Aviva India Launches Aviva Signature Guaranteed Income Plan: Overview
Aviva India Launches Aviva Signature Guaranteed Income Plan: Overview
Aviva India, one of the leading life insurance companies in India, has recently launched its new Aviva Signature Guaranteed Income Plan. This plan is designed to provide guaranteed income for policyholders over a period of time. It is a non-participating, non-linked, limited premium paying plan that provides guaranteed income for a period of 10 years.
Benefits of Aviva Signature Guaranteed Income Plan
The Aviva Signature Guaranteed Income Plan offers a range of benefits to policyholders. These include:
- Guaranteed income for 10 years: The policyholder will receive a guaranteed income for 10 years, regardless of the performance of the market.
- Flexible premium payment options: The policyholder can choose from a range of premium payment options, including single, regular, and limited premium payment options.
- Tax benefits: The policyholder can avail tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
- Loyalty additions: The policyholder can avail loyalty additions at the end of the policy term.
- Death benefit: In case of the policyholder’s death during the policy term, the nominee will receive the death benefit, which is the sum assured plus the loyalty additions, if any.
Eligibility Criteria for Aviva Signature Guaranteed Income Plan
The eligibility criteria for Aviva Signature Guaranteed Income Plan are as follows:
- Minimum age at entry: 18 years
- Maximum age at entry: 65 years
- Minimum sum assured: Rs. 2 lakhs
- Maximum sum assured: No limit
- Minimum policy term: 10 years
- Maximum policy term: 20 years
- Minimum premium payment term: 5 years
- Maximum premium payment term: 10 years
Conclusion
The Aviva Signature Guaranteed Income Plan is a great option for those looking for a guaranteed income over a period of time. It offers a range of benefits, including guaranteed income, flexible premium payment options, tax benefits, loyalty additions, and death benefit. It is important to note that the policyholder must meet the eligibility criteria to avail of this plan.
In conclusion, Aviva India’s Aviva Signature Guaranteed Income Plan is a great option for those looking for a guaranteed income over a period of time. It offers a range of benefits, including guaranteed income, flexible premium payment options, tax benefits, loyalty additions, and death benefit.
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