Aviva Life launches two products, enters pension business

New Delhi: Aviva Life Insurance has announced the launch of two new individual products: PensionPlus, a regular savings personal pension plan; and Secure Life, a term insurance with a premium back plan. With PensionPlus, Aviva has forayed into the pension market.

One of the features of PensionPlus is indexation, which is the option of increasing the premium at policy anniversaries, thereby maintaining the real value of the saving at all times.

PensionPlus also offers the option of making lump sum investments through additional single premiums at any time, apart from regular premiums. This helps in increasing the savings value of the policy.