AVIVA LIFE INSURANCE

Aviva India is a joint venture between one of the country’s oldest and largest groups,
Dabur, and Aviva plc, the UK's largest insurance group, whose association with India dates
back to 1834.

Our vision is to be amongst India’s leading life insurers with a quality business model,
focused on sustainable growth. We seek to build a robust product portfolio meeting all
customer lifecycle needs related to – Savings, Retirement, Investments and Protection.

With a strong sales force of over 20,000 Financial Planning Advisers (FPAs), we have
initiated and pioneered many innovative sales approaches, including the concept of
Bancassurance and Financial Health Check services. We are among the first companies to
introduce the contemporary unit-linked products.

A seasoned team of fund managers make our fund management one of the key
differentiators. With a wide distribution network of 159 branches and close to 40
Bancassurance partnerships, we are spread across nearly 3,000 towns and cities in India.

Keeping with our commitment of social responsibility, we have been successful in reaching
out to the underprivileged strata through our Microinsurance initiatives.

Aviva mainly have two major kind of products:

1. Aviva Individual Products

2. Aviva Group Products
 Aviva Individual Products

I. CHILD PLANS

1. Aviva Young Scholar Advantage

Type of the Policy

Aviva Young Scholar Advantage is a non-participating unit-linked Regular Premium payment

plan that has been specially designed keeping in mind your specific needs as a parent. As
parents, you are fully aware of the importance of good education. Good education helps greatly
in paving the way for a young person in the adult world. Unfortunately, the cost of quality
education, particularly higher education, can be burdensome. So you need to plan ahead for your
child's future. This plan enables you to create wealth that your child will require for important
milestones in her life and also ensures that the same is made available to her even if you are not
around.

The specially designed benefit structure of this product offers you complete protection against
contingencies like death, critical illness and disability. All these benefits come to you with a
simple and competitive charging structure which ensures that you get the best-in-class
investment returns.

Sum Assured

Minimum Sum Assured:

For (Policy Term)PT=(Premium Policy Term)PPT: 1.05 x Policy Term x Annual Premium

For PPT=5:0.5 x Policy Term x Annual Premium or 10 x Annual Premium, whichever is higher
Maximum Sum Assured: For PT=PPT: For Age up to 45 years: 2.5 x Policy Term x Annual
Premium

For Age above 45 years: 1.5 x Policy Term x Annual Premium

For PPT=5:0.5 x Policy Term x Annual Premium or 10 x Annual Premium, whichever is higher

Term of the Policy

10-25 years, subject to maximum maturity age of 70 years.

Age Restrictions

Parent (Life Insured): 21 - 50 years

Child (Nominee (Beneficiary)): 0-17 years

Riders

Aviva Child Education (CE) Rider Comprehensive Health Benefit (CHB) Rider Aviva Term
Plus Rider

Rider Coverage term

Aviva Child Education Rider Policy Term or age 70, whichever is earlier
Comprehensive Health Benefit Rider Policy Term or age 60, whichever is earlier
Aviva Term Plus Rider Premium Payment Term or age 70, whichever is
earlier

Death Benefits

Death Benefit

In case of unfortunate death of life insured during the term of the policy and subject to the
condition that all due premiums have been paid:

- Base Sum Assured will be paid immediately along with the Top-up Sum Assured, if any.

- All the future premiums excluding Rider Premium, if any, will be waived and paid (as a
lump-sum) into your fund. The lump-sum will be invested in various funds in the same allocation
proportion as was prevailing before the date of notification of your death.

2. Aviva Young Scholar Secure

Type of the Policy

Education is the greatest insurance, and every parent strives to guarantee it for their child. For a
good education, it becomes essential to build a sound corpus especially with the rising education
costs. Aviva Young Scholar Secure is an insurance plan designed to provide annual cash flows to
meet educational expenses as the child grows. It also pays out lump-sums at important education
milestones for college education and higher education.

Sum Assured

Based on age of the parent, age of the child and premium option.

Term of the Policy

Parent: 21-50 years and Child: 0-12 years (last birthday)

21 minus age at entry of the child

Age Restrictions

Parent [Life Insured]: 21 to 50 years last birthday Child [Nominee (Beneficiary)]: 0 to 12 years
last birthday

Riders

- Accidental Death Benefit (ADB) Rider

- Aviva Term Plus Rider (additional death benefit)

- Aviva Dread Disease Rider (critical illness and permanent total disability cover)

Rider Coverage Term

ADB Rider Premium Payment Term of base plan or age 60,
whichever is earlier
Aviva Term Plus Rider Premium Payment Term of base plan or age 70,
whichever is earlier
Aviva Dread Disease (DD) Rider Premium Payment Term of base plan or age 65,
whichever is earlier

Survival/Maturity Benefits

This plan provides guaranteed Tuition fee support, College Admission Fund and Higher
Education Reserve irrespective of you being there or not.

Death Benefits

Upon death, Life cover is paid to the nominee (beneficiary) and the policy continues with all
benefits intact. Any installment already paid by us will not be deducted from the death benefit.

All future installments of Tuition Fee Support, College Admission Fund & Higher Education
Reserve will be paid on the scheduled dates

Additional benefits as detailed below will also be paid if the corresponding riders are opted for:

– Aviva Term plus rider Sum Assured is also payable on death if this rider has been opted for

– An additional sum equal to ADB Rider Sum Assured would be payable, if ADB Rider has been
opted and death is due to an accident.

– Aviva Dread Diseases rider Sum Assured is paid on contracting any of the 18 critical illnesses
covered or on suffering Permanent Total Disability (PTD) due to illness or accident, while the
policy continues with Death Benefit intact.

The said benefits are applicable only if the policy is inforce as on date of eventuality.

II.SAVINGS
1.Aviva Freedom Life Advantage

Type of the Policy

Different individuals have different needs, which change over time. Aviva recognizes this and
offers you a plan that provides solutions for all your financial goals, be it saving for your child,
planning for that dream home or providing for your retirement. We recognize that you need the
right combination of protection and savings which may change during different stages of your
lifetime. Aviva Freedom Life Advantage provides you the flexibility to change your plan as per
your changing needs.

Sum Assured

For PPT=5 years

10 x Annual Premium or 0.5 x PT x Annual Premium, whichever is higher ForPPT = PT

Minimum:1.05xPTxAnnual Premium Maximum: 2.5 x PT x Annual Premium

Term of the Policy

15 to 30 years (maximum age at maturity 75 years)

Age Restrictions

2 to 60 years for single life and 18 to 60 years for joint life; (18-55 years and 18-50 years
respectively for single life and joint life with riders). 

 For Joint Life option, both the Life Assureds must be 18 years of age.

Riders
On life of Insured:

Aviva Dread Disease (DD) Rider

Aviva Term Plus Rider

Survival/Maturity Benefits

 On maturity, the Fund Value pertaining to both regular premiums and top-up premiums
will be paid to the policyholder along with accrued Loyalty Additions, if any as on the
maturity date. 
 Settlement option – This allows you to keep the money invested in the fund even after
maturity and enables you to receive the same systematically over a period of 1 to 5 years.
You can opt for this option at maturity.

Death Benefits

 In the unfortunate event of your death, the amount of Life Cover or Fund Value,
whichever is higher, shall be payable to the nominee along with accrued Loyalty Additions
(if any)
 Life Cover or Fund Value, whichever is higher, pertaining to top-up premiums, if any,
shall also be payable
 In case of death due to an accident between age 18 to 60, an additional amount under
the in-built Accidental Dealth cover shall also be paid.
2.Aviva Sachin Extra Cover Advantage

Type of the Policy

Aviva Sachin Extra Cover Advantage is a non-participating unit-linked insurance plan that has
been specially designed to offer a simple and convenient solution to your long-term saving
needs. It is designed to help you save for important milestones like your child's education,
marriage, building a house and even creating a retirement fund. It also provides financial
protection for your dependents in the unfortunate event of your death. The plan offers an
investment opportunity as well as life insurance, without requiring you to undergo any medical
examinations.

