Aviva i-Growth

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.

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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.

Aviva i-Growth Plan 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:

  • *PT-10: Rs. 6.6 Lakh
  • PT-15: Rs. 6.0 Lakh
  • PT-20: Rs. 4.8 Lakh

Maximum Sum Assured: (as per Board's underwriting policy)

  • For 18-40 years Entry Age: Rs. 50 Lakh
  • For 41-50 years Entry Age: Rs. 30 Lakh

(*PT is Policy Term)


Partial Withdrawals available after first 5 years lock-in period; as per conditions specified

Benefits of the Aviva i-Growth

  • Maturity Benefit: If the insured individual goes on to survive beyond the policy period until the maturity period, they get a maturity benefit, which is the value of the fund as on the date of maturity plus the loyalty additions. 
  • Death Benefit: In the event of the unfortunate demise of the insurance policyholder, the first nominee receives a death benefit, which is higher of the Base Sum Assured, or, 105% of the total paid premiums till date, or the Fund Value as of the date of death.
    In the event that the policyholder passes away during the first 5-year lock-in period, the nominee receives the Fund Value plus loyalty additions.
  • Loyalty Additions: The insurance holder also receives loyalty additions on the last three anniversaries of the policy's term; if all the premiums until that date have been paid.
  • Tax Benefits: The insurance holders under the Aviva i-Growth Plan are also eligible to receive tax benefits under Section 80 C and even Section 10(10D) of the Income Tax Act, 1961.

* Tax benefit is subject to changes in tax law

The Premium for Aviva i-Growth 

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.

Additional Riders for the Aviva i-Growth

The Aviva-i-Growth plan offers no additional riders that can be applied for.

Eligibility of the Aviva i-Growth 

  • Entry Age: Minimum 18 years, up to 50 years 
  • Maturity Age: up to 60 years

What are the Documents Required to Purchase this Policy?

To buy Aviva i-Growth policy, the customer will have to fill an application form and also provide - 

  • Identity proof, such as passport, Driver's license, voter's ID, or AADHAR card
  • Address proof in the form of a Driver's license, voter's ID passport, or AADHAR card
  • Income proof such as the latest ITR forms, Form 16, or copies of the last three years' salary slips

How Does one Buy this Plan Online?

Aviva i-Growth online plan information is readily available. But, if one needs to purchase the plan, one has to:

  • Visit the official website of Policybazaar, or call on the toll-free number.
  • Provide KYC details and personal information
  • Select the Sum of the premium as well as the policy term
  • Fill in the application form with the assistance of a life advisor
  • Make the payment via debit card/credit card/internet banking

Exclusions of Aviva i-Growth 

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:

  • Alcohol or unprescribed drugs consumption
  • Participation in acts of violence, hostility, racing, war, rebellion, riots, etc.
  • Radioactive contamination
  • Participation in hazardous sports – mountain climbing, paragliding and so on


*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+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.

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