• Aviva Pension Retirement Plans

    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 Retirement/Pension Plans

    Founded in 2002, Aviva Life Assurance was formed following a joint venture between Indian conglomerate Dabur Group and Britain’s life insurer Aviva. Over the years, Aviva has become one of the fastest growing insurers in the market. Keeping in mind the necessity and need to save for the future and plan your retirement plans, Aviva has rolled out a number of retirement/pension plans for both individuals and groups.

    Features and benefits of Aviva Retirement/Pension Plans

    • The Aviva Retirement/Pension Plans are available at affordable premiums and for some customers can even choose the premium amount.
    • The Aviva Retirement/Pension Plans have a number of annuity options to choose from or can go for the lump sum payout at maturity.
    • The Aviva Retirement/Pension Plans comes with tax benefits.
    • The Aviva Retirement/Pension Plans comes with a lump sum payout in case of untimely death of the policyholder.

    Aviva Retirement/Pension Individual Plans

    Aviva Life Insurance has a number of individual plans that customer can choose depending on their financial status and one that suits them the most.

    Aviva Annuity Plus

    With the Aviva Annuity Plus, customer can choose between seven annuity options and can enjoy the benefit of a lifetime coverage in their retirement years.

    Features and benefits of the Aviva Annuity Plus:

    • The minimum entry age for the Aviva Annuity Plus is 18 years and the maximum is 80 years.
    • The Aviva Annuity Plus can be purchased at a minimum sum of Rs.25,000.
    • Policyholders can pay their premiums towards the Aviva Annuity Plus either annually, half-yearly, quarterly or monthly.
    • Policyholders can enhance the purchase price and thereby increase the sum assured.
    • Choose between 7 annuity options.
    • Policyholders can make nominations as per section 39 of Insurance Act 1938.
    • Tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
      Plan Name   Entry Age   Maturity Age   Premium
      Aviva Annuity Plus 18 years Not specified Minimum: Rs.25,000 Maximum: No limit

    Aviva Dhan Samruddhi

    The Aviva Dhan Samruddhi comes with the benefit of a cash back every 5 years as well as a guaranteed cash back on maturity. The Aviva Dhan Samruddhi takes care of the policyholder’s short term and long term needs.

    Features and benefits of the Aviva Dhan Samruddhi:

    • The minimum entry age for the Aviva Dhan Samruddhi is 13 years and the maximum entry age is 55 years.
    • The maturity age of the Aviva Dhan Samruddhi is anywhere between 23 years to a maximum of 70 years.
    • Upon maturity, policyholders are entitled to 125% of the annualised premiums.
    • If the sum assured is more than Rs.5 lakh, policyholders are granted a rebate on the basic premium.
    • Policyholders are granted a guaranteed addition of 7-9% per annum.
    • If the policyholder commits suicide within 12 months from the commencement of the policy, only 80% of the premium paid will be payable. No other benefit in this case is applicable.
    • Policyholders are granted a free-look period of 15 days. The policyholder can return the policy within this period if the policy doesn’t suit them.
    • Policyholders can make nominations as per section 39 of Insurance Act, 1938.
    • Tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
    • Policyholders can also assign the policy as per section 38 of Insurance Act 1938.
    • In case of untimely death of the policyholder, the nominee is entitled to the sum assured at that point.
    • Policyholders can revive the policy within 2 years from the first unpaid premium.
      Plan Name   Entry Age   Maturity Age   Premium
      Aviva Dhan Samruddhi Minimum: 13 years Maximum: 55 years Minimum: 23 years Maximum:70 years Depends on the sum assured and the policy term chosen by the policyholder.

    Aviva iGrowth

    The Aviva iGrowth offers customers with the benefit of life coverage as well as a guaranteed return on investment. Policyholders enrolled with the Aviva iGrowth have the option of investing in 3 funds.

