Guaranteed Savings Plans
Secure your future financial plans with Aviva's Guaranteed* Savings Plan.
T&C Apply | AN: Apr 37/22.
Guaranteed Savings Plans
T&C Apply | AN: Apr 37/22.
Guaranteed Savings Plans
We have only one life, but one is enough when we live it to the fullest.
Though passion and motivation are essential, they are not sufficient today to fulfill your life goals and promises you made to your loved ones and yourself – a promise of a dream home, higher education, early retirement, or living your dreams in the second innings of your life. However, as one of the greatest dreamers and achievers, Walt Disney once said, “If you can dream it, you can do it.” But how will you arrange the finances to fulfill your dreams? By investing in a guaranteed savings plan.
A guaranteed savings plan is a non-linked, non-participating plan endowment insurance plan with guaranteed returns as money backs at interim periods or upon maturity along with financial protection for your loved ones in case of your unfortunate demise.
A Child insurance plan is a combination of insurance and investment plan to help you secure your child’s future. Child insurance plans ensures that money is not a hurdle when you are on your journey to plan important milestones for your child, right from education to higher studies.
At AVIVA, we understand your need and desire to provide for loved ones while fulfilling your dreams. You want to prioritize both yourself and your loved ones. And a guaranteed return plan helps you achieve this goal with dual savings and protection benefits.
Why invest in guaranteed savings plans?
We all see different dreams and set various life goals to achieve. Two different individuals of the same age and with similar financial responsibilities could have different investment purposes – savings or insurance. A guaranteed return plan provides both benefits under one policy; it acts as an insurance plan with guaranteed returns. Thus, you can rest assured of your fixed returns after the policy matures as well as financial protection for your loved ones during unforeseen times of life.
So, who should invest in a guaranteed income plan? Those with a low-risk appetite and want premium payment flexibility should choose from short-term and long-term. Some plans allow you to pay premiums for the short term. Now, why should you invest in a guaranteed income scheme? You are asking for concrete reasons and benefits, and we understand your reasoning. Here are some of the benefits you will enjoy from your investment in guaranteed income insurance plans.
- Pay premiums for a shorter period and enjoy long-term benefits
- Dual benefits of long-term savings and life cover for your loved ones
- Guaranteed income to support your financial goals throughout life
- Tax benefits on the premiums paid as per the Income Tax Act
Features of guaranteed savings plans
- • Guaranteed maturity benefits upon maturity provided all premiums have been paid
- • A life insurance cover for the entire policy term that ensures financial protection for your family
- • Align your saving horizon with the financial goals you want to achieve in a certain period
- • Higher premium booster – Better value and extra benefits for your commitment to paying higher premiums
- • Tax benefits under sections 80 C and 10 (10D) of the Income Tax Act 1961 on the premiums paid towards the policy, as amended by the government, regularly
- • Death benefits provided all due premiums have been paid
- • Flexibility to add riders to enhance the benefits of your investment and protection for you and your family
Who should opt for guaranteed income plans?
Who should invest in a guaranteed income plan? People who aspire to enjoy financial stability in their life, people who like to have a financial backup, a second source of income that kicks in at the time of their need, and those who seek financial freedom and security during their golden years post-retirement.
All these people are eligible to invest in a guaranteed income insurance plan. Need some concrete reasoning again? Consider adding the best guaranteed income plan to your investment portfolio if:
- • You desire guaranteed financial benefits with no surprises and risks to your investments
- • You want a reliable, steady source of income that can support or replace your primary income source whenever you need it
- • You seek a traditional life insurance cover to take care of your family’s financial needs in case of an unforeseen tragedy
- • You want to invest in a modern investment plan that offers the benefits of traditional life insurance cover along with an investment advantage – life cover plus maturity or survival benefits
- • You like to customize your premium payment term as per your payment capacity and financial goals
- • You want a secure income plan with a guaranteed investment return that is not linked to the market volatility
- • You want to reap tax benefits on your investments
Reasons to buy AVIVA Guaranteed Income Plans
- Pay for a shorter period and enjoy financial stability for long-term
- Guaranteed income to support or replace your primary income source whenever you need it
- Financial strength to fulfill your financial goals and lifestyle needs with definite pay-out options
- Guaranteed return of total premiums paid upon maturity provided that all due premiums are paid
- Traditional life insurance benefits to protect your loved ones in your absence
