Product designed keeping in mind customers' need to build a long-term corpus while fulfilling short term financial needs
Aviva Life Insurance today launched Aviva Dhan Samruddhi, a traditional moneyback plan with guaranteed returns. The product has been designed keeping in mind customers' need to build a long-term corpus while fulfilling short term financial needs. Aviva Dhan Samruddhi gives a guaranteed addition of 7 to 9% per year of the annual premium, till the end of the policy term, depending upon the policy term chosen. One also gets a payback of 125% of annual premium as survival benefit every 5 years.
TR Ramachandran, MD and CEO, Aviva Life Insurance India said, "Aviva Dhan Samruddhi has been designed based on a study on consumer attitudes towards savings. The study showed that 56% Indians are not willing to take a risk on their investments and are looking for guaranteed returns. Aviva Dhan Samruddhi not only enables one to build a corpus for future financial needs, it periodically gives guaranteed money back during the policy term, so that one can continue to meet their ongoing financial requirements with ease.”
SBI Life Insurance has launched a guaranteed traditional savings plan, called “Smart Income Protect”. It offers tax-free regular income at the ...