Aviva Bharat Bal Vikas Yojana

In today’s uncertain times, planning for your child’s future and your retirement is essential. Presenting a thoughtfully crafted life insurance plan that brings together affordability, assurance, and guaranteed returns.

Tailored for the rural and semi-urban population, this cost-effective plan offers flexible policy terms and premium payment options. Whether you're building a financial safety net for your child or preparing for a worry-free retirement, this plan is designed to support both goals — all in one. It’s more than just insurance — it’s your partner in long-term financial planning.

Why should you buy Aviva Bharat Bal Vikas Yojana

Here are a few reasons why Aviva Bharat Bal Vikas Yojana may be an ideal choice for you:

Flexibility Tailored to Your Life:
We understand everyone’s financial journey is different. That’s why this plan lets you choose both your Policy Term (12 to 30 years) and Premium Payment Term (7 to 25 years), so that the product fits around your financial commitments and life stage planning.
Guaranteed Peace of Mind with Guaranteed Maturity Benefit:
Know exactly what you will receive at the end of the policy term. The guaranteed maturity benefit gives you the confidence to plan for your child’s future — such as higher education, marriage, or even major family goals. The Maturity Sum Assured is pre-determined based on your chosen Age, Premium amount, Policy Term, Premium Payment Term, Sum Assured multiple and payment frequency — so you have full transparency.
Smart Savings with Tax Benefits:
Along with building a savings corpus, this plan may offer tax benefits on premiums paid and on maturity amounts received, as per prevailing tax laws, helping you save more while securing your child’s future.

A Plan That Grows with Your Child's Dreams:
Whether you’re aiming for higher education, setting up a business, or planning a wedding, the maturity benefit gives you the freedom to fund the goals that matter most to you and your family.
Guidance You Can Trust:
Our trained agents are here to guide you through every step — from understanding how the plan works to making the right premium and policy term selections for your family’s needs.
Budget-Friendly Premiums:
Securing your child’s future starts with as little as ₹1,000 per month. Premiums can be paid monthly, quarterly, half-yearly, or yearly — with no Modal Loadings. Additionally, higher maturity benefits apply if you pay quarterly, half-yearly or yearly instead of monthly.

Benefits of Aviva Bharat Bal Vikas Yojana

In the Unfortunate Event of Death During the Policy Term:
If the life insured passes away during the policy term and all premiums have been paid, the nominee will receive a Death Benefit, which will be the highest of:
1. Death Sum Assured (7x or 10x of Annualised Premium)
2. X% (Min 105%) of Total Premiums Paid (as per guaranteed death benefit factor table available on website)
3. Surrender Value as on date of death (higher of Guaranteed Surrender Value or Special Surrender Value)
This robust death benefit ensures that even in your absence, your child's dreams are not compromised.

A Secure Future with the Maturity Benefit:
If the life insured survives till the end of the policy term and all due premiums are paid, a Maturity Sum Assured will be paid out. This amount is guaranteed and pre-determined. It can be used to meet your child’s higher education, marriage, or any other future need with confidence.

Terms & Conditions of Aviva Bharat Bal Vikas Yojana

Features of Aviva Bharat Bal Vikas Yojana

Eligibility

Entry Age	- Minimum: 3 Years (last birthday) for PT ≥ 15 years - Minimum: 6 Years (last birthday) for PT = 12 years - Maximum: 50 Years (last birthday)
Maturity Age	- Minimum: 18 years - Maximum: 80 years depending on policy term
Policy Term (PT)	12, 15, 20, 25, or 30 years
Premium Payment Term (PPT)	7, 10, 15, 20, or 25 years (fixed to selected policy term)
Premium Amounts	- Annual: ₹12,000 / ₹24,000 / ₹36,000 / ₹48,000 / ₹60,000 - Half-yearly: ₹6,000 / ₹12,000 / ₹18,000 / ₹24,000 / ₹30,000 - Quarterly: ₹3,000 / ₹6,000 / ₹9,000 / ₹12,000 / ₹15,000 - Monthly: ₹1,000 / ₹2,000 / ₹3,000 / ₹4,000 / ₹5,000
Payment Frequency	Yearly / Half-Yearly / Quarterly / Monthly

Frequently Asked Questions - Aviva Bharat Bal Vikas Yojana

It is an Individual Non-Linked, Non-Participating Savings Life Insurance Plan designed for the rural and semi-urban population, offering guaranteed returns and flexible terms to build a secure financial corpus for a child’s future.

The plan offers flexible premium payment terms (PPT) and policy terms (PT), allows you to choose your premium amount and payment mode, provides a guaranteed maturity benefit, and includes life cover throughout the term.

Key benefits include guaranteed maturity benefit, robust death benefit (with minimum 105% of Total Premiums Paid), policy loan option, budget-friendly premiums, and tax benefits.

Minimum: 3 years (last birthday) for PT ≥ 15 years; 6 years (last birthday) for PT = 12 years Maximum: 50 years (last birthday)

The Maturity Sum Assured is paid to the policyholder, provided all due premiums have been paid. This amount is guaranteed and may be used for your child's needs or any other important personal or family goal.