Aviva Affluence

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.

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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.

Aviva Affluence Plan 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)

  • For PPT 7 / 10 / 15 years: 65 years
  • For PPT 16 -30 years: 70 years


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


The plan does not offer any liquidity for the first five years of the contract.

Benefits of the Aviva Affluence Policy

Aviva Affluence Policy by Aviva Life Insurance comes packed with a wide range of benefits. They are as follows:

  • Death Benefit: In case of the policyholder's unfortunate death, the nominee is entitled to the highest of: Sum assured depending upon the premiums, whether regular or limited, or, the Fund Value, or, 105% of all the premiums paid till death.
  • If Top-Up premiums are paid in the policy, there will be an additional payout, which is the highest of:

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.

  • Maturity Benefit: Under Aviva Affluence Policy, the policyholder can get Fund Value related to regular and Top Up premiums, and the maturity booster add-ons until survival until the policy reaches maturity.
  • Increasing Milestone Boosters (IMB): Aviva Affluence Policy provides IMB when the insurance policy is continued by paying due premiums until the date of allocation of IMB according to the policy terms. IMB additions are a percentage of Fund Value and are added to the Fund Value subject to the conditions mentioned in the policy document.
  • Tax Benefit: The Aviva Affluence Policy is eligible for tax benefits, as mentioned under Section 10(10D) and Sec 80 C of the Income Tax Act, 1961.

* Tax benefit is subject to changes in tax laws.

The Premium for Aviva Affluence 

The Aviva Affluence premium can be paid as a regular premium or Top-up premium payment option.

Regular Premium:

  • Minimum
    • Policy term- 15 to 17 years
      • Premium Paying Term- 10 or Equal to Policy Term-Annualized Premium- Rs. 2,00,000
    • For Policy term- 18 years & above
      • Premium Paying Term-7: Annualized Premium- Rs. 1,50,000
      • Premium Paying Term- 10/15/Equal to Policy Term: Annualized Premium- Rs. 1,00,000
    • Maximum: No limit, subject to policy terms, and underwriting guidelines

Top-up Premium:

  • Minimum: *Rs.5,000
  • Maximum: No limit, subject to policy terms

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.

Additional Riders for Aviva Affluence

The Aviva Affluence Life Insurance Policy provides In-built Accidental Death Rider.

Eligibility for Aviva Affluence

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)

What are the Documents Required to Buy Aviva Affluence?

To buy Aviva Affluence policy, people must provide:

  • Identity proof, such as AADHAR card, voter's card, or passport
  • Address proof, such as AADHAR card, driving license, ration card, voter's card, or passport
  • Income proof, such as ITRs or salary slips

How to buy Aviva Affluence online?

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

Exclusions of Aviva Affluence

According to Aviva Affluence reviews, below mentioned are the exclusions of the policy.

  • If the policyholder dies due to suicide within a year of the beginning or renewal of the Aviva Affluence policy, the available Fund Value, as on the date of death intimation, will be paid to the nominee.
  • Similarly, for Accidental Death Benefit payout, if the insured’s accidental death is caused due to due to alcohol or drug abuse, war and civil commotion, aviation, infection, radiation, self-inflicted injury, criminal act, or hazardous hobby and sports, or medical treatment received 48 months before the commencement of the policy, no such benefit will be given to the insured.


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