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Retirement Insurance Plans

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    Get a corpus for retirement years

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    Get a guaranteed* regular income for life

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    Tax benefits

*Subject to all due premiums paid.

Tax benefits are as per prevailing tax laws which are subject to change. Aug 16/19.

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Retirement Insurance Plans

  • icon

    Get a corpus for retirement years

  • icon

    Get a guaranteed* regular income for life

  • icon

    Tax benefits

*Subject to all due premiums paid.

Tax benefits are as per prevailing tax laws which are subject to change. Aug 16/19.

Retirement Plans

Keep your freedom and dignity intact in the second innings of life!

When you are young and at an early stage of your career, you are always full of zeal and energy to chase dreams, fulfill goals and face the challenges life throws at you. Though money can’t buy happiness, it helps us improve and maintain a lifestyle throughout. At this stage you seldom choose to not think about what the future of these aspirations would look like- when you are at the end of your career. retirement planning helps you with financial freedom, dignity and taking responsibility of dependents even after stepping down from your professional role. Retirement Plans work as savings for your second inning as well as an investment into a healthy and happy future. Moreover, the right retirement investment plan plays the role of a financial stress-buster in your golden age. You not only remain financially self-sufficient to look after your health or fulfill your dreams like travelling,  etc., but can also take-out enough funds to support your children & grandchildren financially!

Our Retirement Plans

More than financial freedom – it’s a key to maintain a good lifestyle after your regular earnings come to a halt

Savings plan for worry –free second innings

Aviva Next Innings Pension Plan

Key Benefits
  • Guaranteed 210% of premiums paid at maturity
  • Provide financial security to your family in case of the death
  • Tax deduction on premiums paid and tax exemption under 80(C), 10 (10D)

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Talk to an Expert

Pay once and get guaranteed payouts for life

Aviva Annuity Plus

Key Benefits
  • Annuity amount guaranteed for the life of the policy
  • 7 annuity options to choose from
  • Flexibility to increase purchase price for higher annuity amount

Know More

Talk to an Expert

Savings plan for worry –free second innings

Aviva Next Innings Pension Plan

Key Benefit
  • Guaranteed 210% of premiums paid at maturity
  • Provide financial security to your family in case of the death
  • Tax deduction on premiums paid and tax exemption under 80(C), 10 (10D)

Talk to an Expert

Know More

Pay once and get guaranteed payouts for life

Aviva Annuity Plus

Key Benefit
  • Annuity amount guaranteed for the life of the policy
  • 7 annuity options to choose from
  • Flexibility to increase purchase price for higher annuity amount

Talk to an Expert

Know More

Why Aviva Retirement Insurance Plans

We believe you should never compromise in living life king size, even after you retire

  • Your claim comes first

    Over the last year we settled 94.45% of all claims made

  • We are the Most Trusted

    Awarded Best Brand 2019 & Most Trusted Brand 2018 & 2019
    (TRA brand Trust Report, 2019 & Economic Times)

  • Strong Partnerships

    We are a joint venture of Dabur Invest Corp and Aviva International Holding Limited

Straight From Our Customers

  • "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
  • "Aviva has always been accommodative and responsive towards providing services to me since the past 12 years. They are very positive and professional in providing assistance and advice to me whenever I have sought any help."

    Mr. Preet Mohindera Singh, Aviva Pension Plus
  • "As a vintage client since 2005, my best wishes are with Aviva for their amazing relationship management! I trust them to take care of my Investment and Risk & truly believe that I have secured my family well with this plan!"

    Mr. Vikas Sharma, Retirement Plan

Straight From Our Customers

"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

"Aviva has always been accommodative and responsive towards providing services to me since the past 12 years. They are very positive and professional in providing assistance and advice to me whenever I have sought any help."

Mr. Preet Mohindera Singh, Aviva Pension Plus

"As a vintage client since 2005, my best wishes are with Aviva for their amazing relationship management! I trust them to take care of my Investment and Risk & truly believe that I have secured my family well with this plan!"

Mr. Vikas Sharma, Retirement Plan

The Why, What & How of Retirement Insurance Plans

All your doubts and questions answered by the experts

Learn More

Frequently Asked Questions

What is a Pension/Retirement Plan?

  • During the early stage of your career, you may want to set aside some funds/assets to meet specific goals such as travelling, pursuing your hobbies, buying a car or house of your own, etc.
  • At the Mid- career stage, you start with setting money aside to plan for your life after retirement, such as for living arrangements, health funds, family responsibilities and more.
  • Then comes the retirement age, wherein you reap the benefits of years of successful savings and investments. You no longer pay in; instead, your years of savings start to give you benefits.

Why do you need a Retirement/Pension Policy?

Although essential, retirement planning could be quite challenging in the early stage of your career. You are young and extremely busy starting off and excelling in your career, starting a family, or settling in a new location. You don’t have the time or feel the need to think about planning for your retirement just yet.


However, time flies so fast, and you will have to think of it then. So, why not start now?


