• Aviva I-Growth 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 i-Growth Plan

    Aviva i-Growth Plan is a unit-linked, non-participating savings oriented life insurance policy designed to accelerate your savings. This particular plan not only provides you and your family with a protection cover but also helps in growing your money. You can also gain some loyalty points which later add up to give you various benefits.

    Eligibility - Who is the i-Growth Plan for?

    Before you purchase this plan, it is important to know the various eligibility criteria.


    Parameters Criteria for eligibility
    Minimum age at entry 18 years
    Maximum age at entry 50 years
    Maximum age at maturity 60 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 minimum amount that will be paid to you or the nominee, by the insurance company. The sum assured will not include any additional bonuses or benefits that you might be entitled to after the completion of the policy term. Below in the table is the minimum and maximum sum assured as per this policy.

    Minimum Sum Assured Minimum Sum Assured will be:
    • Rs.3.5 lakh
    • 10 times the annualised premium or 20 times the annualised premium based on the cover opted for.
    Maximum Sum Assured Maximum Sum Assured will be:
    • Age 18-40: Rs.50 lakh
    • Age 41-50- Rs.30 lakh


    The premium to be paid by you will depend on factors like the sum assured, policy term, premium payment term and also the frequency by which you make the payments of your premium. The relevant information on premium for this plan are given in the table below:

    Policy Term 10, 15, or 20 years
    Premium Payment Term The PPT will depend on the policy term chosen by you
    Premium Frequency
    • Yearly
    • Half-Yearly
    • Quarterly
    • Monthly
    Minimum Premium Amount Rs.35,000 per year
    Maximum Premium Amount Maximum Annualised Premium, if 10 times cover is chosen:
    • For age 18-40: Rs.5 lakh
    • For age 41-50: Rs.3 lakh
    Maximum Annualised Premium, if 20 times cover is chosen:
    • For age 18-40: Rs.2.5 lakh
    • For age 41-50: Rs.1.5 lakh

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

    Plan Coverage – What does the i-Growth Plan cover?

    Riders/Add-On Plans – Additional coverage under the i-Growth Plan

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

    Exclusions - What the i-Growth Plan doesn’t cover?

    The plan has a suicide exclusion. If the insured commits suicide within 12 months of the purchase of the policy, the nominee will be paid the fund value of the  policy.

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

    Grace Period The grace period for this plan is 30 days for Yearly, half-yearly, quarterly and 15 days for the monthly payment of your premiums.
    Free-Look Period The Free-Look for this period is 30 days
    Investment Funds This plan provides you the option of investing in upto three funds. You can either invest 100% of your money in one fund or simultaneously allocate proportion of your money to be invested in each of the funds. The funds which this plan provides you are Balanced Fund-II, Bond Fund-II and Enhancer Fund-II.
    Premium-Redirection You have the option of redirecting your premium to any fund of your choice upto 2 times in a policy year. The minimum allocation for each fund must be 10%.
    Unit Switches You can switch your partly or fully accumulated fund value to any of the three funds available to you anytime during the policy term. The minimum amount in your fund after the part switch must be Rs.5000. You are eligible to switch between your funds 12 times a policy year. The facility, if not availed cannot be carried forward to the next policy year.

    Tax Benefits – How you can save with the i-Growth Plan

    The i-Growth plans provides you with variou 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 consultant to get the maximum benefits of the provisions.

    Other Benefits of Aviva Insurance

    As a customer of Aviva Life Insurance you are not only entitled to the policy benefits, but also various other benefits as well. Some of the benefits that you can avail as a customer of Aviva Life Insurance are given below:

    • Information about various Products: The Aviva Life Insurance website allows you to browse through their different insurance plans and you can get all the information about your preferred plan as well.
    • Buy Your Plan online: If you think that there is a plan suitable for you, you can buy it immediately on the website thus saving you time and money and making the whole process hasslefree.
    • Manage Your Policy: You can manage your policy by sitting from the comfort of your home. You can pay your premium or file for your claim. You also get other options such as viewing your fund details or topping up your premiums along with other benefits you avail after using the services of Aviva Life Insurance.
    • Planning: Aviva Life Insurance also helps you in planning for your future. For instance, you can calculate the total cost you will incur while educating your children or the money you will require to lead the current standard of life during your retirement stage, etc.
    • Customer Service: Aviva Life Insurance boasts of an extensive customer care support service which is active 24x7. You can either give them a call on their toll-free number or email them on the mentioned id. You can also fax them in case you are required to send any important document as well as even request them to call you back by providing your contact details.

    Why you should buy the i-Growth Plan from Aviva Life Insurance?

    The i-Growth Plan provides you with various other benefits apart from providing you and your family a protection cover. The option of investing your money in different funds, switching your money either partially or fully from one fund to another and even redirecting your premium to any fund of your choice helps in providing the customers plethora of options in the management of their policy.

    Aviva Life Insurance is a joint venture between Dabur Invest Corp and Aviva International Holdings Limited who boast of giving their customers the option of choosing from a wide range of insurance plans based on their age, annual salary and other financial requirements. They are the first company to introduce modern unit-linked and utilised with profit plans for their customers. They are also known to have a wide distribution network coupled by strong sales force.  Aviva Life Insurance is a gold winner for ‘What’s Your Big Plan’ in the ‘Most Effective Insurance Marketing Campaign of the year’ category at the DMAi awards held in 2014.

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