Aviva Life Insurance Overview & Details

In the event of securing the future of your dear relatives, Aviva Life Insurance Company is a reliable company, with a vast variety of plans for life insurance that are designed to guard against the risk of risks of life. Since it is a joint venture with Dabur Invest Corp and Aviva Group, Aviva Life Insurance blends two top entities which have strengths that prepare complete coverage, which guarantees the peace of mind. In this post, we examine the different options and benefits offered through Aviva Life Insurance, helping to make educated choices for an assured future.

About Aviva Life Insurance?

Aviva Life Insurance has established its name as an established company within the Indian private sector. They offer various products that are specifically designed to satisfy the requirements of both individuals as well as families.

If you’re in search of life insurance and savings plans, wealth-creation alternatives, protection insurance and retirement options, Aviva has you covered and will assure that your financial future is protected from uncertain circumstances. Accessing prices online can make it simpler for you to research excellent choices. With a remarkable Claims Settlement Ratio (CSR) of 98.75 percentage in the fiscal years 2022-22-23 Aviva Life Insurance stands out as being among the most trusted and reliable insurance providers in India offering assurance and security for a multitude of policy holders.

Why Buy Aviva Life Insurance Plan?

The choice of the Aviva Life Insurance plan offers several advantages making an investment that is wise for financial security.

It first and foremost offers financial security for family members, assuring that they will be able to support them during unforeseen circumstances. These plans’ payouts will benefit your family members to maintain their lifestyle, meet important expenses, or even complete the long-term objectives like retirement and education.

Aviva provides comprehensive coverage plans that are tailored to meet various life stages and requirements in terms of the pure protection of your assets, wealth creation, or full-life insurance. The for sure yields on savings plans and retirement programs ensure that the investments you make grow in time, providing you with security in your finances when they reach completion.

Additionally, the affordable premiums offered by Aviva will make planning for your future easy without putting a strain on your financial resources. In addition, the plans offer tax advantages by Sections 80C, and 10(10D) in the Income Tax Act, 1961, giving you more value for the savings.

In addition, Aviva offers a 4-hour quick claim settlement to assure that your beloved relatives receive financial benefits promptly whenever they require it the most.

Life Insurance Plans Offered By Aviva Life Insurance

Offered by Aviva Life Insurance are as follows: 

• Term Insurance Plans
• Savings Plans
• ULIP Plans
• Retirement Plans
• Child Plans

Aviva Term Insurance Plans Detail

Term Plan	Entry Age	Maturity Age	Sum Assured
Aviva Signature 3D Term Plan	18 to 65 years	99 years	Rs. 5 Lakhs to No Limit
Aviva Protection Plus Plan	20 to 65 years	80 years	Rs. 20 Lakhs to No Limit
Aviva Jana Suraksha Plan	18 to 45 years	55 years	Rs. 25 Thousand to No Limit
Aviva Saral Jeevan Bima Plan	18 to 65 years	70 years	Rs. 5 Lakhs to Rs. 25 Lakhs

Aviva Term Plans in detail

Aviva Signature 3D Plan Term Plans

The key features included in this plan are:

• Protection of your family’s finances.
• There is no cost for premiums if you’re diagnosed with a serious terminal disease (with Aviva’s New Critical Illness Rider as well as the 3D Accelerated choice).
• Extra coverage for accidental death (choose Aviva Accidental Casualty Rider).
• Purchase option in accordance with the MWP Act to prevent wrongful claim.
• Receive up to Rs. 1 Crore when you are diagnosed with any illness that is terminal (if you opt for the 3-D Accelerated choice).
• Four options for plans: 3D Pure Term, 3D Family Plus, 3D Accelerated, and 3D Trop.
• The payout is due upon the detection of a covered critical health condition (with Aviva New Critical Illness Rider or Aviva Cancer Cardio Rider).
• Special rates are available for women and non-cigarette users (for coverage exceeding the amount of Rs. 50.50 Lacs).
• You can get back the entire amount of premiums you that you have paid, if you live to completion with the Refund of Premium choice.