Sum Assured

Fixed for all policies as a multiple of Annual Premium.

Term of the Policy

20 Years

Age Restrictions

 Entry age: 18-50 years

 Maturity age: 38-70 years

Survival/Maturity Benefits

On maturity the fund value along with loyalty addition will be paid.

Death Benefits

 Nominee will receive the Life Cover in-force in the policy year of death or fund value,
whichever is higher.
 In case of death due to an accident before age 60, an additional amount under the in-
built Accidental Death benefit shall also be paid.
3.Aviva LifeBond Advantage

Type of the Policy

Aviva LifeBond Advantage is a non-participating unit-linked insurance plan that offers you an
opportunity to invest a lump-sum amount for medium to long-term, while allowing you to access
your money anytime after 5 policy years.

Sum Assured

Option A: 1.25 x Single Premium

Option B: 5 x Single Premium

Term of the Policy

10 to 73 years

Subject to maximum age of 75 of Life Insured at maturity

Age Restrictions

Entry age: 02-65 years

Survival/Maturity Benefits

 On maturity, you can either take out the fund value and terminate the policy or opt for
Settlement option.

 Settlement option – This allows you to keep the money invested in the fund even after
maturity and enables you to receive the same systematically over a period of 1 to 5 years.
You can opt for this option at maturity.

Death Benefits
 In the unfortunate event of your death, Life Cover or the value of units pertaining to
single premium, whichever is higher, is payable along with accumulate Loyalty additions (if
any ).
 Life Cover or the Fund Value pertaining to top-up premium, whichever is higher, shall
also be payable .

4.Aviva Dhan Varsha

Type of the Policy

As you move forward in life, your own financial requirements and those of your family keep
increasing, thus making it important that your wealth keeps growing to secure your future.
However, in times of volatility, there is a risk of your wealth not keeping pace with your needs.
It is at such times that you need the security of guaranteed growth to help you achieve your
financial objectives.

Aviva Dhan Varsha is a traditional investment-cum-protection plan specially designed for

individuals with a need for higher savings along with the security of life protection. This plan not
only gives you Guaranteed Additions to keep your wealth growing but also provides you with
protection options to secure your family's future in case of your unfortunate death. Apart from
giving you guaranteed benefits, this plan does not require you to pay any premiums during the
last five policy years except where the Policy Term is five years. Available with different rider
options, Aviva Dhan Varsha ensures your wealth grows while protecting your family's future
too!

Sum Assured

Minimum: Depends upon Minimum Premium

Maximum: No Limit, subject to underwriting

Term of the Policy

5,10,15 or 20 years

Age Restrictions

 Entry age: 08 to 60 years – without rider, 18 to 55 years – with rider

 Maturity age: 18 to 70 years

Riders

 Accidental Death Benefit (ADB) rider and Aviva Term Plus rider

Survival/Maturity Benefits

Survival Benefit:

 You will receive a lump sum amount equal to sum of all accrued Guaranteed Additions
on survival till the end of the Premium Paying Term

Maturity Benefit:

 Life Cover will be paid on maturity of the policy, provided all due premiums are paid

Death Benefits

 Life Cover along with the accrued Guaranteed Additions, if not already paid, is paid to
the nominee. 
Additional benefits as detailed below will also be payable:

1. An additional amount equal to Aviva Term Plus Rider Sum Assured, if the rider
is opted
2. An additional amount equal to Aviva Death Benefit Rider Sum Assured, if the
rider is opted and the death is because of an accident
5.Aviva Dhan Vridhi

Type of the Policy

Financial planning is an integral part of our life to meet our own goals, besides meeting the
financial necessities of our loved ones. Aviva Dhan Vriddhi provides the necessary platform to
make regular savings, get periodical returns out of your savings and also provide an insurance
cover that protects your family financially, in case of your early demise.

