Aviva Life Bond 5 | Aviva Life Insurance

AVIVA Life Bond 5 is yet another unit-linked Endowment Plan from Aviva Life Insurance in which the term for the payment of premium is only 5 years. Under this policy the insured would be getting three types of fund options such as secure, balanced and growth.

Depending on the risk profile, the insured are allowed to make the option of their investments. In AVIVA Life Bond 5 policy, the insured can also transfer their assets from one fund to another. In other words the policy holder can easily migrate from one fund to another. Apart from this the policy holder can choose to have a mixture of funds but under this situation, ten percent of the premium must be invested.

Some of the features and benefits of AVIVA Life Bond 5 another unit-linked endowment policy is as follows:

In this policy the insured is allowed to make extra contribution so that they can enhance their savings value.
The insured can surrender the policy anytime provided that he or she must have used it for at least a year or more. In such a case the number of units that has been purchased by the insured would be paid back by multiplying it with the price of each unit.
If the insured has chosen to have secure fund on maturity then the money that would be repaid is either the policy value or minimum maturity value, whichever is higher.
In this policy 110 per cent of the policy would be returned if death has occurred during the first year of the policy due to non accidental reasons.
Management, administration, switch and mortality charges are deducted before making the payment of the policy money to the policy holder either on maturity or on surrender.

These are some of the features and benefits of this very Insurance Policy. For more details about this, people are requested to visit there nearby branch office of Aviva Life Insurance.

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