Specifications

• Entry age: Parent: 21-50 years and Child: 0-12 years (last birthday)
• Policy term: 21 minus age at entry of the child
• Premium payment term: For entry age 0-8 years of child – 13 minus age of child

For entry age 9-12 years of child: Fixed 5 years

• Premium Payment Frequency: Yearly, Half-yearly and Monthly
• Annual Premium: Silver – Rs 25,000; Gold – Rs 50,000; Diamond – Rs 100,000;

Platinum (5 options) – Rs 200,000/400,000/600,000/800,000 or 10, 00,000

* Service tax as applicable from time to time will be payable separately

• Sum Assured: Based on age of the parent, age of the child and premium option
• Riders Available: Accidental Death Benefit (ADB) rider, Aviva Term Plus rider and Aviva Dread Disease rider

Easy steps to your plan

What am I going to get?

Death Benefit:

Upon death, Life cover is paid to the nominee (beneficiary) and the policy continues with all benefits intact. Any installment already paid by us will not be deducted from the death benefit.

All future installments of Tuition Fee Support, College Admission Fund & Higher Education Reserve will be paid on the scheduled dates

Additional benefits as detailed below will also be paid if the corresponding riders are opted for:

– Aviva Term plus rider Sum Assured is also payable on death if this rider has been opted for

– An additional sum equal to ADB Rider Sum Assured would be payable, if ADB Rider has been opted and death is due to an accident.

– Aviva Dread Diseases rider Sum Assured is paid on contracting any of the 18 critical illnesses covered or on suffering Permanent Total Disability (PTD) due to illness or accident, while the policy continues with Death Benefit intact.

The said benefits are applicable only if the policy is inforce as on date of evantuality

Guaranteed Education Support Benefit:

This plan provides guaranteed Tuition fee support, College Admission Fund and Higher Education Reserve irrespective of you being there or not.

Tax Benefit:

Tax benefits will be as per section 80C and 10(10(D) of Income Tax Act, 1961. Tax benefits as per the prevailing tax laws are applicable and are subject to change from time to time.

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Option A – Life Protection
Choose this option if you forecast a need for lump sum payment of large sum of money to your family in case you are not around. You can opt for additional health and Accidental Death Benefit rider

Option B – Income Replacement
Choose this option if you want to provide a regular monthly income to your family in your nonattendance. This amount increases by 5(%) p.a. compounded annually from the very first year of your policy to beat increase. Your premium obligation is limited to about 2/3rd of the policy term.

Option C – Loan Protection.
Choose this option to cover for higher financial liabilities and family responsibilities in the early years of your life, the Life Cover decreases consistently across the policy term. Your premium contract is limited to about 2/3^rd of the policy term.
This Insurance Plan offers rebate on your premium for higher levels of Sum Assured.

Specifications:

• Entry age : 18-60 years, 55 years with Aviva Dread Diseases Rider, 50 years with Accidental Death Benefit Rider

• Policy Term : 10 to 52 years, subject to the maximum maturity age of 70 years
  60 years with Accidental Death Benefit Rider
  65 years with Aviva Dread Disease Rider

• Premium Payment Term :
  Option A – equal to Policy Term
  Option B & Option C – 2/3^rd of policy term, rounded down to nearest integer
  e.g. for a 16 years term, paying term will be 10 years

• Premium Payment Frequency: Annualy, Half-yearly, Quarterly or Monthly

• Sum Assured: Minimum Rs 50,00,000, maximum no limit subject to underwriting

• Riders Available (Option an only): Accidental Death Benefit and Aviva Dread Disease (DD) Rider (offered to non-smokers only).

Easy steps to your plan:

What are the benefits I will receive?

Death Benefit:

• Option A: Life Protection.

The Sum Assured is paid out to the nominee as a lump-sum in case of your ill-timed death. In case you have opted for ADB Rider, the rider Sum Assured is paid out additionally in case of death by accident.

• Option B: Income Replacement.

The nominee will receive monthly benefit amount chosen at start till the end of the policy term, this amount increases by 5(%) p.a. compounded annually from the very first year of the policy to beat inflation

• Option C: Loan Protection.

Under this option, the Sum Assured (SA) reduces consistently over the Policy Term and the applicable Sum Assured as on the year of ill-timed death is paid to the nominee.

Rider Benefit:

• Accidental Death Benefit (ADB) Rider:
  Pays ADB rider Sum Assured in addition to the base death benefit, in the event of death due to an accident
• Aviva Dread Disease (DD) Rider:
  Pays DD rider Sum Assured on ill health because of contracting any of the 18 critical illnesses covered or on suffering Permanent Total Disability (PTD) due to illness or accident, while the policy continues with Death Benefit intact.

