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

Name of Life Insurance Company Aviva life Insurance company
Product Name Aviva Pension Plus
Product / Plan. ULIP Pension Plan
Min – Max Premium 6000 – No Max Limit.
Min- Max Policy Term 5 Year- max depends on the vesting age .
Min – Max Premium Paying Term 5 Year- max depends on the vesting age .
Min- Max Sum Assured N/A
Min - Max Entry Age 18 - 65 Year
Min – Max Entry Age if Rider opted N/A
Min -Max Maturity age 75 Year
Death Benefit Fund Value .
Survival Benefits N/A
Maturity Benefit. Fund Value plus Loyalty addition.
Free Look Period 15 Days
Automatic Cover N/A
Surrender Available
Settlement Option N/A
Fund Option Pension Index, Pension Growth, Pension Balance, Pension Protector
Partial withdrawals. Available after 3 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. Available
Premium Holiday option N/A
Riders Available N/A
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. 1st Year 20-25%, 2nd Year Onwards 2%,
Fund Management charges 0.75% p.a On Pension ndex Fund,1.00% p.a on Pension Protector Fund, 1.5% p.a on Pension GrowthFund, 1.25% p.a on Pension Balance Fund.
Policy Administration charges. Rs-53 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 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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