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 premium in case of loss of life of parent
Create wealth for child’s aspirations
Tax Free maturity amount+
12+ plans available
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
Tax benefit is subject to changes in tax laws
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.