Dhan Samruddhi Plan, a savings cum protection plan which provides you and your family a protective cover while also allowing you to see your investments grow.
It is important to know the criteria required to be eligible for this plan. The eligibility criteria for this particular plan are given in the table below:
|Parameters||Criteria for eligibility|
|Minimum age at entry||13 years|
|Maximum age at entry||55 years|
|Minimum age at maturity||23 years|
|Maximum age at maturity||70 years|
*Ages mentioned above are as on the policyholder’s last birthday.
Sum Assured is the minimum amount you will be paid by the insurer on the completion of your policy term or on your death. The sum assured wont’ contain any benefits or bonuses that you might be entitled to. All the relevant information on the sum assured for this plan are given in the table below:
|Minimum Sum Assured||Rs.1 lakh|
|Maximum Sum Assured||Rs.5 crore|
Premiums to be paid by you will be decided in the beginning when you take up the policy. Your premiums will depend on the policy term of your plan, sum assured and premium payment term. All the relevant information on premiums for this plan are given in the table below.
|Policy Term||10, 15 or 20 years|
|Premium Payment Term (PPT)||10 years|
|Premium Payment Frequency||Yearly, Half-Yearly, Quarterly and Monthly|
|Maximum Premium||Rs.47.53 lakh|
* Premiums will vary based on age, location, plan term, GST, and other factors.
|Death Benefit||Incase of insured’s death, the beneficiary will be paid:
|Maturity Benefit||Maturity benefit equivalent to the sum assured will be paid to the insured.|
|Survival Benefit||Survival Benefit equal to 125% of Annualised Premium will be payable at the end of every 5th policy year except on maturity.|
There are no additional riders that one can purchase along with this policy.
|Grace Period||A grace period of 30 days is given.|
|Free-Look Period||You can return the policy within 15 days of the date of the purchase of the policy if you don't agree with the terms and conditions.|
|Reinstatement||If your policy lapses, you have the option to reinstate it back within 2 years of the last date of your due premium.|
|Guaranteed Additions||You will be eligible for guaranteed additions to your fund value depending your policy term.|
You are eligible for tax benefits under Section 80C of Income Tax Act, 1961. Since, income tax laws are subjected to changes, it is always advisable to consult a tax consultant in case of any queries.
Aviva Life Insurance not only provides you with various benefits that you are entitled to, but also ensures that you enjoy various other non-policy benefits as a customer of Aviva Life Insurance. Some of the benefits provided are:
Aviva Dhan Samruddhi Child Plan is a traditional insurance plan which promises cash back every 5 years It aims to not only protect you and secure your family’s future but also ensures that your investments continue to increase so that you can fulfill your financial requirements in later period.
Aviva boasts of having more than 40 million customers spread across 20 plus countries. It boasts of having a 100% success rate in addressing their customers grievances and is also the recipient of various awards including ‘Certificate of Excellence’ at the PR Week Asia Awards 2014 in Hong Kong.
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