What are the main features of the plan?
Lifetime Income Guarantee: Provides a guaranteed monthly income until age 100, with a 15% increase every third policy year.
– Inflation protection: Adjusts monthly income by 15% every three years to keep up with inflation.
Return of premium: Returns 105% of total premiums paid at the end of the payment period.
Premium warranty built in :
It covers future premiums in the event of the death of the insured during the premium term, maintaining a guaranteed income for the family.
Flexible payments: Offers several premium payment options.
Optional riders: Includes accident and serious illness insurance clauses for greater protection.
Tax benefits: Eligible for tax benefits under current tax laws.
Executive Perspective
Vinit Kapahi, Senior Vice President and Chief Marketing Officer, commented: “Aviva’s Exclusive Income Growth Plan represents our latest innovation to ensure a secure retirement. It provides a growing and inflation-proof income stream, underlining our commitment to addressing future financial needs.”
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