Aviva Dhan Samruddhi Plan

• Guaranteed money back during the policy term
• Guaranteed yearly additions up to 9% of Annualized premium
• Limited premium payment term
• Guaranteed additions to boost your savings
• Rebate for high sum assured
• Flexibility to choose premium amount
• Get Tax Benefit under prevailing tax laws

Death Benefit

In case of the unfortunate event of death of the life insured during the policy term, your nominee will get the death sum assured, which is the highest of:

• 10 times of the annualised premium (excluding service tax, education cess and extra mortality charges)
• 105% of all premiums paid
• Sum assured of the policy plus guaranteed additions accrued till the date of death without deduction

Guaranteed Additions

Guaranteed additions will vary as per the policy term.The guaranteed additions will accrue at the end of each policy year during the policy term.The accrued guaranteed additions are payable either on death or maturity, whichever happens first.

Survival Benefit

Survival benefit is equal to 125% of the annual premium at the end of every 5 years, except for the maturity is payable under this plan as per the policy term opted.For the policy term equal to 10 years, survival benefit is payable after completion of 5^th policy year.For the policy term equal to 15 years, survival benefit is payable after completion of 5^th  and 10^th policy year. For the policy term equal to 20 years, survival benefit is payable after completion of 5^th , 10^th and 15^th policy year.

Maturity Benefit

Maturity benefit is payable on  the survival of the Life Assured till the end of the policy term. Maturity benefit is equal to the Maturity sum assured plus  guaranteed additions till maturity less survival benefits already paid.

Bonus

The plan is not eligible for any bonus as it is a non participating plan.

Loan Benefit

No loan benefit is available under this plan.

Surrender Value

The surrender value payable will be greater of the Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV) provided 2 full years’ premiums have been paid.

Tax Benefit

The plan helps in getting tax benefits under section 80C  and section 10 (10D) of the Income Tax Act,1961.

No Riders are available under this plan.

Let us understand the plan with your example: