Aviva Investment Plan
Aviva Investment Plans
  • Guaranteed Monthly Income
  • Guaranteed Terminal Benefit
  • Tax Benefits Under 80C
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Aviva Investment Plans

Aviva Life Insurance is a renowned name in the life insurance industry. It is a preferred platform when it comes to providing profitable investment options. All Aviva Investment Plans are great at offering savings along with wealth creation opportunities. The company has designed its plans in a way which can easily go well with different stages of the insured’s life. It allows you to stay protected while your money does the required hard work for you to get huge returns. Read below to explore more about Aviva Investment Plans.

Types of Aviva Investment Plans

1. Aviva New Family Income Builder

Aviva New Family Income Builder is a saving cum protection plan for a comfortable present and future. It is a traditional life insurance plan which provides financial assistance and guaranteed returns in the form of regular payouts. Under this plan, the insured will be liable to receive regular payouts for 12 years.

Key Features

  • Guaranteed Income: The plan offers guaranteed income for the insured and his/her family. On paying a regular premium for 12 years, you will get double of your premium for the next 12 years. In the case of the insured’s death, the family will get the guaranteed income in the form of the death benefit.
  • Maturity Benefit: In a case where the insured survives until the end of the policy tenure, he/she will become liable to receive maturity benefit. The maturity amount will be paid in the following manner-
    • 12 annual instalments of 1.5 times the annualized premium yearly during the payout period.
    • A lump-sum amount of 6 times the annualized premium will be paid at the end of the payout tenure.
  • Death Benefit: In the case of the insured’s death during the policy tenure, the nominee will receive the following death benefits-
    • 105% of the total premiums paid as on date of death,
    • 10 times of the annualized premium or
    • The sum assured of the policy.
  • Guaranteed Terminal Benefit: At the time of death claim settlement or premium payment term, guaranteed terminal benefits will be paid as per the entry age.
  • Tax Benefits: By investing in this plan, you will be liable to receive tax benefits as per the prevailing tax laws.

Eligibility

Entry age 06-50 years
Maturity age18-62 years
Premium payment frequencyAnnually
Premium payment term12 years
Annualized premium(minimum)40000

2. Aviva Income Suraksha

Aviva Income Suraksha is a flexible plan that comes out with a guaranteed monthly income. It is a non-linked & non-participating life insurance plan which provides a comfortable life to you and your family. The plan offers financial assistance in the form of guaranteed income (monthly payouts). In the case of the insured’s death, all benefits would be passed on to the insured’s family.

Key Features

  • Guaranteed Monthly Income: The plan provides guaranteed monthly income for 10 or 12 years. With the same, you also get the flexibility to align income as per your life stages requirements. In the case of the insured's death, the family would become liable to receive a guaranteed income.
  • Maturity Benefit: In case of insured survival, till the end of the policy tenure, the plan will pay maturity benefit. It will be in the form of regular monthly income during the payout period.
  • Tax Benefits: The plan will pay tax benefits as per section 80C and 10 (10) D of Income Tax Act, 1961.
  • Death Benefit: Aviva Income Suraksha comes out with death benefits as well. In case of the insured’s untimely death, the plan will pay death benefits to the nominee. It will be paid in the form of monthly income during the payout period.
  • Surrender Value: You can surrender your policy any time in case of an emergency. If you choose the surrender option, you will receive a surrender value. Ensure that you are surrendering your policy after paying a premium for two continuous years.
  • Guaranteed Terminal Benefit: Take advantage of guaranteed terminal benefit by investing in Aviva Income Suraksha. It depends on the entry age of the insured.
  • Death Benefit: Aviva Income Suraksha comes out with death benefits as well. In case of the insured’s untimely death, the plan will pay death benefits to the nominee. It will be paid in the form of monthly income during the payout period.

Eligibility

Entry age 18-48 years
Maturity age28-65 years
Premium payment frequencyAnnually and monthly
Premium payment term10 or 12 years
Deferment period0,3 or 5 years

3. Aviva Dhan Samruddhi

Aviva Dhan Samruddhi is a traditional life insurance plan that offers guaranteed cashback every 5 years along with the maturity benefit. This plan allows you to build a corpus to meet your short-term and long-term requirements.

