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A Viva Freedom Life Advantage

A Viva Freedom Life Advantage

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Aviva Freedom Life Advantage

A flexible plan to help you meet any financial goal.

AVIVA
Life Insurance

Loyalty Addition: You will get Fund Value related Loyalty Additions on various policy years as per the table given below.00. PSUFund and Protector Fund-II depending on your investment objectives and also investment flexibility through the Systematic Transfer Plan (STP)and Automatic Asset Allocation (AAA) .~ 1. Dynamic PIE Fund. Top-up Sum Assured Annual premium Top-up premium Riders available Premium frequency Lock-in Period for Annual Premium Lock-in Period for Top-up Premium 1. Enhancer Fund-II. • 9 fund options to select from basis your risk appetite I Aviva Freedom Life Advantage .Enhanced protection with choice of one or more of our contemporary riders providing additional Death Benefit. as on the maturity date. if any.Half-Yearlyand Monthly (through ECSonly) Grace period for Yearlyand Half-Yearlyfrequency is 30 days and for Monthly frequency is 15 days 5 Yearsfrom the date of commencement of the Policy 5 Yearsfrom the date of allocation of Top-up Premium iii recognizes this and offers you a plan that provides for all your financial goals.Easy liquidity through free partial withdrawals after 5 years I[Aviva Freedom Life Advantage . whichever is higher plus Top-up Sum Assured or Fund Value pertaining to Top-up Premiums (if any). .5 x PTx Annual Premium whichever is higher For PPT= PT Minimum: 1. you will receive the Fund Value pertaining to regular premiums.Balanced Fund-II. Maximum: No limit. whichever is higher.Flexibility to increase the level of protection and savings during the Policy Term .IN THIS POLICY. planning for that dream home or providing for your retirement.Eligibility Decide the corpus you wish to build for your future and the time when the same should be available.Joint life option to secure your spouse under the same policy .Choice of 9 Unit-Linked funds . Also choose the Premium Payment Term (PPT) and Premium Payment Frequency (PPF) based on your convenience Choose the funds you want to invest in depending on your risk appetite. Index Fund-II.High allocation rates and a competitive charging structure . These Loyalty Additions are added to the units pertaining to regular premium in the various fund(s) in the proportion same as that of the defined regular premium distribution.000 for PPT =PT. cover against critical illness and permanent total disability Superior investment returns Obtain superior investment returns with: .05 x PTx Annual Premium Maximum: 2. THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. subject to underwriting Minimum ~ 5. Loyalty Additions once allotted shall continue to be attached and payable under all events. This will influence the choice of premium and the Policy Term Choose the level of protection you desire • Cover on single or Joint life with spouse • Level of life cover • Optional Riders Choose the amount of premium you wish to pay.25 x Top-up premium Minimum: ~ 25.000.5 x PTx Annual Premium. which will be determined by Steps 1 & 2. During this period the policy is deemed to be in-force with full risk cover as per terms and conditions of the policy and Death Benefit described above shall be payable during this period.Unique Attractions Comprehensive Protection Comprehensive protection to you and your family in case of your unfortunate death by: . subject to a maximum of ~ 50 Lacs is also payable if the age of the Life Insured is between 18 to 60 years last birthday at the time of death and the death is because of an accident. whichever is higher Maximum: For Entry Age <=40 years 20 X Annual Premium For Entry Age>40 years 10 x Annual Premium or 0. Growth Fund-II. the policy will terminate by paying the Death Benefit as defined above on first death.Regular Loyalty Additions during the term Greater convenience .5 x PTx Annual Premium Death Benefit: In case of the unfortunate death of the Life Insured during the term of the policy and subject to the condition that all due premiums have been paid. be it saving for your child. We recognize that you need the right combination of protection and savings which may change during different stages of your lifetime. whichever is higher . Maturity Benefit: On survival till the maturity date.75 years (age of elder life in caseof joint life policies) 15 to 30 years subject to maximum maturity age 5 yearsor same as PolicyTerm Minimum: 10 x Annual Premiumor 0. Infrastructure Fund.Benefits II Minimum Entry Age (last birthday) 2 years(without riders) 18 years (single life with rider(s)and both lives for joint life policieswith or without rider(s)) 60 years (single life or joint life without riders) Maximum entry age (last birthday) (age of 55 years (single life with riders or) elder life to be considered 50 years fjoint life with riders) for joint life policies) Maturity Age (last birthday) PolicyTerm (PT) Premium Payment Term (PP1) Base Sum Assured 18 . Aviva Freedom Life Advantage provides you the flexibility to change r plan as per your chan needs.Payment of the Sum Assured or the Fund Value. An Accidental Death Cover. Bond Fund-II. subject to underwriting On life of Insured: Aviva Dread Disease(DD) Rider Aviva Term PlusRider Yearly. The amount of Accidental Death Sum Assured shall be specified in the Policy Schedule. If a policy is discontinued.000 for PPT=5 Maximum: No limit. the nominee will receive the Base Sum Assured or Fund Value pertaining to regular premiums. the Company shall send a notice within a period of 15 days from the date of expiry of grace period to the Policyholder to exercise the option to revive the policy within a period of 30 days of receipt of such notice. If the policy is issued on joint life basis with spouse. Loyalty Additions shall be allocated only if all the due regular premiums till the due date of respective Loyalty Addition are paid. Aviva Freedom Life Advantage . Top-up Premiums and Loyalty Addition.

