Aviva Life Insurance

Aviva Life Saving Plans

Saving plans are life insurance products designed to support disciplined savings and at the same time ensure steady returns throughout the policy term which can be payable as monthly income or lump-sum depending on your needs and chosen plan.

Aviva Dhan Nirman

A unique traditional participating life insurance plan that gives you a guaranteed regular stream of income and also a bonus at the end of your policy term. The minimum age is 4 years and the maximum age is 50 years.

Features

• Guaranteed annual payouts to meet regular income needs equal to 150% of annual premium (excluding Goods & Services Tax and extra premium, if any) starting immediately after the end of the premium payment term.
• Growth to your savings through simple reversionary bonus every year starting at the end of the first year
• Guaranteed lump sum payout at maturity along with the vested simple reversionary bonuses and terminal bonus, if any, to meet your long term needs.
• Comprehensive financial protection for your family depending on your choice of Sum Assured
• Premium rebate on choosing a Sum Assured of Rs. 5 Lac and above.

Details

Aviva Dhan Samruddhi

A traditional life Insurance Plan that gives guaranteed cashback every 5 years in addition to guaranteed maturity benefit, to meet your short and long-term needs.

Features

• Guaranteed Returns: Your policy earns a Guaranteed Addition of 7% per annum to 9% per annum of the Annualized Premium (excluding taxes and any other extra premium), depending upon the policy term chosen by you, till the end of the policy term which is payable at maturity.
• Liquidity: Your policy pays back 125% of the Annualized Premium (excluding taxes and any other extra premium) as Survival Benefit every 5 years (except at maturity).
• Guaranteed Maturity Benefit: At maturity, you get the Sum Assured plus accrued Guaranteed Additions minus Survival Benefits already paid.
• Rebate For High Sum Assured: Rebate on the basic premium is allowed if your Sum Assured is Rs. 5 Lacs or higher.

Details

Aviva i-Growth

A unit-linked online insurance plan that not only makes your money work harder but also provides comprehensive protection for you and your family.

Death Benefits:

In case of unfortunate death of the life insured the nominee will receive either the Sum Assured or 105% of the total premiums paid or the Fund Value at the date of notification of death along with Loyalty Additions, if any, whichever of these is higher.

Maturity Benefit:

On survival of the Life Insured till the maturity date, you will receive the Fund Value along with Loyalty additions.

Loyalty Addition:

You will get Fund value-based Loyalty additions on the last 3 policy anniversaries of your policy if all premiums are paid till the date of respective loyalty addition. The rate of Loyalty Addition depends upon your policy term and continues to be attached and payable once added.

Details

Aviva Life Bond Advantage

A Unit Linked Insurance Plan that helps to grow your wealth and offers you an opportunity to invest a lump sum for medium to long-term together with Life Cover and flexibility to access your money after 5 years.

Features

• 7 unit-linked funds as well as two options for life cover
• Extra financial protection through the inbuilt Accidental Death Benefit
• Opportunity for additional investment with a nominal life cover (top-up)

Details

Aviva New Family Income Builder

A saving cum protection oriented traditional online life insurance plan that assists you financially by guaranteeing returns in the form of regular payouts for 12 years.

Death Benefit

In case of death of the life insured during the policy term provided all due premiums till date of death have been paid, the Death Sum Assured payable shall be the highest of the following amounts:

• 10 times of the annualized premium, or
• 105% of all the premiums paid (excluding taxes and extra premiums, if any) as on the date of death, or
• Maturity Sum Assured
• Sum Assured of the Policy, the Sum Assured will be paid in the following manner:

1. 12 regular annual installments of “1.5 times the annual premium” (excluding taxes and extra premium, if any) shall be paid. The first installment would be paid at the time of claim settlement and the remaining 11 annual installments shall be paid on each of the death anniversary of the life insured commencing from the first death anniversary date.
2. A lump sum amount of “6 times the annual premium” (excluding taxes and extra premium, if any) shall be paid along with the 12th annual installment on the 11th death anniversary of the life insured.

