Aviva Live Smart Insurance Plan, Policy, Premium and Maturity Calculator
Aviva Live Smart Insurance Plan and Policy - Aviva Live Smart is a Unit Linked Insurance Plan where the policyholder can enjoy market linked returns along with getting life insurance protection too.
Key Features - Aviva Live Smart Insurance Plan and Policy
- This is a Unit Linked Plan which does not earn bonuses.
- There is an inbuilt accidental death benefit option under the plan which pays an additional Sum Assured in case of accidental death.
- There are 7 funds from which the policyholder can choose one or more funds for investing his premium based on his risk appetite.
- Loyalty Additions are added to the plan to enhance the fund value.
Eligibility Details - Aviva Live Smart Insurance Plan and Policy
|AGE OF ENTRY
||For ages below 45 years – higher of 10 times the annual premium or 0.5*plan term*annual premium
For age of 45 years and above – 10 times the annual premium
|PREMIUM PAYMENT TERM
||Equal to Plan tenure
|PREMIUM PAYMENT MODE
Benefits - Aviva Live Smart Insurance Plan and Policy
Tax Benefits - Aviva Live Smart 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 Live Smart Insurance Plan and Policy
Death Benefit - Aviva Live Smart Insurance Plan and Policy
In case of death of the insured, the death benefit payable would be higher of Sum Assured or 105% of total premiums paid till death + Fund Value available under the plan. The death benefit would also include higher of the top-up Sum Assured or 105% of total top-up premiums paid + top-up Fund Value available under the plan.