Aviva Secure Nest Annuity Plan | Aviva India

Aviva Secure Nest Annuity Plan

Aviva Secure Nest Annuity Plan

Planning for retirement is not just about saving, it is about ensuring a stable and predictable income when you need it the most.

Aviva Secure Nest Annuity Plan is an individual, non-linked, non-participating immediate annuity plan that converts your one-time investment into regular income for life. Whether you want income for yourself or your spouse, this plan offers multiple annuity options to match your needs. With features like guaranteed annuity payouts, return of purchase price, and joint life options, the plan helps you create a reliable income stream.

Here are Unique Features of Aviva Secure Nest Annuity Plan:

  1. Guaranteed Lifetime Income: Receive a steady income for life
  2. Multiple Annuity Options: Choose from a wide range of annuity options to suit your different needs
  3. Return of Purchase Price: Ensure financial security for your family by returning the purchase price to the nominee on death (available in selective options).
  4. Joint Life Coverage: Continue income for your spouse or any other Secondary Annuitant in your absence.
  5. Flexible Payout Frequency: Receive annuity payouts monthly, quarterly, half-yearly, or yearly.
  6. Higher Purchase Price Benefits: Higher investment amounts will result in better annuity rates.

What does Aviva Secure Nest Annuity Plan Offer?

Feature Details
Type Immediate Annuity
Premium Payment Single Premium
Annuity Start Immediate
Annuity Payout Options Monthly / Quarterly / Half-Yearly / Yearly
Annuity Income Duration Lifetime

Planning for retirement is not just about saving, it is about ensuring a stable and predictable income when you need it the most.

Aviva Secure Nest Annuity Plan is an individual, non-linked, non-participating immediate annuity plan that converts your one-time investment into regular income for life. Whether you want income for yourself or your spouse, this plan offers multiple annuity options to match your needs. With features like guaranteed annuity payouts, return of purchase price, and joint life options, the plan helps you create a reliable income stream.

Here are Unique Features of Aviva Secure Nest Annuity Plan:

  1. Guaranteed Lifetime Income: Receive a steady income for life
  2. Multiple Annuity Options: Choose from a wide range of annuity options to suit your different needs
  3. Return of Purchase Price: Ensure financial security for your family by returning the purchase price to the nominee on death (available in selective options).
  4. Joint Life Coverage: Continue income for your spouse or any other Secondary Annuitant in your absence.
  5. Flexible Payout Frequency: Receive annuity payouts monthly, quarterly, half-yearly, or yearly.
  6. Higher Purchase Price Benefits: Higher investment amounts will result in better annuity rates.

What does Aviva Secure Nest Annuity Plan Offer?

Feature Details
Type Immediate Annuity
Premium Payment Single Premium
Annuity Start Immediate
Annuity Payout Options Monthly / Quarterly / Half-Yearly / Yearly
Annuity Income Duration Lifetime

Why should you buy Aviva Secure Nest Annuity Plan

  • Predictable Retirement Income
    Get a guaranteed income stream that is not affected by market fluctuations.

  • Financial Security for Family
    Options with return of purchase price ensure your investment is passed on.

  • Flexibility to Choose
    Select annuity payout frequency and annuity type based on your financial goals.

  • Immediate Annuity Income Benefit
    Start receiving income right after investing.

  • Ideal for Retirement Planning
    Helps convert accumulated savings into a steady post-retirement income.

Terms & Conditions of Aviva Secure Nest Annuity Plan

Features of Aviva Secure Nest Annuity Plan

Aviva Secure Nest Annuity Plan options

Options

  • Life Annuity : Regular Annuity income for life. No benefit on death.

  • Guaranteed Period + Life : Annuity Income payable for certain period of 5, 10, 15, or 20 years and continues for life thereafter (in case annuitant survives).

  • Increasing Annuity : Annuity Income increases at 3% per annum (simple rate) for lifetime

  • Life Annuity with Return of Purchase Price : Lifetime Annuity income with purchase price returned to nominee on death.

  • Joint Life Annuity : Annuity Income continues as long as either of the two annuitants survives.