you have the option to withdraw completely from the policy at any time after the commencement of the policy.00. the Fund Value pertaining to regular premiums and Top-up Premiums. if any and eligible. The minimum return prescribed may change subject to regulatory guidelines from time to time.Policy Year Loyalty Addition as a percentage of Fund Value pertaining to regular premium If Annual Premium is <f 1 Lac If Annual Premium is :of 1 Lac 3. The payout option allowed is as a fixed units per payout or fixed amount per payout on a monthly. if opted will cease immediately. The minimum balance after partial withdrawal should not fall below first year annual premium for Premium Paying Term of 5 years. will be as per prevailing tax laws.34% 4. Benefit Illustration: This illustration is for a male aged 35 years. subject to a minimum of 25%.30% 4.000 7.34% 4.000 15.000 63. quarterly. Tax Benefits Tax benefits to change. of the Maturity Benefit that you want to be paid as structured payouts through this Settlement Option. and from Fund Value pertaining to Top-up Premiums are allowed after 5 years from the date of payment each of Top-up Premium. all investment risks shall continue to be borne by you. which depends on a number of factors including future investment performance.50. Protection Please note: The values shown above include all charges and prevailing Service Tax (10.00. by giving a written notice at least 15 days before maturity This option is allowed only if you have paid all due regular premiums. Partial withdrawals and Unit switches will not be permitted during the Payout Term. You have the right to withdraw any rider by giving us a written notice of at least 15 days prior to the policy anniversary. Tax laws are subject End of 10th policy year End of 13th policy year and thereafter at the end of every subsequent 3rd policy year 3.44% 8.75% Please note that the Fund Value pertaining to Top-up Premiums will not be eligible for Loyalty Addition Settlement option This option allows you to keep your money invested in the fund even after maturity and enables you to receive the same systematically over a period between 1 to 5 years.00% 1.25. If the age of insured (age of elder in case of joint life policy) at the time of death is below 60 years. the rider cannot be taken again.00. The Fund Value as on the date of withdrawal will be credited to the Discontinued Policy Fund after deduction of applicable discontinuance charge and will be refunded at the end of lock-in period. all withdrawals made after age 58 of insured will be reduced from the Death Benefit. Both the lives insured shall be entitled for the rider benefits independently.00. The Death Benefit shall be the balance Fund Value If at any time during the settlement option period.17% 4. there will be no charges applied and your fund will continue to earn a minimum return of 3.00% Partial Withdrawals This plan addresses any liquidity concerns you may have by allowing you to withdraw money from your fund without complete withdrawal of your policy.000 25.30% 4. .500 10. the Fund Value falls below the first year annual regular premium then the Fund Value shall be paid to the Policyholder immediately and the policy shall terminate. During the settlement option period.Protection and Investment Options Options A.48% 5.17% 8.000 21.000 1. No charges except the Fund Management Charge shall be levied during the Payout Term.000 2. Partial withdrawals are permitted only if Life Insured has attained age 18 years last birthday.5% per annum compounded annually. Partial withdrawals from Fund Value pertaining to regular premiums are allowed after completion of first 5 policy years. riders if opted are applicable for both the lives insured. The maximum limit is not applicable on the withdrawal from Fund Valuepertaining to Top-up Premiums. The partial withdrawal will be made first from the Fund Value pertaining to Top-up Premium. shall be paid to you and the policy will terminate. The riders can be opted for at inception only. Complete withdrawal after 5 policy years: On complete withdrawal after the lock-in period of 5 years. You may make upto 4 partial withdrawals in a policy year. Riders (Please see key feature of riders for complete details) This plan offers you 2 specially designed riders.000 and maximum being 25% of the Fund Value pertaining to regular premiums as at the beginning of such year. the sum of partial withdrawals made during last 2 years will be reduced from the Death Benefit to arrive at the Death Benefit payable.46% 8.37% 8.87.27% 8. All these payments will be made as arrears and there will be no risk cover during the settlement period.000 42. Complete withdrawal during first 5 years: On complete withdrawal during the lock-in period of 5 years. Once withdrawn.) 