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Old 31st December 2020, 11:23   #421
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Default Re: Best Life Insurance provider

I am trying to pay for my LIC insurance policy but this year it is not permitting advance payment and wants me to pay on or after Jan 5th. I have always paid the policy in Dec till date, as it used to permit one month prior payments. Any idea why? Googling did not get me any result.
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Old 1st January 2021, 00:29   #422
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Default Re: Best Life Insurance provider

I would like to simply add that do not mix Life Insurance with investment policies.
A Life Insurance should be purely one, Term plan. It should not be mixed with Investment or returns.
Some private companies offer good returns, but I think LIC is still at the top. And so your investments should be a mixed bag, with at least one LIC policy.
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Old 5th January 2021, 21:28   #423
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Default Has Aviva Life insurance closed down?

I have term insurance from Aviva India from last 10 years. Today when I checked their website it seems they have a fixed page, only asking for premium payment. Nothing more in it. One cannot even login.

Have they closed down their operations in India? My 10 years of premium has gone down the drain in that case
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Old 6th January 2021, 10:32   #424
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Default Re: Has Aviva Life insurance closed down?

Quote:
Originally Posted by fordday View Post
I have term insurance from Aviva India from last 10 years. Today when I checked their website it seems they have a fixed page, only asking for premium payment. Nothing more in it. One cannot even login.

Have they closed down their operations in India? My 10 years of premium has gone down the drain in that case
No. The website works fine. Just checked it now. Life Insurance firms cannot close down so abruptly. There is a lot at hand for them to do before they close down. Infact Aviva probably broke even only in 2011/12
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Old 6th January 2021, 10:45   #425
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Default Re: Has Aviva Life insurance closed down?

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Originally Posted by subraiyr View Post
No. The website works fine. Just checked it now.
I tried to login as an existing customer just now, it does not proceed. Shows a vague message. I cannot even pay my premium online.

Seems something is not right.
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Old 6th January 2021, 12:37   #426
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Default Re: Has Aviva Life insurance closed down?

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Originally Posted by fordday View Post
I tried to login as an existing customer just now, it does not proceed. Shows a vague message. I cannot even pay my premium online.

Seems something is not right.
I have a term insurance expiring in a couple of years. While I think it is unlikely that an insurer folds up without a squeak in the media. On a selfish note, I hope they are around till my policy expires.
There are some rumours of a sellout to one of the promoters / ransomware attack etc. No official word though.
Did you try their call centers?

Last edited by whitewing : 6th January 2021 at 12:37. Reason: too many whitespaces
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