Aviva Life Insurance

Through Pazcare, buying Aviva group term life insurance for your employees will be a seamless process as we provide the best competitive quotes for your group term life insurance policy. With our tech-enabled dashboard and HRMS integration, the endorsement process also becomes easier and you can manage your employee in a hassle-free manner as well.  

How to buy Aviva Life group term life insurance from Pazcare?

These simple steps allow you to purchase the Aviva Life group term life insurance policy online from Pazcare.

Step 1: Visit https://www.pazcare.com/, click on the products drop-down and choose group term life insurance.

Step 2: You will be prompted to fill a form with details like your name, phone number, work email address, and the number of employees you wish to purchase Aviva Life group term life insurance.

Step 3: Once you submit this form, one of our insurance consultants will get back to you to understand your policy requirements. We will also ask for the active employee data like the employee ID, the CTC, the designation, etc. to give you quotes.

Step 4: Once the data is submitted, we will get back to you with the best quotes for the group term life insurance policy from the Aviva Life insurance company.

Step 5: You can accept the terms and conditions of the policy and pay the premium quoted for that year. The policy gets activated immediately after the payment is done.

Step 6: Our team will help you with the whole process and also take you through the Pazcare dashboard where you can manage the Aviva Life group term life insurance policy.

For further information, write to us at support@getpaz.com or call our customer care at +91 78291 11300. Alternatively, connect with us on Whatsapp using the number +91 81973 79596.

Aviva group term life insurance renewal

The Aviva group term life insurance can be renewed easily with Pazcare at the end of the policy term. Here is how you can renew the same.

Step 1: Get in touch with Pazcare. Submit the form containing all the relevant details like your name, name of the company, number of employees you wish to insure, work email address, and phone number.

Step 2: Once the submission is done, our life insurance consultants will get in touch with you and request you to share the following documents.

• Active data of the employees - name, age, gender, designation, CTC, Covid status and vaccination report, etc
• Claim history of the last 3 years along with the reason for the death of the employees (if any)
• Policy copy

Step 3: After submitting these details you can choose any additional riders to the policy at your convenience. Once you decide the same, we will get back to you with the best quotes for your Aviva group term life insurance policy.

Step 4: The next step is to accept the terms and conditions of the policy and pay the premium for your Aviva group term life insurance policy. 

Step 5: The policy gets activated immediately after the premium is paid. Our team will guide you through the whole process and help you with the onboarding process as well. 

We make sure that your Aviva group term life insurance experience will be seamless using our Pazcare dashboard. Your employees can access their policy using Pazcare’s employee app which is available on both the app store and the play store.

Aviva Life insurance company claim settlement ratio

Claim settlement ratio is one of the few things that an insurance taker must look at before finalizing on an insurance company. A high claim settlement ratio means that the company’s claim settlement is easy and trustworthy. Aviva Life insurance company has a claim settlement ratio of 98.01% for the financial year 2021-22. 

Aviva group term life insurance premium

The Aviva group term life insurance premium depends on various factors like

Designation & CTC of the employee

The designation and the CTC of the employee determine the premium of the group term insurance. For instance, some organizations choose the term insurance plan based on the CTC of the employees. So, higher CTC means a higher sum assured, hence the premiums may increase. Similarly, you can also give it based on designations. For example, 10 lacs for the executive level and 50 lacs for directors. 

Sum assured

Premium will also be based on how much sum assured the employer wants to offer. 

Risk category

The nature of the job and the risks involved for the employees also determine the group premium.

Claim history

In the case of renewals, the claims history for the last 3 years, the reason for the death of the employee also determine the premium of Aviva group term life insurance policy.