| 1) |
Why should I take a life insurance policy ? |
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There are compelling reasons for taking a life policy :
A Life Insurance policy will enable you to strengthen your financial stability to face the future with confidence - as you receive a fund at maturity.
A Life Insurance plan can also provide financial support to face the uncertainties of life such as critical illness, disability etc.
Further an insurance plan will enable a person to financially support their loved ones if they are no longer with them. |
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| 2) |
What is the best AVIVA NDB life policy that I can select? |
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Our plans are essentially personalised to suit individual needs. As such in order to recommend any specific insurance plan for you, we will need more information - such as your age, your needs for the future - i. e. the size of the fund you wish to build for your retirement, whether you need a plan to protect your child's education, or need additional covers for critical illness, etc.
If you complete our Needs Review form and submit it to us we can personalise a plan just for you. |
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| 3) |
What can I do to overcome the effects of inflation? |
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YES. You can have any number of insurance policies. Benefits will be paid on all of them. |
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| 4) |
Can I increase the life cover? |
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YES on the next policy anniversary date, depending on your age and health conditions and the benefits already taken. *
*Please contact us for further details. |
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| 5) |
What can I do to overcome the effects of inflation? |
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You are offered the option of increasing your life cover by 10% annually, so that you can increase your maturity value as a hedge against inflation. |
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| 6) |
Can I take a policy for my child? |
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The purpose of considering insurance for your child, is to provide valuable financial protection if you are not there or, to provide for a fund build up for his/her future.
Therefore you (the parent) will be the life assured, while naming your beloved child as the beneficiary of the policy.
Hospitalisation cover for your child however, can be taken, whereby you receive a cash payment if your child is hospitalised. |
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| 7) |
Can I include my husband/wife? |
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YES. You can. If the main life assured dies, the spouse can continue the policy by paying only his/her part of the premium.
The spouse cover benefits include life cover, hospitalisation and critical illness. ( the latter two benefits cease on death of the main life assured, but the life cover continues) |
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| 8) |
Can I include my child/children? |
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YES as beneficiary/beneficiaries.
You can also obtain hospitalisation cover for them, whereby you receive a payment if they are hospitalised. In the Sunrise child plan this benefit continues even after the death of the parent. |
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| 9) |
What are the "additional/rider benefits" available along with the life cover? |
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Additional Life benefit
By paying an additional (nominal) amount, your original life cover can be increased up to 5 times
Accident/Disability cover
Increases the original life cover up to 3 times in the event of accidental death.
Further in the case of permanent or partial disablement due to an accident you will receive a cash fund depending on the disability.
Hospitalisation cover
Provides a daily cash payment of up to Rs 5000/= per day from the first day onwards, if you are hospitalized for over three days.. This sum is doubled if you are admitted to the Intensive care Unit. This benefit can be extended to your spouse and children as well.
Critical illness cover
Financial assistance up to a maximum of Rs 1.5 million if diagnosed with 21 identified critical illnesses.
Spouse cover
Spouse cover benefits include life cover, hospitalisation and critical illness. If death of the main Life assured occurs however, these benefits cease.
Waiver of Premium Benefit
The payment of premiums will be waived in the event of total permanent disablement
(due to accident or sickness), so that the policy can be continued for the policy period with all the benefits.
Automatic cover enhancement
You have the option of increasing your life cover by 10% annually, so that you can increase your maturity value as a hedge against inflation and maintain the value of your investment fund in real terms year on year. |
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| 10) |
How can I include any additional benefits? |
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Call 011-2310310 or email us with your need and we will advise you |
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| 11) |
What methods can be used to pay my premiums? |
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You can pay: |
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(a) At any AVIVA NDB branch |
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(b) At any Bank of Ceylon or Sampath Bank branch |
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Obtain a bank slip from the Bank or us. Keep your copy as proof of payment |
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(c) Through HSBC ATM's, Phone and Internet Banking |
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(d) Through a Bank Standing Order |
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Obtain standing order from us or the Bank. |
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(e) Through Master /Visa card |
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• Pay online |
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• Complete the credit mandate and advise us to deduct the premium from your credit card regularly |
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• At our AVIVA NDB City Office or Life Link |
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(f) By cheque |
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Draw in favor of AVIVA NDB Insurance Co. Ltd. PLC, O/A of Policy No ....... and post to
AVIVA NDB Insurance, P. O. Box 2088, Colombo 2. |
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| 12) |
Can I revive a lapsed policy? |
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YES if it is within 3 years from the date of your last premium. Please email us or call us on 011 2310310 for more information. |
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| 13) |
I can't get in touch with my AVIVA NDB Sales Associate, what should I do? |
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Please contact AVIVA NDB Life Link on 011- 2310310 or email us
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| 14) |
What other benefits will I have when I take a AVIVA NDB Insurance for Living Plan ? |
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You are assured of an extremely efficient and professional service. |
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The stability/solvency of the Company demonstrates its long term commitment to deliver promises and provide higher security to policy holders. |
See how we professionally manage our funds. |
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| 15) |
How does the dividend system work? |
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AVIVA NDB plans help build a fund to meet your future financial commitments. Your plan continues to build with the unique AVIVA NDB dividend system. A separate investment account is maintained for this. The investment portion of your premium is deposited in this account every time you pay. Annual dividends will grow your fund on a compounding basis. For the last 13 years we have always declared higher dividends than promised |
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| 16) |
How do I nominate a beneficiary? |
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This is usually done at the time of commencement of the policy.
Contact us if you wish you can also to include new beneficiaries or remove your previous beneficiary. |
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Life Insurance