IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO Aviva New Pension Elite – Easy steps to finalizing your

teps to finalizing your plan Full Surrender: 6% 2,231,622 4.82% – In case STP is opted, no other switches into or from the Pension e) Investment Funds:
IS BORNE BY THE POLICYHOLDER. You have the option to fully surrender the policy after completion of 3 15 Protector Fund-II is allowed during this period. This plan provides you the flexibility to simultaneously invest in one or
Step 1: Decide the corpus you wish to build for your retirement and the 10% 3,054,461 8.47%
time when the same should be available. This will influence the policy years, whereby the surrender value will be paid to you after 6% 3,440,469 4.92% – Systematic Transfer Plan (STP) option can be started at inception or more of the six unit linked funds. You can invest 100% of your
choice of premium and the policy term. deducting applicable surrender charge (refer to “Charges” for details) and 1,00,000 20 on any policy anniversary during the term of the policy except last premiums in any of the funds or choose a combination of funds.
10% 5,328,642 8.62%
the policy will terminate. There is no surrender charge after completion of three policy years, by giving a written notice at least 30 days prior
Step 2: Choose the level of protection you desire through: 6% 6,975,111 5.00% Fund Name
5 policy years. 30 to the policy anniversary. Asset Allocation Risk Profile
• Term rider Sum Assured (Optional) 10% 14,200,595 8.77% and Objective
Death Benefit: 6% 5,586,555 4.84%
Step 3: Arrive at the amount of premium you need to pay, which will be – STP may be stopped on any policy anniversary by a written request Pension Protector Debt & Money Market 0 – 100%
In case of unfortunate death, the nominee will receive the fund value 15 Fund-II: To generate Equities
determined by step 1&2. Also choose the Premium Paying 10% 7,643,653 8.48% at least 30 days prior to the policy anniversary. You may request to 0 – 20%
pertaining to regular premiums along with top-up premiums (if any) plus restart this option later. steady returns with Low
Frequency (PPF) based on your convenience. 6% 8,638,673 4.96%
the Aviva Term rider Sum Assured, if opted for. 2,50,000 20 minimum exposure
Step 4: Choose the funds you want to invest in depending on your risk 10% 13,359,104 8.65% – STP cannot be opted along with Automatic Asset Allocation (AAA) to equities
Maturity Benefit: 6% 17,475,278 5.01%
appetite. Pension Balanced
30 b) Automatic Asset Allocation (AAA) Plan: Debt & Money Market 0 – 100 %
• 6 Fund options to select from basis your risk appetite At maturity you have an option to withdraw upto 1/3rd of the maturity 10% 35,538,988 8.77% Fund-II: To generate Equities 0 – 45%
value (inclusive of Maturity Addition, if any) as a lump sum and use the AAA is available only at the inception of the policy and if your a balance of capital Medium
Aviva New Pension Elite – Benefits The values shown above include all charges and prevailing Service Tax
balance to purchase an immediate annuity from Aviva or any other Life premium frequency is yearly. This option helps you to automatically growth and steady
Loyalty Additions and Maturity Addition: In case you continue this policy (10.3% including cess)
Insurance company registered in India. decrease your exposure to equity and increase your exposure to debt, returns
and keep paying all the due regular premiums, then we shall provide The assumed rates of return shown in the illustration above are not as you grow older. This option relies on the fact that an individual’s risk
Review maturity age: Pension Growth Debt & Money Market 0 – 80%
premium related Loyalty Additions during the policy term and maturity guaranteed and they are not the upper or lower limits of what you might
appetite reduces with age and he tends to be more conservative with Fund-II: To generate Equities 20 – 60%
addition, as detailed below. The Loyalty Additions shall be credited in the If the insured’s age on maturity is not more than 75 years, then the get back as the value of your policy, which depends on a number of factors
his investment. This option provides you the flexibility of leveraging long term capital High
policyholder will have following options to review the maturity date including future investment performance.
form of additional units at the end of relevant policy year. This would be the returns from equity market and secure/book the profits by the way appreciation with
Aviva New Pension Elite – A complete solution for a tension free provided the Policyholder has paid all the due regular premiums (for Aviva New Pension Elite – Protection and Investment Options
distributed in the various funds opted by you in the same proportion as high equity exposure
retirement income atleast 5 years) and notifies the company at least 180 days before the date of auto asset allocation as he advances in his age.
defined for distribution of your regular premium. The Maturity addition A. Protection Options: Pension PSU Fund: Debt & Money Market 0 – 40%
Aviva New Pension Elite is a non-participating unit-linked pension plan that of maturity and the company accepts the request in writing: – Choose the initial allocation into Pension Growth Fund-II and
provides you with flexible investment options, to build a retirement corpus will be paid along with the maturity benefit (vesting). a) Aviva Term rider [UIN: 122A010V01] To generate steady Equities 60 – 100%
that will provide you with a regular income, when you require it. Aviva New a) The policyholder can opt to discontinue the premium payment and This plan offers Term rider, which you may select at inception or at any Pension Protector Fund-II. Your first year premium will be allocated returns through High
– Loyalty Additions during the policy term: Loyalty Additions will be a
Pension Elite also provides a sum assured, in addition to your fund value, postpone the maturity date provided the age of the insured on policy anniversary by giving an advance notice. If this rider is opted as per the proportion specified by you. investment in PSU
percentage of first year annualized premium and is paid at the end
through a Term rider (optional) that can ensure a minimum death benefit for revised maturity date is not more than 80 years. The policyholder for, then in case of your death, your nominee will receive rider Sum and related equities
of 10th policy year and every subsequent 5th policy anniversary, – At tthe end of every year, the accumulated fund value will be
your family in case you are not around. What’s more, based on your needs, will be entitled to Loyalty Additions and Maturity Addition (on old Assured along with the fund value of regular and top-up premiums. Pension 0 – 40%
you can choose from 6 fund options while also having the flexibility to except at maturity, if the policy term is 15 years or above. automatically redistributed through switching between Pension
Maturity date in the pattern of Loyalty Additions) if payable This rider can be detached from any policy anniversary by giving at Infrastructure
reconsider your retirement age during the policy term. Growth Fund-II and Pension Protector Fund-II using the formula: 60 – 100%
according to the premiums paid. least 7 days written notice. Once detached, this rider cannot be opted Fund: To generate Debt & Money Market
You further benefit by getting Loyalty Additions during the term of the Policy Term Loyalty Additions during the High
again. steady returns Equities
policy, as well as Maturity Addition on the date of maturity. (Years) term (as % of First year’s b) The policyholder can opt to postpone the maturity date and X%
Aviva Term Rider cover shall cease after attaining age 60 of the life Allocation to Pension Growth Fund-II = X% - ( )*(Z - Y) through investment
Annualised Premium) continue the premium payment for the extended term also Policy Term
Aviva New Pension Elite - Unique Attractions insured. The policy may continue for the rest of the policy term, if any, in infrastructure
• Add Life Cover to Pensions: While you buy a pension to mitigate the 10 to 14 Nil provided the age of the insured on revised maturity date is not without this rider. – Where X% is the initial allocation into Pension Growth Fund-II, Y is and related equities
risk of living too long, you can also add a Term rider under this product 15 30.0% more than 80 years. The policyholder will then be entitled to your age at exercising AAA and Z is your current age. Balance will Pension Index Debt & Money Market 0 – 20%
Please see key feature of rider for complete details
to mitigate the risk of early death. subsequent Loyalty Additions and Maturity Addition as per the Fund-II: To generate Equities
16 31.0% B. Investment Options: be allocated to Pension Protector Fund-II. 80 – 100%
• Premium allocation: Maximize your investment, as a high amount of increased policy term. returns in line with High
the premium paid is invested in the funds chosen by you. 17 32.0% a) Systematic Transfer Plan (STP): – The future premiums will also be allocated into Pension Growth the stock market
• Loyalty Additions and Maturity Addition: Get higher maturity c) Aviva Term Rider will not be further extended in case of extension
– This option allows you to enter and exit the equity market not abruptly Fund-II and Pension Protector Fund-II using the above formula index – NIFTY
proceeds with Loyalty Additions during the term and Maturity 18 33.0% in maturity date. at once but slowly at different times and at different levels. This has every year.
Addition on the date of maturity. 19 34.0% d) The Policyholder can reduce the policy term to pre-pone the the effect of averaging out the risks associated with the equity market,
• Flexibility to revise the vesting age: Depending on your need, you You may kindly note that:
maturity date to any previous policy anniversary date provided the thus reducing the overall risk you face. – During the period when AAA is operational, no other switches
can revise your vesting age, i.e. extend or reduce the policy term, once 20 35.0%
– This facility is available to you if you pay premium on yearly basis and into or from the Pension Protector Fund-II and Pension Growth – Investment in Debt and Equity would include Debt and Equity
during the policy term. policy has completed at least ten years and the age of the insured
21 36.5% at least 10% of premiums are allocated to Pension Protector Fund-II Derivatives, if the same is permissible by IRDA.
• Investment fund options: Choose from 6 unit-linked funds – Pension on revised maturity date is at least 40 years. The policyholder will be Fund-II is allowed.
22 38.0% – STP is available as a weekly and a monthly option. Under this, units
Protector Fund-II, Pension Balanced Fund-II, Pension Growth Fund-II, entitled to Loyalty Additions at the old rate falling due during the from Pension Protector Fund-II to Pension Growth Fund-II are – AAA may be stopped on any policy anniversary by a written request – Minimum and maximum limits on asset categories, as above, have
Pension PSU Fund, Pension Infrastructure Fund and Pension Index Fund-II, 23 39.5% revised term but there will be no Maturity Addition. transferred through automatic switching free of charge, in the at least 30 days prior to the policy anniversary. Once discontinued, been determined to have the investment flexibility in the fund to
depending on your investment objectives and risk appetite. following pattern: take the advantage of investment opportunities vis-à-vis risks
• Top up facility: Enhance your investments through top up premiums, 24 41.0% e) Revised policy term after review should be between 10 to 30 years. this option can not be restarted.
In case of weekly STP involved.
with 100% allocation into selected funds. 25 42.5% Tax Benefits: – AAA can not be opted along with STP.
Aviva New Pension Elite – Eligibility Week 1 1/52th of the units available at the end of Week 1 – The Company, in line with the investment objective, may alter the
26 44.0% Tax benefits will be as per prevailing tax laws. Tax laws are subject to …… ….. c) Indexation:
change. Week 26 1/27th of the units available at the end of Week 26 above pattern, subject to IRDA approval.
Entry age : 18 – 70 years (last birthday) 27 45.5% You have the option to increase the regular premium at an indexation
Benefit Illustration: …… ….. It is recommended that your choice of funds be based on your investment
18 – 50 years (last birthday) with Term rider 28 47.0% rate at each policy anniversary. The rate of indexation shall be in line
Week 52 Balance units available at the end of Week 52
Maturity Age : 40 – 80 years (last birthday) This illustration is for a male aged 35 years who does not opt for Aviva with the increase in the Whole Sale Price Index (or in the event that this objectives and your appetite for risk. Ideally, you should opt for a mix of all
29 48.5% In case of monthly STP
Term Rider, pays premiums yearly and invests 100% into the Pension Index ceases to be published, such other index as the Company may funds, which results in diversification and consequently lower risk.
Policy Term (PT) : 10 – 30 years
30 50.0% Index Fund-II. Month 1 1/12th of the units available at the end of Month 1 select for this purpose). This increase in premium does not affect the
Premium Payment Term (PPT) : Premium payment term is equal f) Premium Re-direction:
…… ….. Sum Assured under rider, if opted for. You also have an option to
to the policy term Maturity Addition: Maturity addition will be a percentage of first year Annual Policy Gross Projected Yield Net Month 6 1/7th of the units available at the end of Month 6 You have the option to redirect your premiums to different funds at
Premium Term Investment Fund Value of Charges …… ….. deselect indexation on any policy anniversary, upon which the right to
Annual premium : Minimum Rs 50,000; no maximum limit annualized premium and will depend on the policy term and the first year anytime, upto 2 times in a policy year, for all future premiums. The
(Rs.) (years) Return (%) at Maturity (%) Month 12 Balance units available at the end of Month 12 future indexation will be lost. Please note that premium once increased
Top-up premium : Minimum Rs 1,000; no maximum limit annual premium as per the grid provided below: minimum allocation in each selected fund must be 10%.
(Rs.) by indexation cannot be reduced.
Reverse STP: During the last 2 years (i.e. last 24 months) before maturity, the
Rider allowed : Aviva Term rider > = Rs. 1 Lac > = Rs. 2.5 Lac 6% 1,105,811 4.71% g) Unit switches:
following proportion of units will be switched from the Pension d) Top up:
Aviva Term rider Sum Assured : No limit, subject to rider premium Policy Term Less than 15
& less than & less than > = Rs. 5 Lac 10% 1,517,231 8.39% Growth Fund-II to the Pension Protector Fund-II:
You have the option to make lump sum investments through top-ups You may switch your accumulated funds (partly or fully) between the
not exceeding 30% of first year (Years) Rs. 1 Lac.
Rs. 2.5 Lac Rs. 5 Lac
6% 1,705,235 4.84% Month 1 1/24th of the units available at the start of 24th month anytime during the policy term, provided all due premiums are paid. 6 funds, at anytime during the policy term. In case of a part switch, the
annualized premium 50,000 20
10 25% 50% 60% 80% 10% 2,649,321 8.58% …… ….. There are no premium allocation charges and the entire 100% of top minimum amount switched and the balance left in the fund after
Premium frequency : Yearly, Half yearly, Quarterly, Month 12 1/13th of the units available at the start of 12th month
11-19 75% 95% 98% 100% 6% 3,472,556 4.98% up premium is invested in the selected funds. The minimum top up is switching, should be Rs. 5,000. The first 4 unit switches in a policy year
Monthly (ECS / Direct Debit is 30 …… …..
mandatory for Monthly frequency) 20-30 75% 105% 120% 130% 10% 7,085,298 8.76% Month 24 Balance units available at the start of the last month Rs 1,000 and there is no maximum limit on this. are free of charge.
Aviva New Pension Elite – Charges: 4 15% reducing at a simple rate of 0.3% for
1. Premium Allocation Charge (defined as 100% minus Allocation rate): each month completed after 3 policy years
Policy year Allocation Rate
but reducing at a simple rate of 0.4% after
payment of full 4 years premium
1 82.50%
5 8% reducing at a simple rate of 0.4% for
2 90.00%
each month completed after 4 policy years
3 onwards 100.00%
but reducing at a simple rate of 0.5% after
There is no allocation charge on top-up premiums. payment of full 5 years premium
2. Fund Management Charge (FMC):
Please note:
An FMC of 1% per annum will be applied on Pension Index Fund-II and
– Surrender value acquires only if at least one full year’s premium has
1.35% for all other funds while calculating NAV on a daily basis. It can
been paid
be increased subject to prior approval by IRDA. – Amount of surrender charge can never be more than the fund value
3. Policy Administration Charge(PAC): under the base plan on the date of surrender
Policy administration charge will be deducted by monthly cancellation – There is no surrender charge after completion of five policy years
of units from the unit account for first three years. irrespective of the number of years’ premiums paid
– There is no surrender charge on the top-up premiums, if any.
Policy year PAC (per month)
as a percentage of First Year Annualised Premium Exclusions:
1 to 3 1% No benefit is payable except fund value as on the date of notification of
death, even though Aviva Term Rider has been opted for, if death occurs
4 onwards Nil
due to suicide or attempted suicide within 12 months of the date of
4. Aviva Term Rider Charge: commencement or date of reinstatement of the policy, whichever is later.
Freelook period:
Term rider charge will be deducted by monthly cancellation of units
You have a right to review the policy terms and conditions within 15 days
from the unit account. Sample annual charges per thousand Sum
from the date of receipt of the policy document. If you cancel the policy
Assured for a healthy male are given below:
during this Freelook period, the company will refund the fund value on the
Age 25 30 35 40 date of cancellation plus the un-allocated premium (if any) plus any charge
Rs. 1.2540 1.2881 1.5785 2.3650 deducted by cancellation of units, after deducting a proportionate risk
charges and expenses incurred on medicals and stamp duty.
5. Switching Charge:
Disclosures:
There are no charges on the first 4 switches in a policy year;
– Aviva Life Insurance Company India Ltd. is only the name of the
subsequent switches are charged at 0.5% of amount switched, subject
Insurance Company and Aviva New Pension Elite is only the name
of the unit linked life insurance contract and does not in any way
to a maximum of Rs 500 per switch.
indicate the quality of the contract, its future prospects or returns.
6 Reinstatement Charge:
– The various funds offered under this contract are the names of the
In respect of every reinstatement, a “Reinstatement Charge” equal to 1.5% funds and do not in any way indicate the quality of these plans,
or 4.5% of the first year’s annual premium, if the reinstatement takes their future prospects and returns.
– Riders are not mandatory and are available for a nominal extra cost.
place respectively within 1 year or 2 years from the date of first unpaid
premium, will be recovered from the next Loyalty / Maturity Addition. – Please know the associated risks and the applicable charges, from
your Insurance agent or the Intermediary or policy document or the
7. Miscellaneous charge: insurer.
a) There will be a one time processing fee of 0.4% of Aviva Term Rider Sum – "*S&P®" and "Standard and Poor's®" are trademarks of the
McGraw-Hill Companies, Inc. ("S&P"), and have been licensed for
Assured, subject to a maximum of Rs 5000, if this rider is opted for.
use by IndiaIndex Services & Products Limited in connection with
b) Service tax and education cess will be applied as notified by the the S&P CNX Nifty Index. The Product is not sponsored, endorsed,
sold or promoted by India Index Services & Products Limited ("IISL")
government from time to time.
or Standard & Poor's, a division of The McGraw-Hill Companies,
Inc. ("S&P"). Neither IISL nor S&P makes any representation or
8. Surrender Charge:
warranty, express or implied, to the owners of the Product or any
You can surrender your policy after completion of 3 policy years. The member of the public regarding the advisability of investing in
surrender charge will be applied basis the completed years premiums securities generally, or in the Product.
paid and the date of surrender as per the table below: – Participation by bank’s customers is purely on a voluntary basis
(if applicable)
No. of full years premiums paid Surrender charge as a percentage of – The contract of insurance is between the insurer and the insured
First Year Annual Premium and not between the bank and the insured (if applicable)
Risk factors:
If less than one policy year’s No surrender value
– Unit Linked life insurance products are different from traditional
premium has been paid
insurance products and are subject to risk factors.
– The premium paid in Unit Linked life insurance policies are subject
1 32% reducing at a simple rate of 0.1% for
to investment risks associated with capital markets and the NAVs of
each month completed after 3 policy years
the units may go up or down based on the performance of the fund
2 20% reducing at a simple rate of 0.2% for and factors influencing the capital market. The insured/policyholder
each month completed after 3 policy years
is responsible for his/her decisions.
3 15% reducing at a simple rate of 0.3% for – Unit Linked Funds are subject to market risks and there is no
assurance or guarantee that the objective of the investment fund
each month completed after 3 policy years
will be achieved.
– Past performance of the investment funds do not indicate the
future performance of the same. Investors in the Scheme are not
being offered any guaranteed / assured returns.
– Insurance is the subject matter of the solicitation.
Section 41
In accordance with Section 41 of the Insurance Act, 1938, “No person
shall allow or offer to allow, either directly or indirectly, as an inducement
to any person to take or renew or continue an insurance in respect of any
kind of risk relating to lives or property in India, any rebate of the whole
or part of the commission payable or any rebate of the premium shown on
the policy, nor shall any person taking out or renewing or continuing a
policy accept any rebate, except such rebate as may be allowed in
accordance with the published prospectuses or tables of the insurer:
Provided that acceptance by an insurance agent of commission in connec-
tion with a policy of life insurance taken out by himself on his own life
shall not be deemed to be acceptance of a rebate of premium within the
meaning of this sub-section if at the time of such acceptance the
insurance agent satisfies the prescribed conditions establishing that he is a
bona fide insurance agent employed by the insurer.
Any person making default in complying with the provisions of this section
shall be punishable with fine which may extend to five hundred rupees”.
Section 45
In accordance with Section 45 of the Insurance Act, 1938, “No policy of
life insurance effected before the commencement of this Act shall after
the expiry of two years from the date of commencement of this Act and
no policy of life insurance effected after the coming into force of this Act
shall, after the expiry of two years from the date on which it was effected
be called in question by an insurer on the ground that statement made in
the proposal or in any report of a medical officer, or referee, or friend of
the insured, or in any other document leading to the issue of the policy,
was inaccurate or false, unless the insurer shows that such statement was
on a material matter or suppressed facts which it was material to disclose
and that it was fraudulently made by the policy-holder and that the
policy-holder knew at the time of making it that the statement was false
or that it suppressed facts which it was material to disclose:
Provided that nothing in this section shall prevent the insurer from calling
for proof of age at any time if he is entitled to do so, and no policy shall
be deemed to be called in question merely because the terms of the policy
are adjusted on subsequent proof that the age of the life insured was
incorrectly stated in the proposal.”
About Aviva
Aviva Life Insurance is a joint venture between Dabur Group and Aviva Group
– a UK based insurance group, whose association with India goes back to
1834. By choosing Aviva Life Insurance you benefit from the management
experience of one of the world’s oldest Insurance Group, with a history dating
back to 1696. Today, Aviva has 50 million customers in over 27 countries.
Founded in 1884, Dabur is one of India’s oldest and largest groups of
companies. It is the country’s leading producer of traditional healthcare
products.
