AVIVA MONEY BACK
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This plan is meant for those who want to receive money at regular intervals. It allows you to accumulate savings along with valuable life cover protection.
Features:
- The term of the policy is 12, 15, 18 or 21 years.
- The premiums can be paid on monthly, quarterly, yearly or half-yearly basis.
- The minimum annual premium to be paid is Rs.5, 000 and maximum amount depends on the sum assured.
- The maximum age at the maturity level is 70 years for all the available terms.
Entry Age conditions 12 year term 15 year term 18 year term 21 year term Minimum age at entry 14 years 13 years 12 years 15 years Minimum age at entry – if ADB Rider is chosen for 18 years 18 years 18 years 18 years Maximum age at entry 58 years 55 years 52 years 49 years Maximum age at entry- if ADB Rider is chosen for (Cover up to age 60 only) 55 years 55 years 52 years 49 years Benefits:
- In case of your unfortunate death, the nominee of your policy will get the full life cover along with vested guaranteed additions and vested Simple Reversionary Bonus.
- In case of your death due to accident and supposing if you have chosen an Accidental Death Benefit Rider, an additional sum assured is paid.
- In case of your survival till the term of the policy, you get a percentage of the life cover depending upon the term of the policy.
- On the date of maturity, 120% of the life cover minus the survival benefits already are paid along with guaranteed additions for the 1st three years of the policy term.
- Tax benefits can be availed as per the Income Tax Act, 1961.
Published on August 4, 2010 · Filed under: Aviva Life Insurance;
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