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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 Sachin Century Plan
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Plan Nature
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ULIP
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Plan Category
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Endowment
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UIN No.
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122L059V01
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About Plan
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Aviva Sachin Century Plan offers you 100% allocation of all your premiums, giving you a return on the entire 100% invested by you. The plan is issued basis a simple declaration of good health by you, without having to undergo any hassles of medical examination.
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Minimum Entry Age
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18 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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65 years
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Minimum Premium
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Rs 15000
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Maximum Premium
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Rs 50000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity the fund value (value of units pertaining to regular premium and top up premium) will be paid.
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Death Benefits
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In case of your unfortunate death during the policy term, your nominee will receive the Sum Assured plus the existing fund value pertaining to regular premiums and the top up premiums (if any).
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Additional Benefits
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Loyalty addition:This product provides loyalty additions at maturity for all policies with annual premium of Rs 10,000 or more, provided all due premiums are paid. The loyalty additions are given as a percentage of fund value pertaining to regular premiums and vary with policy term.
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Partial Withdrawal Benefit
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Partial withdrawals help you meet any sudden financial contingency without having to fully surrender the policy. Partial withdrawals are allowed after 3 policy years and are free of charge. Moreover, the partial withdrawal will not reduce the sum assured under the plan. There are 4 withdrawals allowed in a policy year and the minimum withdrawal amount is Rs 5,000.
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Surrender Benefit
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You have the option to fully surrender the policy during the policy term. The surrender value (as on the date of surrender) will be paid to you after deducting applicable surrender charge (refer charge section) and the policy will terminate. If surrender is made within the first 3 policy years, the surrender value will be paid after completion of 3 policy years. There are no surrender charges, if more than 3 policy years' premiums are 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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You have the option to make lump sum investments through top ups anytime during the policy term, provided all due premiums are paid. There are no premium allocation charges and the entire 100% of top up premium is invested in the selected funds. The Sum Assured does not get impacted by top up premiums. The minimum top up is Rs 1,000 and the total top up amount cannot exceed 25% of the total regular premiums paid till date.
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Ensure high growth on your investment as the entire premium paid every year is invested in the funds chosen by you.
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Continue your policy with all benefits intact, without paying premiums for up to 2 years by opting for Premium Holiday facility, if needed.
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Choose from 3 unit-linked funds - Secure, Balanced and Growth, depending on your investment objectives.
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Enjoy a 3% p.a. investment guarantee (net of fund management charge) in Secure Fund at maturity.
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Balanced Fund (Post 31-July-2006)
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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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Enhancer Fund II (Post 31-Dec-2009)
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Growth Fund (Post 31-July-2006)
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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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Protector Fund II (Post 31-Dec-2009)
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Secure Fund (Post 31-July-2006)
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Particulars
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Range
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Balanced Fund (Post 31-July-2006)
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Government & Other Debt Securities
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50% - 90%
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Equity
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0% - 45%
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Cash & Money Market
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0% - 40%
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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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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 (Post 31-July-2006)
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Government & Other Debt Securities
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0% - 50%
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Equity
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30% - 85%
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Cash & Money Market
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0% - 40%
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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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Secure Fund (Post 31-July-2006)
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Government & Other Debt Securities
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60% - 100%
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Equity
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0% - 20%
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Cash & Money Market
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0% - 40%
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Balanced Fund (Post 31-July-2006)
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17-May-13
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43.573
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Growth Fund (Post 31-July-2006)
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17-May-13
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34.492
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Secure Fund (Post 31-July-2006)
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17-May-13
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19.25
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Balanced Fund (Post 31-July-2006)
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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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Enhancer Fund II (Post 31-Dec-2009)
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Growth Fund (Post 31-July-2006)
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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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Protector Fund II (Post 31-Dec-2009)
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Secure Fund (Post 31-July-2006)
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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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