Aviva Dhan Vriddhi is an ideal savings cum protection policy that helps you save and gives back
tax-free lump sum payments combined with a valuable life cover. This is a non-participating
policy. In addition, you may opt for the Accidental Death Benefit (ADB) rider and your loved
ones will get additional financial protection in case of your accidental death.

Sum Assured

Minimum Rs. 50,000 and thereafter in multiples of Rs. 10,000; no limit on maximum

Term of the Policy

10 to 25 years; maximum age at maturity is 70 years (65 years in case ADB rider is opted for)

Age Restrictions

Entry Age: 13 to 55 years (last birthday); in case the ADB rider is opted for, then the minimum
and maximum entry age is 18 and 50 years respectively

Riders
Accidental Death Benefit (ADB) rider, Aviva Child Education rider, Aviva Dread
Disease rider, Aviva Health Guard rider, Aviva Term Plus rider.

Survival/Maturity Benefits

Survival Benefit:

 You will get a periodic payment equal to 20% of the life cover on 5th, 10th and 15th
policy anniversaries, provided these due dates fall within the chosen policy term.

Maturity Benefit:

 Life Cover minus the survival benefits already disbursed will be paid in addition to the
accrued Guaranteed Additions.

Death Benefits

Upon death, Life Cover, along with the accrued Guaranteed Additions is paid to the nominee.

Additional benefits as detailed below will also be paid if the corresponding riders are opted for:

-  Regular income for the remaining policy term if the Aviva Child Education rider is opted for.

-  Aviva Term plus rider Sum Assured is also payable if this rider has been opted for.

-  In case of death due to accident, an additional amount equal to ADB rider Sum Assured will be
paid if ADB rider has been opted for.

6.Aviva Money Back

Type of the Policy

Financial planning is an integral part of our life to meet one's own requirements, besides meeting
the necessities of our loved ones. Aviva Money Back provides you the necessary platform to
make regular savings, get periodical returns out of the savings and also provides insurance cover
that protects your family in case of your early death.

Aviva Money Back is a non-linked, with profits endowment type traditional plan with
Guaranteed Addition (GA) for the first three years. It is a participating policy, wherein the policy
participates in the profits of the company from the fourth policy year. In addition, the policy also
provides a Terminal Bonus (TB), if any, at maturity depending on the experience of the
company.

An ideal savings cum protection policy that allows you to accumulate savings and gives back
tax-free lump sum benefits during the policy term combined with valuable life cover protection.
In addition you may opt for Accidental Death Benefit (ADB) rider and have additional protection
in the unfortunate event of accidental death.

Sum Assured

For the first three policy years, a simple Guaranteed Addition of Rs.40 per Rs.1000 Sum Assured
(SA) accrues for each completed year. From the fourth policy year onwards, the policy
participates for Simple Reversionary Bonus (SRB), which is declared every year based on the
company's experience. The Simple Reversionary Bonus once declared stands attached to the
policy benefits and is payable only at the time of death, surrender or maturity claim.

Age Restrictions

Eligibility:
Maximum age at maturity is 70 years for all terms.

Entry Age conditions 12 year 15 year 18 year 21 year

term term term term
Minimum age at entry 14 years 13 years 12 years 15 years
Minimum age at entry - if ADB Rider is 18 years 18 years 18 years 18 years
chosen for
Maximum age at entry 58 years 55 years 52 years 49 years
Maximum age at entry- if ADB Rider is 55 years 55 years 52 years 49 years
chosen for (Cover up to age 60 only)

Term of the Policy

12, 15, 18 or 21years

Riders

Accidental Death Benefit rider (ADB)

Survival/Maturity Benefits

Survival Benefit:

 A percentage of Life Cover depending on policy term at the end of pre defined years
will be paid.

