Aviva Signature Investment Plan – Platinum

Eligibility Criteria for the Aviva Signature Investment Plan – Platinum

Let’s go through the eligibility conditions for Aviva investment plans to help you navigate through the policy with a better understanding:

Features of the Aviva Signature Investment Plan – Platinum

The Aviva Signature Investment Plan – Platinum is set up to give you both life insurance and investing options. Here are the key features of this plan:

• Market-linked funds: You can invest in 8 fund options across equity, debt, and balanced strategies based on your risk preference.
• Top-up option: You can pay more premiums during the insurance term, but there are limits.
• Systematic Partial Withdrawal (SPW): After completion of 5 policy years, you can choose to make structured withdrawals from the regular premium fund. This is called Systematic Partial Withdrawal and is subject to minimum fund value and payout conditions.
• Systematic Transfer Plan (STP): The Systematic Transfer Plan (STP) allows the policyholder to gradually shift funds from equity-oriented funds to debt-oriented funds during the policy term, helping to manage market volatility, especially as the policy approaches maturity.

The Aviva Signature Investment Plan – Platinum allows switching between funds as per policy provisions.

Benefits of the Aviva Signature Investment Plan – Platinum

Let’s go through the benefits of choosing one of the best investment plans in India:

• Death Benefit: The Death Benefit is the greater of the Death Sum Assured (which may include a Top-Up Sum Assured), the Fund Value, or 105% of the total premiums paid.
• Maturity Benefit: With regard to survival to maturity, the Fund Value as on the maturity date is payable, and the policy ceases.
• Systematic Partial Withdrawal: Policyholders have an option to make regular withdrawals after 5 years of insurance cover; however, the amount of withdrawal made should be met by the fund balance and the withdrawal limit, as indicated in the policy agreement.

Policy Details of the Aviva Signature Investment Plan – Platinum

Let’s explore the following policy details of Aviva Signature Investment Plan-Platinum below:

1. Grace Period

   15 Days For Monthly Mode, 30 Days For Quarterly, Half-Yearly, And Yearly Modes

2. Revival

   The policy may be revived within three consecutive years from the date of the first unpaid premium, subject to conditions.

3. Free Look Period

   30 Days From Receipt Of Policy Document.

4. Surrender

   Lock-In Period: Five Consecutive Completed Policy Years. During this period, surrender proceeds are transferred to the Discontinued Policy Fund and paid after completion of the lock-in period.

Exclusions Under the Aviva Signature Investment Plan – Platinum

Suicidal Cover

According to the policy, the rules for suicide apply. If someone dies by suicide within the time frame set by the policy:

• Nominee receives Fund Value on date of death notification.
• Charges added back (except FMC & guarantee).
• Policy terminates.