Aviva Life Insurance Company

Aviva Life Insurance is an Indian company, and a joint venture between Aviva Group, a British assurance company, and Dabur Group, an Indian conglomerate.

AVIVA Group-A UK based insurance group, whose association with India dates back to 1834 and serves 33 million customers across 16 countries.

Dabur Invest Corp-One of India’s oldest and most respected business houses and the largest producers of traditional healthcare products.

Aviva Life Insurance Company deals in several products such as term plans, endowment plans, child policy, single premium plans, and many more.

Life insurance is a way to secure your different needs in a disciplined manner. It is a legal agreement and the terms of the contract explain the restrictions of the insured events. The policyholder pays a premium regularly or in a lump sum. Other expenses (such as funeral expenses) can also be included in the settlement.

Life insurance is a contract between the life insurance company and the insured under which the insurer promises to pay the sum assured which is a predefined benefit that you will receive in case of any emergency of requirement as per the policy’s document. Under the same, the insured person has to pay a decided amount which is also popular as a premium to the insurer to continue its policy.

If we talk in simple terms then, if you purchase a life insurance plan, the insurer promises to pay a pre-decided amount in a case where it is required that’s is your unfortunate death. Under the same, the company would be liable to pay an amount to the beneficiary as per stated in the document. In return, you have to pay a pre-decided amount on a regular basis, which is known as premium till the date of your death during the policy tenure.