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  • Aviva Dhan Nirman


    A major portion of our present is spent planning and thinking about our future, a future filled with uncertainties, where our financial resources could be stretched. Aviva Dhan Nirman is a participating savings plus protection plan which is designed to ease your mind and help you face the future with confidence. This plan ensures that one is able to meet any financial requirement, offering a guaranteed regular source of income which will aid you in the days to come.

    Eligibility Criteria of Aviva Dhan Nirman

    Entry Age

    Minimum – 4 years

    Maximum – 50 years

    Maturity Age

    Maximum – 75 years

    Sum Assured

    Minimum - Rs 2,00,000/-

    Maximum – Rs 1,00,00,000/-

    Annual Premium

    Minimum – Rs 14,486/-

    Maximum – Rs 9,98,000/-

    Key Features of Aviva Dhan Nirman


    Non-linked participating savings + protection plan


    Death Benefit – In the event of unfortunate demise of life insured individual during the policy term, the nominee would receive the highest of the following:

    • Ten times the annualized premium or

    • 105% of premiums paid or

    • Sum assured on maturity or

    • sum assured for that policy

    Maturity Benefit – In the event a life insured individual survives till the policy matures, he/she would receive a maturity sum assured, depending on the premiums paid.

    Survival Benefit – In the event of survival of Life insured individual after the PPT, he/she would be eligible for a survival benefit which is equivalent to 150% of the annual premium paid.



    Premium paying term (PPT)

    14 years for 18 year policy term

    15 years for 21 year policy term

    16 years for 25 year policy term

    18 years for 30 year policy term

    Premium paying modes

    Monthly, quarterly, half-yearly and yearly

    Sum Assured Rebate

    Policy Term (years)

    Rebate (per Rs 1000 Sum Assured)










    Simple Reversionary Bonus – This is a percentage of the Sum Assured and is declared at the end of a financial year.

    Terminal Bonus – This is a percentage of the sum assured and will be paid on termination of policy.


    Lapsed policies can be renewed within 2 years of first unpaid premium by clearing all outstanding dues, including an annual interest of 9% (compounded)

    Grace period

    Yearly, half yearly and quarterly payment mode – 30 days

    Monthly payment mode – 15 days


    No loan facility under this plan

    Free Look Period

    Policyholders get a 15 day Free Look period wherein they can return the policy if they do not agree with any terms and conditions of this plan.

    Surrender Value

    Policies can be surrendered after premiums for at least two policy years have been paid. The surrender value varies depending on the year of surrender.

    Advantages of Aviva Dhan Nirman

    Tax Benefits

    Policyholders get tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961.

    Assured Income

    Policyholders get guaranteed annual income after their PPT ends.


    Policyholders are eligible to get additional bonuses under this plan.


    Policyholders get a rebate on premium if the sum assured is above Rs 5 lakhs.

    How the Plan Works

    This Aviva life plan is designed for those who wish to be prepared for any eventuality, ensuring that money doesn't become a problem in the future. An example showcasing how this plan works is indicated below.

    Mr. Joy, aged 35 years is an employee of an MNC, earning a healthy income. He decides to opt for this plan, in a bid to ensure his 1 year old son can avail the best education. He chooses a Sum Assured of Rs 5 lakhs and a policy term of 21 years, with an annual premium of Rs 44,020. In an unfortunate turn of events, Mr Joy passes away at the age of 47, when the plan is in its 12th policy year. The table below indicates the amount his nominee receives.

    Benefits payable to his nominee

    Amount (RS)

    Premium Paid (Rs)

    Guaranteed Death benefit

    5.54 lakhs

    44,020 x 12

    Bonus (4% )

    0.96 lakhs


    Bonus (8%)

    2.89 lakhs


    Total payout (4% return)

    6.50 lakhs


    Premium Payments

    Premium payments vary depending on the premium payment term, with different premium payment terms having different policy terms. One can choose from flexible payment frequencies, with an option between annual, half yearly, quarterly or monthly payment modes.


    There are no riders applicable under this plan.


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    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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