Aviva Life Insurance on Thursday announced the launch of a personalized non-linked, non-participating savings life insurance plan. The name of this plan is Aviva New Wealth Builder (ANWB). The company said in the statement that this plan gives double benefits of security and investment and gives additional benefits as a guaranteed plan. According to the company, this plan is according to the needs of today’s customers. According to their convenience, they get more choice of premium payment periods, more age for admission and guaranteed returns.
Entry age up to 60 years
The company said that in order to include more people in the safeguard of guaranteed returns, the entry age of Aviv New Wealth Builder has been increased to 60 years. This product helps customers to keep their financial portfolio balanced, as lump sum is guaranteed on maturity. Its other advantage is that for regular pay policies, the amount received at maturity is tax-free.
The main features of Aviva New Wealth Builder are:
- 11 times the annual premium for regular-option and 1.25 times death cover for single-pay option.
- This plan gives an option of additional protection through Add on Accidental Benefit Cover, so that the family can get additional financial protection in the event of an accident.
- Aviva’s new wealth builder also offers an opportunity to fulfill objectives on a variety of occasions in life, with investment periods of 12, 14 and 20 years.
- With this, Aviva helps customers to secure their future by a guaranteed plan as it gives more than double the premium paid over the entire period when the policy is up to maturity for a term of 20 years.
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