AVIVA Life Insurance Plan

Being a British multinational company established in 2000, Aviva has its headquarters in London. AVIVA caters to about 34 million global customers, its operation being widespread over 16 countries including Italy, Canada, Spain, Ireland and Hong Kong. On categories like health, life, travel etc, AVIVA offers a number of general insurance schemes which contain financial solutions for investments, savings and retirement.

Life Insurance Plans of AVIVA For Individuals:

Multiple schemes of life insurance policies which include child plans, retirement plans, rural plans, protection plans and savings plans are offered by AVIVA to the suited individuals.

Aviva Child Insurance Plans:

  • Aviva Family New Income Builder
  • Aviva Young Scholar Secure
  • Aviva Young Scholar Advantage
  • Aviva Young Scholar Secure
  • Aviva Dhan Samruddhi –This plan allows the customers to meet both the short and the long term needs by providing guaranteed cash back, maturity benefit, liquidity and rebate on an assured high sum.
  • Aviva Dhan Nirman –This plan provides an assured regular stream of income along with a bonus amount towards the end of policy term.
  • Aviva Life Bond Advantage –This plan offers to invest a certain amount for in between medium to long term period which features Life Cover and allows the customers to access the funds 5 years later.
  • Aviva Live Smart –It is a plan which is unit-linked and it allows the customers to choose in between 7 fund options which feature 100% equity and 100% debt. Not only does it provide the option to choose from the various policy terms but after 5 years also helps to create free partial withdrawals
  • Aviva Wealth Builder –This plan doubles the premium amount which the customers have paid and guarantees the return of it at the time of maturity as a huge amount
  • Aviva iGrowth –This policy features three policy terms, three fund options and tax for you as well as your family to give them a secured future.
  • Aviva Dhan Vriddhi Plus –It is such a plan which allows you to do systematic savings along with building a corpus. It features three payment options which come with tax benefits.
  • Aviva Affluence –This plan features a unit linked endowment in which you are required to pay only for a certain period. In order to maximize the returns and meet the long term milestones, this plan allows you to stay invested by opting between 7 fund options.
Plan Basic sum Assured( in INR) Tenure (Policy Term)(in years)
Aviva Young Scholar Advantage Max./Min. Sum Assured:
  • 0.5 times Policy Term X Annual premium, otherwise
  • 10 times Annual premium, whatever is higher
10 – 25 (depends upon maximum maturity age)
Aviva Family New Income Builder Sum Assured – 24x Annual Premium (exclusive of Service Tax and extra premium, if any)
  • Min. SA - Rs 9,60,000 (min. annual premium of forty thousand INR X 24)
  • Max. SA - Rs.24,00,00,000 per life (max. annual premium of Rs.1,00,00,000 X 24)
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Aviva Young Scholar Secure
  • Assured Death Sum: More than ten times the Annual premium, which excludes any rider premium extra premium and the taxes which are present otherwise assured sum at the time of maturity otherwise one hundred and five percent of the paid premium which excludes any rider premium, extra premium and taxes which are present.
  • Maturity Sum Assured depends upon the age of the Life Insured, Plan Option and Policy term
21 years, minus the child’s age at entry.
Aviva Dhan Nirman Min – 2,00,000 Max –1 crore(per life) 18, 21, 25,30
Aviva Dhan Samruddhi Min – 100,000 Max – 5 crore 10, 15 ,20(depends on maximum maturity age)
Aviva Life Bond Advantage - 10 to 73 years (min age during maturity – 18 max age during maturity – 75)
Aviva Life Smart Sum Assured can be chosen between the maximum and minimum limits as a multiple of Annual Premium Between 15-30 (depends upon min. & max maturity age)
Aviva Wealth Builder
  • two times Single premium (Single PPT*)
  • ten times Annual Premium (5Yr PPT)
  • twenty times Annual Premium (10Yr PPT)
13, 15,17
Aviva iGrowth Sum Assured - 10x Annual Premium OR 20x Annual Premium;
  • Min. SA - Rs 3,50,000
  • Max. SA per life:
Age 18 to 40: Rs. 50,00,000 Age 41 to 50: Rs. 30,00,0,00
10, 15 ,20 (subject to max. maturity age)
Aviva Dhan Vriddhi Plus 5 years PPT:
Entry age 18 to 45 yrs: Minimum SA 5 lakh INR
Entry age 46 to 50 years: Min. SA is Rs 10 lac
7 years PPT : Min. SA is Rs 5 lac
11 years PPT : Min. SA is Rs 3 lac
Max. SA for all 3 PPTs is Rs 5 crore
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Aviva Affluence Assured amount is a multiple of Annual Premium and is based upon Policy Term and age. 15 to 30 (depends upon min. & max. maturity age)

