Paying for your policy

Premium Payments

It is now easier than ever to service your policy with the following payment options:

Cash or NETS

Visit us at our Customer service centre


  • Mail us your cheque along with your Premium Notice
  • Drop your cheque into our Cheque Deposit Box at our Customer Service Centre
  • Cheques should be crossed to "Aviva Ltd". Remember to write your policy number(s) and contact number on the back of the cheque
  • Do not send post-dated cheques

AXS Stations

  • You may now pay your Premium (S$) for your Insurance Policies at all AXS Stations in Singapore via Direct Debit Payment.
  • Select Bills > Insurance > Aviva and then - simply key in your Policy Number for your Insurance policies when making payments.
  • AXS will issue receipt for all payments made at AXS Stations.
  • Please note the maximum amount payable via Direct Debit Payment mode is subject to the daily limit you have set with your bank.
  • Please note that it takes 2 working days to update Successful payment.

Interbank GIRO

This service allows you to have your premiums automatically paid from your bank account. To take advantage of this fast and easy service, just complete and return the Application for Interbank Giro Form.

  • One application is required for each policy
  • It takes about 2 weeks for your Bank to approve your application. In the meantime, please continue to pay your premiums in the existing manner
  • Upon your bank's acceptance of the interbank GIRO application, you will receive a notification letter advising you of the GIRO deduction commencement date

The following table lists monthly premium deduction dates:

Policy with Premium Due Date 1st Deduction Attempt 2nd Deduction Attempt
Premium due 1st to 14th of the month 12th of the month 27th of the month
Premium due 15th to end of the month 27th of the month 12th of the next month

The 2nd deduction attempt will be made only if the 1st deduction attempt is unsuccessful. If the deduction date falls on weekend or Public Holiday, the deduction will be on the next working day.

If you need to make changes to your premium payment arrangement, download a Request for Changes for Individual Life Policies Form and return it by mail or fax.

Alternatively, you may also use the GIRO Application Service via DBS Internet Banking to apply for Interbank GIRO (for DBS/POSB Internet Banking users).

  • Select ‘Payment Services’.
  • Select ‘Add GIRO Arrangement’.
  • Select your account number for this GIRO Arrangement.
  • Select ‘ AVIVA LTD-LIFE 1’ as the Billing Organisation (BO)
  • Input your policy number as the Bill Reference No.
  • Click ‘Confirm’.
  • You will receive a notification letter from Aviva advising you of the commencement date of the GIRO deduction.

Internet Banking

DBS Bill Payment (for DBS/POSB Internet Banking users)

  • Select Aviva Ltd-Life Insurance and enter your Policy Number in the reference field


Will premium Billing Notices be sent to policyholders?

Billing Notices are sent for policies with payment method as Cash/Cheque regardless of the premium frequency. In addition, policies on quarterly, bi-annual and annual payment via interbank GIRO will also receive Notification Letters.

When are Billing Notices sent out?

Billing Notices are sent 2 weeks before the premium due date.

Will a reminder be sent if the premium remains unpaid?

A reminder Billing Notice is sent 2 weeks after the premium due date. This notice inform our customers that the premium is outstanding and that the policy may lapse if the premium is not received by the end of the grace period.

How long is the payment grace period?

The grace period begins on the premium due date and lasts for 30 days. If no premium is paid, policies without cash value accumulated will lapse.

Automatic Premium Loan (APL) / Non-Forfeiture Loan (NFL)

When a premium is not paid up by the end of the allowable grace period, an Automatic Premium Loan (APL) will be applied to pay the overdue premium if the Policy has acquired sufficient Cash Value.

An APL payment means you are taking a loan against the Policy's Cash Value. This loan allows the Policy to stay inforce, ensuring your coverage and benefits continue. The APL is charged at an interest rate of 6.5%, compounded at the Policy's anniversary.

As long as the premiums remain unpaid, Automatic Premium Loan will continue to apply for overdue premiums. In order to retain both your policy coverage and its accumulated Cash Value, you should redeem your APL (and any accumulated interest) as soon as possible. If the Policy Cash Value is ever exhausted your Policy will lapse and no longer be inforce.

To redeem your APL:

  • Contact us for an APL loan redemption quotation
  • Issue payment to Aviva Ltd

How do I redeem my APL?

You can contact us for an APL redemption quotation and make a partial or full payment for your APL.

Must I redeem all my outstanding APL?

No, you may make a partial or full payment. However, it is advisable to redeem your APL and interest accumulated as soon as possible. Otherwise, the APL and interest accumulated will exhaust your Policy Cash Value.

What will happen if I do not pay my APL and the interest accumulated?

Once the Policy Cash Value is exhausted by your APL and interest accumulated, the Policy will lapse and no longer be inforce.

Reviving A Lapsed Policy

It is important that you remember to make your premium payments on time. You have a grace period of 30 days from the premium due date to pay your premium. If the premium is not paid up by the stated grace period, your Policy will lapse unless your Policy has acquired sufficient Cash Value for an Automatic Premium Loan. A letter will be sent to notify you that the Policy has lapsed.

To return the Policy to inforce status (known as Reinstatement of the Policy):

  • Declare your health status again by completing the Application for Reinstatement of Lapsed Policy Form
  • Pay the outstanding premiums together with the interest charged on the outstanding premiums and indebtedness (if any)
  • If your health status has deteriorated, you may need to pay a higher premium after the underwriter's review

One hassle-free way is to pay your premium through Interbank Giro. You can safely know that your installments will be automatically deducted from your bank account when the premium is due. To get started, print a copy of the Interbank Giro Application Form.

How do I know that my Policy has lapsed?

You will receive a Lapse Letter from us.

How do I reinstate my Policy when I receive the Lapse Letter?

You can reinstate your Policy by completing the Application for Reinstatement of Lapsed Policy Form and paying the outstanding premiums within the grace period stated in the Lapse Letter. You may send the completed form and cheque using the provided pre-paid postage reply envelope.

Can I reinstate my Policy after the deadline on the Lapse Letter?

A lapsed Policy may be revived or reinstated to inforce status under certain conditions. You can reinstate the Policy by contacting us for a new quotation.