The Amar Suraksha of Aviva Life Insurance is a protection plan that secures the opportunity of the family with a guaranteed lump sum amount if there is any unfortunate death of the policy holder. The minimal annual premium of the policy is Rs 500.
The input features of Amar Suraksha of Aviva Life Insurance are as follows:
- The entry age of the policy is minimum 18 years and maximum 45 years.
- The available policy term is 5, 10, 15, 20 years which is a subject matter to the maximum maturity age of 50 years.
- The premium payment term of the policy is equal to that of the policy term.
- The minimum amount for the annual premium is Rs 500.
- The maximum amount of the annual premium is decided depending on the level of the sum assured chosen.
- The premium payment frequencies are annual or half yearly.
- If the customer wishes to withdraw the policy after paying the premiums for 3 years the policy will acquire a paid up value. The insured will receive the paid up value on the maturity of the policy. In case of death of the policy holder the receiver will get the guaranteed surrendered value.
- Any person can take the policy only for the maximum sum assured of Rs. 1, 00,000.
The benefits available under Amar Suraksha of Aviva Life Insurance are as follows:
As death benefit
If the insured person dies unfortunately in an accident then the sum insured will be paid to the nominee.
As maturity benefit
If the policy holder survives for the entire term of the policy the entire premium amount will be paid without interest.
As tax benefit
The policy offers tax benefits under Sections 80C and 10(10D) of the Income Tax Act, 1961.
Possibly Related Posts:
- Sachin Century Plan | Aviva Life Insurance
- Life Long Policy | Aviva Life Insurance
- Aviva Wealth Plus | Aviva Life Insurance
- Aviva Pension Elite | Aviva Life Insurance
- Aviva Dhan Vriddhi | Aviva Life Insurance
- Aviva Group Superannuation Plan
- Aviva Freedom Life Plan | Aviva Life Insurance
- Aviva Life Bond Plus | Aviva Life Insurance
- Aviva Life Line | Aviva Life Insurance
- Aviva Easy Life Plus | Aviva Life Insurance
