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Aviva Dhan Varsha

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This plan has been withdrawn by the insurance company and is no longer available for sale.


Aviva Dhan Varsha Plan


Aviva Dhan Varsha Plan is a Traditional Endowment Plan without Bonus Facility.


In this plan, the premium needs to be paid till the end of the Premium Paying Term. For Policy Term 5 years, Premium Paying Term is also 5 years. But Premium Paying Term is 5 years less than the Policy Term for Policy Terms 10, 15 and 20 years.


This plan has a Guaranteed Addition according to the Policy Tenure chosen. The accrued Guaranteed Additions are paid as Survival Benefit at the end of the Premium Paying Term. The Sum Assured is paid as Maturity Benefit after the policy tenure is over.


However, if the Life Insured dies within the policy tenure, the nominee would receive the entire Sum Assured + accrued Guaranteed Additions, if not already paid, as Death Benefit. This plan also has 2 additional riders.



Key Features of Aviva Dhan Varsha Plan


·         This is a Traditional Endowment Plan with without Bonus facility

·         The Premium Paying Term in this plan is

o    For Policy Term = 5 years , PPT= 5 years and

o    For Policy Term=10/15 or 20 years, PPT= Policy Term – 5 years.

·         This plan offers a Guaranteed Addition of 6 to 9% of the Sum Assured every year, depending upon the Policy Term chosen.

·         The Guaranteed Additions per thousand Sum Assured are mentioned as:


Policy Term (Years)





Guaranteed Addition

(Rs per 1000 Sum Assured)






·         There are 2 additional riders in this plan

·         There is a Large Sum Assured rebate offered in this plan



Benefits you get from Aviva Dhan Varsha Plan


Death Benefit – In case of death of the Life Insured, the nominee would get the Sum Assured + accrued Guaranteed Additions, if not already paid.


Survival Benefit – In this plan, the accrued Guaranteed Additions are paid as a Survival Benefit at the end of the Premium Paying Term. For a Policy Term of 5 years, the accrued Guaranteed Additions are paid along with Maturity Benefit.


Maturity Benefit – On maturity, the Sum Assured would be paid as Guaranteed Maturity Benefit.


Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C



Eligibility conditions and other restrictions in Aviva Dhan Varsha Plan





Sum Assured (in Rs.)

Depends upon Minimum Premium

No Limit

Policy Term (in years)

5, 10, 15


Premium Payment Term (in years)

For Policy Term= 5 years, PPT = 5 years

For Policy Term= 10/15/20 years, PPT = Policy Term – 5 years

Entry Age of Policyholder

0 without riders

13 for PT= 5 years without riders

18 with riders

60 without riders

55 with riders

Age at Maturity



Premium (in Rs.)


No Limit

Payment modes

Yearly, Half-yearly and Monthly (ECS Only)



Sample illustration of Premiums for Aviva Dhan Varsha Plan


Age = 25, 35 and 45 years

Sum Assured = Rs 1 ,00,000

Policy Term = 20 years

Premium Paying Term = 15 years

Aviva Dhan Varsha Plan Sample Premiums


Additional Features and Benefits of Aviva Dhan Varsha Plan


Riders – There are 2 additional riders available in this policy

1.     Accidental Death Benefit rider

2.     Term Plus Rider



What happens if?


You stop paying the premium – If you stop paying the premiums, the policy would lapse and all benefits would cease.

If the policy has been discontinued after 1 year’s premium payment, then the policyholder would have an option to convert the plan into a Paid Up Policy and continue the life coverage for a Reduced Sum Assured. A Paid Up Policy can also be revived within 2 years from the date of first unpaid premium.


You want to surrender the policy – There is a Guaranteed Surrender Value after 3 policy years
Guaranteed Surrender Value = 30% of all premiums paid – 1st year’s premium

There is Special Surrender Value in this plan as well.


You want a loan against your policy – Loan facility is not available under this policy.


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