How is the Aviva life insurance plans?

Question

How is the Aviva life insurance plans?

Answer 1

Ravi,

Selecting a plan is entirly on its costs and fund performance. You have to calculate that. ULIP is a product intend to for long term purpose. 10 or more years are better. find your term, decide your amount, identify following cost for each year.

Premium allocation charges

Fund management cost

Policy administration charges.

Once you calculated, compare the total 10 years charges with one years premium. The cost should come under 70% of 1 year premium or the ULIP is costly.

Also, you should get the details of fund perfomance for at least lat 5 years. This performance should beat the bench mark continously.

If you are  not able to calculate and identify one, visit my blog uyse my contact form, I will identify a best one for you to start in the sense of cost and performance.

I know this terms and calculations are little difficult for a newbie

does this make sense

Answer 2

I hope you are talking of Aviva India.

Their claim rejection ratio is 9.19% as per IRDA declared figures in Economic Times of 29.4.08. (Lowest being LIC at 1.43%)

Accumulated losses of Aviva as on 31.3.2006 as per IRDA report is around Rs. 145 Crores.

Answer 3

Don't know, but I went to selectquote.com... my cheapest was ING, reliastar underwriting and it's 252.50/yr!   Plus, I smoke.  Selectquote took care of EVERYTHING.  I recommend them for your best bet.

Answer 4

Well you are asking two different questions.  Aviva the company is fine.  They merged with AmerUs Life Insurance Company.

As for the plans term is term and is only as good as the company that is underwriting them.  So no problems with their term as they are a good company.

For the permanent policies please never pick and Whole Life or Universal Life (UL) policy.  Please use the Variable Universal Life (VUL).  Whole and UL are not securities so they can charge any fee they  want and hide it from you.  In a VUL if you ask they can show you every fee inside the policy.  Most advisors won't understand it enough to explain the fees but you can see them.

If you want the so called "security" of a whole or UL just choose the  company's fixed account.  Anyone that can't offer a VUL isn't licensed to sell it and can't offer good advise to you on all your options.

Answer 5

Aviva has some good policies.  Are you thinking of buying or selling?

Answer 6

Aviva just changed their name from AmerUs.  They have fine plans.  You can look at their plans and those from ~150 other companies using the quoting tool on my site.  No invasive information is required to get the information just date of birth - no name - no address - no phone number.  Feel free to use it.

Jeff

Answer 7

fine,specially there pension plans

Answer 8

ya aviva hav tw -three good plan wanna know more call at 9873916921