LIC Premium and Maturity Calculator

Aviva Annuity Plus Insurance Plan, Policy, Premium and Maturity Calculator

Aviva Annuity Plus Insurance Plan, Policy, Premium and Maturity Calculator - Aviva Annuity Plus Plan is a Single Premium Immediate Annuity Plan. This is a Traditional Annuity Plan. In this plan, pension starts immediately after the plan starts from the next instalment.

Key Features - Aviva Annuity Plus Insurance Plan and Policy

  • This plan is an immediate pension plan.
  • There are 7 annuity options in this plan.
  • Annuity may be paid quarterly, half yearly or yearly intervals.
  • There is no requirement for any medicals in this plan.

Eligibility Details - Aviva Annuity Plus Insurance Plan and Policy

PARAMETER MINIMUM MAXIMUM
AGE OF ENTRY 0 80 years
PURCHASE PRICE Rs.25,000 No Limit
ANNUITY INSTALLMENT Rs.500 No limit
ANNUITY FREQUENCY Yearly, Half-yearly, Quarterly and Monthly

Benefits - Aviva Annuity Plus Insurance Plan and Policy

Tax Benefits - Aviva Annuity Plus Insurance Plan and Policy

  • Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.

Maturity Benefit - Aviva Annuity Plus Insurance Plan and Policy

  • Being an Immediate Annuity Plan, there is no Maturity Benefit in this plan

Death Benefit - Aviva Annuity Plus Insurance Plan and Policy

  • In case of death of the Annuitant it entirely depends upon pension option chosen
    Annuity for Life- Pension stops when Annuitant dies and nothing further would be payable to nominee
    Annuity Guaranteed for Certain Period-
    1) During the Guaranteed Period - Pension is paid to the nominee till the end of the guaranteed period after which it stops
    2) After the Guaranteed Period- Pension stops when Annuitant dies and nothing further would be payable to nominee
    Increasing Annuity- Pension stops when Annuitant dies. Nothing further would be payable to nominee.

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