AVIVA INDIA LAUNCHES AVIVA SIGNATURE GUARANTEED INCOME PLAN
A comprehensive solution for long-term
wealth building while saving tax and guaranteeing an income stream in the long
term ~
New Delhi, 17 February 2023: Aviva Life Insurance, India’s most trusted private life
insurance company, announced the launch of the Aviva Signature Guaranteed Income Plan.
The non-linked, non-participating savings life insurance plan is designed to
provide customers with a comprehensive solution to help them build long-term
wealth while saving tax, and guaranteeing a steady income stream in the long
run.
The plan is crafted keeping in mind the financial needs of individuals
across all stages of their lives, starting from young singles and couples, to
parents with young and grown-up children, couples nearing retirement, or
already retired individuals and offers four distinct options:
Signature Moneymaker provides customers with guaranteed income annually from the second
policy anniversary till the policy matures along with a lump sum at maturity so
that they can enjoy tax benefits on premium payment and income payouts.
Signature Investor offers
customers a lump sum payment on survival of the life insured till maturity to
fulfil their long-term goals.
Signature Builder allows
customers to receive guaranteed income over a payout period, with the
guaranteed income beginning from one year after the end of the policy term to
have a steady stream of income after the deferment period.
Lastly, Signature Saver pays out guaranteed income
annually from one year after the end of the premium payment term till policy
maturity for customers who require a guaranteed stream of income to fulfill
child education or retirement goals.
Aviva Signature Guaranteed Income Plan offers up to three times guaranteed returns on total premiums
and provides customers with tax-efficient early and deferred income options.
Additionally, customers can expect loyalty additions, guaranteed maturity
additions, and zero alteration charges for frequency changes. Furthermore, it
has 26 policy and premium paying term variants, allowing customers to choose
the option that best suits their financial needs.
Mr. Vinit Kapahi, Head of Marketing, said, “Our new Aviva Signature Guaranteed Income Plan aims to meet the
diverse financial needs of policyholders at different phases of their lives. The
plan will enable guaranteed, tax-free, long-term, risk-free wealth accumulation
and income in a single offering, providing peace of mind and financial security.
With four variants to choose from and a range of premium and policy term
options, we aim to empower a wide range of customers to achieve their financial
goals with confidence and peace of mind.”
Key
highlights of the Aviva Signature Guaranteed Income Plan are:
·
Up to three times of
Guaranteed Returns on Total Premiums# Paid
·
Tax Efficient Early Income
·
Tax Efficient Deferred Income
·
Tax free Lump Sum
·
Loyalty Additions, Guaranteed
Maturity Additions
·
Range of Premium Paying Term
and Policy Term Variants – 26 in all
·
Zero Alteration Charges for
Frequency Change
·
Dual Tax Benefits
# excluding the taxes, underwriting extra premiums, and loadings for modal premiums, if any
About Aviva Life Insurance:
Aviva Life Insurance Company India Limited is a joint venture between
Dabur Invest Corp and Aviva International Holdings Limited, a UK-based
insurance group whose association with India goes back to 1834. By choosing
Aviva Life Insurance, you benefit from the management experience of one of the
world’s oldest insurance groups, with a history dating back to 1696.
Website:www.avivaindia.com