Aviva Life Insurance, India’s most trusted private insurance company, today announced the launch of Aviva New Wealth Builder, an individual Non-Linked, Non-Participating Savings Life Insurance Plan. Aviva New Wealth Builder (ANWB) offers the twin benefits of protection and investment and also gives an extra edge as a Guaranteed Plan. This plan addresses the need of the hour for customers today, including more options of premium payment terms basis their convenience, higher entry age and guaranteed returns which are very relevant and necessary especially during these tumultuous times.
Ms. Anjali Malhotra Chief Customer, Marketing, Digital and IT Officer, Aviva Life Insurance said, “At Aviva, we understand that in these unique and uncertain times, people are looking for security, especially since the economy and market have felt a strong impact of the pandemic. In line with our purpose, to be there for our customers, we are offering the New Wealth Builder with a reassurance guarantee built into the plan. Our message to customers is that despite the uncertainty, they must look forward to tomorrow with hope and continue making plans for key life goals with confidence, armed with guaranteed returns behind the certainty of the goal! Aviva has had a strong presence in endowment plans with guaranteed returns. Understanding the current scenario and customers needs to conserve cash and pay in parts, we are offering the flexibility of payment options that will allow customers to pay smaller premiums in Single, Annual, Semi Annual and Monthly modes.”
With the aim to include more people into the secure folds of guaranteed returns, we have increased the entry age to 60 years for Aviva New Wealth Builder. This product allows customers to balance their financial portfolio as lump sum payout at maturity is guaranteed. Another advantage is that the payout received on maturity for regular pay policies is tax-free.
Some key differentiators of Aviva New Wealth Builder are:
- There is death cover of 11 times Annualized premium for regular pay options and 1.25 for the single pay option.
- The plan also offers option to add additional protection through add on Accidental Benefit cover that would provide an added financial security to the family, in case of a mishap.
- Aviva New Wealth Builder further provides opportunity to fulfill various life stage goals with investment horizons of 12, 14 and 20 years.
- With this, Aviva enables customers to secure their future with this guaranteed plan as it offers more than double the premiums paid at survival till maturity for policy term 20 years.