    • The minimum entry age for the Aviva iGrowth is 18 years and the maximum entry age is 50 years.
    • The maturity age of the Aviva iGrowth is 60 years.
    • Policyholders can choose either a 10 year, 15 year or 20 year policy term.
    • The minimum annualised premium for the Aviva iGrowth is Rs.35,000.
    • The sum assured for the Aviva iGrowth is either 10 times the annualised premium or 20 times the annualised premium - depending on the policy term chosen by the policyholder.
    • The Aviva iGrowth comes with a lock-in period of 5 years.
    • Policyholders subscribed to the Aviva iGrowth can pay their premiums either annually, half-yearly, quarterly or monthly.
    • In case of untimely death of the policyholder, the nominee is entitled to 105% of the premiums paid.
    • Policyholders are allowed partial withdrawals after completion of 5 years in the policy.
    • Policyholders can make nominations as per section 39 of Insurance Act, 1938.
    • Tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
    • Policyholders can also assign the policy as per section 38 of Insurance Act 1938.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva iGrowth Minimum: 18 years Maximum: 50 years 60 years Minimum: Rs.35,000 Maximum: No limit

    Aviva Live Smart Plan

    The Aviva Live Smart Plan is a unit linked plan that gives policyholders the option of choosing their investment - either in equities of debt funds. With the benefit of a flexible policy term, policyholders have the the option investing in 7 fund options.

    Features and benefits of the Aviva Live Smart Plan:

    • The minimum entry age for the Aviva Live Smart Plan is 2 years (provided maturity is not before the policyholder attains the age of 18 years) and the maximum entry age is 50 years.
    • The minimum entry age for the Aviva Live Smart Plan is 18 years and the maximum is years.
    • Policyholders can choose the policy term between 15 to 30 years.
    • Policyholders can top-up their premium for a minimum of Rs,5,000.
    • In case of untimely death of the policyholder, the nominee is entitled to 105% of the premiums paid plus the fund value at that point.
    • Policyholders can choose to invest between the 7 fund options available.
    • Policyholders are allowed partial withdrawals after completion of 5 years in the policy.
    • Policyholders can make nominations as per section 39 of Insurance Act, 1938.
    • Tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
    • Policyholders can also assign the policy as per section 38 of Insurance Act 1938.
    • The Aviva Live Smart Plan comes with a lock-in period of 5 years.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Live Smart Plan Minimum: 2 years Maximum: 50 years Minimum: 18 years Maximum: 60 years   Depends on the policy term chosen by the policyholder.

    Aviva New Income Family Builder

    The Aviva New Income Family Builder comes with the benefit of life coverage as well as a pay out for a span of 12 years following maturity. The Aviva New Income Family Builder also gives a lump sum payout to the nominee in case of eventuality involving the policyholder.

    Features and benefits of the Aviva New Income Family Builder:

    • The minimum entry age for the Aviva New Income Family Builder is 6 years and the maximum is 50 years.
    • The maturity age for the Aviva New Income Family Builder is a minimum of 18 years and a maximum of 60 years.
    • The policy term and premium policy term for the Aviva New Income Family Builder is 12 years.
    • Policyholders are entitled to a pay out for 12 years from the point of maturity.
    • Policyholders can revive the policy 2 years from the first unpaid premium.
    • Policyholders are granted a guaranteed surrender value after completion of 3 years of the policy.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Live Smart Plan Minimum: 2 years Maximum: 50 years Minimum: 18 years Maximum: 60 years   Depends on the policy term chosen by the policyholder.

    Aviva Next Innings Pension Plan

    With the Aviva Next Innings Pension Plan, customers can either make a one-time payment of the premium or choose to make regular premium options. Policyholders are assured a 210% payout in the form of annuity following the point of maturity.

    Features and benefits of the Aviva Next Innings Pension Plan:

    • The minimum entry age for the Aviva Next Innings Pension Plan is 42 years and the maximum is 60 years.
    • The maturity age of the Aviva Next Innings Pension Plan is 55 years with a maximum of 78 years.
    • In case of untimely death of the policyholder, the nominee is entitled to 105% of the premiums paid as well as the accrued annual interest.
    • Policyholders can make nominations as per section 39 of Insurance Act, 1938.
    • Tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
    • Policyholders can also assign the policy as per section 38 of Insurance Act 1938.
    • Policyholders are granted a grace period of 30 days to pay the premium.
    • Failure to pay the premium during the grace period and the policy will lapse.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Next Innings Pension Plan Minimum: 42 years Maximum: 60 years Minimum: 55 years Maximum: 78 years   Single Premium: Rs.1.5 lakh Limited Premium: Rs.50,000 per annum

    Aviva Wealth Builder

    The Aviva Wealth Builder ensures that the policyholder receives a lump sum payout double to that of the premiums paid on maturity.

