Aviva Sampoorna Suraksha

Overview

Aviva Sampoorna Suraksha is a savings cum insurance plan which is a non-participating, non-linked insurance scheme. The policy offers guaranteed maturity benefits as well as death benefits to the beneficiaries of the deceased. The policy offers great features and benefits as well as flexibility to choose premium payment duration as well the as the premium amount.

Aviva Life Insurance is a joint venture between Dabur Investment Corporation of India and Aviva International Holdings Limited, which is a leading insurance group from UK.

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Eligibility Criteria for Aviva Sampoorna Suraksha Plan :

Listed below are the minimum and maximum entry age for the Aviva Sampoorna Suraksha Plan.

Entry Age	18-50 years
Maximum Maturity	65 years

Key Features of Aviva Sampoorna Suraksha Plan

Listed below are some of the key features of Aviva Sampoorna Suraksha Plan:

Plan type	Non-Participating non-unit-linked endowment plan.
Plan basis	Individual
Premium paying terms	Single Pay, 5 years, 7 years, 10 years
Policy term	8 years, 9 years, 10 years, 15 years
Premium payment frequency	Half-yearly and yearly
Free-look period	15 days from the date of availing the insurance scheme
Grace period	30 days after the designated date of premium submission
Policy revival	Any policy can be revived with full benefits, within 2 years from the date of the first unpaid premium.
Nomination	Nomination facility is available under section 39 of the Insurance Act, 1938
Sum Assured	Depends on premium payment term, policy term and entry age
Policy coverage	Death benefits and maturity benefits. Death Benefits: In case of death of policyholder, sum assured equal to 10 times the annual premium will be paid out to the beneficiaries and the policy will cease to exist. Maturity Benefits: Guaranteed maturity benefits are rolled out in case the policy term is survived by the policyholder. The amount paid at maturity depends upon the policy term, premium payment term and the entry age of the policyholder. Refer maturity benefit table below for further information.
Add-on Covers available	No
Surrender Benefit	You can surrender a single premium policy at any time during the policy period A limited premium policy needs to complete at least 2 years of premium payment before it is surrendered
Surrender value payable	Greater of the GSV (Guaranteed Surrender Value) and SSV (Special Surrender Value)
Loans against policy	Loans against this insurance policy are not acceptable

Benefits or Advantages of Aviva Sampoorna Suraksha Plan

Following are some of the most significant advantages due to which makes Aviva Sampoorna Suraksha Plan a unique insurance plan which is preferred by customers.

Low policy premiums: Low and affordable policy premiums are the highlight of the Aviva Sampoorna Suraksha Plan
Flexibility to choose premium paying duration
Guaranteed maturity benefit

How Does the Aviva Sampoorna Suraksha Plan Work

Following is a table depicting the various policy terms and the different minimum and maximum terms at highest and lowest ages along with the maturity sum assured as a percentage of the single premium paid by the policyholder.

Policy Term (years)	Premium Paying Term (years)	Maturity Sum Assured ((% of single premium)
		Entry Age <= 30 years	Entry Age 31-40 years	Entry Age 41-45 years	Entry Age 46-50 years
8	Single	125	120	115	110
9	5	130	125	120	115
10	7	135	130	125	120
15	10	155	150	145	140

Aviva Sampoorna Suraksha Plan is a good insurance product offering considering its dual nature of savings cum protection. This takes away an individual's burden of availing separate savings and insurance schemes.