Article date: 7 August 2009
Aviva today announced that it has significantly increased its Group Income Protection Maximum Income Benefit Limit and Employer Pension Fund Contributions (PFC) meaning that it now offers the most generous maximum benefit formula in the market.
The Maximum Income Benefit Limit has been increased from £300,000 to £350,000 and Employer PFCs, which are available in addition to the £350,000 Income Benefit Limit, have increased from £50,000, to £75,000 with immediate effect.
Cover is also available for Employee Pension Contributions and Employer National Insurance Contributions.
Andrew Stephenson, group risk national sales manager, Aviva UK Health, said: “Aviva is totally committed to being a leading force in the group risk market. Increasing our Maximum Benefit Limit and Employer Pension Fund Contribution to £350,000 and £75,000 respectively, puts us at the forefront of the market, and is another prime example of how we continually enhance our terms to meet our customers’ changing needs.”
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Notes to editors:
Health and Wellbeing from Aviva
Established in 1990 as the healthcare arm of Norwich Union, Norwich Union Healthcare was re-branded to Aviva in 2009. We provide a range of private medical insurance, income protection, occupational health and group life products and services that cover over 2,400,000 lives. We are one of the largest providers of income protection, group life and private medical insurance in the UK.
Norwich Union Occupation Health, a sister company of Norwich Union Healthcare, was also re-branded to Aviva in 2009. Occupational Health provides occupational health solutions and services to a wide range of industry sectors. By utilising their large fleet of purpose built mobile clinics and approved medical centres, staffed by a team of experienced occupational physicians and nursing staff, the services are designed to meet the individual needs of clients.
Aviva Health UK Limited is authorised and regulated by the Financial Services Authority and is a member of the Association of British Insurers and the Financial Ombudsman Service.
Aviva’s news releases and a selection of images are available from Aviva’s internet press centre at www.aviva.com/media.
- Aviva, the international savings, investments and insurance group, is the world’s fifth largest insurance group, serving 50 million customers across Europe, North America and Asia Pacific.
- In the UK, Aviva is a leading provider of life, pensions, investment, general insurance and health products to more than 20 million customers. Aviva also provides roadside assistance through the RAC. Products are distributed through a number of channels including IFAs, brokers, corporate partners and direct to customers via the internet.
- Aviva's UK Insurance business has a market share of around 15%, making it the largest general insurer in the UK. The business is focused on insurance for individuals and small businesses.
- Aviva's life and pensions business in the UK has a total market share of 12% and a top three position in its key markets of savings, protection, and annuities.