Aviva Dhan Vriddhi Plan
Product Info
UIN
Status
Launch Date
Withdrawn Date
Product Overview
Aviva Dhan Vriddhi is an ideal saving plus protection policy that helps you save and gives back tax-free lump sum payments combined with a valuable life cover. This is a non-participating policy. In addition, you may opt for an Accidental Death Benefit rider.
Product Description
- Traditional endowment plan.
- Guaranteed survival and maturity benefits.
- Limited premium paying term which is policy term minus 5 years.
COMPARE & BUY SIMILAR PLANS
Unique Features
- Traditional endowment plan with guaranteed survival and maturity benefits.
- Plan provides guaranteed additions @7% of sum assured for every completed year.
- Guaranteed survival benefit of 20% of sum assured on every 5th year starting from the 5th year.
Eligibility Criteria
| Eligibility Criteria | ||
| Minimum | Maximum | |
| WITHOUT ADB rider | 13 Years | 55 Years |
| WITH ADB rider is opted | 18 Years | 50 Years |
| Maturity WITHOUT ADB Rider | - | 70 Years |
| Maturity WITH ADB Rider | - | 65 years |
| Sum Assured (SA) | Min Rs. 50,000 & thereafter Multiples of Rs.10,000 | No Limit* |
| Annual Premium | Rs. 5,000 | Depends Upon the SA |
| Policy Term | 10 years | 25 years |
| Premium Payment Term | Policy Term minus 5 Years | |
| Payment Modes | Yearly, Half-Yearly, Quarterly and Monthly | |
| Notes: *For monthly mode: 3 monthly premiums to be paid in advance and renewal premium payment is allowed only through ECS, Credit Card, Direct Debit and EFT. | ||
OneInsure App Benefits
Product Benefit
- Maturity Benefit:- Sum Assured + Accrued Guaranteed Addition shall be payable on Maturity
- Survival Benefit:- Will get a periodic payment equal to 20% of the Sum Assured at the end of 5th , 10th & 20th Policy Anniversaries
- Death Benefit:- Full Sum Assured + Accrued Guaranteed Addition is payable, irrespective of the survival benefit already paid
Other Policy Features
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Feature |
Description |
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Discontinued Premium |
Policy will lapse if the premium stops before 2 full years. It can be revived within 2 years by payment of all due premiums with interest & revival fee together with evidence of health at your cost. |
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Paid-Up Policy |
Policy acquires a paid-up Sum Assured after premium have been paid for 2 years |
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Paid Sum Assured is calculated as under:- |
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Sum Assured x (No. of Premium paid /No. of Premium payable under the policy) - Survival benefit. |
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Guaranteed Surrender Value = |
30% of the total amount of Premium paid excluding the premium for the first year & any extra premium paid for increased mortality risk. |
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Less survival benefit paid is payable to the customer to decide whether to terminate the policy after 2years premium is paid. |
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Riders |
Accidental Death Benefit Rider (ADB): The ADB rider Sum Assured will be equal to the Sum Assured under the base plan subject to an overall Accidental Sum Assured restriction of Rs.50 Lacs under all AVIVA policies. The ADB rider payable ONLY during the premium paying term. |
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High Sum Assured ( Rebates) |
Sum Assured Range ( Rs.) |
Rebate ( per 1000 Sum Assured ) |
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< 100,000 |
NIL |
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100,000 to 490,000 |
Rs. 6 |
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500,000 and Above |
Rs. 12 |
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Add-ons
- Accidental Death Benefit:
In case of death due to an accident, Sum assured of ADB rider is paid to the nominee.
Exclusions
If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of reinstatement of the Policy, the Policy shall be void and the Company will only be liable to pay the higher of 80% of premiums paid or the surrender value.
Claim Process
Know Claim Process of Aviva Dhan Vriddhi Plan
Company Overview
Aviva Life Insurance is a joint venture between Dabur Invest Corp, one of the India's oldest and most respected business houses and Aviva Group, one of the largest producers of traditional healthcare products. Aviva Group is a UK based insurance group, whose association with India dates back to 1834.
BENEFITS OF BUYING FROM ONEINSURE
OneInsure is owned by Robinhood Insurance Broker Pvt. Ltd.
Robinhood is known for its user & customer centric approach. We take care of all the phases of insurance, whether you've bought the policy from us or not.
