Aviva Life Insurance| Loan Suraksha

Loan Suraksha of Aviva life insurance is yet another rural group insurance policy that has been planned especially for banks as well as micro financial institutions that offers loan for vehicle and housing purposes. The purpose of this policy is to offer Insurance cover against the losses that has been incurred by them due to the fateful death of the person that has taken the loan.

Some of the features and benefits of the Loan Suraksha of Aviva life insurance are as follows:

People who are between the ages of eighteen and sixty years are allowed to have this policy. This means that people must be more then eighteen years but not more then sixty years to have this policy. People up to the ages of sixty five are also careful here.
Since this is a group Insurance Policy therefore the banks of the financial institutions here are referred as the master or head policyholder.
The maximum and the minimum term of this policy is twenty-five years and three years.
The term for the payment of the insurance premium is single and so is the premium payment frequency.
The main of this policy is to offer financial assistance to the members after their death. This policy also relieves the dependent family members of the deceased member from the financial force that might arise out of the unpaid loan amount.
In this policy the master policy holder is also eligible for getting tax benefit, which is as per the rules of the Indian income tax act, 1961.

These are some of the features and benefits of Loan Suraksha of Aviva life insurance. For more details about this policy, people are requested to have a visit at their nearby branch office of Aviva life insurance.

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Aviva Life Insurance| Loan Suraksha

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