    Features and benefits of the Aviva Wealth Builder:

    • The minimum entry age for the Aviva Wealth Builder is 5 years and the maximum is 50 years.
    • Policyholders are assured a guaranteed payout in case of untimely death of the policyholder, or on survival till maturity.
    • The sum assured for the Aviva Wealth Builder depends on the policy term chosen by the policyholder.
    • Policyholders can make nominations as per section 39 of Insurance Act, 1938.
    • Tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
    • Policyholders can also assign the policy as per Section 38 of Insurance Act 1938.
    • Policyholders are granted a grace period of 30 days to pay the premium.
    • Policyholders are granted free-look period of 15 days from the commencement of the policy.
    • If the policyholder commits suicide within 12 months from the commencement of the policy, only 80% of the premium paid will be paid. No other benefits are applicable.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Wealth Builder Minimum: 5 years Maximum: 50 years Not specified Minimum: Single Premium: Rs.1.5 lakh Regular Premium: Rs.50,000 per annum Maximum premium: Rs.1 crore

    Aviva Life Bond Advantage

    The Aviva Life Bond Advantage gives customers the option to invest a lump sum and enjoy the benefit of a lifetime coverage. Policyholders with the Aviva Life Bond Advantage have access to their money in 5 years and can switch between 7 funds.

    Features and benefits of the Aviva Life Bond Advantage:

    • The minimum entry for the Aviva Life Bond Advantage is 2 years and the maximum is 65 years. The risk cover for the Aviva Life Bond Advantage commences immediately.
    • The minimum maturity age for the Aviva Life Bond Advantage is 18 years and the maximum is 75 years.
    • The Aviva Life Bond Advantage comes with a lock-in period of 5 years.
    • The sum assured is a minimum of 1.25 times the annualised premiums and a maximum of Rs.50 lakh.
    • Policyholders can make withdrawals after completion of 5 years.
    • Policyholders can invest in any of the 7 funds.
    • In case of untimely death of the policyholder, the nominee is entitled to 105% of the premiums paid as well as the fund value at that point.
    • Tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Life Bond Advantage Minimum: 2 years Maximum: 65 years Minimum: 18 years Maximum: 75 years Minimum: Rs.50,000 Maximum: No limit

    Aviva Dhan Vriddhi Plus

    With the Aviva Dhan Vriddhi Plus, customers can build a corpus for retirement and have 3 payment plan options.

    Features and benefits of the Aviva Dhan Vriddhi Plus:

    • The minimum entry age for the Aviva Dhan Vriddhi Plus is 18 years and the maximum entry age is 50 years.
    • The maturity age of the Aviva Dhan Vriddhi Plus is 70 years.
    • The sum assured for the Aviva Dhan Vriddhi Plus depends on the entry age of the policyholder.
    • In case of untimely death of the policyholder, the nominee is entitled to the sum assured plus bonuses.
    • On survival till maturity, the policyholder is entitled to 100% of the sum assured plus bonuses.
    • Policyholders can make nominations as per section 39 of Insurance Act, 1938.
    • Tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
    • Policyholders can also assign the policy as per Section 38 of Insurance Act 1938.
    • Policyholders are granted a grace period of 30 days to pay the premium.
    • Policyholders are granted free-look period of 15 days from the commencement of the policy.
    • The policyholder can surrender the after completion of 2 years of the policy.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Dhan Vriddhi Plus Minimum: 18 years Maximum: 55 years 70 years Minimum: Rs.21,258 Maximum: Rs.48 lakh plus

    Aviva Affluence

    With the Aviva Affluence plan, customers have the choice of investing between 7 different fund with varying risk profiles and accumulate a long-term saving.

    Features and benefits of the Aviva Affluence:

    • The minimum entry age for the Aviva Affluence is 2 years and the maximum is 50 years.
    • The minimum maturity age for the Aviva Affluence is 18 years and the maximum maturity age is 70 years.
    • The sum assured depends on the entry age of the policyholder.
    • Policyholder can choose to invest in 4 different funds.
    • The Aviva Affluence comes with a lock-in period of 5 years.
    • Policyholders can make nominations as per section 39 of Insurance Act, 1938.
    • Tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
    • Policyholders can also assign the policy as per Section 38 of Insurance Act 1938.
    • Policyholders are granted a grace period of 30 days to pay the premium.
    • Policyholders are granted free-look period of 15 days from the commencement of the policy.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Affluence Minimum: 2 years Maximum: 50 years Minimum: 18 years Maximum: 70 years Minimum: Rs.1 lakh Maximum: No limit

    Aviva Group Retirement/Pension Plans

    Aviva Group Retirement/Pension Plans cater to the needs of employees from organisations offering them life cover as well as financial security for the family of the policyholder in case of untimely death of the policyholder. Aviva Group Retirement/Pension Plans have three categories.

