Aviva Money Back:

Aviva Money Back Policy is a plan that is designed for you to be able to accumulate your savings along with valuable Life cover protection. 

As the name goes, after the completion of a certain number of years that you have bought this policy, you are eligible to get back a certain amount. This is the plus point of this policy and this is the difference it makes from the other policies of Aviva.  

Added features of the policy
If you are in a situation where you need money urgently, instead of borrowing on interest or pledging your jewels you can tell the company that you want to avail of this benefit and get the money for your required use and relax.  In other words this is known as the Survival Benefit.

Anyone aged between 12 years to 58 years are eligible to apply for this policy.

The policy term is 12, 15, 18, or 21 years and you can pay the premium either monthly, quarterly, half yearly or annually.  Annual minimum payment should not be below 5000 rupees and the maximum payment depends on the sum assured.

According to the death benefits in this policy, in the case of your unfortunate death, full life cover along with vested guaranteed additions and vested simple reversionary bonuses will be paid to the nominee. 

Suppose you die in an accident and you have opted for the ADB rider, an additional sum will also be paid to your nominee along with the above mentioned.

In the Aviva Money Back policy, on maturity of the premium, you are eligible to get 120% of the life cover minus the survival benefits you have already availed. 

But you will receive your guaranteed additions of the first three policy years and vested simple reversionary bonuses declared from year four.

This is a good policy to buy because it is safe and it offers a variety of benefits not only to the policy holder but also to the beneficiaries.