• Aviva Dhan Vriddhi Plus Savings 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 Vriddhi Plus Savings Plan not only helps you in securing the future of your family but also helps you invest your money and see it grow. This plan allows you to get a steady amount of money equivalent to the premiums paid by you including other benefits and bonuses. It is a traditional limited pay participating plan which ensures that your money continues to grow without too many risks attached to it.

    Eligibility - Who is the Dhan Vriddhi Plus Savings Plan for?

    Before buying this plan, it is important to know the eligibility criteria which are listed below:

    Parameters Criteria for eligibility
    Minimum age at entry 18 years
    Maximum age at entry 50 years
    Maturity Age 70 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

    Sum Assured is the total guaranteed amount to be paid by the insurer to the insured. The sum assured will be based on the premiums he/she will pay and doesn’t include any additional benefits that he/she may be entitled to. The sum assured payable for this particular plan is given below:

    Minimum Sum Assured The minimum sum assured will be based on your premium payment term (PPT). The sum assured for each premium payment term is given below: For PPT being 5 years:
    • For entry age 18-45, the  minimum sum assured is Rs.5 lakh
    • For entry age 46-50, the  minimum sum assured is Rs.10 lakh
    For PPT being 7 years:
    • Minimum sum assured is Rs.5 lakh
    For PPT being 11 years:
    • Minimum sum assured is Rs.3 lakh
    Maximum Sum Assured The maximum sum assured for all the premium payment terms will be Rs.5 crore.


    The premium you will pay will be based on the sum assured amount. You will have to choose your premium payment term during the inception of the policy and accordingly pay your premiums. Important information related to your premium payments is given below in the table:

    Policy Term 20 years
    Premium Payment Term (PPT) 5 years, 7 years and 11 years
    Annualised Minimum Premium Amount Rs.21,258
    Annualised Maximum Premium Amount Rs.4,868,500
    Premium Payment Frequency Annual Only

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

    Plan Coverage – What does the Dhan Vriddhi Plus Savings Plan cover?

    Death Benefit In case of an unfortunate death of the insured, the nominee will be paid the death benefit provided that all the premiums have been paid on time. Death Benefit payable as per this policy is:
    • Death Sum Assured
    • Terminal Bonus
    • Simple reversionary bonus
    Death Sum Assured will be the higher of:
    • 10 times the annualised premium
    • 105% of all the premiums paid
    • Sum Assured of the policy
    • Maturity Sum Assured of the policy
    Maturity Benefit On the completion of the policy term, the insurer will be entitled to be paid the maturity benefit provided that all the premiums have been paid. The maturity benefit payable as per this policy is:
    • 100% return of premiums paid + vested simple reversionary bonuses + terminal bonus
    The policy will be terminated after it attains maturity.

    Riders/Add-On Plans – Additional coverage under the Dhan Vriddhi Plus Savings Plan

    There are no rider or add-on plan.

    Exclusions - What the Dhan Vriddhi Plus Savings doesn’t cover?

    This plan has a suicide exclusion. In the event of the unfortunate death of the insured within a year of the purchase or the revival of the plan, the nominee will be entitled to 80% of the total premium paid excluding any taxes.

    Other Key Features – Free-Look Period, Surrender Value, Grace Period, etc.

    Grace Period The policy will lapse if the premium is not paid within 30 days.
    Free Look Period If you are not satisfied with the terms and conditions of the policy, you can return it back within 15 days of the date of purchasing the plan.
    Surrender Value You can surrender your policy provided that the premiums for two policy years have been paid.
    Nomination and Assignment In accordance with Section 39 of Insurance Act, 1938, one can change his/her nominees or transfer their rights to another person.
    Bonuses Since your money will be invested in funds and play a role in its profits, you will be eligible for a bonus called simple reversionary bonus and will become a part of your sum assured. The bonus will be paid to you at the time of death or the policy attaining maturity. A terminal bonus, a part of the sum assured will also be paid at the time of surrendering of the policy or when it attains maturity.

    Tax Benefits – How you can save with the Dhan Vriddhi Plus Savings Plan

    You will be entitled to various tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. The income tax laws are subject to change, hence it is important to consult a tax advisor for any queries related to tax.

    Other Benefits of  Aviva Life Insurance

    Aviva Life Insurance provides you with various other benefits apart from the policy benefits you will be entitled to.

    • Information about various Products: You can browse through all the products online before zeroing down on the plan you feel is best for you as per your financial requirements.
    • Easy Purchase: If you think a particular plan is perfect for you, you can easily buy it online, thus making the whole process a hasslefree one.
    • Manage your Policy: Right from paying your premiums to filing for claim to viewing your fund details, you have the option of taking care of your policy just the way you want, all from the comfort of your home.
    • Planning: You can plan your future as Aviva helps you make the right calculations whether it concerns the education of your children or your own life post retirement.
    • Customer Service: Aviva boasts of an extensive customer care service available for you 24x7. In case of any query, you can give them a call on their toll-free number or mail them at their email id. You can also request them to call you back by providing your number.

    Why you should buy the Dhan Vriddhi Plus Savings Plan from Aviva Life Insurance?

    This particular plan not only secures your and your family’s future, but also provides you with various benefits such as tax and death benefit. The  fact that this particular plan also provides various kind of bonuses which becomes a part of your sum assured are some of the facilities which makes this plan a very sought after one.

    Aviva Life Insurance is  joint venture between Dabur Invest Corp and Aviva International Holdings Limited. It boasts of being the first company to introduce modern unit-linked and profitable plans for their customers.  They boasts of having a large customer base of close to 33 million people across 16 countries coupled by a very strong sales force. They are considered the best when it comes to taking care of their customers as they enjoy 100% success rate in addressing their consumers’ grievances.

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