Maturity Benefit:

• This is a pure insurance product and hence there is no maturity benefit payable under this plan

Surrender Benefit:

• Option A: There is no surrender value
• Option B & C: The policy will acquire surrender value after the premium payment term, if all due premiums have been paid

Tax Benefit:

Tax benefits will be applicable as per prevailing tax laws. Tax laws are subject to change.

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The new scheme is set to offer tailored car insurance policies for employees who are leasing a company car. The policy should gain popularity because of the tax benefits it will provide.

The company will receive the vehicle from the leasing company at a price net of tax, rather than the full sale price. The saving the company makes from leasing the car at a reduced rate will then be passed onto the employee in the form of a reduced rate for the car.

Repayments for the car will be directly deducted out of the employee’s salary (meaning there is saving to be made on National Insurance payments and also income tax).

These types of salary exchange benefits are especially popular during this time of economic uncertainty. This is another way in which employers can create extra benefits for their employees.

With the new Aviva block car insurance policy, there is no limit on the number of cars included in the policy which will particularly appeal to large organisations with numerous company cars.

Aviva has plans to launch the new car insurance policy by the end of this year!

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• All future premiums being waived off and invested as a lump sum amount in to the funds, so the policy continues even in the ill-timed event of the parent’s death while the Life Cover (Sum Assured) is paid out immediately. These benefits are also applicable upon disability or critical illness if the Comprehensive Health Benefit (CHB) Rider is opted
• Provision of a regular income for the minor child, in the event of parent’s death if Aviva Child Education (CE) Rider is opted for
• An additional lumpsum being paid in the event of parent’s death if Aviva Term Plus Rider is opted
• Loyalty Additions to enhance your Fund Value
• A choice of 8 fund options; Investment flexibility through Automatic Asset Allocation (AAA) and Systematic Transfer Plan (STP)
• The product will be offered only to those who have atleast one child

Specifications

• Entry Age : Parent 21-50 years; Child 0-17 years
• Policy Term : 10 to 25 years, subject to the maximum maturity age parent as 70 years
• Premium payment term : 5 years or equal to the Policy Term
• Premium Payment Frequency: Annually, Half-yearly or Monthly
• Annual Premium:
• If Premium Payment Term equals Policy Term, Minimum Rs 20,000; Maximum: No limit
• If Premium Payment Term is 5 years, Minimum Rs 100,000; Maximum: No limit
• Top-up Premium: Minimum – Rs 5,000; Maximum: No limit
• Riders Available: Aviva Child Education (CE) Rider , Comprehensive Health Benefit Rider (CHB) and Aviva Term Plus Rider

Benefits -

Death Benefit:

• All future premiums are waived off and invested as a lump sum amount into the fund, so the policy continues even in the unfortunate event of the parent’s death
• The amount of Life Cover shall be payable to the nominee
• Life Cover pertaining to Top-up premiums, if any, shall also be payable to the nominee
• In case of death due to an accident between age 18 to 60, an additional amount under the in-built Accidental Death cover shall also be paid

Rider Benefit:

• Aviva Child Education (CE) Rider – fixed monthly amount as chosen by the policyholder at inception is paid throughout the Policy Term to ensure uninterrupted education of the child in the event of parent’s death
• Comprehensive Health Benefit (CHB) Rider – upon disability or critical illness the Life Cover is paid instantly, future premiums are waived and paid as a lumpsum into the fund and the policy continues with investment benefits intact
• Aviva Term Plus Rider- an additional amount equal to the Aviva Term Plus Rider Sum Assured is paid on death of insured

Loyalty Additions:

• You will be eligible for Loyalty Additions, if you continue paying all due premiums
• The addition will be 1.5% of Fund Value pertaining to regular premiums at the end of year 11 and thereafter at the end of every subsequent 2nd policy year till the end of the Policy Term
• Loyalty Additions will be added even after the death of the insured parent

Maturity Benefit:

• On maturity, the Fund Value pertaining to both regular premiums and Top-up premiums will be paid to the policyholder along with accrued Loyalty Additions, if any as on the maturity date. This Maturity Benefit will be payable to the Nominee in case of death of the policyholder prior to maturity
• Settlement option – This allows you to keep the money invested in the fund even after maturity and enables you to receive the same systematically over a period of 1 to 5 years. You can opt for this option at maturity

Tax Benefit:

• Tax benefits will be as per section 80C and 10(10(D)) of the Income Tax Act, 1961. Tax benefits as per the prevailing tax laws are applicable and are subject to change from time to time.

