Aviva Dhan Samruddhi Savings Plan

The Aviva Dhan Samruddhi Plan is a non-linked, non-participating money back plan that offers guaranteed returns. Everyone wants to build their savings so that achieving the long term financial goals can be easier. The Aviva Dhan Samruddhi Plan is a savings-cum-protection plan that allows the policyholder to build a corpus for his/her future investments. This plan gives back money to the policyholder periodically during the term of the policy. This helps him/her to take care of the ongoing financial needs easily.

Eligibility – Who is the Aviva Dhan Samruddhi Plan for?

In order to buy the Aviva Dhan Samruddhi Plan, a customer has to fulfil certain eligibility criteria with respect to his/her age and the amount of insurance he/she seeks. These conditions are as shown 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
Term of the policy	10 years, 15 years or 20 years

Sum Assured and Premium Range – What you get and what it costs

Sum Assured – It is the lump sum amount that the policyholder gets upon the maturity of the policy. In case the insured person encounters death in an unfortunate event, the sum assured is received by the nominee or beneficiary of the policyholder. Under the Aviva Dhan Samruddhi Plan, the maximum sum assured stands at Rs.5 crore and the minimum sum assured stands at Rs.1 lakh.

Minimum assured sum	Rs.1 lakh
Maximum assured sum	Rs.5 crore

Premium – It is the amount that the policyholder pays at one go or at regular intervals to keep the policy active and running. The premium payment modes that can be availed by the insured person under the Aviva Dhan Samruddhi Plan are yearly, half-yearly, quarterly and monthly. In case of monthly premium payment mode, only direct debit or ECS is allowed.

Minimum premium for monthly mode	Rs.563
Minimum premium for quarterly mode	Rs.1,675
Minimum premium for half-yearly mode	Rs.3,302
Minimum premium for yearly mode	Rs.6,464
Maximum premium	Rs.47.53 lakh
Premium payment modes	Yearly, half-yearly, quarterly and monthly (ECS/direct debit only)
Modal factor for yearly premium payment mode	1.0000
Modal factor for half-yearly premium payment mode	0.5018
Modal factor for quarterly premium payment mode	0.2591
Modal factor for monthly premium payment mode	0.0871

*Premiums may vary depending upon factors like age, location, term of the plan and applicable taxes/GST.

Plan Coverage – What the Aviva Dhan Samruddhi Plan covers

Guaranteed Additions	If the policyholder pays all the premiums for a period of one year, he/she will get the accrued guaranteed additions at the end of the policy year.
Survival Benefit	The policyholder can avail survival benefit equivalent to 125% of the annualized premium at the 5th policy year end. However, all premiums must be paid by the policyholder to enjoy the survival benefit.
Maturity Benefit	In case the insured person survives till the end of the policy term, maturity benefit is payable. This includes the sum assured along with accrued guaranteed additions.
Death Benefit	In case the policyholder encounters death in an unfortunate event and the policy is still active, death benefit is received by the nominee or beneficiary of the insured person. The death benefit payout is the highest of: 105% of the premiums paid, or 10 times of the annualized premium, or Sum assured along with accrued guaranteed additions

Riders / Add-on Plans – Additional coverage under the Aviva Dhan Samruddhi Plan

Riders or Add-on Plans cannot be availed by the policyholder under the Aviva Dhan Samruddhi Plan.

Exclusions – What the Aviva Dhan Samruddhi Plan does not cover

In case the policyholder encounters death in an unfortunate event within a period of 12 months from the issuance date of the Aviva Dhan Samruddhi Plan, the beneficiary or nominee will get 80% of the premium excluding taxes and extra premiums, provided the policy is active. If the policyholder dies within a period of 12 months from the revival date of the policy, 80% of the premiums is paid to the legal heir of the insured person excluding extra premiums and taxes.

Other Key Features

Liquidity	The Aviva Dhan Samruddhi Plan offers 125% of the annualized premium.
High Sum Assured Rebate	Rebate on the basic premium can be availed if the sum assured chosen by the policyholder is Rs.5 lakh or more.
Revival or Reinstatement	The Aviva Dhan Samruddhi Plan can be revived within a period of 2 years from the date of first unpaid premium. A renewal fee or a reinstatement fee of Rs.250 is applicable. The insurer reserves the right to revival or reinstatement of the policy.
Grace period	A grace period of 30 days can be availed for payment of due premiums under this plan for the yearly, half-yearly and quarterly premium payment modes. In case of monthly premium payment mode, grace period of 15 days can be availed by the policyholder. The benefits remain unaffected during this period.
Surrender	If the policyholder pays all due premiums for the first 2 policy years, he/she can choose to surrender it after that. The surrender value that is payable under plan is higher of the SSV (Special Surrender Value) or GSV (Guaranteed Surrender Value).
Free look period	A free look period of 15 days can availed by the policyholder under the Aviva Dhan Samruddhi Plan. During this period, the policyholder can choose to return the policy if he/she does not like the terms of the plan.

Tax Benefits – How you can save under the Aviva Dhan Samruddhi Plan

Tax benefits can be availed under the prevailing tax laws with the Aviva Dhan Samruddhi Plan by the policyholder.

Why you should buy the Aviva Dhan Samruddhi Plan from Aviva?

Aviva Life Insurance Company is one of the top insurance providers in India. The insurance solutions offered by this company comes with great benefits and features. They are designed to meet the changing requirements and needs of the customers.  This company is a joint venture of Aviva International Holdings Limited and Dabur Invest Corporation. The Aviva Dhan Samruddhi Plan allows the policyholder to build a corpus for his/her future investments.