Aviva Protection Plus Plan

The most important features of the plan are:

• Improved life insurance coverage.
• The ability to take advantage of the full premiums if you live through the maturity.
• All premiums paid don’t contain more fees, rider fees, or taxes.
• Savings Booster Option: Offers life insurance for the entire duration of the policy, and also a greater rate of payment at the time of the time of maturity (110 percent, 120 percent, (or 125%) of the total premiums, not including additional costs and taxes).
• A rebate for choosing a more Sum assured.

Aviva Jana Suraksha Plan

Some of the key features in this plan comprise:

• Affordable life insurance that pays a lump-sum payout upon the death.
• Payment options: Regular and one premium payment; no additional payments to pay for one premium.
• Eligibility: Open to those aged between 18 and 45 years old with conditions of either 5 or 10 years.
• Maximum Coverage: 3000 (Regular Premium) or 25000 (Single Premium) and an maximum of 500.000.
• Funeral Benefit: Amount assured is paid to the nominee. in the event of a death, you will receive twice the amount insured.
• There are no medical tests needed for insurance policy issue.
• Premium payments are eligible for tax-free rebates as per Section 80C in the Income Tax Act, 1961.

Aviva Saral Jeevan Bima Plan

The most important features of this plan comprise:

• Death Benefit: A nominee gets the most money if person who purchased the policy dies within the.
• Regular or policy with a limited premium The death sum is guaranteed equals 105% the total premiums that are paid.
• Single premium insurance The death sum is guaranteed (or 125%) of the total premiums to be paid.
• The tax benefits of premiums can be eligible in tax-free benefits as per sections 80C, and 10(10)D.
• Policies that have expired can be renewed within 5 years of the date of the first installment that is not paid.

Related read: Aditya Birla Sun Life Insurance: Protecting Families, Building Legacies Effortlessly!

 Aviva Savings Plans Detail

Term Plan	Entry Age	Maturity Age	Sum Assured
Aviva Signature Guaranteed Income Plan	8 to 60 years	60 years	—
Aviva Nivesh Bima Plan	13 to 60 years	55 years	Max Death SA: Rs. 11 Crores Max Maturity SA: Rs. 24.4 Crores
Aviva New Wealth Builder Plan	6 to 60 years	80 years	Max Death SA: Rs. 11 Crores Max Maturity SA: Rs. 22.4 Crores
Aviva New Family Income Builder Plan	6 to 50 years	62 years	Rs. 24 Crores (maximum annual premium of Rs. 1 Crore X 24)
POS Aviva Dhan Suraksha Plan	18 to 50 years	61 years	Rs. 1.45 Lakhs to Rs. 9.93 Lakhs

Aviva Signature Guaranteed Income Plan

This program is ideal for investors who want certainty and security. It offers for sure income through both interim and lump sum cash payouts. It also offers flexibility to meet your requirements for income. It’s ideal to earn income in the early years either deferred or early income, or lump amount. In the course of the term of the policy it is possible to enjoy for sure bonuses and loyalty enhancements which boost the value of your insurance as time passes. It also provides comprehensive security with maturity and death benefits as well as tax benefits under the current tax laws.

Aviva Nivesh Bima Plan

Perfect for savings based on milestones, this plan provides for sure lump sum payments regularly, which ensures that your goals for financial success are achieved with no worries about fluctuations in the market. The flexible terms of the policy that span 10, 15, or 20 years allows you to pick the time which desirable meets your requirements. To give you peace of mind there is the opportunity of more accident-related death insurance to assure your loved ones are covered in the event of an unexpected death.

Aviva New Wealth Builder Plan

This policy is designed specifically to those who wish to boost their wealth and secure their children’s future. The plan will pay out on the death of an insured, which ensures that the loved ones of your family are well-funded. If you are able to survive the insurance duration, you are entitled to an for sure payment, and higher return on premiums of more than Rs. 2,50,000 and makes it an excellent choice to create wealth for the long run.

