AVIVA LIFE SHIELD

This plan will help you to save money for your future years of retirement.

Features:

• It gives you an opportunity to invest in high growth sectors such as PSU, Infrastructure, in addition to the Index-II fund.

• The minimum entry age required is18 years and maximum is 75 years.

• The minimum age at the maturity level is 40 years and maximum is 80 years.

• The minimum term of the policy is 5 years and maximum is 62 years.

• The minimum annual regular premium to be paid is:

• Rs 100,000 for policy term between 5-10 years.
• Rs 18,000 for policy term between 11-19 years.
• Rs 12,000 for policy term more than 20 years.

• The minimum single premium to be paid is Rs.1, 00,000 and there is no maximum limit.

• The premiums can be paid on yearly, half-yearly, quarterly, monthly basis.

• You can increase your premiums through Indexation and Additional Regular Premium.

• The fund options available are:
  • Pension Protector-II.
  • Pension Balanced-II.
  • Pension Growth-II.
  • Pension Index-II.
  • Pension PSU.
  • Pension Infrastructure.

Benefits:

• Get the benefit of loyalty and maturity additions at the end of the term.

• On the date of maturity you get the option to withdraw up to 1/3rd of the maturity value as lump sum and use the balance to purchase annuity from the company itself or any other life insurer.

• You also get maturity additions in the form of percentage of the first year annualised premium.

• In case of your unfortunate death, the nominee of your policy will receive the fund value with a top up premium and also an additional regular premium if any.

• Get tax benefits under the Income Tax Act, 1961.