- Flexibility to add riders to enhance your investment return and insurance protection for your family during the circumstances when you need it the most
- Flexibility to choose the premium payment and regular pay-out tenure aligned to your payment capacity and life goals
- Flexibility of choosing investment and savings horizon aligned with your life goals
- Tax benefits on the premiums paid towards the guaranteed income plans as amended in the tax laws
Guaranteed Savings Plans
Not just an education plan – it’s a helping hand at every important step in your child’s life
Key Benefits
- Guaranteed Returns through Interim and Lump sum payouts
- Multiple Payout options e.g. Early Income, Deferred Income or Lump Sum
- Multiple payment options
Savings plan to build a corpus, while periodically giving money back during the policy term
Aviva Nivesh Bima
Key Benefits
- Flexibility to choose life cover as required
- Entry age upto 60 years depending on policy term
- Option to choose add-on Accidental death cover with the policy
Savings plan that guarantees* payout at maturity
Aviva New Wealth Builder
Key Benefits
- Option to choose from multiple premium payment frequencies
- Entry age upto 60 years
- Enjoy higher maturity payout on survival for higher premiums
Guaranteed income plan that offers payout for 12 years
Aviva New Family Income Builder
Key Benefits
- Guaranteed Income for self or family for 12 years
- Pay for 12 years and get double of the premiums paid over the next 12 years
- Tax deduction on premiums paid and tax exemption under 80(C), 10 (10D)
Easy to buy savings plan offering guaranteed returns
POS - Aviva Dhan Suraksha
Key Benefits
- Convenient purchase process without medicals
- Life cover of 14.5 times the annual premium
- Tax deduction on premiums paid and tax exemption under 80(C), 10 (10D)
A plan that guarantees monthly income
Aviva Income Suraksha
Key Benefits
- Guaranteed monthly income for 10/12 years
- Flexibility to align income as per life stage needs
- Tax benefits as per applicable tax laws
A Smart Step Towards Growing Your Savings Over Time!
Aviva Signature Guaranteed Income Plan
Key Benefit
- Guaranteed Returns through Interim and Lump sum payouts
- Multiple Payout options e.g. Early Income, Deferred Income or Lump Sum
- Multiple payment options
Savings plan to build a corpus, while periodically giving money back during the policy term
Aviva Nivesh Bima
Key Benefit
- Flexibility to choose life cover as required
- Entry age upto 60 years depending on policy term
- Option to choose add-on Accidental death cover with the policy
Savings plan that guarantees* payout at maturity
Aviva New Wealth Builder
Key Benefit
- Option to choose from multiple premium payment frequencies
- Entry age upto 60 years
- Enjoy higher maturity payout on survival for higher premiums
Guaranteed income plan that offers payout for 12 years
Aviva New Family Income Builder
Key Benefit
- Guaranteed Income for self or family for 12 years
- Pay for 12 years and get double of the premiums paid over the next 12 years
- Tax deduction on premiums paid and tax exemption under 80(C), 10 (10D)
Easy to buy savings plan offering guaranteed returns
POS - Aviva Dhan Suraksha
Key Benefit
- Convenient purchase process without medicals
- Life cover of 14.5 times the annual premium
- Tax deduction on premiums paid and tax exemption under 80(C), 10 (10D)
A plan that guarantees monthly income
Aviva Income Suraksha
Key Benefit
- Guaranteed monthly income for 10/12 years
- Flexibility to align income as per life stage needs
- Tax benefits as per applicable tax laws
What are the main benefits of a guaranteed savings plan?
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Death benefits
Guaranteed savings plans offer the benefits of a traditional life insurance cover. In other words, the nominee receives the sum assured on the policyholder’s untimely demise. You can enhance these benefits by adding other riders, such as accidental death benefits.
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Maturity benefits
Guaranteed benefits on policy maturity
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Tax benefits
Under sections, 80C and 10(10D) of the Income Tax Act, premiums paid toward the guaranteed income plans are exempted from the taxable income.
Straight From Our Customers
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"The AYSS plan is an excellent product which covers life as well as provides the right financial returns to help me plan for my child’s higher education. I fund it to be a very different and attractive plan and would recommend all to invest in it."
Mr. Suresh
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"I am delighted by the efforts and customer centricity shown my Team Aviva. I visited India recently to seek guidance on my policy related matters and have no words to express the kind of time and energy they have spent on a single customer like me. Thank you Aviva, I wish you the best!"
Mr. Parvinder Singh
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"I would like to thank Aviva for their continued support and guidance in my policy related matters. I see my fund value increasing with every passing year and have been very happy with my experience."
Mr. Vishal Sudha
Straight From Our Customers
"The AYSS plan is an excellent product which covers life as well as provides the right financial returns to help me plan for my child’s higher education. I fund it to be a very different and attractive plan and would recommend all to invest in it."
