Aviva Dhan Samruddhi
Overview
Aviva Dhan Samruddhi is a traditional life insurance plan that gives guaranteed cash back every 5 years in addition to guaranteed maturity benefit, to meet your short and long term needs.
•Guaranteed returns: Your policy earns a Guaranteed Addition of 7% per annum to 9% per annum of the Annualized Premium, depending upon the policy term chosen by you,till the end of the policy term which is payable at maturity.
•Liquidity: Your policy pays back 125% of the Annualized Premium as Survival Benefit every 5 years (except at maturity)
•Guaranteed Maturity Benefit: At maturity, you get the Sum Assured plus accrued Guaranteed Additions minus Survival Benefits already paid.
•Rebate for high Sum Assured: Rebate on basic premium is allowed if your Sum Assured is Rs. 5 Lacs or higher.
Specifications
Entry Age |
Minimum: 13 years last birthday |
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Maturity Age |
23 to 70 years |
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Policy Term |
10, 15 or 20 years, subject to maximum maturity age |
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Premium Payment Term |
10 years for all the Policy Terms |
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Sum Assured |
Maximum: Rs. 5 crore |
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Minimum Premium |
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Maximum Premium |
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Premium Payment Frequency |
Annual, Half Yearly, Quarterly & Monthly |
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High Sum Assured Rebate |
High Sum Assured rebate is applicable for Sum Assured of 5 Lacs and above. |
Taxes including but not limited to Goods & Services Tax, Cesses as applicable shall also be levied as notified by the Government from time to time. Tax laws are subject to change.
Benefits That I Will Receive
•Death Benefit: In the unfortunate event of death of the Life Insured within the Policy Term, the following payment would be made to the Nominee, provided all due premiums till date of death have been paid:
Policy Term |
Guaranteed Addition per annum as % of One Year's Premium* |
Policy Term 10 years |
7% |
Policy Term 15 years |
8% |
Policy Term 20 year |
9% |
Easy Steps to Plan
1. Choose the basic Sum Assured depending upon corpus you wish to build to meet your financial goals and the time when you need it.
2. Calculate the premium as per chosen sum assured and Policy Term basis your age. Also chose the Premium Payment Frequency based on your convenience.