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Aviva Secure Pension

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This plan has been withdrawn by the insurance company and is no longer available for sale.


Aviva Secure Pension Plan


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 of Aviva Secure Pension Plan


§  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 you get from Aviva Secure Pension Plan


Death Benefit – 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


Maturity Benefit – 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


Income Tax Benefit – 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 conditions in Aviva Secure Pension Plan






Yearly Premium (in Rs.)



Sum Assured (in Rs.)


No limit

Policy Term (in years)



Premium Payment Term (in years)

Equal to Policy Term

Entry Age of Policyholder (in years)



Age at Maturity (in years)





Additional Features and Benefits of Aviva Secure Pension Plan


Riders – There are no rider available in Secure Pension Policy



What happens if?


You stop paying the premium – 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


You want to surrender the policy – Guaranteed surrender value and paid-up value after you pay premiums for 3 years


You want a loan against your policy – No loan facility is available under this policy


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