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aviva life insurance company (Aviva Life Insurance )
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Aviva Wealth Plus

Name of Life Insurance Company Aviva life Insurance company
Product Name Aviva Wealth Plus
Product / Plan. ULIP Endowment Plan
Min – Max Premium 15000 – No Max Limit.
Min- Max Policy Term 10 -25 Year
Min – Max Premium Paying Term Premium Paying term is Equal to policy term
Min- Max Sum Assured 5* Annual premium .
Min - Max Entry Age 0 – 65 Year
Min – Max Entry Age if Rider opted 18 – 50 Year
Min -Max Maturity age 18 – 75 Year
Death Benefit Sum Assured or Fund Value which ever is high Plus Loyalty addition.
Survival Benefits N/A
Maturity Benefit. Sum Assured or Fund Value which ever is high Plus Loyalty addition.if applicable.
Free Look Period 15 Days
Automatic Cover N/A
Surrender Available
Settlement Option N/A
Fund Option Enhancer Fund, Growth Fund, Balance Fund, Protector Fund.
Partial withdrawals. Available after 4th year.
Loyalty Addition & Bonus Available
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 Available on every after 5th Year.
Riders Available Accidental Death and Dismemberment ,Aviva Family income benefit Rider, Aviva Payor Rider.
Switching Available 4 free switching are Available.
Tax Benefit Available under Sec-80 C and 10(10D).
Loan Option N/A
Top Up Allocation charges. 2.00%
Premium Allocation Charges. 100% Premium Allocation in Policy entire term.
Fund Management charges 1.00% p.a on protector Fund, 1.25% p.a on Balance fund. 1.50% p.a on Growth Fund and 1.75% p.a on Enhancer Fund.
Policy Administration charges. PAC will charge on the monthly basis.
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 Nil after completion of 4th policy year.
Partial withdrawal charges Only 4 partial withdrawal Available.
Company web sites. www.avivaindia.com

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