4.17% 4. During such period.17% 8.50. and 2 times of first year annual premium for Premium Paying Term equal to Policy Term. This option can be opted at maturity only. which you may select to optimize protection offered by your policy. You shall have to state the proportion. In case of joint life policies.75.000 31.00% 2.000 789284 1261 172 1 528496 3243642 1 578568 2522343 3056991 6487283 3228939 5150285 6305052 13 352 908 6457878 10300570 12668286 26828373 I Aviva a) Freedom Life Advantage .37% 8. However.000 50.00. with the minimum withdrawal amount being f 5. the risk cover under the policy as well as any riders. and then from the Fund Value pertaining to regular premium. Complete withdrawal There is a lock-in period of 5 years under this policy. In case the age of insured (age of elder in case of joint life policy) exceeds age 60 at the time of death. (Premium Paying Term Policy Term) = Annual Premium ro Sum Assured ro Policy Term (years) 20 30 20 30 20 30 20 30 Gross Investment Return (%) 6% 10% 6% 10% 6% 10% 6% 10% 6% 10% 6% 10% 6% 10% 6% 10% Pro'ected Fun3 Value at Maturity ro Yield Net of Charges (% p. opting for minimum Sum Assured. half-yearly or yearly basis through cheque or direct credit / ECS (mandatory for monthly and quarterly frequency).45% 4.a. if any. pays premiums yearly and invests 100% into the Enhancer Fund-II. The maximum limit of 25% is not applicable if the age of Life Insured is more than or equal to 58 years (age of elder in case of joint life policy) at the time of such withdrawal.3% including cess) The assumed rates of return shown in the illustration above are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy.27% 8.

000. Benign brain tumour. The revised Sum Assured will be applicable from the Policy Anniversary falling immediately after the acceptance of request and communication of the same to the policyholder in writing. The premium will not change if this option is exercised. cover increases. The increase shall be subject to underwriting and the company reserves the right to decline the increase in Sum Assured and/or impose extra mortality charges in case of adverse health conditions at that time.00. Cancer. STPis available as a weekly and a monthly option. In case the rider premium crosses the limits prescribed by the Regulator on riders' premium. There is a waiting period of 180 days for this rider from the date of commencement of the policy or the date of revival of the policy. This has the effect of averaging out the risks associated with the equity market. Major organ transplant. Motor Neurone Disease. immediately on allocation of premium into different funds as decided by you. However. units from Protector Fund-II to Enhancer Fund-II are transferred through automatic switching free of charge. Coronary artery bypass surgery. The premium will not change if this option is exercised. Aviva Term Plus Rider [UIN: 122B017V01] This rider pays Aviva Term Plus Rider Sum Assured in addition to the Death Benefit payable under the policy. End stage lung disease and Aplastic Anaemia. The reduced cover multiple should not be less than the minimum Sum Assured allowed under the policy.000 and the maximum can be upto the base Sum Assured. Deafness. whichever is earlier Premium Payment Term or age 70. then the rider won't be offered. c) Option to reduce Base Sum Assured: This option allows you to reduce your Sum Assured. the rider Sum Assured shall be paid immediately and the policy will continue without this rider.e. However all investments through this option are still subject to investments risks which shall continue to be borne by you This facility is available to you if you pay premium on yearly basis and at least 10% of premiums are allocated to Protector Fund-II This feature will enable automatic switching as detailed below. if