Aviva Life Insurance Life Saver Plus – A ULIP Plan

Aviva Life Insurance Life Saver Plus A ULIP Plan

LifeSaver Plus offered by Aviva Life Insurance is a non participating ulip plan with high life cover. New LifeSaver Plus is a saving plan which assures you that it will give your family members higher level of financial protection even in case of your absence. Aviva New LifeSaver Plus, A Life Insurance Product, is a long terms savings plan with changing needs.

Here are the Funds that are available in this plan - Bond-II, Protector-II, Balanced-II, Growth-II, Enhancer-II, Infrastructure, PSU, and Index-II Funds, STP.

Eligibility Criteria for Aviva Life Insurance New LifeSaver Plus:

Entry Age Actual Minimum Age limit is 0 years and Maximum age limit is 60 years, but if you take this with riders than minimum age limit will be 18 years and maximum age limit will be 55 years.

Maturity Age Minimum Maturity limit is 18 years and Maximum Maturity limit is 75 Years.

Sum Assured Minimum 5x Annual Premium and Maximum 1.5x Annual Premium x Policy Term.

Policy Term 10, 15, 20, 25 or 30 years.

Premium Paying Term Same as the policy term.

Premium Paying Frequency Monthly, Yearly, Half Yearly, Quarterly.

Key Benefits of Aviva New LifeSaver Plus:

Death Benefit In case of premature death of the life insured during the policy term, Sum Assured along with Fund Value is payable to the nominee.

Maturity Benefit If the life insured survives the policy term, Sum Assured along with other additional bonus and Fund Value is payable.

Tax Benefit Premiums paid by the policy holder in this plan is eligible for Tax Benefit under section 80C and 10 (10D) of Income Tax Act, 1961.

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