• Aviva Dhan Nirman Child Plan

    Life Insurance
    • Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
    • Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
    • Do more with plans that offer pure protection, retirement planning and investment options

    Aviva Dhan Nirman Child Plan

    Aviva brings to you a simple and traditional insurance plan designed to not only provide protection to you and your family but also ensure that you continue to get a regular stream of income. This particular plan also provides you with various benefits including tax and maturity. After your policy attains maturity, you also become eligible for a bonus as well. The plan is extremely flexible too keeping in mind your needs and financial capabilities as it allows you to change the frequency of your premium payments as well.

    Eligibility - Who is the Aviva Dhan Nirman Child Plan for?

    The eligibility criteria for this plan are given below:

    Parameters Criteria for eligibility
    Minimum age at entry 4 years
    Minimum age at entry 50 years
    Maximum age at maturity 75 years

    *Ages mentioned above are as on the policyholder’s last birthday.

    Sum Assured and Premium Range - What you get and what it costs?

    Sum Assured is the minimum amount to be paid to the insured by the insurer. The sum assured won’t contain any benefits or bonuses you might be entitled to. All the relevant information regarding sum assured for this plan are given in the table below:

    Minimum Sum Assured Rs.2 lakh
    Maximum Sum Assured Rs.1 crore


    The premium to be paid will be decided at the inception of the policy. The premium payable will depend on the sum assured, policy term and the premium payment term. All the relevant information regarding the payment of premium for this plan is given below in the table:

    Policy Term
    • 18 years
    • 21 years
    • 25 years
    • 30 years
    Premium Payment Term (PPT)
    Policy Term Premium Payment Term
    18 years 14 years
    21 years 15 years
    25 years 16 years
    30 years 18 years
    Minimum Premium Rs.14,486 p.a.
    Maximum Premium Rs.9,98,000 p.a.
    Premium Payment Frequency
    • Annual
    • Half-yearly
    • Quarterly
    • Monthly

    * Premiums will vary based on age, location, plan term, GST, and other factors.

    Plan Coverage – What does the Aviva Dhan Nirman Child Plan cover?

    Death Benefit In the unfortunate death of the insured, the sum assured will be paid as death benefit to the beneficiary. Death Benefit payable will be highest of :
    • 10 times annualised premium or
    • 105% of all premiums paid or
    • Sum Assured or
    • Maturity Sum Assured
    Maturity Benefit Maturity Benefit will be payable after the policy attains maturity provided that all the premiums have been duly paid.
    Survival Benefit If the insured survives post the completion of his/her premium payment term and provided all premiums have been paid on time, a survival benefit equal to 150% of the annual premium will be paid.

    Riders/Add-On Plans – Additional coverage under the Aviva Dhan Nirman Child Plan

    There are no additional riders that one can purchase along with this policy.

    Other Key Features – Free-Look Period, Grace Period, Partial Withdrawal, etc.

    Grace Period The grace period for yearly, half-yearly and quarterly premiums is 30 days and 15 days for monthly premiums.
    Free-Look Period A free-look period of 15 days are given.
    Changing of Premium Frequency You have the option of changing your premium frequency mode at any point of time in a policy year. A payment of Rs.100 will have to be made in order to avail this option.
    Surrender Value You have the option of surrendering your policy provided you have paid two years premiums.
    Nomination Nomination is allowed under Section 39 of Insurance Act, 1938.
    Assignment Assignment is allowed under Section 38 of Insurance Act, 1938.

    Tax Benefits – How you can save with the Aviva Dhan Nirman Child Plan

    You are eligible for tax benefits under Section 80C of Income Tax Act, 1961. Since, income tax laws are subject to change, it is always advisable to consult a tax advisor in case of any queries or doubts.

    Other Benefits of Aviva Life Insurance

    Aviva Life Insurance not only provides you with various benefits that you are entitled to, but also presents you with various other non-policy benefits as their customer of Aviva Life Insurance. Some of the benefits provided are:               

    • Information about various products: You can find information on all the products offered by Aviva before zeroing down on the one suitable for you.
    • Buy your plan online: If you feel that any plan is suitable for you, you have the option of purchasing it online thus saving you time and making the whole process hasslefree.
    • Manage your policy: You can manage your plan just the way you want. Whether it’s paying your premium or filing your claim, you can manage your policy from the comfort of your house, just the way you prefer.
    • Planning: Aviva helps you in planning for your future. Whether it's planning for your life post retirement, children’s education or even the home you dream of, Aviva helps you in making the right calculations and right financial decisions as well.
    • Customer Service: Aviva boasts of an inclusive customer care support service available for you 24x7. You can call them on their toll free number or mail them on their official email id. You can even ask them to call you back by providing your contact details as well.

    Why you should buy the Aviva Dhan Nirman Child Plan?

    The Aviva Dhan Nirman Child Plan is a simple insurance plan which ensures that not only is your family’s future secured but the money you have invested in this policy also grows. Along with tax and maturity benefits that you are entitled to, the option of changing your frequency mode and even surrendering your policy incase you are unable to pay your premiums due to any reason makes it a sought after insurance policy.

    Aviva Life Insurance is a joint venture between Dabur Invest Corp and Aviva International Holdings Limited, two of the oldest financial institutions in their own right. Aviva boasts of having more than 40 million customers spread across 20 plus countries. Dabur Invest Corp is a flagship company of Dabur International. Aviva Life Insurance has 100% success in addressing their customers’ grievances and is a  recipient of various awards including ‘Certificate of Excellence’ at the PR Week Asia Awards 2014 in Hong Kong.

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