group Life Protect Plan||Minimum- 18 years Maximum-69 years||The premium payable will calculated on the given formula: 16.08x total loan amount/1000|
|Plan name||Entry Age||Premium|
|Aviva Credit Suraksha||Minimum- 18 years Maximum- 64 years||Premium payable will depend on various factors such as age of the members, sum assured, group size etc.|
You all have dreams which you want to fulfill for your family and near and dear ones. Hence, you take loans and other similar instruments in order to achieve your goals. Since, nobody can predict the future, death is an imminent event which could happen anytime, you require a tool so as to ensure that the payment of loan is done in a smooth manner and also to protect your family from the loan sharks regardless of whether you are there or not. Aviva offers group plans called Rural/Credit Protection Plans which aim to provide cover and help clear pending loans incase you are not there in future.
Aviva Life Insurance is a joint venture between Aviva International Holdings Limited and Dabur Invest Corp, two of the oldest financial institutions functioning today. Aviva Life Insurance is considered to be one of the top insurers in India and offers a variety of products to its customers. It is also one of the best when it comes to taking care of their customers as it boasts of having a 100% success rate in addressing their consumers’ grievances. They are also the recipient of various awards which only goes on to establish their image as one of the biggest and best insurance companies in the country right now.
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