Maturity Benefit:

 On maturity, 120% of Life Cover less the survival benefits already paid will be payable
along with the Guaranteed Additions of the first three policy years and vested Simple
Reversionary Bonuses declared from year four.

Death Benefits

 Full Life Cover along with the vested Guaranteed Additions and vested Simple
Reversionary Bonuses will be paid to the nominee. In case of death due to accident and
ADB rider being opted for, an additional Sum Assured will be paid.

7.Aviva LifeSaver Advantage

Type of the Policy

Aviva LifeSaver Advantage is a non-participating Unit-linked endowment plan designed to meet

future savings requirements for you and your family, while also offering a higher life cover. The
plan offers full Sum Assured in addition to the Fund Value as Death Benefit in case of your
unfortunate death, thereby providing greater financial protection to your family. In addition you
can opt for the "Systematic Transfer Plan to average the risk of investing into equities.

Sum Assured

Minimum: 1.05 x PT x Annual Premium Maximum: 1.50 x PT x Annual Premium

Term of the Policy

15, 20, 25 and 30 years (Maturity age between 18 to 75 years)

Age Restrictions

2 to 60 years (18 to 55 years with riders)

Riders

Aviva Child Education (CE) Rider and Aviva Dread Disease (DD) Rider

Survival/Maturity Benefits

On maturity, the Fund Value pertaining to regular premiums and top-up premiums, if any will be
payable.

Death Benefits

 In the unfortunate event of your death, the amount of Life Cover plus Fund Value
pertaining to regular premium shall be payable to the nominee
 Life Cover plus Fund Value pertaining to top-up premiums, if any, shall also be payable
 In case of death due to an accident between age 18 to 60, an additional amount under
the in-built Accidental Death cover shall also be paid

III.RETIREMENT

1.Aviva Pension Builder

Type of the Policy

Aviva Pension Builder - A plan to build a guaranteed lump sum so you can enjoy your retirement
years

You want to retain your lifestyle throughout your life and hence it is important that you have a
regular income stream even after retirement. At Aviva, we realize this need of yours' and hence
we present Aviva Pension Builder to help you build a lump sum through a regular or onetime
investment so that you get uninterrupted income for your golden years post retirement.

This plan is a unique combination of built-in guarantee to protect your retired life along with the
financial support for your family in case you are not around.

Sum Assured

Minimum sum assured: Rs 1 lakh; Maximum: no limit

Term of the Policy

10-40 years, subject to a minimum and maximum maturity age of 40-75 years.

Age Restrictions

Entry Age: 18 to 60 years(last birthday)

Survival/Maturity Benefits

Attractive returns through Sum Assured, vested guaranteed additions and Simple Reversionary
Bonus together with Terminal Bonus, if any. You have the option to take back up to one third of
the maturity claim as a tax-free lump sum and use the balance to purchase annuity from Aviva
Life Insurance Company or from any other life insurance companies registered with IRDA.

Death Benefits

Nominee receives the entire Maturity Value, along with the vested guaranteed additions and
Simple Reversionary Bonuses. The amount can either be paid as a lump sum or used to purchase
annuity.

2.Aviva Secure Pension

Type of the Policy

During the active earning period, one has access to regular flow of money to run the family and
lead life with the desired standard of living. Once this access to regular flow of money breaks
upon reaching retirement, it becomes difficult to maintain the same way of life. Retirement
planning has, therefore, become an important part of everyone's life. The average retired life has
increased due to improvement in longevity and medical advancement. Under such
circumstances, it becomes essential to plan for regular savings during the active earning period
and to use the saved corpus to secure regular income upon retirement. Secure Pension provides
the necessary platform to make regular savings and ensure pension during the retired life. Secure
Pension is a non-linked "With Profits" endowment type traditional plan with Guaranteed
Addition for the first three years. This is a participating policy and the policy participates in
profits of the company from the fourth policy year. In addition, the policy also provides a
"Terminal Bonus", if any, at maturity depending on the experience of the company.

