Aviva Dhan Varsha | Features | Benefits

Aviva Dhan Varsha is a traditional investment cum protection plan that provides you Guaranteed Addition of 6% to 9% of the sum assured along with life protection

Guaranteed Additions basis the policy term, longer the Policy Term, higher the rate of Guaranteed Additions
Guaranteed Survival Benefit equal to sum of all accrued guaranteed addition at the end of the Premium Payment Term
Guaranteed Maturity Benefit at the end of the Policy Term
No premium payment liability during the last five years for policy term of 10, 15 and 20 years
Optional riders for additional protection in the event of accidental / non-accidental death

Specifications

Entry age: 08 to 60 years – without rider, 18 to 55 years – with rider
Maturity age: 18 to 70 years
Policy term:5/10/15 or 20 years
Premium payment term:
5 years for Policy Term = 5 years
Policy Term minus 5 years for Policy Term = 10, 15 or 20 years
Premium Payment Frequency: Yearly, Half yearly, Monthly (ECS/Direct Debit Only)
Annual Premium: Minimum Rs. 50,000; No Maximum limit (subject to underwriting),
excluding Service Tax applicable as per prevailing tax laws
Riders Available: Accidental Death Benefit (ADB) rider and Aviva Term Plus rider

Benefits –

Death Benefit:

Life Cover along with the accrued Guaranteed Additions, if not already paid, is paid to the nominee.
Additional benefits as detailed below will also be payable:
- An additional amount equal to Aviva Term Plus Rider Sum Assured, if the rider is opted
- An additional amount equal to Aviva Death Benefit Rider Sum Assured, if the rider is opted and the death is because of an accident

Guaranteed Additions:

Your policy will earn a guaranteed addition for every completed year till the end of the premium payment term. These additions are based on the Policy Term rather than Premium amount.

Policy Term (Years)

Guaranteed Addition

(Rs. Per 1000 of Sum Assured)

Rs 60

Rs 70

Rs 80

Rs 90

Survival Benefit:

You will receive a lump sum amount equal to sum of all accrued Guaranteed Additions on survival till the end of the Premium Paying Term

Maturity Benefit:

Life Cover will be paid on maturity of the policy, provided all due premiums are paid

Tax Benefit:

Tax benefits will be as per section 80C and 10(10(D)) of Income Tax Act, 1961.
As per the prevailing tax laws, 80C is applicable for a premium up to 20% of base Sum Assured and 10(10D) at maturity is applicable only if the premium paid in any year was less than or equal to 20% of the base Sum Assured.
Tax benefits are as per the prevailing tax laws and are subject to change from time to time.

Know about more plans – Aviva Life Insurance

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Tags: aviva life insurance, Life Insurance