The Aviva Signature Guaranteed Income Plan has been launched by Aviva Life Insurance, India’s most reputable private life insurance firm. The non-linked, non-participating savings life insurance plan is intended to give clients a comprehensive solution to help them develop long-term wealth while saving tax and ensuring a consistent income stream over time.
The plan is designed to meet the financial demands of people at all times of their lives, from young singles and couples through parents with young and grown-up children, couples reaching retirement, and people who are already retired, and it offers four separate options:
Signature Moneymaker provides customers with guaranteed income annually from the second policy anniversary till the policy matures along with a lump sum at maturity so that they can enjoy tax benefits on premium payments and income payouts.
Signature Investor offers customers a lump sum payment on survival of the life insured till maturity to fulfil their long-term goals.
Signature Builder allows customers to receive guaranteed income over a payout period, with the guaranteed income beginning one year after the end of the policy term to have a steady stream of income after the deferment period.
Lastly, Signature Saver desires a guaranteed stream of income to meet child’s education or retirement goals, Signature Saver pays out guaranteed income yearly beginning one year after the end of the premium payment term and continuing until policy maturity.
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Aviva Signature Guaranteed Income Plan provides customers with tax-efficient early and deferred income alternatives and up to three times guaranteed returns on total premiums. Customers can also expect loyalty bonuses, assured maturity bonuses, and no change fees for frequency changes. It also offers 26 policy and premium payment term options, allowing clients to select the plan that best meets their financial circumstances.
Vinit Kapahi, Head of Marketing, said, “Our new Aviva Signature Guaranteed Income Plan aims to meet the diverse financial needs of policyholders at different phases of their lives. The plan will enable guaranteed, tax-free, long-term, risk-free wealth accumulation and income in a single offering, providing peace of mind and financial security. With four variants to choose from and a range of premium and policy term options, we aim to empower a wide range of customers to achieve their financial goals with confidence and peace of mind.”
