Aviva Life ULIP Plans

Aviva Life offers a range of Unit Linked Insurance Plans (ULIPs) designed to cater to your diverse financial needs and goals. These innovative plans combine the security of life insurance with the potential for wealth creation through market-linked investments.

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Best ULIP Plans
  • Guaranteed Tax Savings

    Guaranteed Tax Savings^

    Under sec 80C & 10(10D)
  • savings

    ₹1 Crore

    Invest ₹10k Per Month*
  • Zero LTCG Tax

    Zero LTCG Tax^

    Unlike 10% in Mutual Funds

Top performing plans with High Returns*

Invest ₹10K/month & Get ₹1 Crore returns*

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6.7 Crore
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Fund Details
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NAV
5 Year
7 Year
10 Year
Enhancer Fund-II
Fund Size: 803 Cr
803 Cr
49.35 0.35%
15.01% Highest Returns
13.76%
14.61%
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Fund Size
NAV
5 Year
7 Year
10 Year
Fund Details
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NAV
5 Year
7 Year
10 Year
Balanced Fund-II
Fund Size: 150 Cr
150 Cr
32.34 0.08%
9.84%
8.85%
9.97% Highest Returns
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Bond Fund-II
Fund Size: 72 Cr
72 Cr
25.04 -0.01%
4.81%
4.43%
6.32% Highest Returns
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grow your wealth

Grow Your Wealth!

Best ULIP Funds - Consider the best performing ULIP funds to invest in 2024 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

Data source : value research

Returns as on 14-04-2024. The returns are the returns of best-performing fund in the plan

What are ULIPs?

ULIPs, or Unit Linked Insurance Plans, are financial products that combine insurance and investment components. Insurance companies offer these plans and provide individuals with both life insurance coverage and the opportunity to invest in a variety of investment funds, such as stocks, bonds, or mutual funds.

Different Types of Aviva ULIP Plans

Aviva Life Insurance Company offers various types of unit-linked insurance plans to its customers to meet their requirements of savings and market-linked growth while at the same time providing insurance coverage. Let us take a detailed look at the various types of ULIP plans offered by the company and the features and benefits of each of them.

  1. Aviva i-Growth

    Aviva i-Growth is an individual unit-linked life insurance plan designed to provide both financial protection and wealth creation opportunities. It combines life insurance cover with investment in market-linked funds, allowing you to grow your savings while securing your loved ones' future.

    Features:

    • Hassle-free purchase: No medical tests required, online purchase available.

    • Fund options: Choose from Bond Fund-II (low risk), Balanced Fund-II (moderate risk), or Enhancer Fund-II (high risk) to match your risk appetite.

    • Flexibility: Switch funds, redirect future premiums based on market performance.

    • Death benefits: Nominee receives sum assured or fund value (whichever is higher).

    • Maturity benefits: Fund value and loyalty additions paid on policy maturity.

    • Loyalty benefits: Regular premium payments earn loyalty additions as a percentage of fund value in the last three years.

    • Tax benefits: Potential tax deductions under the Income Tax Act 1961. Consult a financial advisor.

    • Partial withdrawals: Make 4 partial withdrawals from accumulated funds after the first 5 policy years.

    Plan at Glance

    Minimum Entry Age  18 years 
    Maximum Entry Age  50 years 
    Maximum Maturity Age  60 years 
    Policy Term 10, 15 or 20 Years (subject to maximum maturity age)
    Premium Payment Term (PPT) Same as Policy Term
    Premium Frequency  Yearly, Half Yearly, Quarterly and Monthly
    Lock-in-Period A period of 5 years from the date of commencement of the Policy.
    No withdrawals, part or full, are allowed during this period.

    Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan
  2. Aviva Signature Investment Plan

    The Aviva Signature Investment Plan is an individual Unit Linked, Non-Participating Life Insurance plan. It combines wealth creation through market-linked investments with life cover, providing financial security for both you and your loved ones.

    Key features of this plan:

    • Choice of Premium Terms: Align your investment timeline with your goals by choosing regular, limited-pay, or single premium options.

    • Fund Switching and Redirection: Change your investment exposure based on your risk appetite by switching between various unit-linked funds within the plan.

    • Partial Withdrawals: Access a portion of your invested funds after 5 years to meet unforeseen needs.

    • Clear View of Investments: Monitor your portfolio performance and track the value of your units easily.

    • Comprehensive Maturity Benefit: Receive a lump sum on policy maturity to fulfill long-term goals.

    • Death Benefit: Ensure your loved ones are financially protected in case of your unfortunate demise.

    • Potential Tax Savings: Enjoy tax benefits on premiums paid, maturity proceeds, and death benefits as per prevailing tax laws (subject to change).

    • Long-term Market-Linked Returns: Leverage the potential for higher returns through investment in various fund options.

    Please note: The tax exemption under section 10(10D) is not available on premiums exceeding Rs. 2.5 lakh per annum for ULIP policies issued on or after February 1, 2020. Always consult your tax advisor for complete details as tax rules are subject to change.

