This is yet another insurance plan from Aviva Life Insurance in which the insured can choose the amount of security and savings. This policy even allows the policy holder to make certain changes to the policy depending on his or her needs and requirements. Under this policy the term for making the payment of premiums is quite low.
Features and benefits of Aviva Freedom Life Plan insurance policy
This is one such plan that offers plenty of features and option to the insured and some of them are discussed below:
- This is one such policy from Aviva life insurance that offers its policy holder the option to either increase or decrease the insurance premium and the sum that has been assured.
- There is also a provision to get insurance cover for both husband and wife in one single policy.
- Riders are available under this policy that is meant to offer improved insurance coverage after making the payment of some additional premium. The riders that are offered in this policy are Accidental Death and Dismemberment Rider, Rider Hospital Cash Benefit Rider, Comprehensive Health Benefit and Aviva Payor plus Rider.
- The term for making the payment of premium is quite limited which is mainly three to five years. There is an option under which the insured can raise the term for making the payment of premium.
- Investment options on some of the well known funds are also available that assures regular monthly income under this policy and some of them are Protector-II, Balanced-II, Growth-II, Enhancer-II, Infrastructure, PSU, and Index-II Funds.
Some more information about this policy
- In this policy the term for making the payment of premium are 3 and goes up to 30 years. The payment can be made either on monthly, quarterly, yearly and half-yearly basis.
People that are between eighteen to sixty years are eligible for making a purchase of this policy. The minimum top up premium for this policy is thousand rupees and the maximum is 25 per cent of the total regular premium.
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