    • Aviva Term Plans
    • Aviva Credit Gratuity/Leave Encashment Plans
    • Aviva Group Rural Credit Protection Plans

    Aviva Term Plans

    The Aviva Term Plans are listed below:

    Aviva i-Life

    Offered at an affordable premium, the Aviva i-Life Plan offers financial protection to the family of the policyholder in case of is/her untimely death.

    Features and benefits of the Aviva i-Life Plan:

    • The minimum entry age for the Aviva i-Life Plan is 18 years and the maximum entry age is 55 years.
    • The maximum maturity age for the Aviva i-Life Plan is 70 years.
    • The minimum sum assured for the Aviva i-Life Plan is Rs.25,000. There is no maximum sum assured.
    • Group members subscribed to the Aviva i-Life Plan are granted a grace period of 30 days to pay the premium.
    • If policyholders fail to pay their premiums within the grace period, the policy will lapse. Once lapsed, the policy can be revived within 2 years from the first unpaid premium.
    • If the group member commits suicide within 12 months from the commencement of the plan, only 80% of the premiums paid will be payable.
    • Policyholders can make nominations as per section 39 of Insurance Act, 1938.
    • Tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
    • Policyholders can also assign the policy as per Section 38 of Insurance Act 1938.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva i-Life Plan Minimum: 18 years Maximum: 55 years 70 years Varies based on the sum assured chosen by the policyholder.

    Aviva i-Shield

    The Aviva i-Shield offers 110% return of premium upon maturity and also offers life coverage to the family of the group member in case of his/her untimely death.

    Features and benefits of the Aviva i-Shield:

    • The minimum entry age for the Aviva i-Shield is 18 years and the maximum entry age for the Aviva i-Shield is 55 years.
    • The maturity age of the Aviva i-Shield is 65 years.
    • The minimum sum assured for the Aviva i-Shield is Rs.15 lakh and the maximum is Rs.5 crore.
    • Upon maturity, policyholders are guaranteed 110% return of premium paid.
    • If policyholders fail to pay their premiums within the grace period, the policy will lapse.
    • The policy can be revived within 2 years from the first unpaid premium.
    • If the group member commits suicide within 12 months from the commencement of the plan, only 80% of the premiums paid will be payable.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva i-Shield Minimum: 18 years Maximum: 55 years 65 years Varies based on the sum assured chosen by the policyholder.

    Aviva i-Shield Advantage

    Just like the Aviva Life Shield, the Aviva Life Shield Advantage also offers a guaranteed return of premiums upon maturity and has the additional benefit of life coverage for the family members of the group member in case of his/her death.

    Features and benefits of the Aviva Life Shield Advantage:

    • The minimum entry age for the Aviva Life Shield Advantage is 18 years and the maximum entry age for the Aviva i-Shield is 55 years.
    • The maturity age of the Aviva Life Shield Advantage is a minimum of 28 years and a maximum of 65 years.
    • The minimum sum assured for the Aviva Life Shield is Rs.2 lakh and the maximum is Rs.50 lakh.
    • The group member is guaranteed the sum assured and the premiums paid on maturity.
    • Group members are assured the surrender value on completion of three years of the policy.

    Aviva Life Shield Platinum

    The Aviva Life Shield Platinum life coverage to the family of the group member in case of his/her untimely death and in addition gives group members protection against loan liabilities in case of an eventuality.

    Features and benefits of Aviva Life Shield Platinum:

    • The minimum entry age for the Aviva Life Shield Platinum is 18 years and the maximum entry age for the Aviva Life Shield Platinum is 60 years.
    • The maturity age of the Aviva Life Shield Platinum is a minimum of 28 years and a maximum of 70 years.
    • Policyholders can also assign the policy as per Section 38 of Insurance Act 1938.
    • If policyholders fail to pay their premiums within the grace period, the policy will lapse.
    • The policy can be revived within 2 years from the first unpaid premium.
    • If the group member commits suicide within 12 months from the commencement of the plan, only 80% of the premiums paid will be payable.
    • Policyholders can make nominations as per section 39 of Insurance Act, 1938.
    • Tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Life Shield Platinum Minimum: 18 years Maximum: 60 years Minimum: 28 years Maximum: 70 years Varies based on the sum assured chosen by the policyholder.

