"Spending a whole day looking for insurance is fun," said nobody, EVER!
  • Aviva Sampoorna Suraksha

    Aviva Life Insurance

    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.

    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.

     

     

  • reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.