Aviva Dhan Vriddhi Plus Plan
Product Info
UIN
Status
Launch Date
Withdrawn Date
Product Overview
Aviva Dhan Vriddhi Plus is a Traditional Limited pay participating plan which helps the customer to save systematically and build a corpus. This plan ensures that you get a guaranteed lump sum equal to the premiums paid by you at maturity and accrued bonuses, ensuring the growth of your savings.
Product Description
- On maturity, get 100% return of premiums paid as guaranteed benefit along with accrued bonus, if any to meet your long-term goals.
- Ensure financial security of your loved ones in case of any exigencies.
- Choose between a premium payment term of 5, 7 or 11 years basis amount of money you require on maturity.
COMPARE & BUY SIMILAR PLANS
Unique Features
- Aviva Dhan Vriddhi Plus is a traditional limited pay endowment plan with bonus facility.
- 100% return of Premiums paid (excluding any taxes and any extra premium) + vested Simple Reversionary Bonuses + Terminal Bonus (if any).
Eligibility Criteria
| Eligibility Criteria | ||
| Age at Entry (Min) | 18 years(Age last birthday) | |
| Age at Entry (Max) | 50 years(Age last birthday) | |
| Max age of Maturity | 70 years(Age last birthday) | |
| Premium | ||
| Frequency | Minimum | Maximum |
| Annual | Rs.21,258 | Rs. 48,68,500 |
| Notes :- Exclusive of Service tax & extra premium, if any | ||
| Mode Available | Annually | |
| Premium Paying Term | Minimum Sum Assured (Rs) | Maximum Sum Assured per life (Rs) |
| 5 years | Entry Age 18- 45 Years : 5 lac | 5 crore |
| Entry Age 46- 50 Years : 10 lac | ||
| 7 years | Rs. 5 Lac | |
| 11 years | Rs. 3 Lac | |
| Premium Payment Term | 5 Years, 7 Years and 11 Years | |
| Policy Term | 20 Years | |
OneInsure App Benefits
Product Benefit
|
Benefit |
Description |
|
|---|---|---|
|
Maturity Benefit |
100% return of Premium paid + Vested Simple Reversionary Bonuses + Terminal Bonus |
|
|
Survival Benefit |
NA |
|
|
Death Benefit |
Death Sum Assured + Vested Simple Reversionary Bonus + Terminal Bonus |
|
|
Death Sum Assured is defined as higher of :- |
||
|
10 times the Annualized Premium |
Sum Assured of the policy |
|
|
Maturity Sum Assured of the policy |
105% of all premium paid as on death |
|
|
Policy will terminate in case of the Death of the Life Insured. |
||
Other Policy Features
|
Premium discontinue |
|||
|
If Less than two years premium have been paid |
During the first 2 Policy years, if the due premium has not been paid before expiry of the grace period, the policy will lapse without acquiring any paid up value |
||
|
The lapse policy can be revived within 2 years from the date of first unpaid due premium by paying all due premium along with the interest, at 9% per annual compounded monthly. |
|||
|
If a Lapse policy has not revived within 2 years from the date of first unpaid due premium, 30% of the annual premium will be paid. |
|||
|
Incase of death of the life insured during the revival Period after the expiry of grace period, 100% of the annual premium will be paid & policy will be terminated. |
|||
|
If at least two years premium have been paid |
The Policy will become paid-up with reduced benefit. |
||
|
A paid-up Policy shall not be entitled to any future Simple Reversionary Bonuses. |
|||
|
If a paid-up policy is not revived within the revival period, the policy will continue as paid-up policy with reduced benefits. |
|||
|
The revival of lapsed/paid-up policy revival fee Rs.250/- |
|||
|
Paid-up Death benefit |
Death Sum Assured x no.of Premium paid /Total no.of Premium payable |
||
|
Paid-up Maturity benefit |
Sum of Premium* Paid + Vested Simple Reversionary Bonuses |
||
|
Notes : -* Premium exclude any amount paid as Extra Premium & / or taxes,if any |
|||
|
Surrender Value |
GSV = ( Premium*paid x GSV factor pertaining to premiums paid ) + Vested Simple Reversionary Bonus x GSV Factor pertaining to Bonuses |
||
|
Notes : - * Premium exclude any amount paid as Extra Premium & / or taxes,if any |
|||
|
Guaranteed Surrender Value Factors (Pertaining to Premium Paid) |
|||
|
Year / Policy Term |
5 Year |
7 Year |
11 Years |
|
2 & 3 |
30.00% |
30.00% |
30.00% |
|
4 & 13 |
50.00% |
50.00% |
50.00% |
|
14 |
55.00% |
55.00% |
55.00% |
|
15 |
60.00% |
60.00% |
60.00% |
|
16 |
70.00% |
67.00% |
65.00% |
|
17 |
75.00% |
72.00% |
70.00% |
|
18 |
80.00% |
77.00% |
75.00% |
|
19 |
85.00% |
83.00% |
80.00% |
|
20 |
90.00% |
90.00% |
90.005 |
|
Note-*No surrender is permitted during the first three years of the policy. After the first three policy years, |
|||
|
Policy Year of Surrender |
Guaranteed Surrender Value Factors (Pertaining to Vested Simple Reversionary Bonus) |
||
|
2 |
13.00% |
||
|
3 |
15.00% |
||
|
4 |
17.00% |
||
|
5 |
19.00% |
||
|
6 |
21.00% |
||
|
7 |
23.00% |
||
|
8 |
26.00% |
||
|
9 |
29.00% |
||
|
10 |
33.00% |
||
|
11 |
36.00% |
||
|
12 |
41.00% |
||
|
13 |
46.00% |
||
|
14 |
51.00% |
||
|
15 |
57.00% |
||
|
16 |
64.00% |
||
|
17 |
71.00% |
||
|
18 |
80.00% |
||
|
19 |
89.00% |
||
|
20 |
100.00% |
||
|
Special Surrender Value |
Paid-up value x Special Surrender Value Factor |
||
|
Loan |
Aviva will not offer loan against this policy |
||
Add-ons
Not Available
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 Plus Plan
Company Overview
Aviva Life Insurance is a joint venture between Dabur Invest Corp and Aviva Group. Dabur is one of the India's oldest and most respected business houses. 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.
