Aviva launches support scheme for cost of living crisis

Put in place alongside Aviva's existing payment deferral scheme, put in place during the Covid-19 pandemic, to offer customers protection against financial hardships resulting from the economic crisis. The insurer stated the support scheme will allow policyholders to maintain their level of cover despite longer-term financial worries they may experience, by reducing the sum assured on the policy to "make their premiums more manageable." Policyholders will be given the opportunity to purchase a "top-up policy" to return their cover to a maximum of the previous level after one or two ye...