Alternative premium relief measures

As the uncertainty continues, having adequate protection is now more important than ever. We're here to help you navigate these challenging times by offering you alternatives to keeping your policy in force.

Non Investment Linked Plans*

Life, Savings, Health and Retirement Plans

With Net Surrender Value^

• Change your premium payment frequency to monthly instalment
• Activate Automatic Premium Loan as long as there’s sufficient Net Surrender Value to finance the instalment premium
• Apply for Policy Loan
• Reduce the Sum Assured of the basic plan/ supplementary benefits
• Convert your policy to a Reduced Paid Up policy with a reduced Sum Assured

Without Net Surrender Value^

• Change your premium payment frequency to monthly instalment
• Apply for Premium Reduction
• Reduce the Sum Assured of the basic plan or the supplementary benefits/ benefit amount
• Switch to a lower coverage (only for hospitalisation plans)

Important notes:

*Please refer to your policy contract for the standard terms and conditions. 

^Net Surrender Value refers to your policy’s accumulated Cash Value you will receive upon cancellation of the policy. Log in to MyAviva to check your policy has Net Surrender Value.

If your policy was terminated, it can be reinstated within 12 months from the policy lapse effective date. Find out how you can reinstate your policy.

Investment Linked Plans*

Investment Plans with Life insurance coverage

With Net Surrender Value^

• Change your premium payment frequency to monthly instalment
• Activate Premium Holiday as long as there’s sufficient Net Surrender Value to finance the instalment premium
• Apply for Premium Reduction

Without Net Surrender Value^

• Change your premium payment frequency to monthly instalment
• Apply for Premium Reduction

Important notes:

*Please refer to your policy contract for the standard terms and conditions. 

^Net Surrender Value refers to your policy’s accumulated Cash Value you will receive upon cancellation of the policy. Log in to MyAviva to check your policy has Net Surrender Value.

If your policy was terminated, it can be reinstated within 12 months from the policy lapse effective date. Find out how you can reinstate your policy.

How to proceed

Learn more about how you can proceed after you've selected your premium relief option.

Automatic Premium Loan

Changing of premium payment frequency

Conversion to Reduced Paid Up

Premium Holiday

Premium Reduction

Policy Loan

Reduction of the Sum Assured of the basic plan or the supplementary benefits / benefit amount

Switch to a plan with lower coverage

For assistance, you may contact us or speak to your Aviva Financial Adviser.

Information is correct as at 22 Jun 2020.