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Aviva New Pension Elite

FAQ
FAQs: 1-6  of 6
Why should I buy Aviva New Pension Elite?

Aviva New Pension Elite is a unique proposition that helps you accumulate corpus during your earning years to fund your retirement, as well as offers option of protection to ensure your family gets a targeted minimum fund for their livelihood in your absence.

I can buy Aviva Pension Elite today as per my affordability, however with rising costs, my expenses will also rise. I don’t think I can build a suitable retirement corpus with the current level of premiums. Please advise.

We provide a unique method of indexation, through which you can increase your regular premium amount by a fixed percentage, which is in line with the prevailing wholesale price index. This helps you to protect the real value of your corpus. You can also increase your investment amount through top-ups, any time during the term of the policy.

Is there a Life Cover with this plan?

You can opt for a Term rider which will help you get life cover so that your family can receive the Term rider Sum Assured along with the accumulated fund in the unfortunate event of your death

I purchased this policy three years back. However I will not be able to pay my premiums, due to certain circumstances. How should I proceed further?

You can fully surrender the policy and receive the surrender value of the policy. You also have the option of continuing the policy (with full risk cover), without paying any future premiums. You will need to avail this option within 60 days of first non-payment of a premium. For more details, refer to the policy brochure.

I have paid the premiums for 5 years but now I want to surrender the policy. What charges am I liable to pay for this surrender?

After the completion of 5 policy years there are no surrender charges. You can get back entire fund value without any penalty.

Disclaimer

The above material is provided for general information only and does not constitute legal or other professional advice. This information is current at the date of publication but may be subject to change without notice and accordingly, may not be up to date at the time of viewing. Information specific to a product may be obtained from the Company.