Aviva Life Insurance has launched a new traditional plan called “Aviva Dhan Vriddhi Plus”. It is an endowment plan, where the customer pays the premium for 5, 7 or 11 years and s/he gets guaranteed lump sum amount on maturity. The plan also offers non-guaranteed bonuses, which will be paid upon Maturity and Death.
Benefits you get from Aviva Dhan Vriddhi Plus
- Limited premium paying Term - 5, 7 and 11 years
- Maturity Benefit – 100% returns of premium including bonuses
- Death Benefit – Lump sum amount including bonuses
- Tax Benefit – under sector 80C and 10(10D) of Income Tax Act
Aviva India Life Insurance Company is a joint venture between Dabur India and Aviva Plc of UK, which was founded in 1884. Aviva Life Insurance has a fairly large distribution network with 195 branches spread across 3000 towns in India. Aviva India also has a large Bancassurance channel with close to 40 tie-ups with different banks and financial institutions.