Aviva New Family Income Builder Plan

The plan was designed to give you for sure earnings, the program will allow you to make payments over 12 years and get more than double that amount for the following 12 years. Between the 13th and 24, you will receive each year a payment in the amount of 1.5 times your premium along with an extra reward at the close of the contract. If the policyholder dies, loss of life, their family will receive 12 installments each year, which ensures the stability of their finances. In addition, the nominee receives an assured Terminal Benefit that provides an entire safety cushion for the family.

POS Aviva Dhan Suraksha Plan

The plan provides a robust level of security with maturity and death benefits. If there is a tragic event that payoff in loss of life, the plan provides five installments per year of 1.5 times the cost of the policy, as well as an all-in lump sum as well as an aged-related Guaranteed terminal benefit. If the insured lives to the time of expiry and dies, the policy pays the maturity Sum Guaranteed along with extra benefits for a 5 year payment period. It also gives tax-free benefits as per the Income Tax Act, 1961 and is therefore a tax-efficient opportunity to secure your financial security.

The plans offered by Aviva Life Insurance is designed to give security and peace of mind making sure that your financial security as well as that of your family members will be secure.

Aviva ULIP Plans Detial

Term Plan	Entry Age	Maturity Age	Sum Assured
Aviva Affluence Plan	2 to 50 years	70 years	Max: 10 times the Annualized Premium
Aviva Signature Investment Plan	91 days to 60 years	80 years	Single Premium : 10 times, 5 times or 1.25 times (chosen at inception) of Single premium Regular Premium : 7 times or 10 times of Annualized premium
Aviva Signature Investment – Limited Pay Plan	91 days to 70 days	90 years	Max: 7 or 10 of the Annualized premium
Aviva i-Growth Plan	18 to 50 years	60 years	Rs. 4.8 Lakhs to Rs. 50 Lakhs
Aviva Fortune Plus Plan	2 to 60 years	75 years	Top-up Sum Assured: 1.25 x Top-up Premium Minimum Top-up Sum Assured: Rs. 12,500 Maximum Top-up Sum Assured: No Limit

Aviva Affluence Plan

The Aviva Affluence approach is specifically designed for those who want to achieve major financial objectives, such as an education for children or wealth accumulation as well as retirement planning. It is also ideal for making assets available for spouses. The plan is perfect people who want to earn the highest returns, and are willing to accept a risk in a medium to short-term time frame. This plan is also appealing to people seeking a more differentiated approach and a secluded approach to financial plan.

Aviva Signature Investment Plan

If you’re looking for a policy without allocation costs and the potential for milestone boosters this Aviva Signature Investment Strategy is an excellent option. From the 6th year of your policy it will provide frequent milestone boosters. There are two choices available: Signature Generation and Signature GenX, which allow for specific investment strategies. In addition, it offers an up-to-date 100% guarantee of death and administrative charges upon the time of maturity. In the event of the insured’s tragic death within the duration of the policy All premiums owed are paid by the insurer. With seven options for funds as well as easy access to your funds via the choice of partial withdrawals, this policy gives you flexibility and security.

Aviva Signature Investment – Limited Pay Plan

This policy stands out due to milestone boosters that are awarded each 3rd policy anniversary. They begin at the conclusion of the 6th year of the policy. The policy provides an choice to choose a death benefit. You can select either the larger than the amount assured in the base or the value of the fund, making sure your loved ones are well protected. At the time of maturity, the plan refunds a large amount of the mortality as well as administration costs, contingent upon the cost of premiums and up to 100 percent for premiums that exceed Rs 10,00,000.

Aviva i-Growth Plan

The Aviva i-Growth Strategy simplifies the purchasing process by offering a simple application based on self-declaration to be in excellent health. It eliminates having to undergo medical tests. The plan offers three unit-linked funds – Bond Fund II, Balanced Fund-II, and Enhancer Fund II, which cater to varying risks. In addition, loyalty enhancements are offered in the past three years of a policy. They reward regular premiums.

Aviva Fortune Plus Plan

Created for people who are looking for broad coverage as well as various options The Aviva Fortune Plus approach returns minimum 100% of the deducted costs like premium allocation, mortality and administration costs and at the time of the time of maturity. The plan also offers extra insurance options for protection, such as Accidental death Benefit as well as Waiver of Premium. It also allows you to extend your coverage by five or 10 years. You can also select among seven unit-linked funds as well as improve your protection with the possibility of topping up rates. With numerous withdrawal options as well as a the convenience of purchasing online This plan is flexible and easy to use.