Mr. Suresh
"I am delighted by the efforts and customer centricity shown my Team Aviva. I visited India recently to seek guidance on my policy related matters and have no words to express the kind of time and energy they have spent on a single customer like me. Thank you Aviva, I wish you the best!"
Mr. Parvinder Singh
"I would like to thank Aviva for their continued support and guidance in my policy related matters. I see my fund value increasing with every passing year and have been very happy with my experience."
Mr. Vishal Sudha
The Why, What & How of Guaranteed Savings Plans
All your doubts and questions answered by the experts
What are Unit Linked Insurance Plans (ULIPs)?
ULIP is a unique investment vehicle that seamlessly combines the benefits of an insurance policy with a market-linked investment.
Do you know the benefits of ULIP Funds?
Unit linked insurance plans, or ULIPs as they are popularly called in short, help you get the benefit of investing in the capital markets while enjoying life insurance protection.
Looking for guaranteed savings? Aviva Nivesh Bima can help!
Saving a part of your income in fixed-income avenues is essential as it helps in diversifying your portfolio.
Frequently Asked Questions
What is a guaranteed savings plan?Is Guaranteed Income Plan good?How does a guaranteed income plan work?Which is the best-guaranteed savings plan?How much return is guaranteed in long-term investment plans?What are the main benefits of a guaranteed savings plan?
What is a guaranteed savings plan?
A guaranteed savings plan is a non-linked, non-participating policy that provides a secure life insurance cover along with guaranteed assured returns on your investment. So, you can achieve your financial goals and fulfill the promises you have made to yourself and your loved ones.
As a non-linked policy, the return on your investment is guaranteed and assured as they don’t get affected by the highs and lows of the market. The maturity benefits are paid at the end of the policy term on the survival of the policyholder. These benefits include the guaranteed regular pay-outs paid for a certain term or your whole life, depending on the plan you choose.
Is Guaranteed Income Plan good?
A guaranteed income plan is suitable and beneficial for those who wish to reap investment as well as insurance benefits under one policy without putting your investment up for the unnecessary market risk.
A guaranteed income plan is good for those who like to have flexibility in choosing premium payment terms as well as income pay-out terms suitable to their payment capacity and financial goals they wish to fulfill. Moreover, as a traditional insurance product with benefits of investment guaranteed savings plans offers tax benefits over your investment as prevailed under the tax laws. This helps you save taxes while building a secured financial future for yourself and your loved ones.
How does a guaranteed income plan work?
Or you can have smaller pay-outs every 5 years of the policy term to fulfill smaller goals, and guaranteed survival and maturity benefits can help you fulfill bigger life goals at the end of the policy term (AVIVA Nivesh Bima).
AVIVA offers various guaranteed income plans with life insurance benefits to fulfill your life demands and desires at your pace and with your payment capacity. Check out our “savings plans” section to get detailed information about AVIVA’s guaranteed income plans.
Which is the best-guaranteed savings plan?
It depends on what goals you wish to achieve and the needs you want to fulfill from your income plan. For example, suppose you want to accumulate wealth for your golden years while securing your family financially on your untimely demise. In that case, you can go for the AVIVA New Life Builder plan.
However, suppose you wish for smaller pay-outs during the policy term as well as the guaranteed maturity benefits at the end of the policy term. In that case, you can consider investing in AVIVA Nivesh Bima plans.
Analyzing your payment capacity and the financial goals you wish to achieve through your investment will help you find the best income plan to get the enhanced benefits of your investments.
How much return is guaranteed in long-term investment plans?
The sum of guaranteed returns you receive upon maturity will depend on the plan you choose and the amount of monthly premium you pay. However, on average, you can expect.
What are the main benefits of a guaranteed savings plan?
Death benefits: Guaranteed savings plans offer the benefits of a traditional life insurance cover. In other words, the nominee receives the sum assured on the policyholder’s untimely demise. You can enhance these benefits by adding other riders, such as accidental death benefits.
Maturity benefits: These benefits include regular income pay-outs along with the total premiums paid towards the policy, which are returned to you once the income payment term ends. Guaranteed benefits on policy maturity
Tax benefits: Under sections, 80C and 10(10D) of the Income Tax Act, premiums paid toward the guaranteed income plans are exempted from the taxable income.
What is a guaranteed savings plan?
Is Guaranteed Income Plan good?
How does a guaranteed income plan work?
Which is the best-guaranteed savings plan?
How much return is guaranteed in long-term investment plans?
What are the main benefits of a guaranteed savings plan?
AN: Apr 55/22