    Aviva Life Shield Plus

    The Aviva Life Shield Plus offers a comprehensive protection for the group members as well as for their dependants or family members. For an affordable cost, group members can be assured for a minimum of Rs.10 lakh.

    Features and benefits of the Aviva Life Shield Plus:

    • The minimum entry age for the Aviva Life Shield Plus is 18 years and the maximum entry age for the Aviva Life Shield Plus is 60 years.
    • The maturity age of the Aviva Life Shield Plus is a minimum of 28 years and a maximum of 70 years.
    • The minimum sum assured for the Aviva Life Shield Plus is Rs.10 lakh.
    • Women policyholders are offered premiums for lower rates.
    • Policyholders can make nominations as per section 39 of Insurance Act, 1938.
    • The policy can be revived within 2 years from the first unpaid premium.
    • If the group member commits suicide within 12 months from the commencement of the plan, only 80% of the premiums paid will be payable.
    • Group members are eligible for tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Life Shield Plus Minimum: 18 years Maximum: 60 years 70 years Minimum: Single Premium: Rs.10,000 Maximum: No limit

    Aviva Sampoorna Suraksha

    The Aviva Sampoorna Suraksha offers a lump sum payout to the nominee or dependants of the group member and a guaranteed benefit on maturity. In addition, policyholders can choose the premium paying length.

    Features and benefits of the Aviva Sampoorna Suraksha:

    • The minimum entry age for the Aviva Sampoorna Suraksha is 18 years and the maximum entry age is 50 years.
    • The maturity age of the Aviva Sampoorna Suraksha is 65 years.
    • As per their choice, policyholders can choose the premium paying term.
    • The minimum annual premium for the Aviva Sampoorna Suraksha is Rs.750.
    • On maturity, the group member is guaranteed the sum assured of the policy.
    • The policy can be revived within 2 years from the first unpaid premium.
    • If the group member commits suicide within 12 months from the commencement of the plan, only 80% of the premiums paid will be payable.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Sampoorna Suraksha Minimum: 18 years Maximum: 50 years 65 years Minimum: Rs.750 Maximum: No limit

    Aviva Extra Cover

    The Aviva Extra Cover comes with the benefit of life coverage in case of an eventuality involving the group members. In addition, the Aviva Extra Cover offers coverage for critical illnesses and comes with the bonus of a maturity benefit.

    Features and benefits of the Aviva Extra Cover:

    • The minimum entry age for the Aviva Extra Cover is 18 years and the maximum entry age for the Aviva i-Shield is 55 years.
    • The maturity age of the Aviva i-Shield is 65 years for the critical illness cover and 70 for the term insurance.
    • The minimum sum assured for the Aviva Extra Cover is Rs.25 lakh for the term insurance and Rs.5 lakh for the critical illness cover.
    • Policyholders can choose the policy between 10-35 years.
    • The Aviva Extra Cover comes with coverage for 12 critical illnesses.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Extra Cover Minimum: 18 years Maximum: 55 years 65 years (For critical illnesses) 70 years (For term insurance) Varies based on the sum assured chosen by the policyholder and the policy term.

    Aviva i-Life Secure

    The Aviva i-Life Secure gives group members the option of a payout of 15 years to their dependants or nominee or a lump sum payout following the death of the policyholder.

    Features and benefits of the Aviva i-Life Secure:

    • The minimum entry age for the Aviva i-Life Secure is 18 years and the maximum entry age for the Aviva i-Life Secure is 50 years.
    • The maturity age of the Aviva i-Life Secure is 70 years.
    • The minimum sum assured for the Aviva i-Life Secure is Rs.50 lakh and the maximum is Rs.10 crore.
    • The nominee is entitled to the sum assured following the death of the group member.
    • The policy can be revived within 2 years from the first unpaid premium.
    • If the group member commits suicide within 12 months from the commencement of the plan, only 80% of the premiums paid will be payable.
    • Group members are eligible for tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva i-Life Secure Minimum: 18 years Maximum: 50 years 70 years Varies based on the age, gender, whether the policyholder is a smoker or not and the policy term chosen by the policyholder.

    Aviva Gratuity Encashment Plans

    Offering enhanced security for employees seeking to raise a corpus for their retirement, Aviva has launched the Aviva Gratuity Encashment Plans. The Aviva Gratuity Encashment Plans are listed below.

    Aviva New Traditional Employee Benefit Plan

    A fund based group plan, the Aviva New Traditional Employee Benefit Plan is employer-employee plan that comes with the guarantee of leave encashment and gratuity on resignation or retirement of the employee.

