Aviva Life Insurance, today, announced the launch - of ‘Aviva Dhan Vriddhi’, an insurance product designed to provide a combination of savings cum protection plan with guaranteed returns and tax benefits.  

Speaking on this occasion, Mr. Bert Patterson, Managing Director Vivek Khanna, Director Marketing, Aviva Life Insurance, India said, “We are delighted to bring to our customers this new product ‘Dhan Vriddhi’. We constantly innovate to launch products that benefit our customers. This product has a compelling proposition that will appeal to the demanding and value conscious Indian customer and fulfil the need for both savings and protection. This is a unique plan providing a flexible term and a money back benefit.” 

The product addresses not only the savings and protection angle for a customer but also ensures guaranteed liquidity at regular intervals, in the form of guaranteed survival and maturity benefits. 

The uniquely designed policy provides a guaranteed addition of Rs. 70 per 1000 sum assured for every completed policy year. Another striking feature is that, the policy also provides a payout of 20% of the basic sum assured as a survival benefit at regular 5-year intervals till the policy matures. In case of death the full sum assured along with the accrued guaranteed addition is payable, irrespective of the survival benefits already paid.

Key Features of Aviva Dhan Vriddhi

·         The policy is applicable for age between 13 to 55 years, in case the ADB rider is opted for, then the minimum and maximum entry age is 18 and 50 years respectively

·         The policy can be bought for a term extending from 10 years to 25 years and the maximum age at maturity is 70 years (65 years in case ADB rider is opted for)

·         Premium Payment Term: Policy Term minus 5 years

·         Minimum Sum Assured is Rs 50,000 and thereafter in multiples of Rs 10,000; no limit on maximum

·         Minimum Annual Premium is Rs 5,000 and the maximum depends on Sum Assured

·         Guaranteed survival and maturity benefits

·         Additional protection through ADB rider

·         The policy also provides a taxation net and is under the provisions of Section 80C and Section 10(10D) of the Income Tax Act, 1961, as amended from time to time  

Sourced From: Adfactors Public Relations Pvt Ltd