Speaking on the new launch Mr. T R Ramachandran, CEO and Managing Director, Aviva Life Insurance India said, "Aviva Dhan Samruddhi is a product that has been designed basis a Consumer Attitudes towards Savings study. The survey highlighted that in India, 56% of customers are not willing to take a risk on their investments and are looking for guaranteed returns. Aviva Dhan Samruddhi not only enables one to build a corpus for future financial needs, it periodically gives guaranteed money back during the policy term, so that one can continue to meet their ongoing financial requirements with ease."
Key Features of Aviva Dhan Samruddhi:
Guaranteed returns: Your policy earns a guaranteed addition of 7% per annum to 9% per annum of the annualized premium (excluding taxes and any other extra premium), till the end of the policy term, depending on the policy term chosen by you, payable at maturity.
Liquidity: Your policy pays back 125% of the annualized premium (excluding taxes and any other extra premium) as survival benefit every 5 years (except at maturity)
Guaranteed maturity benefit: At maturity, you get the Sum Assured plus accrued Guaranteed Additions minus Survival Benefits already paid
Rebate for high Sum Assured: Rebate on basic premium is allowed if your Sum Assured is Rs 5 lakhs or higher.
Tax Benefits: Tax benefits as per Section 80C and 10 (10D) of Income Tax Act 1961