*Refer to the policy brochure for disclaimers

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• Payment of Life Cover (Sum Assured) to your family in the event of your death (Option A)
• Additional protection against Accidental Permanent Total Disability (Option B)
• Return of the money paid towards the base premium on your survival at the end of the policy term
• Additional protection against Permanent Total Disability (PTD) and 18 Critical Illness covered by the Aviva Dread Disease (DD) Rider (available with Option A regular premium mode)
• A rebate on your premium for higher levels of Sum Assured

Specifications:

• Entry age: 18-55 years (Maximum age at the expiry of the policy is 65 years)
• Policy term: 10 years to 30 years
• Minimum Sum Assured: Rs 2 lacs
• Premium Payment Frequency: Single Premium (for Option A); Yearly, Half-Yearly, Quarterly and Monthly (for both Options)
• Riders: Aviva Dread Disease (DD) Rider (with Option A, Regular Premium)

Benefits –

Death / PTD Benefit:

Option A: Life protection

• Death Benefit: In the unfortunate event of your death during the Policy Term, provided that all the due premiums are paid till death, the Sum Assured is paid to your nominee and the policy terminates

Option B: Life-cum-disability protection along with Return of Premium

• Death/PTD Benefit – In the unfortunate event of your death or suffering from Permanent Total Disability (PTD) due to an accident, whichever is earlier during the Policy Term, provided that all the due premiums are paid till death, the Sum Assured along with the sum of all premiums paid till date of notification of death (excluding extra premiums, taxes and rider premiums, if any), will be paid and the policy terminates.

Rider Benefit: if Aviva Dread Disease (DD) Rider is opted along with Option A (regular premium):

• An additional amount equal to the Aviva DD Rider Sum Assured is payable on contracting any of the 18 Critical illnesses covered or on Permanent Total Disability due to an accident or illness. This rider payout does not impact benefits payable under the base plan

MaturityBenefit:

• Maturity Benefit under this plan (both options) is Return of Premiums paid excluding rider premium, taxes and extra premium, if any, paid. There is no interest paid on the sum of premiums.

Tax Benefit:

• The Policy offers tax benefits as per the prevailing laws of the Income Tax Act, 1961. Tax laws are subject to change

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• 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

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• 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.

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.

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• Eight unit linked funds as well as two options for life cover
• Extra financial protection through the inbuilt Accidental Death Benefit
• Systematic partial withdrawal for hassle free structured withdrawal
• Opportunity for additional investment with a nominal life cover (top-up)

Specifications

• Entry age: 02-65 years
• Policy term: 10-73 years (minimum age at maturity 18 years; maximum age at maturity 75 years)
• Premium Paying Term: Single Premium
• Base Premium:

Minimum Premium: Rs. 50,000

Maximum Premium: No Limit

• Top-up Premium: Minimum – Rs. 5,000; Maximum – No limit
• Inbuilt Accidental Death Benefit

Benefits –

Death Benefit:

• In the unfortunate event of your death, Life Cover or the value of units pertaining to single premium, whichever is higher, is payable along with accumulate Loyalty additions (if any )
• Life Cover or the Fund Value pertaining to top-up premium, whichever is higher, shall also be payable

Loyalty Additions:

• You are eligible for Loyalty additions if you stay invested for more than 10 years

The addition will be 4% of Fund Value pertaining to Single Premium at the end of 10^th policy year and 2% on every subsequent 10^th policy year till the end of the Policy Term

Maturity Benefit:

• On maturity, you can either take out the fund value and terminate the policy or opt for Settlement option
• Settlement option – This allows you to keep the money invested in the fund even after maturity and enables you to receive the same systematically over a period of 1 to 5 years. You can opt for this option at maturity

Other Benefits:

• You can opt for Systematic Partial Withdrawal for regular cash flow so that a fixed amount of money is credited to your bank account from your policy fund at a desired interval
• Partial Withdrawals without having to surrender your policy allowed upto 4 times in a policy year
• Policy allows you to make a lump sum investment through top up premium facility. The Minimum top up allowed is Rs. 5,000; no limit on  maximum. Each top-up will carry a Life Cover (Sum Assured) of 1.25 times the top-up premium

Tax Benefit:

• The Policy offers tax benefits as per the prevailing laws of the Income Tax Act, 1961. Tax laws are subject to change

This illustration is for a male aged 35 years, who selects option B and invests 100% into Enhancer Fund-II

