Aviva Guaranteed Income Plan

At Aviva we recognize your efforts and hard work to provide your loved ones with a comfortable life today and tomorrow. Presenting Aviva Guaranteed Income Plan, a life insurance cum savings oriented plan that assists you financially by guaranteeing returns in the form of 11 regular payouts over 10 years. These regular payouts are passed onto your family in case of your untimely death.




Entry Age

3 to 50 years last birthday

Maturity age

18 to 65 years last birthday

Policy Term

15 years

Premium Payment Term

10 years

Payout Period

10 years from maturity i.e. 15th to 25th year

Annualized Premium (Min)

Entry Age 3 to 45 years: Rs. 50,000

Entry Age 46 to 50 years: Rs. 75,000

Annualized Premium (Max)

Rs 1,00,00,000  (per life)

Sum Assured


​ Sum Assured is 20.2 times your Annualized Premium which is payable spread over a period of 10 years

Minimum Sum Assured

Maximum Sum Assured

Rs 10,10,000 (minimum annualized premium of Rs.50,000 X 20.2)

Rs.20,20,00,000 per life (maximum annualized premium of Rs.1,00,00,000 X 20.2)

Premium Payment Frequency

Annual only


Benefits That You Will Receive

Maturity Benefit:

In case the life insured survives till the end of the Policy Term and provided all due premiums have been paid; the Maturity Sum Assured will be paid in the following manner:

  • 11 annual instalments of “1.2 times of the Annualized Premium” shall be paid at the end of each year during the Payout Period, starting from the maturity date.
  • A lumpsum amount of “7 times of the Annualized Premium” shall be paid at the end of the Payout Period


An additional Guaranteed Terminal Benefit, depending upon age at entry, is paid along with the last payout.

In case of unfortunate death of the Life Insured while receiving the regular income, the outstanding regular payouts shall be paid to the nominee/beneficiary.


Death Benefit:

In case of death of the life insured during the policy term provided all due premiums till date of death have been paid, the Death Sum Assured payable shall be highest of the following amounts:

  1. 10 times of the Annualized Premium, or
  2. 105% of all the Total Premiums paid as on date of death, or
  3. Maturity Sum Assured
  4. Sum Assured, an absolute amount

The Sum Assured will be paid in the following manner:

  • If death occurs during the policy term, 11 regular annual installments equal to 1.2 times  of the Annualized Premium shall be payable, with the first installment being paid at the time of  Death and the remaining 10 annual installments payable on each of the death anniversary of the life insured
  • A benefit of “7 times  of the annualized premium” will be payable along with the last annual installment on the 10th death anniversary
  • In addition, your nominee also receives the Guaranteed Terminal Benefit along with the last payout

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UIN: 122N130V01

Advt No: Mar 1/20