Aviva Life Insurance, India’s most trusted non-public insurance firm, has introduced the launch of Aviva Nivesh Bima. This is a non-Linked, non-Participating, Individual Savings Life Insurance Plan that gives assured moneyback at each fifth coverage 12 months, along with a lump sum payout on the maturity. This worth proposition ensures that prospects benefit from the safety of a life cowl whereas build up a corpus to meet their short-term and long-term wants.
Aviva Nivesh Bima affords engaging options corresponding to fastened profit pay-out on maturity or loss of life, restricted premium paying time period, and an possibility to reinforce the protection by an add-on Accidental Death Benefit. The plan additionally affords tax advantages to prospects.
Moreover, the Product is designed to draw the Aspiring Value Seekers within the society who’re trying to get assured assured returns for his or her investments. The minimal annualized premium for the coverage is as little as INR 25,000 as much as a most of INR 1,00,00,000 in order that the coverage could also be helpful to prospects with various budgets and having low to reasonable threat urge for food.
Mr. Vinit Kapahi, Head, Marketing Function, Aviva Life Insurance mentioned, “During uncertain times, customers increasingly seek life insurance plans with guaranteed gains, especially in the foreseeable future. By aligning our prospects with this future-oriented customer mindset, we have brought Aviva Nivesh Bima which will enable policyholders to fulfill their short- and long-term financial goals.”
He additional defined, “The thought behind this campaign is encapsulated in ‘Chotey dreams se Bade Goals Tak’ as this sentiment speaks to our customers’ aspirations for getting a financial boost they may need at any time, whether immediately or in the long-term future, thus safeguarding their loved ones against uncertainties in life.”
Some of the important thing options of the Aviva Nivesh Bima Plan are:
- Choice of premium fee time period and coverage phrases
- Annual, Semi Annual and Monthly modes for paying premiums
- Option so as to add further safety by Add on Accidental Benefit cowl
- Death cowl of 11 instances Annualized premium
- Guaranteed Survival Benefit of 10% of Maturity Sum Assured each fifth coverage 12 months besides at maturity
- Guaranteed Maturity Benefit after deducting survival advantages already paid
- Tax-free payouts, as per prevailing tax legal guidelines
Source : Equity Bulls
Keywords
AvivaLifeInsurance
AvivaNiveshBima
SavingsLifeInsurancePlan