*PPT – Premium Payment Term / *SA – Sum Assured

Aviva Saving Plans:

  • Aviva Dhan Samruddhi
  • Aviva Dhan Nirman
  • Aviva i-Growth
  • Aviva Live Smart
  • Aviva LifeBond Advantage
  • Aviva Wealth Builder
  • Aviva New Family Income Builder
  • Aviva Dhan Vriddhi Plus - This plan allows you to make systematic savings along with building a corpus. It features three term payment options which come with tax benefits.
  • Aviva Affluence – This plan features a unit linked endowment in which you are required to pay only for a certain period. In order to maximize the returns and meet the long term milestones, this plan allows you to stay invested by opting between 7 fund options.
Plan Basic sum Assured (in rupees) Period (Policy Term) (in years)
Aviva Dhan Nirman Min – 2 lakh Max – 1 crore (per life) 18, 21, 25, 30
Aviva Dhan Samruddhi Min – 1 lakh Max –5 crore 10, 15,20 (depends upon maximum maturity age)
Aviva iGrowth Assured amount – 10 times Annual Premium/20 times Annual Premium;
Min. Assured amount - 3,50,000
Max. Assured amount per life - Age 18-40: 50,00,000
Age 41-50: 30,00,0,00
10, 15 or 20 (depends upon maximum maturity age)
Aviva Life Bond Advantage - 10 to 73 (min maturity age – 18 ; max maturity age – 75)
Aviva Life Smart Assured sum depends upon multiple of Annual Premium between the maximum and minimum limits. Between 15-30(depends upon maximum and minimum maturity age)
Aviva Family New Income Builder Assured amount – 24 times Annual Premium (including Service Tax and extra premium)
Min.SA* - 9,60,000 (min. annual premium of 40,000 X 24)
Max.SA* - Rs.24,00,00,000 per life (max. annual premium of.1,00,00,000 X 24)
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Aviva Wealth Builder
  • 2x Single premium (Single PPT*)
  • 10x Annual Premium (5 Yr PPT)
  • 20x Annual Premium (10 Yr PPT)
13, 15, 17
Aviva Dhan Vriddhi Plus 5yrs PPT
Entry age: 18-45: Min. SA: 5 lakh
Entry age 46 to 50 years: Min. SA: 10 lakh
7 years PPT – Min. SA: 5 lakh
11 years PPT – Min. SA:3 lakh Max. SA for all 3 PPTs: 5 crore
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Aviva Affluence Assured amount is a multiple of Annual Premium and relies upon Policy Term and age. 15 to 30 (depends upon min. & max. maturity age)

*PPT – Premium Payment Term / *SA – Sum Assured

Aviva Retirement/Pension Plans:

  • Aviva Annuity Plus
  • Aviva Next Innings Pension Plan
  • Aviva Dhan Samruddhi : This plan allows you to meet both the short and long term needs. It offers guaranteed cash back along with liquidity, maturity benefit and discount on a high sum.
  • Aviva iGrowth : This plan has three fund options, tax benefits and three policy terms to ensure a secured life for you and your family.
  • Aviva Live Smart : It is a plan which is unit-linked and it allows the customers to choose in between 7 fund options which feature 100% equity and 100% debt. Not only does it provide the option to choose from the various policy terms but after 5 years also helps to create free partial withdrawals
  • Aviva Family New Income Builder : This plan makes sure you pay for 12 years and get the double of that amount over the next 12 years.
  • Aviva Wealth Builder : Your dreams can now be achieved with this plan. It not only doubles the entire premium amount which you have paid but also guarantees its return in the form of a huge amount upon maturity.
  • Aviva Life Bond Advantage : This plan features the opportunity by which you can invest a certain amount for in between medium to long tenure. It comes with Live Cover and allows you to access the funds five years later.
  • Aviva Dhan Vriddhi Plus : This plan features three payment options which comes along with tax benefits and which allows you to do systematic savings in order to build a corpus.
  • Aviva Affluence : This is a unit linked endowment plan which requires you to pay only for a limited term while allowing you to stay invested to meet long term milestones and maximize returns by choosing between 7 fund options.
Plan Basic Assured Amount(in rupees) Period(Policy Term)
Annuity Plus - -
Aviva Dhan Samruddhi Min – 1 LAKH Max – 5 CRORE 10, 15,20 years ( based on max. maturity age)
Aviva iGrowth
  • Sum Assured : ten times Annual Premium
  • otherwise twenty times Annual Premium
  • Minimum assured amount : three lakh fifty thousand
  • Maximum assured sum per life : 18-40 years of age: five lakh
  • 41-50 years of age : three lakh
10, 15,20 (subject to max. maturity age)
Aviva Life Smart Sum Assured is a multiple of Annual Premium between the maximum and minimum limits. Between 15-30 (depends upon min. & max maturity age)
Aviva Family New Income Builder

