Aviva Life launches Nivesh Bima plan – Check features
Aviva Life Insurance has announced the launch of Aviva Nivesh Bima, a non-Linked, non-Participating, Individual Savings Life Insurance Plan that will provide guaranteed moneyback at maturity. The guaranteed moneyback option offered will be provided at every 5th policy year, in addition to a lump sum payout at maturity. The company claims that the value proposition ensures that customers enjoy the protection of a life cover while building up a corpus to fulfil their short-term and long-term needs.
Aviva Nivesh Bima offers features such as fixed benefit pay-out on maturity or death, limited premium paying term, and an option to enhance the coverage through an add-on Accidental Death Benefit. The plan also offers tax benefits to policyholders.
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