opted under the policy. Stroke. Investment Options a) Systematic Transfer Plan (STP) This option allows you to enter and exit the equity market not abruptly at once but slowly at different times and at different levels. whichever is earlier - in case your need for protection decreases. Aviva Dread Disease (DO) Rider [UIN: 122B014V01] If this rider is opted for.e. allows you to increase your Sum Assured. The decrease in Sum Assured shall also apply to Aviva Dread Disease Rider and Aviva Term Plus Rider. cover multiple. in case of revival. no other switches into or from the Protector Fund-II is allowed during the period of switching from Protector Fund-II and correspondingly from Enhancer Fund-II during the switching from Enhancer Fund-II The 12/52 switches carried under STP will be free of cost and the restriction of minimum switch amount and minimum balance after switch is not applicable for switching under STP Systematic Transfer Plan (STP) option can be started at inception or on any Policy Anniversary during the term of the policy except last three . rider premium may be reduced proportionately Sum Assured. provided the age of Life Insured (elder insured in case of joint life policy) is less than or equal to 45 years.00. Base Premium of the policy would not be altered over the currency of the contract due to any increase in Sum Assured.e. B. End stage liver disease. then upon Permanent Total Disability due to illness or accident OR contracting any of the listed 18 Critical Illnesses. b) Option to increase Base Sum Assured: This option multiple. Multiple Sclerosis. The option can be exercised after 3 policy years by giving a written notice at least 15 days before the Policy Anniversary. Heart Valve Surgery. Paraplegia. such that it always remains less than or equal to the Base Sum Assured. Base Premium of the policy would not be altered over the currency of the contract due to any reduction in Sum Assured. Coma. This facility is available if you have opted for a cover multiple more than the minimum multiple allowed under this policy. The option can be exercised after 3 policy years by giving a written notice at least 15 days before the policy anniversary. the following proportion of units will be switched from the Enhancer Fund-II to the Protector Fund-II: Month 1 Month 12 Month 24 1124th of the units available at the start of 24th month 1/13th of the units available at the start of 12th month Balance units available at the start of the last month In case STPis opted. Under this. Reverse STP: During the last 2 years (i. The minimum Sum Assured allowed under Aviva DD Rider is ~ 2. subject to underwriting. i. i. The revised cover multiple should not be more than the maximum limit allowed under the policy. thus reducing the overall risk you face. The increase in Sum Assured shall not apply on any rider. Aorta Graft Surgery.Please refer the table below for coverage term of each rider: Rider Aviva Dread Disease Rider Aviva Term Plus Rider Coverage term Premium Payment Term or age 65. Please note that Sum Assured under each rider should not exceed the Base Sum Assured and the sum of rider premiums should not exceed the regulatory limit which is currently 30% of the base premium.000 and a maximum of ~ 50. The minimum Sum Assured allowed under this rider is ~ 50. The critical illnesses covered under this rider are: Heart Attack. End stage kidney failure. This facility is in case your need for protection In case of monthly STP: Month 1 Month 6 Month 12 1/12th of the units available at the end of Month 1 117th of the units available at the end of Month 6 Balance units available at the end of Month 12 available if you have opted for a cover multiple less than the maximum multiple allowed under this policy and all the due premiums are paid till date. in the following In case of weekly STP: Week 1 Week 26 Week 52 1/52th of the units available at the end of Week 1 1127th of the units available at the end of Week 26 Balance units available at the end of Week 52 pattern: due to reduction in Rider The age here means the age of the insured (age of elder life in case of joint life policies). if opted under the policy. under all the policies issued by the company with this rider or any other critical illness rider. Blindness. last 24 months) before maturity.

