• Aviva Sampoorna Suraksha Rural Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    The Aviva Sampoorna Suraksha Rural Plan is a non-participating, non-linked, life insurance policy. This plan not only provides policyholders a risk cover, but also gives them substantial returns on their investments. The Sampoorna Suraksha policy is a low-cost policy with annual premiums starting from Rs.750. Under this plan, policy buyers can choose an 8-year, 9-year, 10-year, or 15-year policy tenure, for a coverage term that best suits their needs.

    Eligibility - Who is the Aviva Life Insurance Sampoorna Suraksha Rural Plan for?

    In order to purchase this plan, you need to meet the eligibility criteria that is set by the insurer.

    Parameters Criteria for eligibility
    Minimum age at entry 18 years
    Maximum age at entry 50 years
    Maximum age at maturity 65 years

    Note: Ages mentioned above are as on the policy buyer’s last birthday.

    Sum Assured and Premium Range - What you get and what it costs?

    Sum Assured

    You will have to choose your Sum Assured at the time of purchasing your policy, and this amount will in turn decide your premiums for the policy tenure. For the Aviva Sampoorna Suraksha Rural Plan, the minimum and maximum Sum Assured will vary, based on your policy term.

    Minimum Sum Assured
    • 8-Year Policy Tenure: Rs.12,500
    • 9-Year Policy Tenure: Rs.7,500
    • 10-Year Policy Tenure: Rs.7,500
    • 15-Year Policy Tenure: Rs.11,250
    Maximum Sum Assured Rs.3 lakh

    Premiums*

    You will have to pay a premium to the insurer to keep your policy benefits active. The minimum and maximum premium that you can pay will be based on your policy term.

    Policy Term 8 years, 9 years, 10 years, or 15 years
    Premium Payment Term
    • 8-Year Policy Tenure: Single Pay
    • 9-Year Policy Tenure: 5 years
    • 10-Year Policy Tenure: 7 years
    • 15-Year Policy Tenure: 10 years
    Premium Payment Mode Annual or Bi-Annual The premium for the bi-annual mode will be 51.08% of the premium amount for the annual payment mode.
    Minimum Premium Amount
    • 8-Year policy term: Rs.2,500
    • For all other policy terms: Rs.750
    Maximum Premium Amount
    • 8-Year Policy Tenure: Rs.60,000
    • 9-Year Policy Tenure: Rs.30,000
    • 10-Year Policy Tenure: Rs.30,000
    • 15-Year Policy Tenure: Rs.20,000

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

    Plan Coverage - What does the Aviva Sampoorna Suraksha Rural Plan cover?

    Listed below are the benefits that the policyholder or his/her nominee are eligible to receive from Aviva Life:

    Maturity Benefit Policyholders will receive a maturity benefit or a maturity sum assured from the insurer if they survive till the completion of the policy tenure. The maturity sum assured will vary as per your entry age and policy term.
    Death Benefit If the policyholder passes away during the policy term, the insurer will pay a Death Sum Assured to the nominee.
    • Death Sum Assured for 8-year policy term: Single premium amount times 5.
    • Death Sum Assured for 9-year and 10-year policy terms: Annual premium amount times 10.
    • Death Sum Assured for 15-year policy term: Annual premium amount times 15.

    Riders/Add-On Plans – Additional coverage under the Aviva Sampoorna Suraksha Rural Plan

    Additional riders cannot be purchased by policyholders under the Aviva Sampoorna Suraksha Rural Plan.

    Exclusions - What the Aviva Sampoorna Suraksha Rural Plan doesn’t cover

    The Aviva Sampoorna Suraksha Rural Plan has a suicide exclusion. If the life assured, whether sane or insane, happens to commit suicide within 12 months from the date of the policy purchase, no death benefit will be paid by Aviva. The insurer will return 80% of the premiums paid to the nominee. However, if the policyholder commits suicide within 12 months after he/she revives the policy, the nominee will be paid either the Surrender Value or 80% of the premiums, whichever is the highest.

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

    Grace period If you have missed paying your premium, you will be provided a grace period of 30 days by Aviva Life, to pay the due premium.
    Free-look period If the policy terms and conditions do not appeal to you, you can return the policy to the insurer, within the free-look period. The free-look period for the Aviva Sampoorna Suraksha Rural Plan is 15 days.
    Policy Lapse If you haven’t completed two policy years and have missed paying a subsequent premium, your policy will lapse.
    Paid-Up Policy If you have completed two policy years and have paid all your past premiums regularly, but have missed the subsequent premium payment, your policy will become a Paid-Up Policy. The benefits for Paid-Up Policies are not the same as your regular policy benefits.
    Policy Revival To revive your policy, you need to pay your due premiums with an interest of 9% p.a.
    Surrender Value Policyholders who are enrolled under a Single Premium Plan can surrender their Sampoorna Suraksha Rural Plan anytime, but those who have opted for Limited Premium Payment Plans need to have paid premiums for at least 2 years, before they can surrender their policy. The Surrender Benefit you will be paid will be the highest of the Special Surrender Value or the Guaranteed Surrender Value.
    Loan You can’t take a loan against this policy.
    Nomination Nomination facility is provided under this policy.
    Assignment Assignment is also permitted under this policy.

    Other Benefits – How you can save with the Aviva Sampoorna Suraksha Rural Plan?

    • Track NAV: It is vital for policy buyers to know how various funds are performing in order to invest wisely. On Aviva’s official website, you have the option to track the performance of various funds, by date.
    • Aviva Life Insurance Mobile App: You can view different policies, access policy information, and so much more on Aviva’s mobile app, from anywhere, anytime.
    • Customer Service: To cater to their ever-growing consumer base, the company has come up with a host of customer care channels. Policyholders can reach them on their toll-free number, the dedicated customer care email ID, or walk into any of their 108 branches across the country.
    • Online Intimation of Claims: Policyholders and nominees are given the added benefit of intimating Aviva Life of upcoming claims through the insurer’s website.
    • Choice of Plans: Whether it’s a policy to help you pay for your child’s education or a policy to protect your family financially, Aviva Life offers prospective policy buyers a varying range of insurance plans.

    Why you should buy the Sampoorna Suraksha Plan from Aviva Life Insurance Company

    The Aviva Sampoorna Suraksha Plan is a low-cost plan that offers policy buyers a lot of flexibility in terms of the policy tenure. The benefits paid by the insurer will ensure that your family’s immediate and long-term financial goals can be met, even if something untoward happens to you in the future. Further, Aviva Life Insurance Company is one of the most preferred insurers in the country. The joint venture company has a large number of branches, over 13,500 financial advisors and a high claim settlement ratio of 90.60%, for the financial year 2016-2017.

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