    People also read: What is ULIP

  3. Aviva Signature Investment Plan - Limited Pay

    The Aviva Signature Investment Plan-Limited Pay is an individual Unit Linked, Non-Participating Life Insurance plan designed to help you build wealth over the long term while providing life insurance coverage for your loved ones.

    Key features of this plan:

    • Limited Pay: Pay premiums for only 5 years, but your investment continues to grow throughout the chosen policy term.

    • Investment Flexibility: Choose from a variety of investment-linked funds based on your risk appetite and adjust your allocation between funds as needed.

    • Transparency: Track your investments and performance through online tools and account statements.

    • Liquidity: Access your funds partially after 5 years to meet various financial needs.

    • Comprehensive Benefits: Receive maturity benefits to build your corpus and death benefits to secure your loved ones' future.

    • Market-Linked Returns: Earn potential market-linked returns on your invested amount.

    • Tax Savings: Enjoy significant tax benefits on premiums, maturity, and death benefits under prevailing tax laws.

    • Robust Insurance Cover: Provides life insurance protection for your dependents in case of an unfortunate event.

    **Section 10(10D) tax exemption is not available on premiums exceeding Rs. 2.5 lakh per annum for ULIP policies issued after February 1, 2020.

    Invest in high growth ULIP Plans Invest in high growth ULIP Plans
  4. Aviva Fortune Plus

    Aviva Fortune Plus is a Unit Linked Non-Participating Individual Life Insurance Plan. It combines life insurance coverage with the potential for wealth creation through investment in market-linked funds.

    Key features of the plan:

    • Dual Benefits: Provides minimum life insurance cover while offering the opportunity to grow your savings through market-linked investments.

    • Optional Covers: Enhanced protection with optional add-ons like accidental death benefit and waiver of premium rider upon paying additional charges.

    • Life Cover Extension: Extend your life cover beyond the policy term under specific conditions (refer to product brochure for details).

    • Investment Flexibility: Choose from 7 different unit-linked funds to align your investment strategy with your risk appetite and financial goals.

    • Top-up Option: Enhance your investment and life cover by paying additional premiums anytime during the policy term.

    • Partial Withdrawal & Systematic Withdrawal: Access a portion of your accumulated funds when needed through partial or systematic withdrawals (subject to terms and conditions).

    • Return of Charges: Get back 100% of deducted charges (excluding fund management charges and risk charges for add-on benefits) upon policy maturity.

    Plan at Glance

    Entry Age  2-60 years 
    Maximum Maturity Age  18-75 years (last birthday) 
    Policy Term &  & Premium Payment Term
    Policy Term Premium Paying Term
    15 to 20 years Equal to policy term  10 7 5
    10 to 20 years  Single Premium 

People also read: ULIP Calculator

Conclusion

The Aviva Life ULIP Plan stands as a comprehensive financial solution, seamlessly integrating the benefits of life insurance with investment opportunities. With its unique features like flexibility in fund allocation, transparency in charges, and the potential for wealth creation, the ULIP Plan caters to the dynamic financial needs of individuals.

Aviva Life Term Insurance Plans- FAQs

  • What are the benefits of Aviva Life ULIP plans?

    Dual benefits of insurance and investment, flexibility in fund choices, tax benefits, and additional riders.
  • Who should consider Aviva Life ULIP plans?

    Investors seeking long-term wealth creation with life cover, comfortable with some market risk.
  • Can I switch between funds?

    Yes, most plans allow flexible switching between funds based on changing needs.
  • How to pay premium? What are the modes of payment available?

    For receiving continuity of your benefits, it is critical to pay premiums on time. You can pay your AVIVA Life Insurance premium through these 7 methods:
    • Airtel money
    • Auto Debit card or Credit card
    • HDFC/SBI/AXIS Bank debit card
    • ECS SYSTEM
    • NEFT
    • Cash/Cheque Payments
    • Change Payment Mode

    Step 1: Enter your policy details – policy number and policyholders date of birth

    Step 2: Select your online bank account or debit/ credit card to make the payment

    Step 3: Authenticate and confirm your payment details and receive online confirmation

  • How can I check policy status for Aviva Life ULIP plans?

    As a registered user, you must log into the e-portal with your Client ID and password to check the policy status.
  • What is the policy renewal process for Aviva Life ULIP plans?

    Online Policy Renewal facility is available to all Aviva customers. The process is as follows;

    Step 1: Login into e-portal with your Client ID and password.

    Step 2: Select the policy due for renewal payment. Click Pay Renewal Premium Now

    Step 3: Choose payment option- NEFT, Credit Card/Debit Card

    Step 4: Authenticate and confirm your payment details and print out the payment receipt

  • What is the policy cancellation process for Aviva Life ULIP plans?

    The Aviva Life Insurance policyholders must attach all the relevant policy documents along with a duly filled surrender form at any of the branch locations in their city. The value of their units will be calculates at the current market rates, if documents are submitted before 3:00 PM, else the next day’s market rates will be used to calculate unit price.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^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.
^^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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