Aviva New PensionPlus
FAQ
- What do I get on maturity? Do I have the option of taking entire amount as a lump sum?
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On maturity, you get the fund value, inclusive of the value of units pertaining to regular/ single premium, top-up premium(s) and additional regular premium, if any, along with the maturity addition, if applicable. You have the option to withdraw up to 1/3rd of the maturity amount as lump sum, and using the balance to buy an annuity from us, or from any other insurance company in India.
- How can I increase my regular premium?
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We provide two options to increase your regular premiums - indexation or additional regular premiums.
Indexation allows you to protect your investments from inflation. You can increase you premium amount by the indexation rate at every policy anniversary (in line with the Whole sale price index).
You also have the option of increasing your premium through additional regular premium, at any policy anniversary. The minimum amount by which the premium can be increased is Rs 1000.
- What are the different funds that the policy invests in? Can I choose which fund to invest in?
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Yes, you can choose from any of following funds based on your risk appetite.
- Pension Index Fund-II - 80 -100 percent exposure in equity.
- Pension Growth Fund-II -20-60 percent exposure in equity.
- Pension Balanced Fund-II - 0-45 percent exposure in equity.
- Pension Protector Fund-II - 0-20 percent exposure in equity.
- Pension Infrastructure Fund- 60-100 percent exposure in equity
- Pension PSU Fund-60-100 percent exposure in equity
- Disclaimer
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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.