Sum Assured
Minimum sum assured: Rs 1 lakh; Maximum: no limit

Term of the Policy

10-40 years, subject to a minimum and maximum maturity age of 40-75 years.

Age Restrictions

Entry Age: 18 to 60 years(last birthday)

Survival/Maturity Benefits

Attractive returns through Sum Assured, vested guaranteed additions and Simple Reversionary
Bonus together with Terminal Bonus, if any. You have the option to take back up to one third of
the maturity claim as a tax-free lump sum and use the balance to purchase annuity from Aviva
Life Insurance Company or from any other life insurance companies registered with IRDA.

Death Benefits

Nominee receives the entire Maturity Value, along with the vested guaranteed additions and
Simple Reversionary Bonuses. The amount can either be paid as a lump sum or used to purchase
annuity.

IV.PROTECTION

1.Aviva LifeShield Plus

Type of the Policy

Aviva LifeShield plus provides comprehensive protection for your family at a nominal cost
through:
 Payment of Life Cover (Sum Assured) to your family in the event of your death, with a
provision of double the Life Cover in the case of an accidental death.
 Immediate payment of the Life Cover in the case of critical illness or permanent total
disability, while life cover continues till the policy term
 Most competitive rates

Sum Assured

Rs 10 lakh

Term of the Policy

18-55 years (Maximum age at the expiry of the policy is 65 years)

Age Restrictions

18-55 years (Maximum age at the expiry of the policy is 65 years)

Riders

 Aviva Dread Disease (DD) Rider and Accidental Death Benefit (ADB) Rider

Survival/Maturity Benefits

Immediate payment of the Life Cover in the case of critical illness or permanent total disability,
while life cover continues till the policy term, if you have opted for Aviva Dread Disease rider

Death Benefits

Payment of Life Cover (Sum Assured) to your family in the event of your death, with a provision
of double the Life Cover in the case of an accidental death, if you have opted for Accidental
Death Benefit rider.
2.Aviva LifeShield Advantage

Type of the Policy

The prosperity and well being of your family comes first and to ensure it remains like that
forever, Aviva brings to you the Aviva LifeShield Advantage Plan. With this plan you can now
protect your family in case you are not around, at a very nominal cost. What's more, all the
money invested by you towards the policy as premium will be returned to you on your survival
at the end of the Policy Term.

Aviva LifeShield Advantage also allows you to choose from options that provide enhanced
protection against disability or critical illnesses.

Sum Assured

Rs 2 lacs

Term of the Policy

10 years to 30 years

Age Restrictions

Entry age: 18-55 years (Maximum age at the expiry of the policy is 65 years)

Riders

Aviva Dread Disease (DD) Rider (with Option A, Regular Premium)

Survival/Maturity Benefits

Maturity Benefit under this plan (both options) is Return of Premiums paid excluding rider
premium, taxes and extra premium, if any, paid. There is no interest paid on the sum of
premiums.

Death Benefits
Option A: Life protection

 Death Benefit: In the unfortunate event of your death during the Policy Term, provided
that all the due premiums are paid till death, the Sum Assured is paid to your nominee and
the policy terminates

Option B: Life-cum-disability protection along with Return of Premium

 Death/PTD Benefit - In the unfortunate event of your death or suffering from

Permanent Total Disability (PTD) due to an accident, whichever is earlier during the Policy
Term, provided that all the due premiums are paid till death, the Sum Assured along with
the sum of all premiums paid till date of notification of death (excluding extra premiums,
taxes and rider premiums, if any), will be paid and the policy terminates.

3.Aviva Life Shield Platinum

Type of the Policy

Aviva presents Aviva LifeShield Platinum - a unique protection plan that offers you the
flexibility to pick the protection option that suits your need. Be it cover for your property loan,
pure protection that provides your family a lump-sum or a regular stream of income for your
family in case you are not around. So choose the option that is most suitable to you and secure
your family's future today.