At the end of every year. if your premium frequency is yearly. as you grow older. You can opt for AAA only at the inception of the policy. no other switches into or from the Bond Fund-II and Enhancer Fund-II is allowed. Y is your age at exercising AAA and Z is your current age. or Maturity This plan provides you the flexibility to simultaneously invest in one or more of the nine unit-linked funds. the accumulated Fund Value will be automatically redistributed through switching between Enhancer Fund-II and Bond Fund-II using the formula: Allocation to Enhancer Fund-II = X% . You may request to restart this option later. Balance will be allocated to Bond Fund-II.000 Top-up will not be allowed in last 5 policy years There would be "Lock-in-period" of five consecutive years from the date of allocation of each Top-Up Premium. long-term capital growth with high equity exposure. High d) Investment Funds . Once discontinued. You can invest 100% of your premiums in any of the funds or choose a combination of funds. notice at least 30 days prior to the Fund Name and Objective Bond Fund-II To generate a steady income through investment in high quality fixed-incomesecurities. STPcannot be opted along with Automatic Asset Allocation (AAA) Low b) Automatic Asset Allocation (AAA) Plan This option helps you to automatically decrease your exposure to equity and increase your exposure to debt. Allocation to any other fund is not allowed when AAA is opted. The minimum Top-up Premium is 1{ 5. 15-70% 30-85% High Enhancer Fund-II To provide aggressive. 3. Your first year premium will be allocated as per the proportion specified by you. 80-100% 0-20% Low Balanced Fund-II To generate a Balanceof capital growth and steady returns. 0-40% 60-100% High PSU Fund To generate steady returns through investment in PSU and related equities 0-40% 60-100% High Infrastructure Fund To generate steady returns through investment in infrastructure and related equities 0-40% 60% -100% High Index Fund-II To generate returns in line with the stock market index . AAA can not be opted along with STP. The restriction of minimum switch amount and minimum balance after switch is not applicable for switching under AAA The future premiums will also be allocated into Enhancer Fund-II and Bond Fund-II using the above formula every year. 55 -100% 0-45% Medium Growth Fund-II To generate long-term capital appreciation with high equity exposure. Death of Life Insured. Top-up Premiums will carry a Sum Assured of 1. During the period when AAA is operational. This option relies on the fact that an individual's risk appetite reduces with age and he tends to be more conservative with his investment. AAA may be stopped on any Policy Anniversary by a written request at least 30 days prior to the Policy Anniversary.Y) Where X% is the initial allocation into Enhancer Fund-II. The allocation to Equity and Equity Related Securities is determined with reference to the Forward Price Earning (PIE) multiple of the NSE S & P CNX Nifty index and the remainder Debt and Money Market instruments.policy years. this option can not be restarted. payment with respect to units pertaining to Top-up Premiums will be made only in case the policy is terminated due to: Forward Price-earnings Multiple* (PIE) s 14 14> and s 17 17> and s 20 20> and s 23 > 23 Allocation in Equity and Equity Related Securities 80% to 100% 75% to 100% 65% to 85% 55% to 75% 0% to 55% Allocation in Debt and Money Market Related Securities 0% to 20% 0% to 25% 15% to 35% 25% to 45% Upto 100% Risk Reward Profile 1. During this lock-in period no partial withdrawal will be allowed.~erm )*(Z .S&PCNX NIFTY Debt and Money Market Equities 0-20% 80%-100% High Fund Name and Its Objective Dynamic PIE Fund: To provide long term capital appreciation through dynamic asset allocation between Debt and Equity.( pOI~.25 times of the Top-up Premium paid. c) Protector Fund-II To generate steady returns with a minimum exposure to equities. or 2. provided all due premiums are paid. Complete withdrawal from the policy after the lock-in-period of first five years from the commencement date. Choose the initial allocation into Enhancer Fund-II and Bond Fund-II. This option provides you the flexibility of leveraging the returns from equity market and secure/book the profits by the way of Auto Asset Allocation (balancing) as he advances in his age. by giving a written policy anniversary. is invested in Top-up You have the option to make additional lumpsum investments through top-ups anytime during the Policy Term. Asset Allocation Debt and Money Market Equities Debt and Money Market Equities Debt and Money Market Equities Debt and Money Market Equities Debt and Money Market Equities Debt and Money Market Equities Debt and Money Market Equities 100% 0% Risk Profile STP may be stopped on any Policy Anniversary by a written request at least 30 days prior to the Policy Anniversary. However.

Radioactive contamination due to a nuclear accident. its future prospects or returns. for all future premiums. social disorder.4250 30 1. Minimum and maximum limits on asset categories. is only the name of the Insurance Company and Aviva Freedom Life Advantage is only the name of the Unit Linked life insurance contract and does not in any way indicate the quality of the contract. after deducting proportionate risk charges and expenses incurred on medicals and stamp duty.5% of amount switched. please refer the rider key feature.35% p. will be deducted by monthly cancellation of units from the unit account. military or usurped power. Disclosures Aviva Life Insurance Company India Ltd. If you cancel the policy during this Freelook period. subsequent switches are charged at 0.1 0% of Annual Premium per month. Exclusions: No benefit is payable except Fund Value as on the date of notification of death. e) Premium Re-direction You have the option to redirect your premiums to different funds at anytime. if unavailed in a policy year. Forward PIE Multiple is defined as . 3. Freelook period You have a right to review the policy terms and conditions within 15 days from the date of receipt of the policy document. riots. at anytime during the Policy Term. mountaineering and hot -air ballooning. will be applied for all funds while calculating NAV on a daily basis. which results in diversification and consequently lower risk.7938 40 2. Miscellaneous charge Service Tax and Education cess will be applied as notified by the government from time to time. Failure to seek and follow medical treatment and advice from a registered and qualified medical practitioner immediately following an accident. or willful participation in acts of violence.a. Where the policy is discontinued during the policy year Discontinuance charges for policies having Annualised Premium (AP) of ~25000 Lower of 20% of (AP or Fund Value) subject to a maximum of ~ 3000 Lower of 15% of (AP or Fund Value) subject to a maximum of'!' 2000 Lower of 10% of (AP or Fund Value) subject to a maximum of ~ 1500 Lower of 5% of (AP or Fund Value) subject to a maximum of ~ 1000 Nil Discontinuance charges for policies having Annualised Premium (AP) above ~ 25000 Lower of 6% of (AP or Fund Value) subject to a maximum of ~ 6000 Lower of 4% of (AP or Fund Value) subject to a maximum of'!' 5000 Lower of 3% of (AP or Fund Value) subject to a maximum of ~ 4000 Lower of 2% of (AP or Fund Value) subject to a maximum of ~ 2000 Nil 1 2 3 4 5 and onwards I Aviva 1. we will use alternate source as approved by IRDA. f) Unit switches You may switch your accumulated funds (partly or fully) between the 9 funds. The first 12 unit switches in a policy year are free of charge These free switches. if applicable. you should opt for a mix of all funds. The minimum allocation in each selected fund must be 10%. rebellion. ~ 0. Switching Charge There are no charges on the first 12 switches in a policy year. Rider Premium The Rider Premium will be payable separately and there will be no investment or Surrender Value pertaining to this premium. if any. shall not be carried forward.000. Any condition existing prior to the Commencement Date unless it has been previously disclosed to the Company before or at the time of application for this Insurance. have been determined to have the investment flexibility in the fund to take the advantage of investment opportunities vis-a-vis risks involved. insurrection. upto 2 times in a policy year. Any form of war. For rider exclusions. # Forward Price Earnings (PIE) Multiple is the ratio of the current stock price of the company to its estimated Earnings Per Share for the next year. as defined below."The Company reserves the right to review the PIE bands from time to time depending upon the investment outlook.Charges Premium Allocation Charge (defined as 100% minus Allocation Rate) Allocation Rate will depend on the policy year as detailed below: Policy Year Annual Premium <1 lac 94% 96% 98% Allocation Rate Annual Premium >=1 lac 94% 96% 100% 1 2 to 5 6 onwards Allocation 2. The additional benefit on account of Accidental Death during the Policy Term shall not be payable if the Accidental Death is caused or aggravated directly or indirectly by: Alcohol or drug abuse including drug taking other than prescribed by a medical practitioner. if any. but helshe should not avoid the treatment knowingly. 5. Aviation other than as a passenger in a commercially licensed passenger aircraft. subject to a maximum of t 400 per month. should be ~ 5. willful self-inflicted injury. subject to a maximum of ~ 500 per switch. Participation in sports or pastimes of a hazardous nature including (but not limited to) parachuting. . suicide or attempted suicide or unreasonable failure to seek or follow medical advice. potholing. Mortality Charge Mortality Charge will be deducted by monthly cancellation of units from the unit account. the minimum amount switched and the balance left in the fund after switching. Sample annual charges per thousand Sum Assured for a healthy male are given below: 7. Rate (For Top-up premium): 98% Charge (FMC) Fund Management A FMC of 1. if the same is permissible by IRDA. if death occurs due to suicide or attempted suicide within 12 months of the date of commencement or date of revival in case of revival. 