Partnership Overview
Aviva Life Insurance Company India Limited, a wholly‑owned subsidiary of UK‑based Aviva International Holdings Ltd, issued a press release on Monday, 5 October 2026 announcing a strategic partnership with Wizz Financial Group. The collaboration is facilitated through Wizz Holidays Pvt. Ltd., the travel and lifestyle arm of Wizz Financial, and is powered by Wizzmoni Financial Services Ltd.
Objectives and Scope
The partnership aims to expand access to life insurance and critical‑illness protection for customers across Wizz Financial’s ecosystem. Initially, the focus will be on customers who obtain gold‑backed credit through the platform, allowing them to consider relevant insurance solutions during their borrowing journey, subject to their choice and consent. Over time, the offering will be extended to customers accessing other financial and travel‑related products, including foreign‑exchange services, enabling insurance considerations at various stages of their financial journeys.
Insurance Products Offered
Aviva Life Insurance will make available a suite of insurance solutions, namely the Aviva Signature 3D Term Plan, Aviva 3D Term Plan – Platinum, Aviva Smart Vital, and Group Credit Life products. These plans are intended to provide life coverage and critical‑illness protection tailored to the needs of borrowers and travelers within the Wizz ecosystem.
Executive Comments
Asit Rath, CEO & Managing Director of Aviva Life Insurance, stated that insurance becomes more relevant when it is present at moments when customers are actively making decisions about their financial future, such as taking a loan. He highlighted the partnership as a means to bring protection closer to the decision point and to shift insurance from a standalone purchase to an integral part of everyday financial planning.
Amir Nagammy, Founder & CEO of Wizz Financial, expressed that the collaboration aligns with Wizz Holidays’ goal of creating seamless, worry‑free customer journeys, and that combining Wizzmoni’s distribution reach with Aviva’s expertise will help families protect what matters most at every life stage.
Recent Aviva Initiatives
The release also notes that Aviva Life Insurance recently launched a Term Insurance Plan with Return of Premiums, designed for customers who seek life protection together with the return of total premiums paid upon survival to maturity.
About the Companies
Aviva Life Insurance Company India Limited is a 100% subsidiary of Aviva International Holdings Ltd, an insurance group with heritage dating back to 1696. The company offers term insurance, savings, ULIP, retirement solutions, and wellness‑led initiatives aimed at promoting healthier habits and financial preparedness.
Wizz Financial is described as a neo‑banking platform focused on cross‑border money movement and lending across strategic economic corridors spanning India, the GCC, Southeast Asia, and the United States. It delivers financial services through a hybrid model that combines digital infrastructure with physical service networks.