Aviva Endowment Plans

1. Death benefit will be paid as a lump sum to the nominee, and so will any rider benefits.
2. Survival benefit is paid as tuition fee support, college admission fund, and higher education reserve.
3. Maturity benefit is paid when your child reaches 21 years of age.
4. Flexibility to choose between Silver, Gold, Diamond, and Platinum plan options, which have different premiums and benefits.

2. Aviva Dhan Samruddhi:

The plan offers guaranteed cash pay-outs every 5 years. In addition to this, you can save on tax under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. While there are no riders available for this plan, the coverage offered is comprehensive.

Features and Benefits:

1. Death benefit is payable to your dependents in the unfortunate event of your death, which is the higher of:
   1. 10 times your annualized premium, or
   2. 105% of the total premiums paid up till date, or
   3. Sum Assured in the policy.
2. Survival benefit is payable every 5 years, which is equal to 125% of your annualized premium.
3. Maturity benefit is payable on maturity, which is equal to the Sum Assured and any accrued Guaranteed Additions.
4. Guaranteed additions accrue, which are between 7% and 9% per annum on the annualized premium.

3. Aviva Wealth Builder:

Features and Benefits:

1. Death benefit is payable to the nominee, which is equal to twice the amount of premiums paid.
2. Maturity benefit is payable when the plan attains maturity, and this too is equal to twice the amount of premiums paid.
3. Flexibility of choosing your policy term and premium payment terms.
4. Protection of your dependants in the event of your death, and a huge pay-out in case you survive.

4. Aviva New Family Income Builder:

Features and Benefits:

1. Death benefit is payable to your family in the event of your death, and the amount to be paid is:
   1. 10 times your annualized premium, or
   2. 105% of the total premiums paid up till date, or
   3. Sum Assured in the policy.
      1. This amount will be paid to your family in 12 instalments, the first when the claim is settled, and the remaining on each of your death anniversaries.
2. Maturity benefit is payable on maturity, which is equal to:
   1. 12 annual instalments of 1.5 times the annual premium at the end of each pay-out period.
   2. 6 times the annual premium will be paid at the end of the pay-out period.
   3. If you die during the pay-out period, then the nominee will receive the outstanding pay-outs.
3. You can save using this plan and also create a safety net for your family.
4. Save on tax under Section 80C and Section 10 (10D) of the Income Tax Act, 1961.

5. Aviva Dhan Nirman:

Features and Benefits:

1. Death benefit is payable in the unfortunate event of your death, and is equal to the higher of:
   1. Ten times the annualized premium or
   2. 105% of premiums paid or
   3. Sum assured on maturity or
   4. Sum assured for that policy.
2. Maturity benefit payable on maturity is dependent on the premiums paid.
3. Survival benefit is also payable if you survive till the end of the premium paying term, and the benefit amount is 150% of all the premiums paid up to date.
4. Flexibility to choose one of four premium paying terms and policy term options.

6. Aviva Sampoorna Suraksha:

Features and Benefits:

1. Death benefit payable in the unfortunate event of you demise is 10 times your annual premium.
2. Maturity benefit payable on plan maturity is dependent on the policy term, premium payment term, and entry age of the policyholder.
3. Affordable premiums.
4. Flexibility to choose premium paying duration.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017