Aviva life insurance company India Ltd.
Aviva life insurance company India Ltd. is a private insurance company. It is a joint venture between the Aviva insurance group of UK and the Dabur group of India. Aviva is known as the
fifth largest insurance group in the world. Aviva offers various products that are meant to provide customers flexibility, transparency and the value for money.
Contact Address
Aviva Life Insurance Company India Ltd.
2nd Floor, Prakashdeep Building
7,Tolstoy Marg
New Delhi-11001
Website:www.avivaindia.com
Thursday, August 19, 2010
Monday, August 16, 2010
Life Insurance
A Person has to face several uncertainties like illness, accidents, unexpected situations till his death. A person can't be sure that he has sufficent amount to over come these uncertainties.These uncertainties situations can be avoid in future by investing in the best life insurance plan available. Life insurance policy is a contract between the insurance company and the policy owner. In this plan the insured pays a certain amount at fixed intervals or a lump sum amount known as the premium amountThe insurer agrees to pay the sum assured if any unexpected event takes place, such as terminal illness, critical illness or if the insured is deceasedGenerally the reason behind taking this policy is not the occurrence of any fatal incidents but it is the peace of mind that the insured has thinking of the fact that after them their spouse and children life is secure with this plan. When the insured person reaches at maturity age or he dies the policy matures.The assured amount is either paid in lump sum or a fixed amount is paid every month, which ever the insured or the beneficiaries opt for.
Health Insurance
Health Insurance pays for medical expenses. Health insurance is essential for covering disability and long term custodial care requirements. Health insurance policies can be purchased for a group, family or an individual .In these policies we pay the premium to get assured help in case of high or unexpected healthcare expenses in the future. While choosing these plans we make sure that these features are well defines such as Coverage, Co-Payments, Coinsurance, Deductibles, Pre-existing conditions/scenario, and limitations on the devices, drugs and your access to the specialists.
Thursday, August 12, 2010
Insurance company in India
The Indian Insurance sector has gone through several phases and changes.LifeInsurance and general insurance is a booming sector in India. Insurance sector in India is consider as a flourishing market amongst global insurance companies. Life insurance company of India is the largest life insurance company in India and it is still owned Indian government. If we look back to history dates 1818 in Calcutta. Oriental life insurance company was established by Europeans to their requirements. Nevertheless, there was discrimination among the life of foreigners and Indians, as higher premiums were charged. In 1870 Indian liver were covered at normal rates with first Indian insurance company Bombay Mutual Life Assurance Society.Life Insurance Companies Act, and the Provident Fund Act these two laws were passed by the Govt. of India in 1912 to regulate the insurance business . The oldest existing insurance company National Insurance Company was founded in 1906. Now a numbers of companies are operating their business with their different plans.
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