6. I~ I Age 25 1.6875 In addition to above mortality charge. any crime committed by the insured. 8. 4. claim eligibility will be subject to the provisions of Section 45 of the Insurance Act 1938.4638 35 1. The word "immediately" here does not mean that the insured should approach instantly to a medical practitioner in case of an accident. Discontinuance Charge There will be no discontinuance charge on Fund Value pertaining to Top-up Premium. Ideally. Engaging in racing of any kind other than athletics or swimming. Policy Administration Charge (PAC) A Policy Administration Charge of 0. as above. civil war. If these sources stop publishing the indices. hostilities (whether war be declared or not). Freedom Life Advantage . However. The unused options cannot be carried over to the future years and limit is 2 times in a policy year.60 per 1000 Sum Assured will be charged for in-built Accidental Death Benefit. Current Level of Nifty 50 Index Forward PIE Multiple Forward Nifty 50 Index EPSfor next fiscal year The source of the Nifty 50 Index will be NSE & the source of Forward EPS will be Bloomberg. It is recommended that your choice of funds be based on your investment objectives and your appetite for risk. In case of a part switch. You may kindly note that: Investment in Debt and Equity would include Debt and Equity Derivatives. invasion. the company will refund the Fund Value on the date of cancellation plus the unallocated premium (if any) plus any charge deducted by cancellation of units.

or friend of the insured. the lock-in period) and after addition of interest subject to the minimum interest rate as prescribed by the IRDA from time to time for the period for which the policy remained in the Discontinued Policy Fund. sold or promoted by India Index Services & Products Limited ("IISL") or Standard & Poor's. The insured/policyholder is responsible for his/her decisions. ("S&P"). the policy can not be revived. then the policy shall automatically vest in the name of such child on attaining age 18 years last birthday.a UK based insurance group. either directly or indirectly. Complete withdrawal from the policy without any risk cover Revival of the policy Where the Policyholder exercises the option to revive the policy. Neither IISL nor S&P makes any representation or warranty. a division of The McGraw-Hili Companies. gives the unit price of the fund under consideration. S. whose association with India goes back to 1834. 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. market value of investment held by the fund pius/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. The proceeds of a discontinued policy shall be payable only after the completion of first five policy years (i. any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy. Unit Linked Funds are subject to market risks and there is no assurance or guarantee that the objective of the investment fund will be achieved.50% p. express or implied. Complete withdrawal from the policy without any risk cover If the Policyholder exercises the option of complete withdrawal from the policy without any risk cover within the lock-in period. to the owners of the Product or any member of the public regarding the advisability of investing in securities generally. Today. "*S&P®" and "Standard and Poor's®" are trademarks of the McGrawHill Companies. Currently the minimum interest rate is 3. First premium will be allocated based on the NAV of the date of commencement of the policy. 3. Risk factors Unit Linked life insurance products are different from traditional insurance products and are subject to risk factors. or in any other document leading to the issue of the policy. . ii. Riders are not mandatory and are available for a nominal extra cost. Dividing by the number of units existing at the valuation date (before any new units are allocated! redeemed). 1938. 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 connection 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. Past performance of the investment funds do not indicate the future performance of the same. Options available to the Policyholder upon discontinuance of the policy A Policyholder is entitled to exercise one of the following options upon the discontinuance of the policy: Revival of the policy. Insurance is the subject matter of the solicitation. Founded in 1884. Aviva will not accept any amount less than the due stipulated regular premium payable stated in the policy schedule. if any. Please know the associated risks and the applicable charges. Investors in the Scheme are not being offered any guaranteed / assured returns. within the grace period. or referee. Aviva has 53 million customers in over 27 countries. ("S&P"). In accordance with Section 41 of the Insurance Act. the policy shall continue with full risk cover. I Aviva Freedom Life Advantage Annexure 1. the Fund Value of the policy after deducting discontinuance charges (mentioned in charges section). compounded annually. 