Aviva is prompting Australian families to consider all of their insurance needs together and to continually review their policies to ensure they are not under insured in any area.
“Of course many people think ‘it isn’t going to happen to me’, yet people are realistic enough to understand that they could lose their home or car, but don’t seem to be able to make the jump to protecting their finances in case of death or illness,” said Rob.
[4]For more information regarding life insurance or other protection products, such as income protection, please contact a financial adviser.
-ends-For further information please contact:
Simon Morgan
Group General Manager Public Affairs
Phone: (03) 9829 8892
Mobile: 0407 966 632
Notes to editors:
- Aviva Australia is a group of two specialist financial services companies: Navigator and Norwich Union Life Australia Ltd. Portfolio Partners is the Australian funds management arm of Aviva plc. Through these companies we provide products and services in the areas of wealth creation and wealth protection for more than 300,000 customers throughout Australia.
- Globally, Aviva Australia is part of Aviva plc, the world’s sixth largest insurance group, the largest insurer in the UK and one of the top five life companies in Europe. Aviva was formed in May 2000 through the global merger of CGU plc and Norwich Union plc.
- Aviva is a leading provider of life and pensions products to Europe and has substantial businesses elsewhere around the world. Its main activities are long-term savings, fund management and general insurance. It has premium income and investment sales from continuing operations of A$78.6 billion, and more than A$645 billion of assets under management (as at 7July 2005). The group has more than 60,000 employees and 30 million customers worldwide.
- The information in this document reflects Aviva Australia Holdings Limited understanding of existing legislation, proposed legislation, rulings etc as at the date of issue. In some cases the information has been provided to us by third parties. While it is believed the information is accurate and reliable, this is not guaranteed in any way. The information given in this document is of a general nature and has not taken into account the investment objectives, financial situation or particular needs of any particular person and it is not a substitute for professional advice. Applications to invest in a financial product issued by Aviva, or any of its related entities, must be made by completing the application form attached to the applicable Product Disclosure Statement ("PDS"). A PDS is available from Aviva or your financial adviser. Before making an investment decision on the basis of the information above, a prospective investor needs to consider, with or without the assistance of a professional adviser whether the information is appropriate in the light of their particular investment needs, objectives and financial circumstances. Aviva does not receive any remuneration in relation to the provision of information available from this press release which is of a general nature only.
[1] Investment and Financial Services Association (IFSA) ‘Cost of underinsurance project – analysis of life insurance needs’ conducted by Rice Walker Actuaries and TNS Australia, May 2005.
[2] Investment and Financial Services Association (IFSA) ‘Cost of underinsurance project – analysis of life insurance needs’ conducted by Rice Walker Actuaries and TNS Australia, May 2005.
[3] Insurance Council of Australia, ICA Non-Insurance and Under Insurance Survey, Sydney 2000.
[4] Calculation based on Aviva Protectionfirst death cover with no qualifications