The Aviva New Innings Pension Plan, a non-linked, non-participating individual pension plan, has been launched by Aviva Life Insurance, India’s most recognised private life insurance business. The plan was designed to create a corpus through one-time or recurring premium payments that can be used to obtain a guaranteed stable income stream in the form of an annuity after retirement.
On maturity, members can receive a corpus of up to 336% of their premiums paid under the Aviva New Innings Pension Plan. Furthermore, it provides superior returns for policyholders aged 51 and up, making it an excellent choice for people planning for retirement. Customers can tailor their retirement plan to their requirements and financial goals thanks to the plan’s variable entry age and premium payment options.
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Vinit Kapahi, Head of Marketing, said, “At Aviva India, we understand the importance of early retirement planning and the benefits of compounding effects for a financially sound future. Aviva New Innings Pension Plan aims to promote early pension corpus planning and help customers achieve financial security during their golden years. With a variety of premium payment options and the potential to earn higher returns, our policyholders can trust that their investment will help them achieve their retirement financial goals.”
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