Sum Assured

Minimum Rs 50,00,000, maximum no limit subject to underwriting

Term of the Policy

10 to 52 years, subject to the maximum maturity age of 70 years

60 years with Accidental Death Benefit Rider

65 years with Aviva Dread Disease Rider

Age Restrictions

18-60 years, 55 years with Aviva Dread Diseases Rider, 50 years with Accidental Death Benefit
Rider

Riders

 Accidental Death Benefit and Aviva Dread Disease(DD) Rider (offered to non-smokers only).

Survival/Maturity Benefits

This is a pure insurance product and hence there is no maturity benefit payable under this plan

Death Benefits

 Option A: Life Protection.

The Sum Assured is paid out to the nominee as a lump-sum in case of your unfortunate death. In
case you have opted for ADB Rider, the rider Sum Assured is paid out additionally in case of
death by accident.

 Option B: Income Replacement.

The nominee will receive monthly benefit amount chosen at inception till the end of the policy
term, this amount increases by 5% p.a. compounded annually from the very first year of the
policy to beat inflation

 Option C: Loan Protection.

Under this option, the Sum Assured (SA) reduces uniformly over the Policy Term and the
applicable Sum Assured as on the year of unfortunate death is paid to the nominee.

V.HEALTH

1.Aviva Health Plus

Type of the Policy

Health Plus is a health cum savings plan that provides a cover on life, accidents, critical illnesses,
disabilities, surgery and hospitalization, while guaranteeing the return of a part of the premium
on maturity through:

 Provision of a Life Cover (Sum Assured) on death

 Additional protection against accidental death and disability
 Coverage against Total Permanent Disability due to sickness
 Coverage against 18 critical illnesses
 Protection against 37 major surgeries
 Cash payout in case of Hospitalisation
 Guaranteed maturity benefit, even if all health benefits have been claimed

Sum Assured

Rs 150,000 (for AP= Rs 15,000) and Rs 350,000 (for AP= Rs 35,000)

Term of the Policy

10 years (maximum age at maturity is 65 years)

Age Restrictions
18 to 55 years (last birthday)

Survival/Maturity Benefits

Full life cover is payable, irrespective of the health benefits already paid. The policy stands
terminated after the death benefit is paid.

 Health Benefits:
 Accidental Death and Disability Benefit (ADD)
 Sickness-only Total Permanent Disability (STPD)
 Critical Illness (CI) benefit
 Surgical Cash benefit (SCB)
 Hospital Cash benefit (HCB)

Death Benefits

Full life cover is payable, irrespective of the health benefits already paid. The policy stands
terminated after the death benefit is paid.

VI.RURAL

1.Aviva Amar Suraksha

Type of the Policy

Aviva Amar Suraksha is an ideal protection plan that helps you secure your family's future
through:

 A guaranteed lump sum amount in the unfortunate event of your death

 Minimal annual premium of Rs. 500.
Sum Assured

Minimum Sum Assured is Rs. 20,000 and Maximum Sum Assured is Rs 1, 00,000.

Term of the Policy

5, 10, 15 0r 20 years, subject to the maximum maturity age of 50 years

Age Restrictions

18 to 45 years

Survival/Maturity Benefits

On survival, the entire premium amount is paid to you without interest.

Death Benefits

In the unfortunate event of your death, the sum insured will be paid to the nominee.

2.Aviva Jana Suraksha

Type of the Policy

Aviva Jana Suraksha provides comprehensive financial protection for your children/dependants

through:

 Low cost life insurance

 Guaranteed lump sum amount in case of your death during the term of the policy.

Sum Assured

Minimum life cover (Sum Assured) is Rs. 20,000 and Maximum is Rs 50,000.
Term of the Policy

 5 or 10 years, subject to the maximum maturity age of 50 or 55 years respectively

Age Restrictions

18 to 45 years

Death Benefits

In the event of your death, sum assured will be paid to the nominee. Double the Life Cover will
be paid in the case of an accidental death.

