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Review

AVIVA - What a way to fool customers

Aviva

Read all reviews on this product

Insurance Cos.

Review on Aviva

Posted on 28/07/09, by Sharan, Bangalore

Rates/Premium
Claim Settlement
Customer Service

Positives

no

Negatives

infinite

Review Text

My sincere request to every reader of this review is to keep themselves away from AVIVA. "I am paying 2100 bucks every month towards the premium and 10.3% out of it is service tax...". Read further if you require more reasons... or do not ever think of AVIAVA after watching Sachin Tendulkar's ad again...

To explain the loss.. I am paying 2100*12 = Rs 25200/- every year and out of it Rs 2595 towards service tax (for which I am not applicable for IT excemption)... and the worst past is it is an ULIP and now the AVIVA is investing the money so wisely that the money I have paid till now is worth only half the total (i.e half of 25000*2years = 50400/2=25200). What a way to fool people who are in search of some investments to save a mere income tax...

And we can surrender the bond after 3 years.. and god knows the NAV after one more year for my fate...

Better go for PPF where you will get 8.5% of interest for any amount u deposit.. and no service tax..  

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cosmicbomber