Each of the Aviva plans are designed to provide a mix of security as well as growth and the ability to adjust, which means you will be able to bring off those financial targets whilst safeguarding your family members.

Aviva Retirement Plans Detial

Term Plan	Entry Age	Maturity Age	Sum Assured
Aviva New Innings Pension Plan	42 to 60 years	78 years	—
Aviva AnnuityPlus Plan	18 to 80 years	—	—
Aviva Saral Pension Plan	40 to 55 years	80 years	Rs. 1 Thousand to No Limit

Aviva New Innings Pension Plan

The Aviva New Innings Strategy was designed to provide an assured retirement fund and provide security when you are planning the retirement years. The plan will not only guarantee the financial stability of the individual, but also ensures the protection of your loved ones. Through a limited premium period, it is easy to control your contribution while the plan’s flexibility lets you choose an insurance term that’s in line with your goals for retirement. You can also choose to make one or two premiums and alter the frequency of your premium according to your needs and still enjoy tax-free benefits as per the law applicable to you.

Aviva Annuity Plus Plan

This Aviva AnnuityPlus approach offers seven different options that allow users to pick the plan which desirable fits your lifestyle goals as well as your financial circumstances. It allows you to improve the price of your purchase from the beginning, which will result in more annuity payments over your lifetime. The amount of your annuity is for sure throughout your life time, providing an ongoing stream of income. If you’re looking to transition out of a pension, you could increase your income by incorporating a lump sum on top of the purchase price improving your financial stability when you retire.

Aviva Saral Pension Plan

If you’re seeking ease of use and security The Aviva Saral Pension approach offers an affordable option. Through a one-time installment that you make, you will receive an for sure life-long income that begins from the following month. This will provide instant financial relief when you retire. This plan allows users to take out loans from the insurance after only six months. This gives you the chance to address the unexpected financial requirements. In addition, you’ll be eligible for tax advantages on costs you pay, making it an efficient tax choice to protect your future.

The Aviva pension plans and annuities are specifically designed to serve an income that is reliable in retirement. This will ensure your loved ones will be financially stable in the years to come.

 Aviva Child Plans Detail

Term Plan	Entry Age	Maturity Age
Aviva Young Scholar Secure Plan	42 to 60 years	78 years

The Aviva New Innings Pension approach was designed to benefit you not only ensure your retirement, but help your child’s education process. The plan offers a variety of benefits that assure your kid’s educational goals are supported financially at each level.

Tuition Fee Support (TFS):– Starting at age 13 and up to the age of 17 The plan will provide each year with a payment to cover tuition fees and extracurricular activities to warrant that your child is provided with the excellent learning and enrichment possibilities.

College Admission Fund (CAF): When your child attains the age of 18, the fund will favor a lump-sum amount to pay for college expenses. This cushion in the financial realm lets your child focus on their studies, without having to fear about financial burden.

Higher Education Reserve (HER): If your child is 21 years old the plan will provide more help for postgraduate costs such as going abroad to study. This plan will assure that your child is able to pursue their goals with ongoing financial support whatever their goals lead them.

The Aviva New Innings Pension approach is much more than an investment plan for retirement; it’s a complete financial plan that will benefit you bring off your goals for the future as well as your child’s education objectives.

Related read: Max Life Insurance: Eligibility, Plans, Documents & More

Final Thought:

Selecting the best life insurance plan is crucial to warrant the future of your family as well, which is why Aviva Life Insurance is a solid feature. Aviva provides a range of plans that can be adapted to the various stages of life and financial requirements, offering the perfect protection as well as security. If you require savings or life insurance retirement or educational plans for your kids, Aviva combines the strengths of Dabur Invest Corp and Aviva Group to give you a robust protection. With its higher claims Settlement Ratio, as well as flexible tax-efficient options, Aviva helps protect your financial stability and the wellbeing of your loved ones.

Frequently asked questions: