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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 Freedom Life Advantage Plan
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Plan Nature
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ULIP
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Plan Category
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Savings & Investment Plan
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UIN No.
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122L083V01
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About Plan
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Aviva Freedom Life AdvantageTM - A flexible plan to help you choose the right combination of saving and protection as per your changing needs Different individuals have different needs, which change over time. Aviva recognizes this and offers you a plan that provides solutions for all your financial goals, be it saving for your child, planning for that dream home or providing for your retirement. We recognize that you need the right combination of protection and savings which may change during different stages of your lifetime. Aviva Freedom Life Advantage provides you the flexibility to change your plan as per your changing needs.
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Minimum Entry Age
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18 years
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Maximum Entry Age
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60 years
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Minimum Maturity Age
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18years
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Maximum Maturity Age
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75 years
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Minimum Policy Term
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15 years
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Maximum Policy Term
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30 years
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Premium Paying Term
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5 years or same as Policy Term
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Minimum Premium
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Rs 5000
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Maximum Premium
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No Limit
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Benefits
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Maturity Benefits
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On survival till the maturity date, you will receive the Fund Value pertaining to regular premiums, Top-up Premiums and Loyalty Addition, if any, as on the maturity date.
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Death Benefits
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In case of the unfortunate death of the Life Insured during the term of the policy and subject to the condition that all due premiums have been paid, the nominee will receive the Base Sum Assured or Fund Value pertaining to regular premiums, whichever is higher plus Top-up Sum Assured or Fund Value pertaining to Top-up Premiums (if any), whichever is higher.
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Death Benefits
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If the policy is issued on joint life basis with spouse, the policy will terminate by paying the Death Benefit as defined above on first death.
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Death Benefits
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If a policy is discontinued, the Company shall send a notice within a period of 15 days from the date of expiry of grace period to the Policyholder to exercise the option to revive the policy within a period of 30 days of receipt of such notice. During this period the policy is deemed to be in-force with full risk cover as per terms and conditions of the policy and Death Benefit described above shall be payable during this period.
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Partial Withdrawal Benefit
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This plan addresses any liquidity concerns you may have by allowing you to withdraw money from your fund without complete withdrawal of your policy.
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Partial Withdrawal Benefit
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Partial withdrawals from Fund Value pertaining to regular premiums are allowed after completion of first5 policy years, and from Fund Value pertaining to Top-uo Premium. Partial withdrawals are permitted only if life Insured has attained age 18 years last birthday.
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Partial Withdrawal Benefit
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The partial withdrawal will be made first from the Fund Value pertaining to Top-up Premium, if any and eligible, and then from the Fund Value pertaining to regular premium.
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Tax Benefits
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| No data for Tax Benefits |
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Aviva Dread Disease Rider [122B014V01]
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Aviva Term Plus Rider [122B017V01]
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Comprehensive protection to you and your family in case of your unfortunate death by:Payment of the sum assured or the fund value, whichever is higher.Joint life option to secure your spouse under the same policy.Enhanced protection with choice of one or more of our contemporary riders providing additional death benefit, cover against critical illness and permanent total disability.
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Obtain superior investment returns with:Choice of 8 unit linked funds - Balanced Fund-II, Bond Fund-II, Enhancer Fund-II, Growth Fund-II, Index Fund-II, Infrastructure Fund, PSU Fund and Protector Fund-II depending on your investment objectives and also investment flexibility through the Systematic Transfer Plan (STP) and Automatic Asset Allocation (AAA)High allocation rates and a competitive charging structureRegular loyalty additions during the term.
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Flexibility to increase the level of protection and savings during the policy termEasy liquidity through free partial withdrawals after 5 years.
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Balanced Fund II (Post 31-Dec-2009)
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Bond Fund II (Post 31-Dec-2009)
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Discontinuance Policy Fund
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Dynamic P/E Fund
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Enhancer Fund II (Post 31-Dec-2009)
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Growth Fund II (Post 31-Dec-2009)
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Index Fund II (Post 31-Dec-2009)
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Infrastructure Fund (Post 31-Dec-2009)
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Protector Fund II (Post 31-Dec-2009)
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PSU Fund (Post 31-Dec-2009)
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Particulars
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Range
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Balanced Fund II (Post 31-Dec-2009)
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Equity
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0% - 40%
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Debt & Money Market
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0% - 60%
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Bond Fund II (Post 31-Dec-2009)
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Debt & Money Market
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0% - 100%
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Dynamic P/E Fund
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Equity
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0% - 100%
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Debt
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0% - 100%
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Enhancer Fund II (Post 31-Dec-2009)
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Debt & Money Market
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0% - 40%
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Equity
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60% - 100%
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Growth Fund II (Post 31-Dec-2009)
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Equity
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0% - 30%
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Debt & Money Markey
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0% - 70%
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Index Fund II (Post 31-Dec-2009)
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Dept & Money Market
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0% - 40%
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Infrastructure Fund (Post 31-Dec-2009)
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Cash & Money Market
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0% - 40%
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Equity
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0% - 60%
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Balanced Fund II
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23-May-13
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12.614
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Bond Fund II
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23-May-13
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13.788
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Dynamic P/E Fund
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23-May-13
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10.771
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Enhancer Fund II
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23-May-13
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12.056
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Growth Fund II
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23-May-13
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11.403
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Index Fund II
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23-May-13
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11.323
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Infrastructure Fund
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23-May-13
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7.993
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Protector Fund II
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23-May-13
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13.086
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PSU Fund
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23-May-13
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8.521
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Discontinuance Policy Fund
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30-Dec-11
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10.642
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Balanced Fund II (Post 31-Dec-2009)
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Bond Fund II (Post 31-Dec-2009)
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Discontinuance Policy Fund
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Dynamic P/E Fund
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Enhancer Fund II (Post 31-Dec-2009)
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Growth Fund II (Post 31-Dec-2009)
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Index Fund II (Post 31-Dec-2009)
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Infrastructure Fund (Post 31-Dec-2009)
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Protector Fund II (Post 31-Dec-2009)
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PSU Fund (Post 31-Dec-2009)
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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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