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Aviva Dhan Samruddhi Plan

Aviva Dhan Samruddhi is a traditional, non-participating Money-Back Insurance Plan which provides easy liquidity through periodic cash backs and life insurance protection.

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Fixed tenure
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Survival Benefits
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Guaranteed additions
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Key Features

Traditional Money Back

This is a traditional Money Back Plan which does not participate in bonus declarations.

Guaranteed additions

Guaranteed additions are added to the Sum Assured for an enhanced benefit.

Survival Benefits

Survival Benefits or money-backs are payable after every 5 years and are expressed as a percentage of the annual premium.

Fixed tenure

The policyholder can choose any term as per his requirement. Premiums are paid for a fixed tenure.

Higher Sum Assured

Higher Sum Assured levels also attract premium rebates.

Aviva Dhan Samruddhi Plan

The graph below shows the premiums payable at different combinations of plan tenures, Sum Assured and age of the life insured. The premiums mentioned are exclusive of any taxes.


Maturity Benefit 

When the plan matures and the premiums have been duly paid, the following benefits would be paid as the Guaranteed Maturity Benefit:
(Sum Assured + accrued Guaranteed Additions) - Survival Benefit already paid.


Death Benefit 

If the insured dies during plan term and the policy is in force, the death benefit payable would be highest of the following.

10 times the annual premium

Sum Assured + accrued Guaranteed Additions till the date of death

105% of all premiums paid till death

Survival Benefits 

Being a money-back plan, survival benefits are paid at the end of every 5 years. 125% of the annual premium is paid as survival benefit at the end of every 5 years except on maturity.

Guaranteed Additions 

If due premiums are paid then the plan accrues Guaranteed Additions every year till the end of the term. The rate of addition is expressed as a percentage of annual premiums and depends on the plan tenure. The applicable rates are:

Plan tenure Guaranteed Additions
10 years 7% of annual premium
15 years 8% of annual premium
20 years 9% of annual premium

This is a non-participating plan where bonuses are not declared.


Loans are not available under the plan.

Tax benefit

Premiums paid under the plan would be exempt from tax under Section 80C up to a limit of Rs.1.5 lakhs. The death benefit or the maturity benefit received and the survival benefit would also be tax exempt under Section 10(10D) of the Income Tax Act.

Premium Rebates

Sum Assured levels of Rs.5 lakhs and above allow premium discounts. The rate of discount on Sum Assured levels of Rs.5 lakhs to Rs.10 lakhs is Rs.4 per thousand Sum Assured while Sum Assured of Rs.10 lakhs and above attracts a premium rebate of Rs.5 per thousand Sum Assured.

Grace Period

A grace period of 30 days is allowed for payment of premium after the due date for annual, half-yearly and quarterly modes of premium payment. For monthly modes, the grace period allowed is 15 days. The life cover under the policy would continue during the grace period.

Free Look Period

A cooling off period or a free look period of 15 days is granted to the policyholder after the policy issuance to review the policy terms and conditions. If found unsatisfactory, the plan can be cancelled within this period and the premium paid would be refunded after deducting the relevant mortality charge, service tax, cess and stamp duty paid.

How it works

  • The policyholder chooses the policy tenure, Sum Assured and the premium paying frequency. Based on the above criteria and the insured’s age, the premium is calculated.
  • Premiums are to be paid for a fixed tenure of 10 years.
  • Guaranteed Additions as a percentage of the annual premium are added to the plan.
  • On death during the period, the death benefit is paid.
  • On maturity, the maturity benefit is paid.


  Minimum Maximum
Entry age (Last Birthday) 13 years 55 years
Maturity Age (Last Birthday) 23 years 70 years
Plan tenure 10, 15 or 20 years
Premium payable Yearly – Rs.6464
Half-yearly – Rs.3302
Quarterly – Rs.1675
Monthly – Rs.563
Rs.47.53 lakhs
Premium Paying Term (PPT) 10 years
Sum Assured Rs.1 lakh Rs.5 crores
Premium payment mode Monthly, half-yearly, quarterly and annually

Surrender Value

Surrendering the policy

Surrender is allowed only after the policy becomes paid-up, i.e. after 2years’ premiums have been paid. On surrendering the policy, higher of the Guaranteed Surrender Value (GSV) or the Special Surrender Value (SSV) would be paid.

  • GSV = (Basic Premium paid excluding taxes * GSV Factor) – survival benefits already paid
  • The SSV factors would be declared by the company based on its performance and would be calculated as follows:
    SSV = {(Paid-up Sum Assured + accrued Guaranteed Additions) * SSV Factor} - survival benefits already paid


Revival is allowed within 2 years from the date of the first unpaid premium. The policyholder would be required to pay the outstanding premium and any interest charged by the insurer to revive his policy.


  • If the policyholder commits suicide within a year of policy issuance 80% of the premiums paid would be returned and no death benefit would be payable.
  • If suicide is committed within a year of policy revival, higher of 80% of the premiums paid till death or the Surrender Value acquired would be paid provided the policy is in force.