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• Aviva Affluence Insurance Plan and Policy

Aviva Affluence Insurance Plan and Policy

Aviva Affluence Insurance Plan and Policy - Aviva Affluence is a Unit Linked Insurance Plan which has been designed for wealth creation requirements for individuals. The plan also provides life insurance benefits along with the wealth creation objective it serves.

Key Features - Aviva Affluence Insurance Plan and Policy:

• This is a Unit Linked Plan which does not earn bonuses.
• Premiums under the plan are payable for the entire tenure of the plan or for a limited period.
• Maturity Booster additions and Increasing Milestone Boosters are added under the plan which increases the Fund Value.
• There is an inbuilt accidental death benefit option under the plan which pays an additional Sum Assured in case of accidental death.
• There are 7 funds from which the policyholder can choose one or more funds for investing his premium based on his risk appetite.
• The plan also has the option of Systematic Transfer Plan to protect the returns from market volatility.
• Systematic Partial Withdrawals are available for withdrawing funds in a systematic manner.

Eligibility Details - Aviva Affluence Insurance Plan and Policy:

Benefits - Aviva Affluence Insurance Plan and Policy:

Tax Benefits:

• Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.

Maturity Benefit:

• On maturity, the Fund Value available on the maturity date would be paid to the policyholder along with the Maturity Booster Additions added and any accrued Increasing Milestone Boosters.

Death Benefit:

• In case of death of the insured, higher of the following would be payable as death benefit:
  1) Sum Assured including the top-up Sum Assured 
  2) 105% of the total premiums paid till death including top-up premiums paid
  Fund Value as on the date of death including top-up premium Fund Value
  The Sum Assured would be reduced by the amount of partial withdrawals made in the preceding 2 years if the policyholder is below 60 years. If the age is above 60 years, partial withdrawals made after attaining 58 years of age would be deducted from the Sum Assured.
  If the insured is aged between 18 years and 60 years and dies due to accident, in addition to the above benefits, an additional Sum Assured would be paid which is called the Accidental Death Sum Assured.