AVIVA iGrowth is an individual unit linked, non-participating life insurance plan that is savings oriented.
Aviva i-Growth is an Individual Unit Linked, Non-Participating Life Insurance Plan
In today's fast paced environment it is challenging to save some part of your income and make it work harder. It is imperative that whatever we save reaps us greater benefits. This is essential to ensure a secure future for ourselves as well as our family. At Aviva, we recognize this need and have launched a Unit Linked Insurance Plan - Aviva i-Growth. Aviva i Growth not only makes your money work harder but also provides comprehensive protection for you and your family.
5 reasons you should invest in Aviva i Growth
Minimal Charge Structure
The total effect of charges on your policy could be as low as 1% (excluding mortality)
Flexibility to maximize your returns
Option to choose and switch between 3 funds , as per your risk taking appetite
Flexibility in Payout
Option to chose between 3 policy terms (10,15 & 20years), aligning to your financial goals
Flexibility to meet unexpected expenses through partial withdrawals after 5 years
Protection for your Family
Option to take Life insurance cover equal to 10 or 20 times of the annual premium, as per your protection need
Family gets additional benefit in case of death of Life Insured due to an accident
Hassle free online purchase
Quick issuance basis self declaration of good health
Convenient and quick buying process
Dedicated customer service support through live chat and dedicated toll free number
Benefits That I Will Receive
In case of unfortunate death of the life insured the nominee will receive either the Sum Assured or 105% of the total premiums paid or the Fund Value at the date of notification of death along with Loyalty additions, if any, whichever of these is higher.
In case of accidental death of the Life Insured an amount equal to base sum assured of the policy in addition to death benefit mentioned above is payable, subject to maximum of Rs. 50 Lacs including all policies covering accidental death benefit.
Accident here means a sudden, unforeseen and involuntary event caused by external, visible and violent means.
In the event of death of Life Insured after discontinuance of a policy within lock-in period of first five policy years, the policy will be terminated by paying the Fund value as per the discontinued policy fund to the nominee. .
On survival of the Life Insured till the maturity date, you will receive the Fund Value along with Loyalty additions.
Loyalty Addition: Loyalty addition (as per table below) will be added to the fund value on the last 3 policy anniversaries of your policy, if all premiums are paid till date of respective Loyalty Addition.
These Loyalty additions are added to the units in the various fund(s) in the proportion same as that of the defined regular premium distribution.
Option to reduce Sum Assured:
This option allows you to reduce your Sum Assured after 3 policy years, in case your need for protection decreases because of age or reduction in your liabilities. This facility is available if you have opted for life cover of 20 times the Annual Premium at inception of the policy.
The Sum Assured can be reduced to 10 times the Annual Premium on any policy anniversary by giving a written notice at least 15 days before the policy anniversary.
The premium will not change if this option is exercised.
The Sum Assured once reduced cannot be increased again.
The mortality charges would be deducted based on the reduced sum assured
For detailed Product benefits and features please refer to product key feature document
Easy Steps to Plan
All you need to do is follow these simple steps:
Choose the amount of level of life insurance cover and premium amount as per your protection need
Decide your policy term as per your investment objective
Invest your premium in the choice of three investment fund options