Aviva launches two traditional insurance products

New Delhi: Private insurer Aviva Life Insurance on Thursday launched two new insurance plans that seek to address concerns on loan protection, income protection as well as offer guaranteed returns.

Life Shield Platinum comes with options to choose the protection need ranging from life protection, income replacement or loan protection, Aviva Life Insurance said in a statement.

The other plan Aviva Dhan Varsha, traditional investment cum protection plan which gives a guaranteed addition of 6 per cent to 9 per cent of the life cover along with life protection and riders to secure one's future, it said.

"We believe that term insurance products like Life Shield Platinum will act as a catalyst in providing protection to many more Indians at affordable rates," said Aviva Life Managing Director T R Ramachandran.