* Refer to the policy brochure for disclaimers

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Specifications

• Entry age: 2 to 60 years (18 to 55 years with riders)
• Policy Term: 15, 20, 25 and 30 years (Maturity age between 18 to 75 years)
• Premium payment term: same as the Policy Term
• Premium Payment Frequency: Annually, Half-yearly or Monthly
• Annual Premium: Minimum Rs. 25,000; No maximum limit
• Top-up Premium: Minimum Rs 5,000; No maximum limit
• Fund Options: Bond-II, Protector-II, Balanced-II, Growth-II, Enhancer-II, Infrastructure, PSU and Index-II Funds
• Riders: Aviva Child Education (CE) Rider and Aviva Dread Disease (DD) Rider

Benefits –

Death Benefit:

• In the unfortunate event of your death, the amount of Life Cover plus Fund Value pertaining to regular premium shall be payable to the nominee
• Life Cover plus Fund Value pertaining to top-up premiums, if any, shall also be payable
• In case of death due to an accident between age 18 to 60, an additional amount under the in-built Accidental Death cover shall also be paid

Rider Benefit:

Additional benefits are payable if the following riders are opted on the life of the Life Insured:

• Aviva Child Education (CE)  Rider – a fixed monthly amount as chosen by the policyholder at inception is paid throughout the Policy Term to ensure continuous education of the child
• Aviva Dread Disease (DD) Rider – additional amount equal to Aviva DD Rider Sum Assured is payable if you contract any of the 18 Critical illnesses covered or on Permanent Total Disability due to an accident or illness. This rider payout does not impact benefits payable under the base plan

Maturity Benefit:

• On maturity, the Fund Value pertaining to regular premiums and top-up premiums, if any will be payable.

Tax Benefit:

• The Policy offers tax benefits as per the prevailing laws of the Income Tax Act, 1961. Tax laws are subject to change

This illustration is for a male aged 35 years, opting for minimum Sum Assured, pays premiums yearly and invests 100% into the Enhancer FUnd-II and does not opt for the riders.

*Refer to the policy brochure for details

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Specification -

• Entry age: 2 to 60 years for single life and 18 to 60 years for joint life; (18-55 years and 18-50 years respectively for single life and joint life with riders).
  For Joint Life option, both the Life Assureds must be 18 years of age
• Policy term:15 to 30 years (maximum age at maturity 75 years)
• Premium payment term: 5 years or same as the Policy Term
• Premium Payment Frequency: Annually, Half-yearly or Monthly
• Annual Premium: Minimum Rs. 25,000 for PPT=PT and Rs 100,000 for PPT of 5 years; No limit on Maximum
• Top-up Premium: Minimum Rs. 5,000; No limit on Maximum
• Fund Options: Bond II,Protector II,Balanced II,Growth II, Enhancer II, Infrastructure, PSU and Index II Funds
• Riders Available:Aviva Dread Disease (DD) Rider, Aviva Term Plus Rider

Benefits –

Death Benefit:

• In the unfortunate event of your death, the amount of Life Cover or Fund Value, whichever is higher, shall be payable to the nominee along with accrued Loyalty Additions (if any)
• Life Cover or Fund Value, whichever is higher, pertaining to top-up premiums, if any, shall also be payable
• In case of death due to an accident between age 18 to 60, an additional amount under the in-built Accidental Dealth cover shall also be paid

Rider Benefit:

Additional benefits are payable if the following riders are opted on the life of the Life Insured:

• Aviva Dread Disease (DD) Rider: additional amount equal to Aviva DD Rider Sum Assured is payable if you contract any of the 18 Critical illnesses covered or on Permanent Total Disablitliy due to an accident or illness. This rider payout does not impact benefits payable under the base plan
• Aviva Term Plus rider: an additional amount equal to the Aviva Term Plus Rider Sum Assured is paid on death of insured

Loyalty Additions

• You will be eligible for loyalty additions, if you continue paying all due premiums
• The addition will be 3% of Fund Value at the end of year 10 and 1.75-2% of Fund Value at the end of every subsequent 3rd policy anniversary till the end of the Policy Term

Maturity Benefit:

• On maturity, the Fund Value pertaining to both regular premiums and top-up premiums will be paid to the policyholder along with accrued Loyalty Additions, if any as on the maturity date.
• Settlement option – This allows you to keep the money invested in the fund even after maturity and enables you to receive the same systematically over a period of 1 to 5 years. You can opt for this option at maturity

Tax Benefit:

• The Policy offers tax benefits as per the prevailing laws of the Income Tax Act, 1961. Tax laws are subject to change

This illustration is for a male aged 35 years, opting for minimum Sum Assured, pays premiums yearly and invests 100% into the Enhancer Fund-II (Premium Paying Term = Policy Term) and does not opt for the riders.

*Refer to the policy brochure for disclaimers

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