Aviva Life Insurance Launches Individual Savings Insurance Plan; 'Nivesh Bima Plan': Check All Features

Leading non-public insurance coverage firm Aviva Life Insurance right now introduced the launch of Aviva Nivesh Bima - which is a non-Linked, non-participating, particular person financial savings life insurance coverage plan. The scheme offers assured moneyback at each fifth coverage yr and a lump sum payout on the maturity.The worth proposition ensures that clients avail the safety of a life cowl whereas build up a corpus to meet their short-term and long-term wants. The Aviva Nivesh Bima plan presents options reminiscent of fastened profit pay-out on maturity or dying, restricted premium paying time period, and an possibility to reinforce the protection by means of an add-on unintended dying profit. It additionally presents tax advantages to clients.Aviva Nivesh Bima Plan: Key Features

• Choice of premium cost time period and coverage phrases
• Annual, semi annual and month-to-month modes for paying premiums
• Option so as to add extra safety by means of add-on unintended profit cowl
• Death cowl of 11 instances annualized premium
• Guaranteed survival good thing about 10 per cent of maturity sum assured each fifth coverage yr besides at maturity
• Guaranteed maturity profit after deducting survival advantages already paid
• Tax-free payouts, as per prevailing tax legal guidelines
   

The product is designed to draw aspiring worth seekers within the society who search to get assured assured returns for his or her investments. The minimal annualized premium for the coverage is as little as Rs 25,000 as much as a most of Rs 1,00,00,000 in order that the coverage could also be helpful to clients with various budgets and having low to average threat urge for food.“During unsure instances, clients more and more search life insurance policy with assured good points, particularly within the foreseeable future. By aligning our prospects with this future-oriented buyer mindset, we now have introduced Aviva Nivesh Bima which is able to allow policyholders to meet their short- and long-term monetary objectives,'' stated Mr. Vinit Kapahi, Head, Marketing Function, Aviva Life Insurance.