Aviva enhances group IP/life products
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Aviva has enhanced its group income protection and life products.
Enhancements to its group IP plan include lump sum and pay direct options. The pay direct option means that there is no obligation for the employer to keep the employee on their payroll in order to receive benefits.
The provider has also increased free cover limits on its group life policies from £15,000 to £20,000 multiplied by the number of lives in a scheme, with a maximum of £1.25m.
Aviva has also increased the maximum free cover limit from £1.25m to £1.5m for schemes covering 500-2,999 lives, and to £1.75m for schemes covering 3,000 lives or more.
The increased limits are applicable for all new business and renewals.
Aviva UK Health head of group risk Steve Bridger says: “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.
“Group Risk continues to be a main focus for Aviva, and these enhancements are the first of many to be introduced in 2010.”
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