Aviva i-Growth

Benefits:

1. Death benefit- In case of unfortunate death of the insured,the nominee will either get sum assured or 105% of the total premiums paid or the fund value at the date of notification
2. Maturity benefit- If the insured survives till the end of the policy term then they will receive fund value along with loyalty additions as the maturity benefit
3. Loyalty addition- The insured will get loyalty addition on last 3 anniversaries of the policy. One can avail the loyalty addition only if all the premiums are paid till the date
4. Option to reduce sum assured- The insured can reduce the sum assured after three years of the policy
5. Partial withdrawals- Partial withdrawals are allowed after completion of 5 years of the policy.One can make 4 partial withdrawals per year
6. Offers 3 types of fund options-
   1. Balanced fund
   2. Bond fund
   3. Enhancer fund
7. Premium re-direction- The insured has the option to redirect their premiums to different funds up to 2 times in a policy year
8. Switching between funds- Switching between funds is allowed up to 3 times any time in a policy year

Eligibility Criteria:

1. Age: Minimum-18 years
   Maximum-50 years
2. Maximum maturity age- 60 years
3. Policy term- 10,15,20 years depending on maximum age of maturity
4. Premium payment term: Same as policy term
5. Minimum annual premium: Rs.35,000
6. Top up: Not allowed
7. Premium frequency: Yearly, half yearly, quarterly and monthly

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