Details

Aviva Wealth Builder

A traditional life insurance plan that doubles the total amount of premiums paid and returns it as a lump sum at maturity, guaranteed.

Features

• Doubles your money for defined milestones
• Guaranteed protection for your family in case of your death
• Flexibility in choosing the premium payment and policy terms
• Tax Benefits at the time of investment as well as maturity, for regular premium policies

Details

Aviva Dhan Vriddhi Plus

A traditional participating life insurance plan that helps you save systematically and build a corpus. Minimum age is 18 years and the maximum age is 50 years.

Features

• On maturity, get a 100% return of premiums paid as a guaranteed benefit along with accrued bonus, if any to meet your long term needs
• Ensure financial security of your loved ones in case of any exigencies
• Choose between a premium payment term of 5, 7 or 11 years basis amount of money you require on maturity

Details

Aviva Affluence

A Unit Linked insurance plan which helps you live to the fullest & demand the maximum out of your finances. The policyholder will not be able to surrender/withdraw the money invested in linked insurance products completely or partially until the end of the fifth year.

Features

• Pick your policy term to match your long term goals
• Choose to pay premiums as per your convenience for 5, 7, 10, 15 years or the entire policy tenure
• Opt from 7 funds and invest in the fund or combination of funds, that best suits your risk profile
• Elect to enter the equity market on a weekly or monthly manner through Systematic Transfer Plan.

Details

Aviva Guaranteed Income Plan

The plan focuses on the income of an individual’s family after his/her miserable death. This guaranteed income plan is life insurance along with a savings plan that will serve you financially for more than 10 years by paying returns in the form of 11 payouts.

Features

• Payout will be given annually from 15th to 25th year in the form of a lump-sum amount together with the last payout.
• Tax benefits under Section 80(C) and 10(10D) of the Income Tax Act, 1961.
• Sum assured will be 20 times the yearly premium amount.

Details

Aviva Sampoorna Suraksha

Aviva Sampoorna Suraksha’s plan is a non-linked and non-participating life cover insurance policy to secure your loved ones and family’s future.

Features

• The policyholder can choose the premium payment term.
• Life cover is available with the lowest premiums i.e. by paying only Rs. 750 per year.
• Sampoorna Suraksha offers you guaranteed maturity benefits at the time of maturity.

Details

Aviva Income Suraksha

The plan takes the responsibility of regular income flow in the family after the unfortunate death of the policyholder. The Income Suraksha plan is a savings-oriented plan together with a life cover.

Features

• The plan guarantees a regular payout to the family of the insured monthly for 10 to 12 years.
• This helps in savings for other financial needs in life like children’s education, marriage, etc. rather than bothering afterlife savings for the family.
• The policyholder can enjoy tax benefits under tax exemption laws of the Income Tax Act of India, 1961.

Details

Aviva Life Retirement Plans

Retirement plans are designed in a manner that ensures a steady income for you in the form of a pension during your post-retirement life so that you can continue living a financially independent life. The company offers plans to suit your requirements with easy payment options and excellent returns.

Aviva Annuity Plus

A traditional insurance plan specially designed to provide you with lifetime income during your post-retirement years.

Features

• Option to select from 7 annuity options to suit your specific financial needs
• Annuity amount payable is guaranteed for the life of the policy
• Flexibility to enhance the Purchase Price at inception for higher annuity installment

Details

A lump sum amount of “6 times the annual premium” (excluding taxes and extra premium, if any) shall be paid at the end of the Payout Period

An additional Guaranteed Terminal Benefit, depending upon the age at entry, is paid at the end of the Premium Payment Term.

In case of unfortunate death of the Life Insured while receiving a regular income, the outstanding regular payouts shall be paid to the nominee/beneficiary.

