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Aviva Dhan Nirman is a non-linked & participating life insurance plan that ensures a regular stream of income and lump sum with bonus at the maturity of the policy. This plan helps you grow your savings, safely. It also provides financial protection for the family, in case of an unfortunate event of your death.BUY NOW
In the event of the untimely demise of the life assured during the policy term, death sum assured payable is higher of 105% of the total premiums paid, 10 times of annualized premium, sum assured, or maturity sum assured.
The vested simple reversionary bonuses and terminal bonus (if any), is also payable to the nominee.
In case of survival of the life assured after completion of the premium payment term, survival benefit of 150% of the annual premium is payable on every policy anniversary.
If the life assured survives till end of the policy term, maturity sum assured along with vested simple reversionary bonuses and terminal bonus is payable. The maturity sum assured is 8/7/6/5 times of annual premium for policy term of 18/21/25/30 years, respectively.
Simple Reversionary Bonus is a percentage of the sum assured and once declared, it will become guaranteed. It is payable at death/maturity under the policy. Terminal Bonus is a percentage of the sum assured and it is payable on termination of the policy.
Loan facility is not available under this policy.
Surrender Value can be acquired on payment of all due premiums for at least 2 full policy years. Surrender Value is higher of Special Surrender Value or Guaranteed Surrender Value.
Under this policy, premiums paid is eligible for tax benefits under section 80C and the policy proceeds under section 10 (10D) of the Income Tax Act, 1961.
|Age (as on last birthday)||4 Years||50 Years|
|Age at Maturity||-||75 Years|
|Policy Tenure||18/21/25 Years||30 Years|
|Premium Paying Term||14/15/16/18 Years||-|
|Premium Paying Mode||Annually, Semi Annually, Quarterly & Monthly||-|
|Premium Amount||Rs 14,486||Rs 9,98,000|
|Sum Assured||Rs 2 Lacs||Rs 1 Crore (pre Life)|
|Freelook Period||15 Days||-|
|Grace Period||30 Days (15 Days For Monthly Mode)||-|
No rider(s) is available under this plan.
Mr. Ram, 30 years aged, is a salaried employee who opts for Aviva Dhan Nirman with sum assured of Rs 5 Lacs, policy term of 21 years, annual premium of Rs 44,020 for 15 years.
Scenario I: Mr. Ram survives through the end of the policy term, the maturity benefits payable are as shown below.
Note: The bonus amount is calculated at 4% and 8% assumed investment returns. These rate of investment returns are neither lower or upper limits nor guaranteed. The actual bonus amount depends on a number of factors including future experience of ‘with-profit’ portfolio of the company.
Scenario II: In case of death of Mr. Ram during 12th policy year, the death benefits payable are as shown below.
In case of death of Mr. Ram during 18th policy year, the death benefits payable are as shown below.