Aviva Wealth Builder


We work hard with an aim to double our money, to ensure that we have enough of it to help us lead a stable life. Doubling money is a hard task no doubt, requiring smart thinking and planning, but it is not impossible. One simple way to double your money is to invest in Aviva life Wealth Builder Plan, a non-linked non-participating insurance plan which gives you twice the premium amount on maturity. This plan is ideal for those wishing to savour every moment of the future without having to worry about financial needs.

Eligibility Criteria of Aviva Wealth Builder

Entry Age

Minimum – 5 years

Maximum – 50 years

Maturity Age

Policy Term

Minimum Age

Maximum Age










Sum Assured


Sum Assured


2 x single premium

5 years

10 x annual premium

10 years

20 x annual premium

Minimum and Maximum Sum Assured


Minimum Sum Assured in Rs

Maximum Sum Assured in Rs




5 years



10 years



Minimum Annual Premium

Single Premium – Rs 1,50,000

Regular Premium – Rs 50,000 per annum

Key Features of Aviva Wealth Builder


Non linked non participating insurance plan


Death Benefit – In the event of unfortunate demise of life insured, his/her nominee will receive the Sum Assured. This is twice the premium amount.

Maturity Benefit – Policyholders will be paid the Sum assured at maturity. This amount is twice the premium amount paid.



Premium paying term (PPT)

Single premium for 13 year policy term

5 PPT for 15 year policy term

10 PPT for 17 year policy term

Premium paying frequency

Annual or Single


Lapsed policies can be renewed within 2 years of first unpaid premium by clearing all outstanding dues, including an annual interest of 9% and a reinvestment fee of Rs 250

Grace period

30 days


No loan facility under this plan

Free Look Period

Policyholders get a 15 day Free Look period

Surrender Value

Surrender option available, with the surrender value depending on the time of surrender and premiums paid.

Advantages of Aviva Wealth Builder

Tax Benefits

Policyholders are entitled to tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. They can avail IT concessions on premiums paid and any benefit amount received.

Assured Income

Policyholders get double their investments at maturity.


Policyholders have flexibility in terms of choosing policy terms and payment modes.

Family protection

Policyholders can be rest assured that their family is protected financially in case something happens to them.

How the Plan Works

Aviva wealth Builder Plan is a simple scheme, which is explained by means of the example below.

Miss Kripa, aged 25 years opts for the Aviva Wealth Builder plan with a policy term of 15 years. She decides to pay a premium of Rs 1,00,000 per annum for the premium period term of 5 years. On maturity, Miss Kripa will be entitled to an amount which is 10 times her annual premium. This amount will be payable to her at the end of 15 years, which is her policy period.

In the event of the untimely demise of Miss Kripa, her nominee would receive the death benefit, which is double the premium paid.The table below indicates how the plan works.

Premiums Paid (Rs)

Amount at Maturity (Rs)

5 x 1 lakh = 5 lakhs

10 x 1 lakh = 10 lakhs

Premium Payments

One can opt to pay the premium amount either in a single shot or spread over a specific period. Policies with a term of 13 years require a single premium payment, whereas those with a 15 year term require 5 payments. Policy terms with a 17 year term require 10 payments. Payments for 15 and 17 years are to be made annually.


Policyholders do not have the option to choose riders 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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