Death Benefit

In case of death of the life insured during the policy term provided all due premiums till date of death have been paid, the Death Sum Assured payable shall be the highest of the following amounts:

• 10 times of the annualized premium, or
• 105% of all the premiums paid (excluding taxes and extra premiums, if any) as on the date of death, or
• Maturity Sum Assured
• Sum Assured of the Policy; the Sum Assured will be paid.

Details

Aviva Next Innings Pension Plan

A stress-free life after retirement is necessary, Aviva Next Innings Pension Plan is one such sure way to relax after retiring. The plan is a non-participating, non-linked deferred pension plan which ensures regular payouts after retirement for years.

Features

• It offers a secure life for you and your family after retirement.
• Provides financial cover to the family of the policyholder after his/her demise.
• Guaranteed 210% of the premium amount will be paid as returns at the time of maturity.
• Tax exemption under Section 80(C) and 10(10D) will be applicable as per norms.

Details

Aviva Life Term Plans

Aviva Life Insurance Company is offering a wide range of term insurance plans which make it easy for you to compare and choose the best one for yourself.

Aviva I-Life

An Aviva i-life online term insurance policy is designed to afford your family with the utmost protection when you are not around. Give your loved ones an additional financial backup to take care of their daily needs at an extremely affordable price. The premium of the plan may vary as per requirement.

Features

• Life covers up to 80 years of age.
• Increase life coverage during the policy term.
• Option for coverage against 16 critical illnesses and disability.
• No need for hospital bills.
• The immediate payout on the first diagnosis of critical illness.
• Tax benefits^ on the premium paid as per tax law.

Details

Aviva Life Shield Advantage

One more effective term plan that offers wider coverage at your doorstep at a nominal cost. There is a bunch of benefits that you will get under this policy like the return of premiums paid at maturity.

Features

• Payment of Life Cover (Sum Assured) to your family in the event of your death (Option A)
• Additional protection against Accidental Permanent Total Disability (Option B)
• Return of the money paid towards the base premium on your survival at the end of the policy term
• A rebate on your premium for higher levels of Sum Assured

Details

Aviva Life Shield Platinum

One more life protection that will enhance your investment portfolio credibility. It is one of the top insurance plans by Aviva. It comes out with various features such as the option of life cover, income protection, or loan protect.

Features

• Option A: Life Protection.
  The Sum Assured is paid out to the nominee as a lump sum in case of your unfortunate death.
• Option B: Income Replacement.
  The nominee will receive monthly benefit amount chosen at inception till the end of the policy term, this amount increases by 5% p.a. compounded annually from the very first year of the policy to beat inflation.
• Option C: Loan Protection.
  Under this option, the Sum Assured (SA) reduces uniformly over the Policy Term and the applicable Sum Assured as on the year of unfortunate death is paid to the nominee.

Maturity Benefit:

This is a pure insurance product and hence there is no maturity benefit payable under this plan.

Surrender Benefit:

Option A: There is no surrender value.

Option B & C: The policy will acquire surrender value after the premium payment term if all due premiums have been paid.

Details

Aviva Extra Cover

This policy combines the benefits of the Aviva i-Life and the Aviva Health Secure policy that provides all-around protection. Under the same. The customer has the choice of purchasing any one or more products as per his/her need and choice.

Death Benefit:

In case of your unfortunate death during the policy term, the Sum Assured will be paid to the beneficiary in your family to take care of their future needs.

Critical Illness Benefit:

The Sum Assured will be paid in case of a diagnosis of any of the 12 major critical illnesses covered under the product.

The premium for Critical Illness cover will not change for the first five years. However, the premium will be reviewable every five policy years at the policy anniversary, after approval from the IRDA of India. Such a review of premium rates will be performed by the Company at the beginning of the calendar year and premium rates after review would only be applicable for the contracts for which the review falls due in that year.

