In this policy the investment risk in the investment portfolio is borne by the Policyholder. The linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in linked Insurance Products completely or partially till the end of the fifth year.

Aviva Signature Investment Plan-Limited Pay

Aviva Signature Investment Plan-Limited Pay is an individual Unit Linked, Non-Participating Life Insurance plan that helps you invest systematically and secure the future of your loved ones in case of any unfortunate event.

This plan will help you CARE for your family, stay COMMITTED to your investment goals, and face the future with CONFIDENCE!

Why should you buy Aviva Signature Investment Plan-Limited Pay

Aviva Signature Investment Plan-Limited Pay is that one plan which offers you both, wealth creation and financial security, with added convenience.

Flexibility to manage your money
Pay Premiums for Limited Pay of 5 Years/10 Years/15 Years/20 Years and enjoy long term investment benefits
Freedom to decide and change investment-linked funds basis risk appetite- switching and redirection
Transparency of your investments
Flexibility to access money when required after 5 years (partial withdrawals)

Comprehensive maturity and death benefits to secure the future of loved ones
Long-term market-linked returns on your ULIP investment
Significant tax savings on your investments as well as maturity/death benefit according to prevailing tax laws subject to change.
Robust insurance cover for your near-dear ones
Exemption u/s 10(10D) is not available on premium exceeding Rs. 2.5 lakh p.a. for all ULIP policies issued on/after 1st Feb, 2020. Please consult your tax advisor for complete details. Tax rules are subject to change as per government laws.

Benefits of Aviva Signature Investment Plan-Limited Pay

Death Benefits - In case of the unfortunate demise of the policyholder, the Nominee receives the sum assured or fund Value pertaining to Limited/Regular Premium or 105 percent of the total premiums received up to the date of death.
Top Up - The policyholder can make payment of top-up premium at any time during the currency of the contract provided that no limited/regular premium payments due till date are outstanding.
Partial Withdrawal - Partial withdrawals are allowed after completion of the first five policy years, provided the life insured has attained age 18 years last birthday.
Systematic Partial Withdrawal Option - The policyholder will have the choice to opt for a Systematic Partial Withdrawal option after completing the first 5 policy years anytime during the policy term except during the last 3 years before maturity.

Rewards - A policyholder can get rewarded for staying invested through periodic Milestone Boosters. Also, a policyholder can get back up to 100% of the Mortality & Policy Administration charges at maturity.
Premium Redirection - On request of the policyholder, the Company will allow the policyholder to modify the Allocation Proportion of renewal premium (proportion applicable for allocation of future premiums to various Funds) under the policy.
Maturity Benefit - The Policyholder or the beneficiary will receive the fund value on surviving the original policy tenure.
Interesting Returns - Investment in ULIP plans provides healthy market linked returns in the long run, subject to market performance.