3.Aviva Gramin Suraksha

Type of the Policy

Aviva Grameen Suraksha is an ideal low cost solution to help you protect your loved ones
through:

 Payment of Sum Assured to your family in the event of your death

 Premium payment for 2 years and benefits for full the policy term

Sum Assured

Minimum life cover (Sum Assured) is Rs. 5,000 and Maximum is Rs 50,000 (in multiples of
Rs.5000 only).

Term of the Policy

5 or 10 years

Age Restrictions
 18 to 45 years

Death Benefits

In the event of your death, payment of Sum Assured to your family.

4.Aviva Anmol Suraksha

Type of the Policy

Aviva Anmol Suraksha is a comprehensive fixed term plan with protection cum savings, through

 A guaranteed addition of 6.5% on your life cover every year

 Increase in the value of investment with no downside

Sum Assured

Minimum life cover (Sum Assured) is Rs. 10,000.

Term of the Policy

 5, 10, 15 or 20 years, subject to the maximum maturity age as 60 years

Age Restrictions

18 to 45 years

Survival/Maturity Benefits

Upon maturity, Life Cover plus guaranteed additions @Rs. 65 per thousand sum assured for each
completed policy year will be paid.

Death Benefits
Life Cover will be paid to the nominee along with the guaranteed additions @Rs. 65/- per
thousand of sum assured for each completed policy year.

Aviva Group Products

I.TERM

1. Aviva Corporate Life Plus 

Type of the Policy

Aviva Corporate Life Plus provides life cover for the employees/members of an organization and
financially protects their families through

 Life cover for employees.

 Additional cover for accidental death and permanent disability.
 Provide protection with minimum medical formalities.

Term of the Policy

1 year; renewable every year

Age Restrictions

18 to 69 years (last birthday)

Riders
Group Permanent Total Disability (PTD) Rider, Group Double Accident Benefit (DAB)
Death Benefits

Payment of Life Cover (Sum Assured) to the nominee of the employee in the event of the
member’s death, with a provision of double the sum assured in the case of an accidental death.
Immediate payment of the Life Cover in the case of permanent total disability if PTD rider has
been opted for and the life cover will cease.

II.EDLI

1. Aviva Corporate Shield Plus  

Type of the Policy

Aviva Corporate Shield Plus  is a term plan in lieu of employee/members deposit linked
insurance designed primarily for corporates through:

 Compensation for the financial loss to family members / dependants arising due to the
death of an employee of the organization.
 Providing protection with minimum formalities.

Term of the Policy

1 year; renewable every year

Age Restrictions

18 to 69 years

Death Benefits

Payment of Life Cover (Sum Assured) to the nominee of the member in the event of normal
death. Double of the Sum Assured in case of death due to accident if DAB rider is also opted for.
III.GRATUTY

Type of the Policy

Aviva Traditional Group Gratuity Plan aims to provide:

 A lump sum benefit to the employees or their dependants

 Tax benefits to the employer in respect of initial contribution & regular contribution
 Interest declared will be exempt from income tax
 Protection against the risk of death
 The option of making or transferring the past service contributions

Sum Assured

Minimum: Rs 1,000 per employee Maximum: Rs 5 Crore per employee

Term of the Policy

Minimum contribution: Rs 1 lakh at inception. Master Policyholder can pay contributions in

respect of past service gratuity liability in up to five easy annual installments

Age Restrictions

Any employee of an organization between 18 and 69 years of age is eligible for this plan
Death Benefits

Payment of Life Cover (Sum Assured) to the nominee of the employee in the event of the
member’s death

Reference:

http://www.avivaindia.com/ (last accessed on 09/04/11)

Insurance Products
Assignment -02

Aviva life insurance

Submitted to:

Mr. Santosh Shanbhag

Faculty MBA Dept

AIMIT

Submission Date:11-04-2011
Submitted by:

Chandana S

Basavaraja K J

Royson