Life insurance plays an essential role in an individual's life; it is a long-term life insurance cover availed at an affordable premium. Aviva Affluence is a non-participating, unit-linked insurance plan provided by Aviva Life Insurance Company India Ltd. This policy offers financial security for the long-term. It optimizes policyholder's wealth by giving a choice of multiple fund options. It helps to plan for and meet milestones such as children's education, marriage, retirement, etc.
Insurer pays your premiums in your absence
Invest ₹10k/month and your child gets ₹1 Cr tax free*
Save upto ₹46,800 in tax under Section 80(C)
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Invest ₹10k/month your child will get ₹1 Cr Tax Free*
In this plan, the policyholder pays a fixed premium depending upon the sum insured, and the nominee is entitled to the sum assured in case of the policyholder's untimely death within the policy term.
Parameters |
Details |
Policy Tenure |
15 - 30 years, subject to a minimum & maximum maturity age |
Premium Paying Term (PPT) |
7 / 10 / 15 or Equal to Policy Term |
Premium Paying Mode |
Yearly only |
Entry Age |
2 -50 years |
Maturity Age |
Minimum Maturity Age: 18 years Maximum Maturity Age depends on the Premium Payment Term (PPT)
|
Grace Period |
30 days |
Sum Assured |
Sum Assured is a multiple of Annual Premium; it depends upon age and policy term. Max Sum Assured: No Limit; subject to underwriting guidelines |
Liquidity |
The plan does not offer any liquidity for the first five years of the contract. |
Aviva Affluence Policy by Aviva Life Insurance comes packed with a wide range of benefits. They are as follows:
Fund Value related to such premiums, or, Top-Up Sum Assured value or 105% of the total Top-Up premiums paid until death. In the case of Accidental Death between the ages of 18- 70 within the policy tenure, additional pay due to accidental death is also payable to the nominee.
* Tax benefit is subject to changes in tax laws.
The Aviva Affluence premium can be paid as a regular premium or Top-up premium payment option.
Regular Premium:
Top-up Premium:
Sum of Top-up Premiums should not be higher than the sum of Regular Premiums paid.
*Standard T&C Apply
People can use the available online to get an idea about the premium sum to be paid.
The Aviva Affluence Life Insurance Policy provides In-built Accidental Death Rider.
Entry Age:
Minimum: 2 years
Maximum: 50 years
Maturity Age:
Minimum Maturity Age: 18 years
Maximum Maturity Age depends on the Premium Payment Term (PPT)
To buy Aviva Affluence policy, people must provide:
Interested people cannot buy Aviva Affluence online as it offers offline purchases. Follow the below-mentioned steps:
Step 1: Choose a plan
Step 2: Calculate premium
Step 3: Get in touch with the insurance advisor at their toll-free number or customerservices@avivaindia.com.
Step 4: Visit Aviva Life Insurance Company, India Ltd. branch, and submit required documents
Step 5: Pay the premium
According to Aviva Affluence reviews, below mentioned are the exclusions of the policy.