Insurance company Aviva has launched a new investment plan called "Aviva Wealth Builder" plan which will guarantee double payout on maturity. As per the plan customer can be benefited with both investment and insurance with this plan. Customer can pay the premium via single term option or by choosing a multiple term option as well.
TR Ramachandran, CEO & MD, Aviva Life Insurance said, “At Aviva, we keep our customers at the heart of our business and design products that address specific customer needs. Our market research unveiled that some of our customers preferred lump sum payouts as opposed to yearly payouts to help them meet specific financial objectives like buying a house, child’s education/marriage, and retirement. Through Aviva Wealth Builder we aim to help our customers achieve this objective and also provide peace of mind to the family by ensuring financial security in case of any eventuality.”
You can check out the benefits you are going to get by enrolling this policy
Maturity Benefit:
•If insurer survives till the end of policy then he will get double of the premium paid amount on maturity.
•Also insurer will get some one time benefit amount based on certain parameter. Check their website for more details.
Death Benefit:
In case of death nominee will get the amount accumulated at 6% per annum (Premium paid) compounding annually or the total maturity amount,whichever is higher among them.
Tax Benefits:
You can also get tax benefit under income tax section 80C and 10 (10D).
For more details about this policy ask your insurance agent or visit the official website of Aviva Life Insurance.
