POS-Aviva Dhan Suraksha

POS-Aviva Dhan Suraksha

POS-Aviva Dhan Suraksha is a non linked non participating life insurance cum savings oriented plan:

1. Regular payouts to meet short term needs
2. Lump sum benefit to achieve important milestones
3. Provides additional financial support



* Annualized Premium" shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

Easy Steps to your plan
Premium Payment Frequency: Annual only

Step 1: Decide the premium you wish to pay.

Step 2: This will influence the Sum Assured depending upon the age at entry

What am I going to get?

Death Benefit:

(i) In case of Non Accidental Death of Life Insured During Waiting Period: 100% of the Total Premiums paid

Total Premiums paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

(ii) Accidental Death of Life Insured during the Waiting Period OR Death of the Life Insured due to any cause after the expiry of Waiting Period: In case of death of the life insured during the policy term, provided all due premiums till date of death have been paid, the Death Sum Assured will be paid in following manner:

a) 5 Regular annual instalments of "1.5 times of one annualized premium". The first instalment would be paid at the time of death and the remaining 4 annual instalments shall be paid on each of the subsequent death anniversary.

b) A lump sum amount of "7 times of one annualized premium" shall be paid along with the 5th annual instalment
In addition an age related Guaranteed Terminal Benefit will also be payable along with last payout.

"Annualized Premium" shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

Maturity Benefit:

In case the life insured survives till the end of the Policy Term and provided all due premiums have been paid; the Maturity Sum Assured shall be paid in following manner:

(i) 5 regular annual payouts of "1.5 times of one annualized premium" shall be paid at the end of each year during the Payout Period of 5 years, starting from the maturity date

(ii) A lump sum amount of "7 times of one annualized premium" shall be paid along with the 5th instalment.
In addition an age related Guaranteed Terminal Benefit will also be payable along with last payout.

"Annualized Premium" shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

Tax Benefit:

The Policy offers tax benefits as per the prevailing laws of the Income Tax Act, 1961. Tax laws are subject to change.