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.
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.
Plan | Basic sum Assured( in INR) | Tenure (Policy Term)(in years) |
---|---|---|
Aviva Young Scholar Advantage |
Max./Min. Sum Assured:
|
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)
|
12 |
Aviva Young Scholar Secure |
|
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 |
|
13, 15,17 |
Aviva iGrowth |
Sum Assured - 10x Annual Premium OR 20x Annual Premium;
|
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 |
20 |
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:
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) |
12 |
Aviva Wealth Builder |
|
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 |
20 |
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:
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 |
|
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
Max. SA* - 24,00,00,000 per life |
12 |
Aviva Next Innings | - | 13, 16,18 |
Aviva Wealth Builder |
|
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:
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 |
- |