Aviva Signature Increasing Income Plan

The Aviva Signature Increasing Income Plan is a non-linked, non-participating life insurance plan that offers guaranteed, increasing income to policyholders. It provides monthly income that increases every 3 years to keep up with inflation, along with life insurance coverage for beneficiaries, ensuring financial support for your loved ones.

The guaranteed monthly income ensures you receive a consistent payout starting when your policy matures, increasing by 15% every 3 years to match inflation. If you outlive the policy and have paid all premiums, you'll get this monthly income and a lump sum equal to 105% of what you've paid in premiums. Should you pass away during the policy, your nominee(s) will receive either the death sum assured or 105% of total premiums paid, whichever is greater, along with the guaranteed monthly income.

If the insured person passes away during the policy term, and the policy is active with all premiums paid, the nominee(s) will receive either the death sum assured or 105% of the total premiums paid, whichever is higher. Additionally, they will receive a guaranteed monthly income starting from the policy's maturity date. This monthly amount increases by 15% every 3 years.

Yes, you can customize your coverage with riders such as the Aviva Accidental Casualty Non-Linked Rider and the Aviva New Critical Illness Non-Linked Rider for additional benefits.

With the Aviva Signature Increasing Income Plan, you have the option to pay premiums yearly, half-yearly, quarterly, or monthly.

Yes, this plan has a grace period of 30 days for yearly, half-yearly, and quarterly premiums and 15 days for monthly payments. You can pay without penalty or late fee during this time, and the policy remains active with uninterrupted coverage.

The Aviva Signature Increasing Income Plan allows you to take a loan against your policy once it has built up a surrender value. You can take out a loan of up to 80% of the surrender value under the base plan.

During the free-look period, policyholders can check their insurance policy within 30 days of receiving it. If they disagree with any terms or conditions, they can return the policy to the company for cancellation, stating the reasons. They'll get a refund of the premium paid, minus a proportionate risk premium for the coverage period and any expenses like medical exams and stamp duty charges.