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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 Wealth Protect
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Plan Nature
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ULIP
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Plan Category
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Investment Plan
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UIN No.
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122L079V01
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About Plan
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Aviva Wealth Protect is a Non-participating unit-link plan with a NAV-based guarentee on the Maturity Value that has been Specially designed to offer an opportunity to invest into equities with protection against any down side once the NAV is recorded. Safety-net Against Market Volatility:Premium paid by you are invested into a wealth Building Fund on the Rest Dates, which guarentees that the NAV applicable on maturity will not be less than the highest NAV of first 7 years, as recorded on the monthly Reset Dates.
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Minimum Entry Age
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8 years.
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Maximum Entry Age
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65 years.
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Minimum Premium
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Rs.1,25,000 if PPT= single premium,Rs.60,000 if PPT= 3 years or 5 years.
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Maximum Premium
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No Limit.
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Minimum Sum Assured
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Single Premium : 1.25*Single Premium. Regular Premium : 5*Annual Premium.
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Benefits
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| Particulars | Description |
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Maturity Benefits
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If the Policyholder survives till maturity, Aviva pays the Guaranteed Maturity Value or the Fund Value as on the maturity date, whichever is higher, provided all premiums are paid within the grace period, otherwise, Fund Value will be paid on Maturity.
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Death Benefits
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Nominee will receive the amount of life cover or fund value pertaining to regular premiums, whichever is higher. In case of death of the proposer while life insured is a minor, the Fund Value (as at the date of notification of death) shall be payable to the guardian of the life insured and the contract shall be terminated immediately.
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Partial Withdrawal Benefit
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You can withdraw money from your fund without having to fully surrender your policy after completion of first 5 policy years, provided the age of life insured is at least 18 years. You may make up to 4 partial withdrawals in a policy year at the prevailing NAV, with the minimum withdrawal amount being Rs. 5,000.
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Surrender Benefit
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You can surrender the policy after completion of 3 policy years. On surrender, the surrender value (which is the Fund Value less applicable surrender charge) will be paid to you and the policy will terminate. Refer to the policy brochure for details regarding surrender charges.
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Tax Benefits
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| No data for Tax Benefits |
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An opportunity to invest into equities with protection against any downside through Guaranteed Maturity Value (GMV)
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The premiums paid, net of charges, are invested into the Wealth Builder fund on Reset Dates, which guarantees that the NAV applicable on maturity will not be less than the highest NAV of the Wealth Builder Fund over the first 7 years, as recorded on 85 monthly Reset Dates.
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Limited premium payment term with an NAV-based guarantee applicable on Maturity.
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Option to choose level of Sum Assured at inception. Free partial withdrawals after 5 years.
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Liquid Fund II
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Wealth Builder Fund
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Particulars
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Range
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Liquid Fund II
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Debt & Money Market
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0% - 100%
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Wealth Builder Fund
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Debt & Money Market
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0% - 100%
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Equities
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0% - 100%
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Liquid Fund II
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23-May-13
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11.334
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Wealth Builder Fund II
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23-May-13
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11.817
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Liquid Fund II
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Wealth Builder Fund
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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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