Aviva New Pension Elite
Annexure
1. Under this product, you can pay premiums yearly, half yearly, quarterly
or monthly. There is a grace period of 30 days to pay your premiums
for all payment frequencies. Monthly premium has to be by Direct
Debit / Electronic Clearing System (ECS) only.
2. Discontinuance of Premium:
Incase you discontinue premium payment within first 3 policy years,
then:
– All risk cover, if any, shall cease immediately and death benefit shall
be equal to the fund value of regular and top-up premiums.
– All charges except the rider charges, if any, shall continue to be
deducted from the unit account.
– The policy can be reinstated within two years from the due date of
first unpaid premium.
– If the policy is not reinstated within the reinstatement period then
the company shall be liable to pay the Surrender Value, if any, at the Queries and Complaints
end of the reinstatement period or at the end of three policy years,
If you would like additional information or
whichever is later, and the contract shall terminate thereafter.
Incase you discontinue premium payment after payment of first 3 if you have any queries or complaints,
years’ premium, then: please contact us at the numbers given below:
– The policy shall remain in force for full risk cover, if any, during two
years from the due date of first unpaid premium, during which
Aviva New Pension Elite
period the policy can be reinstated. For more details, call us at 1800 180 2244
– If the policy is not reinstated within that period, then the policy
(Toll-free for BSNL/MTNL users)
shall be terminated by paying you the Surrender Value.
or 0124-2709046, SMS “Pension” to 5676737 A unique plan to secure the family’s lifestyle on your
– During the reinstatement period, you shall have following options:
a) surrender the policy and take the surrender value retirement or untimely death.
b) continue the policy without paying further premium(s) for the full
policy term or till the surrender value pertaining to regular
premiums reaches an amount of first year annual premium,
whichever is earlier. This option can be exercised by giving a written
notice within 60 days from first unpaid premium.
Reinstatement of the policy after expiry of grace period will be subject to You may also contact :
underwriting requirements and Reinstatement Charge (as mentioned
under “Charges”).
Any Loyalty Addition, if due during the reinstatement period, will be
payable after the policy is reinstated.
Auto foreclosure clause: After paying at least first three-year’s premium,
if the regular premium payment is discontinued and then surrender value
of units pertaining to regular premium reaches an amount equivalent to
first year annual premium, then the policy shall be terminated with
advance notice by paying the Surrender Value to the Policyholder.
3. Net Asset Value (NAV) calculation: When Appropriation/
Expropriation is applied the NAV of a Unit Linked Life Insurance
product shall be computed as, market value of investment held by
the fund plus/less the expenses incurred in the purchase/ sale of the
assets plus the value of any current assets plus any accrued income
net of fund management charges and applicable Service Tax less the
value of any current liabilities less provisions, if any. This gives the
NAV of the fund. Dividing by the number of units exiting at the
valuation date (before any new units are allocated/ redeemed), An initiative to provide education
to underprivileged children.
gives the unit price of the fund under consideration.
Visit www.avivaindia.com to know
4. First premium will be allocated based on the NAV of the date of
more or make a contribution.
commencement of the policy. For renewal premiums received through
outstation cheque, NAV of the clearance date or due date, whichever
is later, will be applied.
5. Transaction requests (including renewal premiums by way of local
cheques, demand draft, switches etc) received before the cutoff time
will be allocated the same day’s NAV and the ones received after the
cutoff time will be allocated next day’s NAV. The cutoff time will be as
per IRDA guidelines from time to time, which is currently 3:00 pm.
6. The premium shall be adjusted on the due date even if it has been
received in advance. Also, Aviva will not accept any amount less than
the due stipulated regular premium payable stated in the policy
schedule. A Joint Venture between Dabur Group and Aviva Group
7. There is no provision of loan on the policy Aviva Life Insurance Company India Ltd.
Aviva Tower, Sector Road, Opposite Golf Course, DLF Phase-V,
8. There is a provision for nomination, for the death benefit payable,
Sector 43, Gurgaon-122 003
under the policy as per Section 39 of the Insurance Act, 1938.
www.avivaindia.com
9. Assignment, in accordance with Section 38 of the Insurance Act,
Registered Office: 2nd Floor, Prakashdeep Building, 7, Tolstoy Marg, New Delhi-110 001
1938, is permitted under this policy.
Advt. No.: 1356 Jan.2010
10. Aviva will not be liable to any claim until acceptance of risk and receipt
of premium in full. Insurance is the subject matter of the solicitation. UIN: 122L073V01