Life Shield Platinum and Aviva Dhan Varsha Launched by Aviva Life Insurance

Recently, Private insurer Aviva Life Insurance announced the launch of two new insurance plans - Life Shield Platinum and Aviva Dhan Varsha. These fulfill the requirement of loan protection, income protection as well as offer guaranteed returns.

Life Shield Platinum and Aviva Dhan Varsha are two traditional insurance products of Aviva Life Insurance.

Life Shield Platinum of Aviva Life Insurance is featured with options to choose the protection need ranging from life protection, income replacement or loan protection.

On the other hand, Aviva Dhan Varsha of Aviva Life Insurance is featured with traditional investment cum protection plan. It gives a guaranteed addition of 6 % to 9 % of the life cover along with life protection and riders to secure one's future.

An online news portal - money.oneindia.in, quotes a statement of Mr. T R Ramachandran, CEO and Managing Director, Aviva Life Insurance India, “…Moreover, the 2 products are on a traditional platform and take care of the problems on loan protection, income protection and provide guaranteed returns.

The country is underinsured with only 4% of insurance penetration and a growing base of insurable population in the age group of 15-59 years.

Aviva India is a joint venture between one of the country's oldest and largest groups, Dabur, and Aviva plc, the UK's largest insurance group, whose association with India dates back to 1834.

Our vision is to be amongst India's leading life insurers with a quality business model, focused on sustainable growth. We seek to build a robust product portfolio meeting all customer lifecycle needs related to - Savings, Retirement, Investments and Protection.”

Life Shield Platinum and Aviva Dhan Varsha traditional insurances products are benefited with various features like Smart Horizon Ulip Plan of SBI Life. These are helpful in savings, retirement, investments and protections. You can get the biggest advantage with Life Shield Platinum and Aviva Dhan Varsha insurance products of Aviva Life Insurance.

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Smart Horizon Ulip Plan Launched by SBI Life

Recently, Private sector SBI Life launched a Unit Linked Insurance Product (Ulip) - Smart Horizon. The plan is launched to provide long-term capital appreciation.

An online news portal about business and economy - economictimes.indiatimes.com, quotes a statement of MN Rao, SBI Life managing director, “The unique Automatic Asset Allocation feature makes Smart Horizon ideal for many evolving Indian investors who do have the time to make fund allocation decisions on an on-going basis.”

Further he said, “Automatic Asset Allocation (AAA), an algorithm-based active investment allocation mechanism. This IT-based system developed by testing over 5,000 potential scenarios in the Indian equity and bond markets, determines the optimal risk-return combination. The investment will be made in such a manner that initially there will be higher exposure to equities, followed by increasing exposure to debt and money markets as the plan nears maturity. Thus, AAA mechanism ensures better returns for investors, while protecting their capital.”

According to SBI Life, there is a great chance of better returns for the investors, while protecting their capital.

About the benefit of the plan, he added, “To avail the benefit of Automatic Asset Allocation facility, the customer can choose either Plan A or Plan B, depending on his risk appetite. Under Plan A, the equity exposure is higher as compared to Plan B. The product also provides the flexibility to allow the customer to actively manage his investment through a choice of four funds namely, Index, Equity, Balance and Bond Fund. This option is possible under Plan C.”

People can choose the plan according to their benefit. There is Plan A, B and C. There is flexibility also in each plan to manage investment through a choice of four funds - Index, Equity, Balance and Bond.

Smart Horizon Ulip Plan of SBI Life is compared with ING Market Shield ULIP. Both plans have greater offers for the investors.

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