With the same premium, the Business organization has the right to select Projection option for Employees:
Priority for Investment and saving: Employees will receive the level protection benefit which is the higher value between the Sum Assured and Policy Account Value at time of the Insured's death.
Priority for Comprehensive protection: Employees will receive the advanced protection benefit which is equal to the sum of Sum Assured and Policy Account Value at time of the Insured's death.
TOTAL PERMANENT DISABILITY BENEFIT
Employees are entitled to receive 100% Death benefit.
CREDITING INTEREST R
Business organization and Employees (*) are entitled to increase Policy Account Value with attractive interest crediting rate from the results of Universal Life fund. Aviva guarantees that at any time when the Policy is in force the applied Interest crediting rate is not below the guaranteed interest crediting rate.
|Guaranteed interest crediting rate
(upon Policy account value)
(*) Beneficiaries depend on agreements between Business organization and Employees about working time, productivity...
Business organization and employees (*) receive maturity benefit as a saving benefit on the maturity date with a 100% payment of all the Policy account value.
Policy Account Value = Allocated premiums + Accumulative Interest – (Monthly deductible amount + Partial withdrawals + Partial withdrawal charge).
Term life rider
Critical illness rider 2015
Business organization is able to choose supplementary benefits to increase the protection for employees under human resources policies with preferential rates. The additional benefits include: