• Aviva Rural 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 Rural Plans

    The majority population of India consists of the rural population. Since most villages across the country have no access to optimum health services, they are prone to contracting severe health conditions that ultimately leads to death. If the deceased happens to be the breadwinner of the family, the family members are left stranded without having a source of income to manage day-to-day expenses. Hence, Aviva Life Insurance Company has launched a few life insurance plans especially for the rural population at cheap prices. The premiums payable are as low as a few hundred rupees and the life cover is offered for specific periods of time that the policyholder can choose during the time of purchase of the policy.

    Benefits of Aviva Rural Plans

    • Nominal premiums: The aim of the Aviva Rural Plans is to ensure that even the low-income groups have a life cover. Hence the premium amounts payable are nominal.
    • Free-look period: Policyholders are given a certain period at the inception of the policy to review the terms and conditions. He/she has the option to return the policy if unhappy with the terms.
    • Grace period: The insurer provides a time-bracket for policyholders to pay the premiums beyond the premium due date.
    • Tax benefits: Policyholders can enjoy tax benefits under section 80C and section 10(10D) of the Income Tax Act, 1961.

    List of Rural Plans offered by Aviva Life Insurance

    1. Aviva CSC Bima Laabh Yojana

    This plan offers financial protection to an individual’s family when he/she is not around to support them financially. Policyholders have the freedom to choose between the 5-year policy term and the 10-year policy term. The policies can be bought from a neighbouring Common Service Centre (CSC). The minimum sum assured that can be availed under the policy is Rs.22,500 and the maximum sum assured is Rs.2 lakh.

     

    Benefits and features of Aviva CSC Bima Laabh Yojana

    • Death Benefit: If the life assured expires within the policy term, a death benefit is payable to the nominee.  The death benefit is calculated based on the policy term chosen and the entry age of the individual. The policy will terminate once the death benefit is paid.
    • Maturity Benefit: Since this is a term insurance plan, no maturity benefit is available.
    • Surrender Benefit: Policies under this plan do not acquire a surrender value.
    Plan name Entry age Maturity age Premium
    Aviva CSC Bima Laabh Yojana Minimum: 18 years Maximum: 50 years Maximum: 60 years Minimum annual premium: Rs.300 Maximum annual premium: Rs.2,650
    1. Aviva Jana Suraksha

    The Aviva Jana Suraksha plan is an affordable life insurance plan that helps individuals secure the future of their families in case they are not around to financially support them. This plan provides a death benefit as well as an accidental death benefit. It comes with a 5-year and a 10-year premium payment term. Individuals can opt for the annual premium payment mode or the single premium payment mode. While the minimum sum assured for the plan is Rs.20,000 the maximum is Rs.50,000.

    Benefits and features of Aviva Jana Suraksha

    • Death Benefit: In case of death of the life assured, the sum assured is paid to the nominee as the death benefit.
    • Accidental Death Benefit: If the cause of death is an accident, two times the sum assured amount is paid to the nominee.
    • Maturity Benefit: Since this is a term insurance plan, no maturity benefit is available.
    • Surrender Benefit: No surrender benefit is available for this plan.
    Plan name Entry age Maturity age Premium
    Aviva Jana Suraksha Minimum: 18 years Maximum: 45 years 5-year premium payment term: Maximum: 50 years 10-year premium payment term: Maximum: 55 years The premium payable depends on the age at entry, policy term and premium frequency.
    1. Aviva Nayi Grameen Suraksha

    The Nayi Grameen Suraksha is single-premium plan which is offered at nominal premium prices for two policy terms – 5 years and 10 years. The plan offers a certain sum of money to the family on the death of the life assured to aid them to manage their immediate expenses. The sum assured options range from Rs.10,000 to Rs.50,000.

    Benefits and features of Aviva Nayi Grameen Suraksha

    • Death Benefit: The nominee is provided with the sum assured if the life assured expires during the policy term. The policy terminated once the death benefit is given.
    • Maturity Benefit: No maturity benefit is payable as this is a term plan.
    • Surrender Benefit: No benefit will be provided if the policy is surrendered.
    Plan name Entry age Maturity age Premium
    Aviva Nayi Grameen Suraaksha Minimum: 18 years Maximum: 50 years Maximum: 60 years The premium payable depends on the age at entry, policy term and premium frequency.
    1. Aviva Sampoorna Suraksha

    This plan offers protection as well as a medium to save that individuals can utilise to create a better future for their families. The sum assured amount depends on factors such as the sum assured, policy term, and the premium paying term.

    Benefits and features of Aviva Sampoorna Suraksha

    • Death Benefit: The death sum assured is paid on the death of the policyholder, provided all premiums are paid. Once the death benefit is paid, the policy will terminate.
    • Maturity Benefit: The maturity sum assured is paid if the policyholder survives the policy term.
    • Surrender Benefit: The surrender value of the policy is the higher amount – guaranteed surrender value or special surrender value. The policy can be surrendered only if premiums for 2 full years have been paid.
    Plan name Entry age Maturity age Premium
    Aviva Sampoorna Suraksha Minimum: 18 years Maximum: 50 years Maximum: 65 years The premium payable depends on the age at entry, policy term and premium frequency.

    Why you need Aviva Rural Plans

    Aviva Life Insurance Company is a well-known private life insurance firm in India. The company has a network of 107 branches in the country. The company has soared great heights and has millions of customers across the globe. They provide exceptional services to their clients and have a grievance solved ratio of 100% in the year 2016-17. With the intention to help the rural population, the company

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