Aviva improves group life insurance

Monday, 11 January 2010 12:00

Aviva has made a raft of changes to its group life insurance policies which include a boost to the free cover limit on schemes.

Existing and new Group Life policies have had the free cover limit formula increased from £15,000 to £20,000, multiplied by the number of lives covered under the scheme. This is subject to a maximum of £1.25 million.

Meanwhile, Aviva has also increased the maximum free cover limit from £1.25 million to £1.5 million for schemes covering 500 to 2,999 lives, and to £1.75 million for those covering 3,000 or more.

In addition, Aviva’s Group Income Protection product now offers a lump sum option or pay direct option to allow employers to control costs associated with long-term sickness absence.

Steve Bridger, head of group risk at Aviva, said: “With the workplace changing at an ever increasing pace, we’re committed to ensuring that we offer our customers market-leading products that respond to their changing needs, both in terms of financial protection and employee rehabilitation.”

Comments Bubble Comments

blog comments powered by Disqus

Twitter: My Finances

Join the conversation at #news_myfinances

Newsletter sign up


In addition to the weekly newsletter, which areas of finance would you like to hear from us about:

Tick this box if you would like us to send you promotions from carefully selected third parties.

By signing-up you agree to the terms of use and privacy policy.

sign-up button

Get the latest information on: