Report Wire - Aviva India launches new pension plan. Know the main points

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Aviva India launches new pension plan. Know the main points

2 min read
The plan allows customers to customize their retirement plan according to their needs and financial goals.. (istock)

Aviva Life Insurance has launched Aviva New Innings Pension Plan, a non-linked, non-participating particular person pension plan for constructing a corpus via one-time or common premium funds which could be utilized to safe a assured secure revenue stream within the type of annuity after retirement.

Aviva New Innings Pension Plan offers prospects with the chance to obtain a corpus of as much as 336% of premiums paid, on maturity. Additionally, it provides higher returns for policyholders aged 51 and above, making it a super alternative for these planning for retirement. 

With its versatile entry age and premium fee choices, the plan permits prospects to customise their retirement plan in line with their wants and monetary objectives.

The plan permits hassle-free buy with no medical examination; alternative to construct corpus of as much as 336% of premiums paid, on maturity; a number of choices to align retirement corpus to life levels; tax advantages as per prevailing tax legal guidelines.

“We understand the importance of early retirement planning and the benefits of compounding effects for a financially sound future. Aviva New Innings Pension Plan aims to promote early pension corpus planning and help customers achieve financial security during their golden years. With a variety of premium payment options and the potential to earn higher returns, our policyholders can trust that their investment will help them achieve their retirement financial goals,” stated Vinit Kapahi, head of promoting, Aviva India.

Aviva Life Insurance Company India Limited is a three way partnership between Dabur Invest Corp and Aviva International Holdings Limited, a UK-based insurance coverage group.

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