A sound financial plan of an individual comprises of both long and short-term perspectives, attained over and above the security of life risk cover through a variety of insurance products. Aviva Dhan Samruddhi helps to build a future corpus in the long term as well as meet short-term life goals. Aviva Dhan Samruddhi Policy is an individual Non-Linked and Non-Participating Savings Insurance Plan which not only helps money grow with guaranteed maturity benefit returns in the long term but also returns money as survival benefit every five years of the policy tenure, except maturity for short term requirements.Read more
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Additionally, it offers a concessional premium for a sum assured exceeding Rs.5 Lakh.
|Policy Tenure||10, 15 and 20 years maximum, subject to satisfying the requirement of maturity age|
|Premium Paying Term||10 years across all policy terms|
|Premium Paying Mode||Regular in Annual, Semi-Annual, Quarterly or Monthly Premium (Only ECS and Direct Debit)|
|Entry Age||13 -55 years at last birthday|
|Maturity Age||23-70 years|
|Grace Period||15 days for Monthly and 30 days for all others modes from the premium due date|
Here are the benefits offered by Aviva Dhan Samruddhi Policy by Aviva Life Insurance:
*Tax benefit is subject to changes in tax laws
It is already stated that the policyholder has the flexibility to pay the premium in instalments of Annual, Semi-Annual, Quarterly, and Monthly frequencies. Before a policyholder commits, it is prudent to check the Aviva Dhan Samruddhi calculator at the insurer portal to get an idea about the premium for the chosen policy. However, the sample premium amounts are listed below for view at a glance for monthly frequency only.
*Standard T&C Apply
There is no provision for Add-on Riders in Aviva Dhan Samruddhi Policy.
Entry Age: 13 -55 years
Maturity Age: 23-70 years
It is to be noted that even if the policyholder is minor at the inception of the policy, the risk shall commence immediately.
Like any life insurance policy, to buy Aviva Dhan Samruddhi it is imperative to furnish copies of Official Valid Documents (OVD) for the following:
The online Aviva Dhan Samruddhi is not an option presently, but the policyholder can seek the service of an Advisor through an online request at the insurer portal. To buy Aviva Dhan Samruddhi offline, the policyholder can accomplish the job through a few steps.
Exclusions are an important factor that affects the settlement of claims. According to Aviva Dhan Samruddhi Reviews, exclusions are applicable for claim related to death due to suicide in the first year of policy inception or renewal, and only 80% of the paid premium is payable, but not the total Death Benefit. All other exclusions can be checked in the policy document.
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