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 SavingsUnder sec 80C & 10(10D)
₹1 CroreInvest ₹10k Per Month*
Zero LTCG TaxUnlike 10% in Mutual Funds
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
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.
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
30 days from the due date(15 days for monthly mode)
Minimum Sum Assured:
Maximum Sum Assured: (as per Board's underwriting policy)
(*PT is Policy Term)
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:
*All savings are provided by the insurer as per the IRDAI approved insurance
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^Tax benefit are for Investments made up to Rs.2.5 L/ yr.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
31 Jan 2024ICICI Prudential Life is launching an open-ended New Fund
17 Jan 2024ULIP or Unit Linked Insurance Plans provide rider benefits. They
08 Jan 2024Estimating the ULIP returns over 40 years offers a unique
04 Jan 2024A 35-year ULIP (Unit Linked Insurance Plan) emerges as an
03 Jan 2024A 30-year ULIP (Unit Linked Insurance Plan) is a type of