Aviva Wealth Plus:

A Wealth Plus Policy
Aviva Wealth Plus is a policy by which you can secure the postretirement years for your spouse.  This policy is tailor made for those of you who do not want to have any financial problems once you retire.  For this purpose, the company offers a loyalty addition of up to 8% on maturity to enhance the maturity benefit.

In the unfortunate event of death of the Proposer, all future premiums will be waived off and invested as a lump sum amount in to the funds so that the policy can continue.  Since this benefit is there, the surviving members of the insured person’s family need not worry that they have to make the insurance payments if they are not able to.

Good Benefits
If the person insured is critically ill, and his illness is covered under the policy, his family will get a regular income from the company if he has opted for the Aviva Family Income Benefit rider.  If the person insured and critically ill happens to be the only breadwinner of the family, he/she can secure his/her family financially this way.

The Aviva Wealth Plus policy offers in the case of death of the insured person, the nominee will receive the benefits that has been opted by the insured person when applying for the policy.  Either higher of the life cover or fund value or life cover plus the existing fund value.  

If the insured person has opted for an AD&D rider and if one dies in an accident, an additional life cover would also be paid to the nominee.  In case the proposer dies, 75% of the sum of all future premiums will be paid to the unit account of the policy by the company.  The 25% that remains will be paid along with the maturity benefit at the time of maturity and the policy continues without any future payments of premium.

According to the Aviva Wealth Plus policy, upon maturity, the policy holder will get the fund value as well as any loyalty additions that are applicable during his policy term.  Aviva Wealth Plus policy has a great deal to offer a person who is thinking of securing his/her life after retirement.