Aviva i-Growth plan is a savings and life insurance policy that gives one the dual benefit of providing comprehensive life insurance coverage while allowing your savings to grow. There is a choice to opt for three unit-linked funds to make investments.
Guaranteed Tax Savings
Under sec 80C & 10(10D)₹ 1 Crore
Invest 10k Per Month*Zero LTCG Tax
Unlike 10% in Mutual Funds*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Grow Your Wealth !
Best Plans With High Returns Available On One Platform
The policyholder's wealth generation catapults using the loyalty additions offered by this plan. This plan is ideal for people searching for an insurance saving plan plus a protection plan that can accelerate and add to their savings. It also protects the family in the event of the unfortunate demise of the policyholder.
Parameters |
Details |
Policy Tenure |
10 years, 15 years or 20 years; as per Maturity Age |
Premium Paying Term |
10 years, 15 years or 20 years; same as Policy Term |
Premium Paying Mode |
Monthly, Semiannually and Annually, Quarterly |
Entry Age of Life Assured |
18 years to 50 years |
Maturity Age of the Life Assured |
Maximum: 60 years |
Grace Period |
30 days from the due date(15 days for monthly mode) |
Sum Assured |
Minimum Sum Assured:
Maximum Sum Assured: (as per Board's underwriting policy)
(*PT is Policy Term) |
Liquidity |
Partial Withdrawals available after first 5 years lock-in period; as per conditions specified |
* Tax benefit is subject to changes in tax law
The Aviva i-Growth premium values vary based on the entry age, premium payment term, and the policy term (PT).
Sample Minimum Annualized premium values are as follows:
For Entry Age 18-40 years as well as 41-50 years group, PT-10 is Rs. 66, 000*, while for PT-20 is Rs. 48,000*.
*Standard T&C Apply
The policyholders can use the Aviva i-Growth calculator that is available to calculate the premium to be paid accurately. No top-up premiums are allowed under this plan.
The Aviva-i-Growth plan offers no additional riders that can be applied for.
To buy Aviva i-Growth policy, the customer will have to fill an application form and also provide -
Aviva i-Growth online plan information is readily available. But, if one needs to purchase the plan, one has to:
Aviva i-Growth reviews mention some exclusions:
If the event of the policyholder's death by suicide within a year of the plan commencement tor the planned revival, the appointed nominee will be entitled to an amount equal to the then prevailing Fund Value, as on the death intimation date. Any extra charges recovered, except for FMC and guaranteed charges, will be added back to the fund.
Also, in case of accidental death of the policyholder, the Accidental Death Benefit will not be paid, if the death is caused due to:
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