Overview
Aviva Dhan Varsha is a traditional investment cum protection plan that provides you Guaranteed Addition of 6% to 9% of the sum assured along with life protection
- Guaranteed Additions basis the policy term, longer the Policy Term, higher the rate of Guaranteed Additions
- Guaranteed Survival Benefit equal to sum of all accrued guaranteed addition at the end of the Premium Payment Term
- Guaranteed Maturity Benefit at the end of the Policy Term
- No premium payment liability during the last five years for policy term of 10, 15 and 20 years
- Optional riders for additional protection in the event of accidental / non-accidental death
- Specifications
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- Entry age: 08 to 60 years – without rider, 18 to 55 years – with rider
- Maturity age: 18 to 70 years
- Policy term:5/10/15 or 20 years
- Premium payment term:
5 years for Policy Term = 5 years
Policy Term minus 5 years for Policy Term = 10, 15 or 20 years - Premium Payment Frequency: Yearly, Half yearly, Monthly (ECS/Direct Debit Only)
- Annual Premium: Minimum Rs. 50,000; No Maximum limit (subject to underwriting),
excluding Service Tax applicable as per prevailing tax laws - Riders Available: Accidental Death Benefit (ADB) rider and Aviva Term Plus rider
- Easy steps to your plan
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Step 1 Decide the corpus you wish to build to meet your financial goals, including the interim payout. This will influence the choice of premium and the Policy Term. Tip - Use the "Wealth Planner" calculator to help you decide. |
Policy Term: 5 / 10 / 15 / 20 years, subject to a maturity age between 18 to 70 years. Premium payment term = Policy Term minus 5 years for PT=10 / 15 / 20 years. 5 years for Policy Term = 5 years. |
Step 2 Choose the level of additional protection you desire through Rider(s). |
Riders available: |
Step 3 Arrive at the amount of premium you wish to pay, which will be determined by step 1 and 2 and the corresponding Sum Assured. You can also choose the Premium Payment Frequency (PPF) based on your convenience. |
Minimum annual base Premium is Rs 50,000 (excluding any rebate, Service Tax, rider premium, extra premium, if any) Premium frequency - Yearly, Half-yearly, Monthly (ECS/Direct Debit Only)
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- What benefits will I receive?
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Death Benefit:
- Life Cover along with the accrued Guaranteed Additions, if not already paid, is paid to the nominee.
Additional benefits as detailed below will also be payable:
- An additional amount equal to Aviva Term Plus Rider Sum Assured, if the rider is opted
- An additional amount equal to Aviva Death Benefit Rider Sum Assured, if the rider is opted and the death is because of an accident
Guaranteed Additions:
- Your policy will earn a guaranteed addition for every completed year till the end of the premium payment term. These additions are based on the Policy Term rather than Premium amount.
| Policy Term (Years) |
5 |
10 |
15 |
20 |
| Guaranteed Addition (Rs. Per 1000 of Sum Assured) |
Rs 60 |
Rs 70 |
Rs 80 |
Rs 90 |
Survival Benefit:
- You will receive a lump sum amount equal to sum of all accrued Guaranteed Additions on survival till the end of the Premium Paying Term
Maturity Benefit:
- Life Cover will be paid on maturity of the policy, provided all due premiums are paid
Tax Benefit:
- Tax benefits will be as per section 80C and 10(10(D))of Income Tax Act, 1961.
- As per the prevailing tax laws, 80C is applicable for a premium up to 10%of base Sum Assured and 10(10D) at maturity is applicable only if the premium paid in any year was less than or equal to 10% of the base Sum Assured.
- Tax benefits are as per the prevailing tax laws and are subject to change from time to time.
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