Sum Assured – 24times Annual Premium (exclusive of Service Tax and extra premium)

Min. SA* - 9,60,000
(min. annual premium of 40,000 X 24)

Max. SA* - 24,00,00,000 per life
(max. annual premium of 1,00,00,000 X 24)

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Aviva Next Innings - 13, 16,18
Aviva Wealth Builder
  • 2times Single premium (Single PPT*)
  • 10times Annual Premium (5 Yr PPT
  • 20times Annual Premium (10 Yr PPT)
13, 15,17
Aviva Life Bond Advantage - 10-73
(min age at maturity – 18 max age at maturity – 75)
Aviva Dhan Vriddhi Plus 5 years PPT
Entry age 18-45
Min. SA: 5 lac Entry age: 46-50
Min. SA :10 lac
7 years PPT : Min. SA:5 lac
11 years PPT : Min. SA: 3 lac Max. SA for all 3 PPTs: 5 crore
20
Aviva Affluence Sum Assured is a multiple of Annual Premium and depends upon Policy Term and age. 15-30 (depends upon min. & max. maturity age)

*PPT - Premium Payment Term / *SA – Sum Assured

Protection Plans of Aviva:

  • Aviva Sampoorna Suraksha –This plan is non-linked and non-participating which allows to choose a premium payment schedule and provides a maturity benefit which is guaranteed to secure the future of your beloved ones
  • Aviva Extra Cover –It is a combination of Aviva Health Secure Policy and Aviva i-Life. It provides total protection including life cover which is affordable and huge amount on chronic illness diagnosis.
Plan Basic Sum Assured (in rupees) Period (Policy Term)(in years)
Aviva i-Life Min – 25,00,000 Max – No limit (dependant on underwriting) Min – 10 Max – 35
Aviva i-Shield 15,00,000-5,00,00,000 (in multiples of 25000) 10 –25
Aviva Life Shield Advantage Min. Assured sum – 2,00,000 10 – 30
Aviva Life Shield Platinum Min – 50,00,000 Max – No limit, dependent upon underwriting. 10 –52 (subject to max. maturity age of 70)
Aviva Life Shield Plus Minimum Sum Assured – 10,00,000 10 - 30
Aviva Sampoorna Suraksha Sum Assured varies depending on the term of policy 8, 9, 10,15
Aviva Extra Cover Min : 25,00,000
Max : No limit
Critical Illness Cover amount minimum is 5,00,000
Max : 50,00,000
10 - 15
(Term Insurance)
10 - 30 (Critical illness cover)

Rural Plans of Aviva:

Plan Basic Assured amount Period(Policy Term)
Aviva Jan Suraksha - 5 - 10 (subject to max. age maturity age of 50 or 55)
Aviva Nayi Grameen Suraksha - -

Life Insurance Plans of Aviva for groups:

Apart from the individual life insurance plans, Aviva also features a number of group life insurance plans namely term plans, rural/credit protection plans and gratuity/leave encashment plans.

Plan Basic Sum Assured(in rupees) Tenure (Policy Term)
Aviva Corporate Life Plus Min – 1 crore (per scheme) Max – No limit 1 (Yearly Renewable)
Aviva Corporate Shield Plus - -

Gratuity or Leave Encashment Plans of Aviva:

Plan Basic Assured Amount Period (Policy Term)
Aviva New Traditional Employee Benefit Min: 1,000 /employee Max: 1crore /employee -
Aviva Group Gratuity Advantage Min: 1,000 /employee
Max: 1crore /employee
1 (annually renewable)
Aviva New Group Leave Encashment Plan - -

Rural/Credit Protection Plans of Aviva:

Plan Basic Assured Amount Period (Policy Term)
Aviva Credit Plus - 1 (annually renewable)
Aviva Credit Suraksha Max –100,000/member – 20,00,000/per scheme 1 (annually renewable)
Aviva Group Life Protect Min : 1,000/member
Max : No limit
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