Aviva Life Bond Advantage Insurance Plan, Policy, Premium and Maturity Calculator
Aviva Life Bond Advantage Insurance Plan, Policy, Premium and Maturity Calculator - Aviva Life Bond Advantage is a single premium unit linked insurance plan (ULIP), such that if the Life Insured dies within the policy tenure, the nominee would receive the higher of the Sum Assured or the Fund Value as Death Benefit. However, if the Life Insured survives till the end of the Policy Tenure, then he would receive the Fund Value as Maturity Benefit.
Key Features - Aviva Life Bond Advantage Insurance Plan and Policy
- This is a Single Premium Unit Linked Insurance Plan.
- The Fund Value is paid to the Policyholder when the policy matures.
- Higher of Sum assured or Fund Value is paid as Death in case of an unfortunate death of the life insured within the policy tenure.
- There is 1 inbuilt rider with this plan- Accidental Death Benefit rider.
- Loyalty Additions is also provided in this policy from the end of the 10th policy year onwards.
- Systematic Partial Withdrawal is allowed after 5 policy years.
Eligibility Details - Aviva Life Bond Advantage Insurance Plan and Policy
| PARAMETER | MINIMUM | MAXIMUM |
| AGE OF ENTRY | 2 years | 65 years |
| MATURITY AGE | 18 years | 75 years |
| SUM ASSURED | 1.25 X SP | - |
| PREMIUM PAYMENT TERM | Single | |
| POLICY TERM | 10 years | 73 years |
| PAYMENT MODE | Single | |
Benefits - Aviva Life Bond Advantage Insurance Plan and Policy
Tax Benefits - Aviva Life Bond Advantage Insurance Plan and Policy
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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 Life Bond Advantage Insurance Plan and Policy
- On maturity, the Fund Value is paid to the policyholder.
Death Benefit - Aviva Life Bond Advantage Insurance Plan and Policy
- In case of death of the Life Insured, the nominee would get Sum Assured or Fund Value, whichever is higher.
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