Aviva Life insurance launched online term plan i-Shield

Private insurer Aviva Life Insurance recently launched i-Shield, an online term plan with return of premium. Aviva i-Shield provides life cover with a provision of return of 110 per cent of paid premium, in case the insured survives the policy term, the private insurer said in a release. Read more

Insurance news: Every five minutes an online term plan is bought in India

Despite a slowdown in the life insurance sector, sales of online term plans are booming. Nearly 55,750 term policies were sold in the past six months, an average of one policy in every five minutes. Whereas in 2011-12, nearly 49,500 plans were sold. Read more