Aviva iGrowth- Unit Linked Insurance Plan

Aviva i-Growth

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.

How Does it


ULIP Plan - Best Investment Options

We all have multiple goals and ambitions in life for ourselves and our loved ones. You not only have to provide for their daily needs, but also safeguard their future in case of your sudden absence from their lives. Managing all these tasks single-handedly can get overwhelming and after a point become really stressful. However, with proper savings plan and financial planning, all these responsibilities can be tackled with ease.

As a smart planner you would always want to assure financial security for the future and at the same time make your money grow in the present. We at AVIVA understand and appreciate the unwavering dedication you have towards your family and hence have introduced the AVIVA iGrowth plan. AVIVA iGrowth is an individual unit linked, non-participating life insurance plan that is savings oriented. This plan does the job of making your money work harder and at the same time offer comprehensive protection to you and your family.

You can buy this plan online with the help of few simple steps and rest assured knowing that you have made the right commitment to your life goals.

Save and invest with the AVIVA iGrowth Plan

A unit-linked savings scheme, the AVIVA iGrowth plan offers you dual benefits of life cover and wealth-creation. It is one of the best investment options for securing your loved ones in your absence by building your savings.

Hassle-free purchase

You do not need to provide any medical test reports for purchasing this ULIP. All you need to do is submit a self-declaration of good health in the proposal form while purchasing the policy.

Fund options

Wealth creation must go hand-in-hand with your risk appetite. The AVIVA iGrowth plan offers you the option to choose from three unit linked funds- Bond Fund-II, Balanced Fund-II, and Enhancer Fund-II.

- The Bond Fund-II has a high percentage of debt allocation and is perfect for investors with less risk tolerance.

- The Balanced Fund-II strikes a balance between steady returns and capital growth, making it suitable for a medium risk profile.

- The Enhancer Fund-II is for the aggressive investor with high equity asset allocation. The high equity exposure can help achieve long-term capital growth.

The option to choose funds based on your risk appetite makes it one of the best investment options available to you.


The returns of this savings scheme depend on how the funds you have chosen fare. If you are not satisfied with the fund performance, you can use Premium Re-direction or the Unit Switch feature of the ULIP.

Premium Re-direction allows you to divert your future premiums to a different fund of your choice in the ULIP.

With Unit Switch, you can switch your accumulated funds partly or completely between the three fund options in the ULIP.

Maturity benefit

You will receive the fund value of the ULIP, along with loyalty additions, on surviving the policy tenure.

Loyalty benefits

Being regular with your premiums towards the unit linked insurance plan makes you eligible for loyalty benefits. You can avail of loyalty additions as a percentage of your fund value in that year.


Policy tenure Loyalty addition as % of the fund value in the final three years
10 1.25%
15 2.70%
20 3.00%

You can avail of these benefits in the final 3 years of the unit linked insurance plan term.

Partial withdrawals

The ULIP addresses your liquidity needs by allowing partial withdrawals. You can make 4 partial withdrawals from the accumulated amount in your fund after the first 5 policy years.

Tax benefits

Purchasing a ULIP makes you eligible for tax benefits as per the Income Tax Act 1961. Consult your financial advisor or a company representative to know more about this.

The above features can make this savings scheme one of the best investment options for your needs.