Aviva Signature Investment Plan
Life is full of uncertainties. While enjoying the present is essential, securing your future and your family’s is equally important. The Aviva Signature Investment Plan, an individual Unit Linked, Non-Participating Life Insurance plan, helps you strike this balance.
The plan offers a systematic approach to investing, allowing you to build wealth over time while providing a safety net for your loved ones. By combining investment growth potential with life insurance coverage, Aviva Signature Investment Plan empowers you to CARE for your family, stay COMMITTED to your financial goals, and face the future with CONFIDENCE.
Begin your journey towards financial security and peace of mind with Aviva today.
Why should you buy Aviva Signature Investment Plan
Aviva Signature Investment Plan is that one plan which offers you both, wealth creation and financial security, with added convenience.
AVIVA Life Insurance Company is one of the most renowned insurance companies in India. By choosing AVIVA Life Insurance, you benefit from the management experience of one of the world's oldest insurance groups, with a history dating back to 1696. The Signature Investment Plan offers manifold benefits to a policyholder. A policyholder can build a corpus while ensuring the financial security of his/her loved ones in case of any unforeseen event. Further, the flexibility offered by this Signature Investment Plan by AVIVA to choose from 8 funds and invest in the fund or combination of funds that best suits your risk profile makes it the best option to customize according to your needs.
Aviva Signature Investment Plan - Key Highlights
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Freedom to align the investment horizon to the planned financial needs by choice of the premium paying terms
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Flexibility to manage your money
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Freedom to decide and change investment-linked funds basis risk appetite- switching and redirection
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Transparency of your investments
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Flexibility to access money when required after 5 years (partial withdrawals)
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Comprehensive maturity and death benefits to secure the future of loved ones
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Long-term market-linked returns on your ULIP investment
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significant tax savings on your investments as well as maturity/death benefit according to prevailing tax laws subject to change.
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Robust insurance cover for your near-dear ones
Exemption u/s 10(10D) is not available on premium exceeding Rs. 2.5 lakh p.a. for all ULIP policies issued on/after 1st Feb, 2020. Please consult your tax advisor for complete details. Tax rules are subject to change as per government laws.
Benefits of Aviva Signature Investment Plan
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Death Benefits GenX - In case of the unfortunate demise of the policyholder, the Nominee receives the sum assured or fund Value pertaining to Limited/Regular Premium or 105 percent of the total premiums received up to the date of death.
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Top Up - The policyholder can make payment of top-up premium at any time during the currency of the contract provided that no limited/regular premium payments due till date are outstanding.
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Partial Withdrawal - Partial withdrawals are allowed after completion of the first five policy years, provided the life insured has attained age 18 years last birthday.
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Systematic Partial Withdrawal Option - The policyholder will have the choice to opt for a Systematic Partial Withdrawal option after completing the first 5 policy years anytime during the policy term except during the last 3 years before maturity.
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Rewards - A policyholder can get rewarded for staying invested through periodic Milestone Boosters. Also, a policyholder can get back up to 100% of the Mortality & Policy Administration charges at maturity.
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Death Benefits Millennial - In case of the unfortunate demise of the policyholder, the policy Sum Assured is paid to the Nominee / Beneficiary (Appointee in case of minor Nominee) and all due premiums are paid into the policy by Aviva, on ‘As and When Due’ basis + Value of Top Up Sum Assured (if any) is also paid on death.
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Premium Redirection - On request of the policyholder, the Company will allow the policyholder to modify the Allocation Proportion of renewal premium (proportion applicable for allocation of future premiums to various Funds) under the policy.
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Maturity Benefit - The Policyholder or the beneficiary will receive the fund value on surviving the original policy tenure.
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Interesting Returns - Investment in ULIP plans provides healthy market linked returns in the long run, subject to market performance.
Eligibility
Min Entry Age
- GenX: 91 days last birthday, subject to the condition that the age at maturity of life insured will not be less than 20 years last birthday
- Signature Millennial: 18 years last birthday
Max Entry Age
- Regular Premium
- GenX: 65 Years Last birthday
- Signature Millennial: 42 Years Last Birthday
Documents required
The documents required include the filled-up Application form, along with a photo of any one identity proof (PAN Card, Passport, Driving License) and income proof (a copy of the latest ITR or last 3 months salary slips or Form 16).
Frequently Asked Questions - Aviva Signature Investment Plan
- Choose the plan option that best suits you Signature GexX or Signature Millennial
- Select the sum Assured that best matches your investment objectives and protection needs
- Pick your policy term to match your long-term goals
- Choose to pay premiums as per your convenience one time (single premium) monthly, half-yearly, quarterly or annually for the entire policy tenure
- Check and choose from 8 funds and invest in the fund or combination of funds that best suits your risk profile
- Elect to enter the equity market in a weekly or monthly manner through a Systematic Transfer Plan