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Insurance Company
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Aviva Life Insurance Company Ltd
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Plan Name
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Aviva Dhan Vriddhi
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Plan Nature
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TRADITIONAL
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Plan Category
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Savings & Investment Plan
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UIN No.
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122N038V02
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About Plan
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Aviva Dhan Vriddhi is an ideal savings cum protection policy that helps you save and gives back tax-free lump sum payments combined with a valuable life cover. This is a non-participating policy. In addition, you may opt for the Accidental Death Benefit (ADB) rider and your loved ones will get additional financial protection in case of your accidental death.
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Minimum Entry Age
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13 Years
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Maximum Entry Age
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55 Years
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Minimum Policy Term
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5 Years
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Maximum Policy Term
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25 Years
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Minimum Sum Assured
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Rs.50000
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Maximum Sum Assured
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no limit on maximum.
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Minimum Premium
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Rs 5000
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Maximum Premium
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Depends upon the sum assured
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Benefits
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| Particulars | Description |
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Maturity Benefits
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Sum assured under the basic policy minus the survival benefits already disbursed is payable on maturity. In addition, the accrued Guaranteed Additions shall be payable on maturity. The Guaranteed Additions will be calculated for the full sum assured.
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Death Benefits
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Upon death, the full sum assured, along with the accrued Guaranteed Additions is payable, irrespective of the survival benefits already paid
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Survival Benefit
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The policy also provides a payout of 20% of the basic sum assured as a survival benefit at regular 5-year intervals till the policy matures. You will get a periodic payment equal to 20% of the sum assured at the end of 5th, 10th, 15th and 20th policy nniversaries, provided these due dates fall within the chosen policy term. i
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Additional Benefits
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Guaranteed Additions: The policy provides a Guaranteed Addition of Rs. 70 per 1000 sum assured for every completed policy year, provided all the due premiums have been paid.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Accident Death Benefit Rider [122C005V01]
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Yes, the ADB rider can be attached with this plan at the inception of the policy. The ADB rider sum assured will be equal to the sum assured under the base plan subject to an overall accidental sum assured restriction of Rs. 50 lacs under all Aviva policies. Aviva will pay an additional amount equal to the sum assured covered under this benefit, in case of your unfortunate death due to accident. The ADB rider benefit is payable only during the premium paying term.
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Aviva Dhan Vriddhi provides a guaranteed 7% addition on the sum assured for every completed policy year, provided all the due premiums have been paid. It also pays out a lump sum every 5 years of your sum assured to meet your immediate needs. With Aviva Dhan Vriddhi, you may opt for the Accidental Death Benefit (ADB) rider and your loved ones will get additional financial protection in case of your accidental death.
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06-Jul-09
09:12
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Aviva is keen on raising FDI to 49%
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06-Mar-09
12:12
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Aviva reaffirms India investment plans
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03-Mar-09
18:59
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Aviva launches LifeShield Plus
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13-Feb-09
11:00
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Capital infusion plan by middle of 2009 : Aviva CEO
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12-Feb-09
10:26
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Aviva life launches child plan Aviva Young Scholar
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20-Jan-09
12:50
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Private insurers see market share rise to 62%
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16-Dec-08
10:26
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Sales growth to be flat in December quarter: Aviva
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29-Sep-08
10:59
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TR Ramachandran as new CEO of Aviva India Life Insurance.
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24-Jul-08
17:29
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Aviva strengthens product portfolio for traditional plans
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14-Mar-08
15:10
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Aviva and BASIX together launch unique group term plan - Sangh Samruddhi
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