Aviva adds to group risk benefits

With immediate effect the free cover limit formula on its existing and new group life policies has been increased from £15k to 20k multiplied by the number of lives in a scheme, subject to a maximum of £1.25m. It has also increased the maximum free cover limit from £1.25m to £1.5m for schemes covering 500-2999 lives, and to £1.75m for schemes covering 3000 lives or more. The increased limits are applicable for all new business and renewals from 1 January 2010. The provider has also introduced lump sum and pay direct options to its group income protection (GIP) product: • Lump Sum op...