  • Joint Life with Return of Purchase Price : Lifetime Annuity income for both annuitants, with purchase price return after last survivor’s death.

  • NPS Family Income Option : Special annuity structure only for NPS subscribers (as per PFRDA guidelines).

Eligibility

Parameter Details
Minimum Entry Age 40 years (general public)
Maximum Entry Age Up to 80 years
Minimum Annuity ₹1,000/month
Payment Type Single Premium

How it Works

1

Pay a one-time lump sum (Purchase Price)

2

Choose your annuity option and payout frequency

3

Start receiving regular income payouts

4

Continue receiving income for life ( as per chosen option)

Frequently Asked Questions - Aviva Secure Nest Annuity Plan

Aviva Secure Nest Annuity Plan is an individual, non-linked, non-participating immediate annuity plan that allows you to convert a one-time lump sum investment into a regular income stream. The income is guaranteed and continues for life as per the annuity option chosen.

You pay a single premium known as the purchase price. Based on your age, chosen annuity option, and payout frequency, the insurer pays you a fixed annuity income at chosen regular intervals such as monthly, quarterly, half-yearly, or yearly. The income starts immediately after policy issuance.

You can choose to receive annuity payouts in the following modes:

  • Monthly
  • Quarterly
  • Half-yearly
  • Yearly

You also have the option to change the payout frequency at policy anniversaries by giving prior notice.

The plan offers multiple options including:

  • Life Annuity
  • Annuity for Guaranteed Period (5, 10, 15, 20 years)
  • Increasing Annuity 3% per annum(simple rate)
  • Life Annuity with Return of Purchase Price
  • Joint Life Last Survivor Annuity
  • Joint Life Last Survivor Annuity with Return of Purchase Price
  • NPS - Family Income option (only for NPS subscribers)

Each option differs in terms of payout structure and death benefits.

The benefits depend on the option selected:

  • In basic life annuity, payouts stop after death
  • In guaranteed options, payouts continue for the remaining guaranteed period (5/ 10/ 15/ 20 years)
  • In return of purchase price options, the nominee receives the purchase price on death
  • In joint life options, annuity payouts continue to the surviving annuitant

Yes, this is possible under specific options such as:

  • Life Annuity with Return of Purchase Price
  • Joint Life with Return of Purchase Price

In these options, the purchase price (excluding taxes, if any) is paid to the nominee after death.

In most options, the annuity amount remains fixed throughout life. However, under the increasing annuity option, the payout increases at a fixed rate of 3% per annum (simple).

No, this plan does not offer any maturity benefit, as it is designed to provide lifelong income.

No, surrender value is not available under this plan. Once purchased, the policy continues as per the selected annuity option.

No, loan facility is not available under this plan.

This plan can be purchased by:

  • General public (minimum age 40 years)
  • Existing Aviva pension policyholders
  • Nominees of deceased policyholders
  • NPS subscribers (specific options only)

The minimum purchase price depends on the minimum annuity amount, which is:

  • ₹1,000 per month
  • ₹3,000 per quarter
  • ₹6,000 per half-year
  • ₹12,000 per year

This is a single premium plan, meaning you pay once at the beginning and receive income thereafter.

The annuity amount depends on:

  • Age at entry
  • Purchase price
  • Annuity option selected
  • Payout frequency

Higher age and higher purchase price shall result in higher annuity payouts.

You get a 30-day free-look period from the date of receipt of the policy document to review the terms. If you are not satisfied, you can cancel the policy and receive a refund after applicable deductions.

Yes, you can change the payout frequency at policy anniversaries by giving at least 45 days' prior notice.

Typically, annuity payments are processed automatically after policy issuance. However, KYC documents and bank details must be correctly submitted at the time of purchase.

Tax benefits may be available as per prevailing tax laws. The annuity income received may be taxable as per your income tax slab. It is advisable to consult a tax advisor.

No, this is a non-linked plan, which means returns are not dependent on market performance. The annuity income is guaranteed.

Yes, nomination is allowed as per Section 39 of the Insurance Act, 1938.

Yes, assignment is allowed as per Section 38 of the Insurance Act, 1938.

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UIN:122N182V01 | AN Mar 47/26

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