Aviva Life Insurance, India’s most reputable private life insurance business, has introduced the Aviva Signature Investment Plan, a Unit Linked Non-Participating Individual Life Insurance Plan. The strategy is designed with Millennial and GenX customers in mind.
Signature Millennial includes a premium waiver to generate a guaranteed corpus for a dependent parent, spouse, or child even after the Life Insured’s death.
Signature GenX enables customers to build generational wealth via disciplined monthly savings for up to 60 years.
It guarantees simple access to money when needed, as well as the flexibility of numerous premium payment intervals and insurance durations, with seven fund possibilities. The #ForTheLongRun campaign is aimed to create a habit of regular and long-term investing while simultaneously taking care of their families in order to help people grasp the new-age ULIP plans.
Vinit Kapahi, Head of Marketing, said, “In line with the need of first-time, cautious entrants to the equity market, we at Aviva recalibrated the product dynamics with changing times and focused on building a product that brings real value to our customers. As a result, our new-age ULIP product –Aviva Signature Investment Plan, is an ideal recipe for creating wealth while guaranteeing your family’s safety from unfavourable circumstances.”
Key highlights of the Aviva Signature Investment Plan:
- No allocation fees.
- Periodic Milestone Boosters are applied every third year, beginning at the end of the sixth policy year.
- There are two plan options: Signature Millennials and Generation X.
- At maturity, you may be charged up to 100% of the Mortality and Policy Administration expenses.
- In the event of the untimely death of the Life Insured within the Policy Term, the company will pay all future Premiums as and when they become due under the Signature Millennial Option.
- There are seven fund options to match the customer’s risk profile.
- Simple access to funds in times of need through partial withdrawals and systematic partial withdrawals.
- Systematic Transfer Plan allows for staggered investment into equity funds from debt funds.
- RetireSafe Strategy for transferring funds from equities to debt in order to protect accrued gains.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
