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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 New Pension Elite
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Plan Nature
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ULIP
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Plan Category
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Retirement Plan
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UIN No.
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122L073V01
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About Plan
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Aviva New Pension Elite is a non-participating unit-linked pension plan that provides yu with flexible investment options, to build a retirement corpus that will provide you with a regular income, when you require it. Aviva New Pension Elite also provides a Sum Assured, in addition to your Fund Value, through a Term Rider (optional) that can ensure a minimum Death Benefit for your family in case you are not around. What's more, based on your needs, you can choose from 6 fund options while also having the flexibility to reconsider your retirement age during the Policy Term. You further benefit by getting Loyalty Additions during the term of the policy, as well as Maturity Addition on the date of maturity.
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Minimum Entry Age
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18years.
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Maximum Entry Age
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70years.
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Minimum Maturity Age
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40years.
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Maximum Maturity Age
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80years.
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Minimum Policy Term
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10years.
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Maximum Policy Term
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30years.
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Premium Paying Term
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Premium payment term is equalto the policy term.
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Minimum Premium
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Rs.50000.
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Minimum Top Up premium
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Rs.1000.
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Maximum Top up Premium
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no maximum limit.
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Benefits
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| Particulars | Description |
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Maturity Benefits
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At maturity you have an option to withdraw up to 1/3rd of the Maturity Value (inclusive of Maturity Addition, if any) as a lump-sum and use the balance to purchase an immediate annuity from Aviva or any other Life Insurance company registered in India.
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Death Benefits
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In case of your unfortunate death, the nominee will receive the Fund Value pertaining to Regular Premiums along with Top-up Premiums (if any) plus the Aviva Term Rider Sum Assured, if opted for.
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Surrender Benefit
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You have the option to fully surrender the policy after completion of 3 policy years, whereby the Surrender Value will be paid to you after deducting applicable Surrender Charge (refer to Charges for details) and the policy will terminate. There is no Surrender Charge after completion of 5 policy years.
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Tax Benefits
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| No data for Tax Benefits |
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Add Life Cover to Pensions: While you buy a pension to mitigate the risk of living too long, you can also add a Term Rider under this product to mitigate the risk of early death.
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Premium Allocation: Maximise your investment, as a high amount of the premium paid is invested in the funds chosen by you.
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Loyalty Additions and Maturity Addition: Get higher maturityproceeds with Loyalty Additions during the term and MaturityAddition on the date of maturity.
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Flexibility to Revise the Vesting Age: Depending on your need, you can revise your Vesting Age, i.e. extend or reduce the Policy Term, once during the Policy Term.
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Investment Fund Options: Choose from 6 unit-linked funds - Pension Protector Fund-II, Pension Balanced Fund-II, Pension Growth Fund-II,Pension PSU Fund, Pension Infrastructure Fund and Pension Index Fund-II, depending on your investment objectives and risk appetite.
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Top-up facility: Enhance your investments through Top-up Premiums, with 100% allocation into selected funds.
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Pension Balanced Fund II (Post 31-Dec-2009)
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Pension Growth Fund II (Post 31-Dec-2009)
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Pension Index Fund II (Post 31-Dec-2009)
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Pension Infrastructure Fund II (Post 31-Dec-2009)
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Pension Protector Fund II (Post 31-Dec-2009)
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Pension PSU Fund II (Post 31-Dec-2009)
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Particulars
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Range
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Pension 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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Pension Growth Fund II (Post 31-Dec-2009)
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Equity
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20% - 60%
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Debt & Money Market
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0% - 40%
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Pension Index Fund II (Post 31-Dec-2009)
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Debt & Money Market
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0% - 20%
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Equity
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80% - 100%
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Pension Infrastructure 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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Pension Protector Fund II (Post 31-Dec-2009)
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Equity
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0% - 20%
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Debt & Money Market
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0% - 80%
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Pension PSU Fund II (Post 31-Dec-2009)
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Cash and Money Market Instruments
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0% - 40%
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Equity
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60% - 100%
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Pension Balanced Fund II
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20-May-13
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12.659
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Pension Growth Fund II
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20-May-13
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12.759
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Pension Index Fund II
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20-May-13
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12.546
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Pension Infrastructure Fund II
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20-May-13
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8.849
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Pension Protector Fund II
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20-May-13
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13.158
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Pension PSU Fund II
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20-May-13
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9.008
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Pension Balanced Fund II (Post 31-Dec-2009)
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Pension Growth Fund II (Post 31-Dec-2009)
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Pension Index Fund II (Post 31-Dec-2009)
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Pension Infrastructure Fund II (Post 31-Dec-2009)
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Pension Protector Fund II (Post 31-Dec-2009)
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Pension PSU Fund II (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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