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aviva life insurance company (Aviva Life Insurance )
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Life Bond 5

Name of Life Insurance Company Aviva life Insurance company
Product Name Life Bond 5
Product / Plan. Endowment Plan
Min – Max Premium 25000 – No Limit.
Min- Max Policy Term 10 Year
Min – Max Premium Paying Term 3 Year or 5 Year
Min- Max Sum Assured 5* Annual premium .
Min - Max Entry Age 18-50 Year
Min – Max Entry Age if Rider opted N/A
Min -Max Maturity age 28 – 60 Year
Death Benefit Higher of The Fund value or Sum Assured.
Survival Benefits N/A
Maturity Benefit. Sum Assured or Fund Value which ever is high.
Free Look Period 15 Days
Automatic Cover N/A
Surrender Available
Settlement Option N/A
Fund Option Index Fund, Enhancer Fund, Growth Fund, Balance Fund, & Secure Fund.
Partial withdrawals. Available after 3 year.
Loyalty Addition & Bonus N/A
Top Up Min - Max 1000 – 25% of total regular Premium paid..
Increase & Decrease Sum Assured. N/A
Increase & Decrease of Premium. N/A
Premium Holiday option N/A
Riders Available N/A
Switching Available N/A
Tax Benefit Available under Sec-80 C and 10(10D).
Loan Option N/A
Top Up Allocation charges. 2.00%
Premium Allocation Charges. 1st Year 15%, 2nd Year Onwards 4%,
Fund Management charges 0.75% p.a On Index Fund,1.25% p.a on Balance Fund. ,1.50% p.a on Growth Fund.1.75% p.a Enhancer Fund. 1.50 % p.a on Secure Fund.
Policy Administration charges. Rs-61 per month which will increase 5% by 1st jan every year.
Switching charges 0.5% amount switched subject to max- of Rs-500/-.per switches, after 4 free switches .
Mortality charges Depends on age, and Sum at Risk.
Surrender Charges After 4 Year.
Partial withdrawal charges Only 4 partial withdrawal Available.
Company web sites. www.avivaindia.com

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