    Features and benefits of the Aviva New Traditional Employee Benefit Plan:

    • The minimum sum assured for the Aviva New Traditional Employee Benefit Plan is Rs.1,000 lakh and the maximum is Rs. 1 crore per employee.
    • The entry age for the Aviva New Traditional Employee Benefit Plan is 18 years and the maximum is 74 years.
    • The policy can be revived within 5 years from the first unpaid premium.
    • The nominee is entitled to the sum assured following the death of the group member.
    • Group members are eligible for tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva New Traditional Employee Benefit Plan Minimum: 18 years Maximum: 74 years - Varies based on the sum assured chosen by the policyholder.

    Aviva Group Gratuity Advantage

    The Aviva Group Gratuity Advantage comes with the benefit of lump sum payout following the death of the group member to the nominees, as well as the benefit of investing in different funds.

    Features and benefits of the Aviva Group Gratuity Advantage:

    • The entry age for the Aviva Group Gratuity Advantage is 18 years and the maximum is 74 years.
    • The minimum sum assured for the Aviva Group Gratuity Advantage is Rs.1,000 lakh and the maximum is Rs. 1 crore per employee.
    • Employees can choose to invest in 7 different funds.
    • The policy can be revived within 5 years from the first unpaid premium.
    • If the group member commits suicide within 12 months from the commencement of the plan, only 80% of the premiums paid will be payable.
    • Employees are eligible for tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Group Gratuity Advantage Minimum: 18 years Maximum: 74 years - Varies based on the sum assured chosen by the policyholder.

    Aviva Rural Credit Protection Plans

    The Aviva Rural Credit Protection Plans offer protection for loan liabilities for employees hailing from rural and semi-urban areas. The Aviva Rural Credit Protection Plans are listed below:

    Aviva Credit Plus

    The Aviva Credit Plus offers a comprehensive coverage against loan liabilities for the nominee or family members of the group member in case of his/her unfortunate death.

    Features and benefits of the Aviva Credit Plus:

    • The minimum entry age for the Aviva Credit Plus is 18 years and the maximum entry age 55 years.
    • The Aviva Credit Plus policy term is for a tenure of 12 months.
    • In case of untimely death of the group member, the Aviva Credit Plus will offer coverage for loan dues pending.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Credit Plus Minimum: 18 years Maximum: 55 years - Varies based on the sum assured chosen by the policyholder or the loan liability.

    Aviva Credit Suraksha

    The Aviva Credit Suraksha offer complete life coverage for employees from unorganised sectors.

    Features and benefits of the Aviva Credit Suraksha:

    • The minimum entry age for the Aviva Credit Suraksha is 18 years and the maximum entry age is 64 years.
    • The minimum sum assured for the Aviva Credit Suraksha is Rs.1 lakh and the maximum is Rs.20 lakh per member.
    • Employees are eligible for tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Credit Suraksha Minimum: 18 years Maximum: 64 years - Varies based on the sum assured chosen by the policyholder or the loan liability. .

    Aviva Group Life Protect

    The Aviva Group Life Protect offers coverage for loan liabilities and well as life coverage for employees from financial institutions, etc.

    Features and benefits of the Aviva Group Life Protect:

    • The minimum entry age for the Aviva Group Life Protect is 18 years and the maximum is 64 years.
    • The minimum sum assured for the Aviva Group Life Protect is Rs.1,000 lakh.
    • If death of the group member occurs, the Aviva Group Life Protect covers the pending loan dues.
    • Subscribers to the Aviva Group Life Protect are eligible for tax benefits under Section 80D and Section 10 (10D) of the Income Tax Act, 1961.
      Plan Name Entry Age   Maturity Age   Premium
      Aviva Group Life Protect Minimum: 18 years Maximum: 64 years - Varies based on the sum assured chosen by the policyholder or the loan liability

    The Aviva Retirement/Pension plans comes to the aid of employees as well as employees when they need it the most. The Aviva Retirement/Pension offers protection against loan liabilities in case of an eventuality and most importantly, offers a lump sum payout to the nominee of the group member in case of his/her death. In short, the Aviva Retirement/Pension offers financial security when the group member or his/her family needs it the most.

    One of the fastest growing insurers, Aviva Life insurance currently has over 33 million customers hailing from 16 different countries. Having over a hundred branches spread across the country, Aviva Life Insurance has a diverse portfolio of insurance products that holds the satisfaction and requirement of the policyholder as its top priority.

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