Aviva Sachin Extra Cover Advantage | Features | Benefits

Aviva Sachin Extra Cover Advantage is a hassle-free savings plan that gives you a high life cover without undergoing any medical examination by signing a self-declaration of good health. This plan offers high Life Cover (Sum Assured) in the first 10 years and reduces in the last 10 years balancing your need for high protection during initial years and investment towards maturity.

No medical examination
Higher Life Cover
Loyalty Additions to boost maturity proceeds
Eight fund options including Infrastructure and PSU Fund
In-built accidental death cover for enhanced protection

Specifications

Entry age: 18-50 years
Maturity age: 38-70 years
Policy term(PT): 20 years
Annual Premium:
For age at entry upto 40 years:
Rs. 25,000/ 50,000/ 75,000/ 100,000/ 1,50,000 /2,00,000 (6 options)
For age 41 years and above:
Rs. 25,000 / 50,000 / 75,000 /1,00,000 (4 options)
Premium Payment Term (PPT): 10 years / 15 years or 20 years
Top-up Premium: Top-up Premium is not allowed under this product
Premium Payment Frequency: Annual

Benefits –

Death Benefit:

Nominee will receive the Life Cover in-force in the policy year of death or fund value, whichever is higher.
In case of death due to an accident before age 60, an additional amount under the in-built Accidental Death benefit shall also be paid.

Loyalty Additions:

You will be eligible for Loyalty Additions, if you continue paying all due premiums.
The addition will be 2% of Fund Value at the end of year 15 and thereafter 4% of Fund Value again at the end of the Policy Term.
Loyalty additions once allocated will be payable under all events.

Maturity Benefit:

On maturity the fund value along with loyalty addition will be paid.

This illustration is for a male aged 35 years, who pays premiums for 20 years and invests 100% into Enhancer Fund-II:

*Refer to the policy brochure for details

Know about more plans – Aviva Life Insurance

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