Key Features

  • Guaranteed Returns: The plan offers guaranteed additions of 7% to 9 % per annum. It depends on the chosen policy term.
  • Liquidity: The plan pays back 125% of the one year’s premium in the form of survival benefit every 5 years. This feature makes it more profitable for the insured.
  • Guaranteed Maturity Benefit: At the time of maturity, you will be liable to receive the sum assured plus accrued guaranteed additions minus survival benefit.
  • Rebate For High Sum Assured: Along with this plan, you will get a rebate on the basic premium only if you opt for 5 Lacs or higher sum assured.
  • Death Benefit: In case of an unfortunate demise of the insured during the policy tenure, the nominee will get the required death benefit. It will help your loved ones in living a stable life.

Eligibility

Entry age 13-55 years
Maturity age23 to 70 years
Premium payment frequencyAnnual, half-yearly, quarterly & monthly
Premium payment term10 years
Policy term10, 15 or 20 years

4. POS Aviva Dhan Suraksha

POS Aviva Dhan Suraksha is a non-linked & non- participating life insurance plan which provides the required financial support in the hour of need. The plan offers a regular payout to meet short term needs and lump sum amount to achieve important milestones.

Key Features

  • Regular Payout: The plan offers a regular payout that allows you to meet short term requirements.
  • Lump-sum Benefit: The plan offers a lump sum benefit that allows you to achieve huge milestones of your life.
  • Life Cover: The plan offers life cover of 14.5 times of the annual premium to the insured.
  • Tax Benefits: The plan offers a tax deduction on premiums under 80(C), 10 (10) D of Income Tax Act, 1961.
  • Maturity Benefit: In case of survival till the end of the policy tenure, the plan will pay great returns in the form of maturity benefits
  • Death Benefit: The plan offers a death benefit to the nominee in case of the insured’s untimely death.

Eligibility

Entry age18- 50 years
Minimum annualized premiumRs.10000
Premium Payment FrequencyAnnual
Minimum sum assuredRs.1,45,000
Maximum Sum AssuredRs. 993,250 (per life)

5. Aviva Wealth Builder

It is a traditional life insurance plan that doubles the amount that you pay in the form of premium. The plan will return the same as maturity or guaranteed benefit. It is an individual non-linked & non-participating savings life insurance plan that allows you to achieve each milestone of your life.

Key Features

  • Guaranteed Payout: The plan offers double the sum of the total premium at the time of maturity in the form of maturity benefit.
  • Guaranteed Payout on Death: The plan will stand by your family in case of your unfortunate death. It will provide needful financial assistance to deal with all expenses and liabilities.
  • Surrender Value: In case of an emergency where you require urgent cash, you are allowed to surrender your plan. On surrendering, you will be liable to receive the guaranteed surrender value.
  • Free-Look Period: The plan offers the right to review the terms and conditions of the plan within 15 days.
  • Tax Benefits: Tax benefits as per the prevailing tax laws are applicable and are subject to change from time to time.

Eligibility

Entry age05-50 years
Max Maturity age67 years
Premium Payment FrequencySingle or annual
Maximum Annualized/ Single PremiumRs.1,00,00,000 (per life)
Minimum single premiumRs. 1,50,000

Why Aviva Investment Plans?

Aviva Life Insurance Company is one of the finest providers of investment solutions. The company understands the growing needs of its customers and thus, comes out with innovative savings and wealth creation opportunities. With the experience of many years in the same domain, Aviva Life Insurance designed its plans with unique features and offer a wide range of benefits. Aviva Life Investment allows you to invest for a regular income along with the high steady growth. It is solely a great platform to invest your hard-earned money and get a secure and wealthy future in return.

FAQs

In a situation where you want to file a claim against your life insurance or investment plan, you must first contact the company. You can do the same through your e-account or call on the toll-free number. You should submit all the required documents and leave the rest on the company.

Aviva Life Insurance keeps its customers updated about the status of their claims via telephone calls, SMS, and letters. You can also take a look at your claim status online.

Sure, the direct debit facility is to be held for 15 banks. For the same, one ought to first fill up the direct debit mandate form. The mandate form can be downloaded from the Aviva website, or avail it from any Aviva Life Insurance office.

E-insurance is a facility where you can maintain all your investments in one online account.

To get the duplicate hard copy of investment, submit the following documents at any Aviva branch.

  • Indemnity on Rs.100 stamp paper.
  • Recent coloured photograph.
  • Cheque leaf copy.
  • Endorsement Form.
  • Photo ID proof.
  • Bank statement showing the remittance proof.

Last updated on 05-11-2020