We will call you back.
Just share your number for a call back in less than 15 minutes
Aviva Wealth Builder is a non-linked & non-participating insurance plan that helps achieve you/your family’s dreams. This plan pays double the amount of total premium at maturity, not only this; it also provides life cover, so your family is secured even when you are not there.BUY NOW
In the event of death of the life insured during the policy term, the sum assured is payable to the nominee.
Sum Assured (double of the total premiums paid) is payable at maturity of the policy, provided insured survives till maturity and all due premiums are paid.
Loan is not available under this policy.
The Surrender Value payable is higher of Special Surrender Value or Guaranteed Surrender Value. For single premium policy, surrender value is payable anytime during the policy term. For regular premium policy, surrender value is available after payment of all due premiums for at least 2 full policy years.
Premiums paid under section 80C & the policy benefits payable under the policy are eligible for tax benefit under section 10 (10D) of the Income Tax Act, 1961.
|Age (as on last birthday)||5 Years||50 Years|
|Age at Maturity||18 Years (policy Term-13 Years), 20 Years (policy Term-15 Years), 22 Years (policy Term-17 Years)||63 Years (policy Term-13 Years), 65 Years (policy Term-15 Years), 67 Years (policy Term-17 Years)|
|Policy Tenure||13/15 Years||17 Years|
|Premium Paying Term||Single Premium (policy Term-13 Years), 5 Years Pay (policy Term-15 Years), 10 Years Pay (policy Term-17 Years)||-|
|Premium Paying Mode||Single & Annual||-|
|Premium Amount||For Single Premium- Rs 1.5 Lacs, For Regular Premium- Rs 50,000 (annually)||Rs 1 Crore (per Life)|
|Sum Assured||For Single PPT- Rs 3 Lacs, For 5 Years PPT- Rs 5 Lacs, For 10 Years PPT- Rs 10 Lacs||For Single PPT- Rs 2 Crores, For 5 Years PPT- Rs 10 Crores, For 10 Years PPT- Rs 20 Crores|
|Freelook Period||15 Days/30 Days (for Distance Marketing Channel) From The Receipt Of The Policy||-|
|Grace Period||30 Days||-|
No rider(s) is available under this plan.
Mr. Bharat is a salaried professional and at 35 years of age, he opts for Aviva Wealth Builder with policy term of 15 years, paying annual premium of Rs 5 Lacs plus taxes for 5 years.
Case I: If Mr. Bharat survives till the end of the policy term, the maturity benefits payable are as shown below.
Case II: In the event of death of Mr. Bharat, the death benefits payable is as shown below.