Only conditions described as a critical illness in the Aviva Health Secure brochure are covered under this policy. Sum Assured is payable, provided the life insured survives for 30 days after the diagnosis of critical illness. A policyholder can claim at the first diagnosis of any critical illness, provided the critical illness has been diagnosed after 90 days of the policy commencement date or the date of reinstatement.

Maturity Benefit:

No maturity benefit is payable under this product combination.

Details

Aviva i-Life Total

A non-linked & non-participating online life insurance term plan. Aviva’s i-Life Total is more than just a term plan as it not only shields you and your family from the impact of uncertainties and unforeseen circumstances but also lends the loved ones you left behind, the financial independence they need when you’re no longer around.

Features

• Comprehensive protection at affordable cost
• Customize your plan with a choice of cover:
• Protect: Death cover with inbuilt terminal illness benefit
• Protect Plus: Double the Sum Assured paid out on accidental death
• Protect Assured: Sum assured on death or 120% of total premiums paid on survival till maturity
• Protect Income: Monthly Income for the family in case of death

1. Option for additional protection against critical illness and permanent total disability with Aviva Critical Illness & Disability rider.

Details

Aviva i-Term Smart

A smarter online term insurance plan introduced by Aviva to provide full security to the family and loved ones after the death of the life insured. The financial assistance offered by i-Term Smart plan to meet the day-to-day needs in life is not limited as it acts as a support to fulfill their dreams also.

Features

• The plan provides life cover up to 80 years of age.
• It offers an advantage to increase life cover when the policy is in force without any medical screening.
• The policyholder is liable to get tax benefits under section 80(C) and 10(10D) of the Income Tax Act, 1961.

Details

Aviva Jana Suraksha

Aviva Jana Suraksha is a term insurance plan to keep your family and dependants safe and secure even in your absence. The plan offers wider coverage at affordable prices.

Features

• The plan provides life cover at lower costs starting from Rs. 20,000.
• Offers double cover in the event of accidental death.
• An option to choose whether the policyholder wants a single or regular payout.
• During the policy term, a guaranteed lump sum is paid in case of death.

Details

Aviva CSC Bima Laabh Yojana

Aviva CSC Bima Laabh Yojana is a term insurance plan that offers financial support to your family in case of any mishap. A security plan for the future pays the sum assured to dependants in case of death.

Features

• Flexibility to choose the term of the policy from two available options.
• The premium for the plan is less and may go down up to Rs. 300.
• The plan can be purchased from nearby common service centers.

Details

Aviva Nayi Grameen Suraksha

Aviva Nayi Grameen Suraksha; a term insurance plan for you and your family to meet the immediate needs after the demise of the policyholder.

Features

• Coverage provided by paying a single premium, a one-time payment is required.
• Life coverage with minimal rates starting from Rs. 500.
• Insured can choose policy term from two available options.

Details

Aviva Life Health Plans

Aviva Heart Care

Aviva Heart Care is an online health insurance plan by Aviva that is solely specialized for heart diseases and related conditions. The plan is a non-linked and non-participating health plan.

Features

• The plan not only covers you but there is an option to cover your spouse too.
• Under a single plan, you can claim as many times with the benefit of restoration of the sum assured amount.
• Provides cover for 19 heart conditions as well as takes care in case of income loss.
• Waiver of premiums is also applicable in certain conditions.
• A fixed sum will be paid regardless of the treatment costs.
• Two Types of Plans as follows:

1. ME- Plan for a single person
2. We- Plan for married couples

Details

Aviva Health Secure

Aviva Health Secure is an online health insurance plan that safeguards you in times of hospitalization and medical treatment by providing financial assistance for nursing care, expenses for private rooms, daycare procedures, medicines, etc.

Features

• Critical illness benefit for 12 critical diseases up to 10-30 years.
• A lump sum amount will be paid on the investigation; no need to submit medical bills and receipts.
• Exemption of taxes under Section 80(D) of the Income Tax Act of India, 1961.

Details