AVIVA NEW PENSION ELITE

This plan will help you to secure your family’s future in your absence and will also help you to maintain your family’s standard of living in your retirement days.

Features:

• The minimum entry age required is18 years and maximum is 70 years with the term riders.

• The term of the policy is 10 – 30 years.

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

• The minimum annual premium is Rs.50, 000 and there is no maximum limit.

• The premium payment term is equal to the term of the policy.

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

• The minimum top-up premium is Rs.1, 000 and there is no maximum limit.

• The fund options available are:

• Pension protector-II.
• Pension Balanced-II.
• Pension Growth-II.
• Pension Index-II.
• Pension PSU.
• Pension Infrastructure.

• Opportunity to invest in high growth sectors such as PSU, Infrastructure, in addition to the Index-II fund.

Benefits:

• In case of your unfortunate death, the nominee of your policy will receive the fund value pertaining to regular premiums along with top-up premiums (if any) plus the Aviva Term Rider Sum Assured.

• At the time of maturity you can withdraw up to 1/3^rd of the maturity value as lump sum use the balance to purchase annuity from the company itself or any other life insurer.

• It also gives you loyalty bonuses as percentage of first year annualized premium and is paid at the end of 10th policy anniversary and every subsequent 5th policy anniversary, except at maturity, if the policy term is 15 years.

• You also get maturity additions between 25% – 130% of the of first year annualized premium, depending on the amount of first year annualized premium.

• In case of your death you are also provided with the option of term rider.

• Flexibility to change the maturity date, during the policy term.

• It helps you to minimize the risk of market ups and downs with the investment options available such as AAA and STP option of 6 unit linked funds.

• You can avail the tax benefits under the Income Tax Act, 1961.