AVIVA NEW SAVE GUARD

This plan will help you to gain returns on your savings and at the same time will help you to meet all your financial goals and objectives.

Features:

• It helps you to save time as it requires minimum paper work.

• The minimum entry age required is 0 years and maximum is 50 years.

• The term of the policy is 10, 15, 20, 25 or 30 years.

• The minimum age at the maturity level is 18 years and maximum is 70 years.

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

• The minimum annual premium to be paid is Rs.12, 000 and maximum is Rs.3,60, 000 for a 5 times cover and Rs.1,80,000 for a 10 times cover.

• The minimum top-up premium is Rs.1, 000 and maximum is up to 25% of the total regular premiums paid.

• The fund options available are:
o Bond-II.
o Protector-II.
o Balanced-II.
o Growth-II.
o Enhancer-II.
o Infrastructure.
o PSU.
o Index-II Funds.

Benefits:

• At the time of maturity you get guaranteed maturity addition up to 400% of first year annualized premium.

• You also get a Choice of Life Cover (Sum Assured) between 5 times and 10 times of annual premium, subject to a max of Rs 18lakhs.

• In the unfortunate event of your death, the nominee of your policy will receive the amount of Life Cover or Fund Value, whichever is higher.

• If the death occurs in less than 7 years then only the fund value is paid.

• If the death occurs in the first year then 50% of Sum Assured or Fund Value, whichever is higher is paid.

• Tax benefits can be availed as per the prevailing laws under the Income Tax Act, 1961.