Here’s how Retirement Plans in India help in keeping the financial freedom intact:

  • Retirement funds can help you face any unexpected circumstance, be it health issues or wealth worries, in the future.
  • Even after retirement, you can financially support your dependents towards their financial needs.
  • You can even fulfill your dreams or life goals such as travelling the world, etc.
  • With all of this, most importantly, you can still enjoy your financial freedom after you retire.

Not just this, a Retirement Plans helps you safeguard your dependents’ financial future; where in case of the unfortunate demise of the life insured, the nominee can avail the financial benefits of the plan.

How to choose a good Retirement/Pension Plan?

Inflation is a big factor you need to consider when you start thinking about planning your retirement. You need to take into account how much will you need in order to maintain the similar lifestyle after retirement.


For example, you currently require Rs. 1 lakh a month to maintain a good lifestyle. 20 years from now, you will have to spend Rs. 3.27 lakh a month to enjoy the same lifestyle, considering constant inflation of 6% during the period.


You may want to use a retirement calculator to know how much money would you need in future for your retirement in India.


While choosing a Retirement Pension Plan, think carefully about the following aspects:


  • Investment options available for you
  • Current annual earnings and estimated retirement income
  • Rates of return-on-investments and compound interest
  • Risk and return of various schemes and assets
  • At what age and how long from now you wish to retire


Planning for retirement is a long-term goal, and investing early will give you more time to save and invest better, in a manner that will provide you higher pay outs as retirement corpus. Your risk appetite is higher in the early stage of life, and you have more time to make up for any losses incurred over the period.


However, as you move closer to your retirement age, your risk appetite gradually scales down.

How Aviva's Retirement/Pension Plans secure the financial future of your family?

Every individual sees and lives life differently. Keeping this in mind, we have designed plans to fulfill your life goals and support your aspirations even after retirement.

Aviva Retirement Pension Plans provide the following benefits:

  • Get a guaranteed savings corpus
  • Opt for lump sum investment
  • Avail tax benefits on premiums paid under section 80C of the Income Tax Act


Moreover, you can choose the time period for which you wish to avail the benefits of the plan. Some of our plans are also designed in a way where, in case of annuitant’s demise, the nominee will avail the benefits till the annuity period is over.


Aviva gives you 7 Annuity options and and helps you plan for your retirement:

1. Life Annuity: An equal annuity is paid in arrears as long as the annuitant survives

2. Annuity Guaranteed for 5 years and life thereafter

3. Annuity Guaranteed for 10 years and life thereafter

4. Annuity Guaranteed for 15 years and life thereafter

5. Annuity for life increasing at 3% per annum simple interest: Life annuity increasing at 3% p.a. is paid in arrears as long as the annuitant survives.

6. Life Annuity with Return of Purchase Price: A level annuity is paid in arrears as long as the annuitant survives and the Purchase Price of the annuity is paid to the nominee in case the annuitant passes away.

7. Joint Life Last Survivor Annuity: An equal annuity or pension is paid in arrears as long as both or either of the two annuitants survives.

How does a Retirement/Pension Plan work?

Many investors and policy buyers often mistake a retirement investment plan as a means of savings until they are 65. Actually, if you start early and are in for long-term planning, these plans offer whopping benefits.


A Retirement Pension Plan works in two stages:


1) Accumulation stage: The stage when you start and continue to invest in policies, to build a retirement corpus.

  • At the start, you choose a pension plan, and the estimated amount you wish to receive upon maturity. This will help you align your policy term to your desired age of retirement.
  • Choice of the investment period (Premium Paying Term) – Depending on your lifestyle choices as well as investment and risk appetite, you need to decide the period for which you want to pay the premium for the plan. In case of a lump sum investment, you will be paying the whole amount at once.

2) Vesting age: The age at which your pension plan will start paying out. Your decision to quit your job at an early age will depend a lot on your financial status.

  • Once your retirement pension policy matures, you can avail the built corpus based on the annuity options chosen by you.

What is a Pension/Retirement Plan?
Why do you need a Retirement/Pension Policy?
How to choose a good Retirement/Pension Plan?
How Aviva's Retirement/Pension Plans secure the financial future of your family?
How does a Retirement/Pension Plan work?
AN: Oct 27/19

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Please note that we will be accepting cash for premium payment only in legal tender as specified by Government of India | Click here to view the Annual Report of FY 2018-19 | We strongly advise consumers to deal only with financial institutions, advisers, firms or companies that are regulated by IRDAI | For any queries, please get in touch at 1800 103 7766 or 0124- 2709046 | Stay Alert. Stay Protected. Click here for important information regarding spurious calls and emails | Click here to read IRDAI's public notice on spurious calls and fictitious offers | Now enjoy the convenience of direct transfer of your policy benefits, whenever due, to your bank account. To update your bank details, call us at 1800 103 7766 | Aviva India announces simplified claim process & late fee waiver for policy holders affected in recent floods in the states of Gujarat, Maharashtra, Karnataka & Kerala. Click here to know more | Click here to view Notice of 19th Annual General Meeting | Click here to view Proxy Form |