1938. or ii.- I Section 41 The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans. "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. It is the country's leading producer of traditional health care products. Grace Period: There is a grace period of 30 days to pay your premium for Yearly and Half-Yearly modes & 15 days for Monthly mode. nor shall any person taking out or renewing or continuing a policy accept any rebate. 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. on the date of discontinuance of the policy shall be credited to the Discontinued Policy Fund. This gives the NAV of the fund. Inc. The Product is not sponsored. their future prospects and returns. 4. was inaccurate or false. Section 4S In accordance with Section 45 of the Insurance Act." About Aviva Aviva Life Insurance is a joint venture between Dabur group and Aviva group . The proceeds of the Discontinued Policy Fund shall be refunded only upon completion of the lock-in-period. 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. Dabur is one of India's oldest and largest groups of companies. the Company shall send a notice within a period of 15 days from the date of expiry of grace period to the Policyholder to exercise the option to revive the policy within a period of 30 days of receipt of such notice. Where a policy is discontinued. The premium shall be adjusted on the due date even if it has been received in advance. with a history dating back to 1696. Any person making default in complying with the provisions of this section shall be punishable with fine which ma extend to five hundred rupees". Once a policy is moved to Discontinuance Fund. Inc. No policy shall be treated as discontinued if. The premiums and funds are subject to certain charges related to the fund or to the premium paid and there is a possibility of increase in charges. or in the Product. The premium paid in Unit Linked life insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market. "No person shall allow or offer to allow. endorsed. Net Asset Value (NAV) calculation: When Appropriation / Expropriation is applied the NAV of a Unit Linked Life Insurance product shall be computed as.a. the premium has not been paid due to the death of the Life Insured or due to the happening of any other contingency covered under the policy when the premiums are not required to be paid. 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 policyholder and that the policyholder 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. By choosing Aviva Life Insurance you benefit from the management experience of one of the world's oldest Insurance Group. 2. The revival of the policy after the end of grace period will be subject to underwriting requirement.e. and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index. The income earned on the Fund Value shall also be payable to the Discontinued Policy Fund and shall be payable to Policyholder after the end of lock-in-period. 6. from your Insurance agent or the Intermediary or policy document or the insurer. Coverage of minor lives If the age at entry of the life insured is below 18 years. Discontinuance of Premium: Discontinuance means the state of a policy that could arise on account of non-payment of the contracted premium due before the expiry of the grace period or upon receipt of information by the Company from the insured about the discontinuance of the policy. Also.

7.India IRDARegistrationnumber: 122. NAV of the clearance date or due date. Transaction requests (including renewal premiums by way of local cheques. MKT/AFLA/July 2011IVer. Opposite Golf Course.: 2138 Insurance is the subject matter of the solicitation. DlF Phase-\/' Sector 43. TolstoyMarg. which is currently 3:00 p. Queries and Complaints If you want additional information or if you have any queries or complaints.m. New Delhi-110 001. Haryana.avivaindia. 9.PrakashdeepBuilding. Assignment and Nomination is allowed as per the provisions under section 38 and 39 of Insurance Act 1938. Joint 'llenture 6etween 'lJa6ur ljroup ant! 5I. You may also contact Street to School Education is Insurance An initiative to provide education to underprivileged children. please contact us at the numbers given below: 1800 180 2244 (Toll-free for BSNUMTNL SMS uAviva B users) to 5676737 or 0124-2709046. No. 10. Aviva Tower.viva ljroup Aviva Life Insurance Company India Ltd. 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.lndia www. Advt. For the premium received through outstation cheques. 7. demand draft. Gurgaon-122 003. AVIVA Life Insurance 51. Visit www. will be applied. Sector Road. The cutoff time will be as per IRDA guidelines from time to time. 11. There is no provision of loan on the policy from Aviva.com to know more or make a contribution.3 UIN: 122L083VOl . 8. whichever is later.avivaindia.com RegisteredOffice: 2nd Floor. Aviva will not be liable to any claim until acceptance of risk and receipt of premium in full.1.

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