Aviva Secure Pension
Secure Pension is a traditional pension plan which gives you an opportunity to make regular savings during your income earning years and ensure pension during your retired life.
Decide the amount you want to invest, the premium payment frequency, policy term and the time you want the pension to start. This is a very simple, basic and easy to understand pension plan.
Key Features
Regular income after you retire
Guaranteed Addition of Rs 30 per Rs 1000 Sum Assured during the first 3 years
Simple Revisionary Bonus based on Company’s experience from 4 year onwards
Terminal Bonus, if any, at maturity
Benefits
In the unfortunate event of your death, full Sum Assured + vested Guaranteed Additions + Simple Revisionary Bonus is either paid as lumpsum or used to buy annuity
Sum Assured + vested Guaranteed Additions + Simple Revisionary Bonus + Terminal Bonus (if any) is used to buy annuity. You will have the option to take back up to 1/3rd of the Maturity Claim and use balance money to buy annuity
Premiums paid under Forever Life Pension Policy will be eligible for Tax Benefit under Section 80CCC. Premium paid for Critical Illness Rider is eligible for Tax Benefit u/s 80D.
Eligibility
|
Minimum |
Maximum |
Yearly Premium (in Rs.) |
5,000 |
NA |
Sum Assured (in Rs.) |
1,00,000 |
No limit |
Policy Term (in years) |
10 |
40 |
Premium Payment Term (in years) |
Equal to Policy Term |
|
Entry Age of Policyholder (in years) |
18 |
60 |
Age at Maturity (in years) |
40 |
75 |
FAQs
If you stop paying premiums before 3 full years, policy will lapse and no death or surrender benefits will be paid. If you stop paying premiums after 3 years, then policy will lapse after acquiring paid-up Sum Assured. You can revive lapsed policy within 2 years
Guaranteed surrender value and paid-up value after you pay premiums for 3 years
No loan facility is available under this policy