Aviva Dhan Vriddhi Plus – A Limited Premium Paying Plan

Aviva Dhan Vriddhi Plus is the latest life insurance plan from Aviva Life Insurance. This is a limited premium paying term participating plan mainly developed to create financial security for your child for future. One can pay regular premiums and save systematically for a limited period of time and get a lump sum amount with bonus (if any) on maturity. The structure look like Sukanya Samriddhi Account. Let’s find out more about Aviva Dhan Vriddhi Plus plan.

Key Features of Aviva Dhan Vriddhi Plus

Aviva Dhan Vriddhi Plus is a typical endowment policy and have all the benefits of other endowment plans. Endowment plans are made to provide both insurance and investment benefit in a same product. Check out few highlights of Aviva Dhan Vriddhi Plus plan below.

  • One can choose premium paying terms from 5, 7, 11 years and accordingly and minimum sum assured value will be 5 lakh, 5 lakh and 3 lakh. 
  • The policy term is fixed for 20 years. That means if you choose a premium paying term of 5 years, then you have to pay only for 5 years and rest 15 years your policy will be active without paying any premium.
  • The premium paying frequency is yearly only. The minimum premium amount is Rs 21,258 and maximum premium could be Rs 48,68,500 as per the sum assured value. But remember maximum sum assured value can be possible Rs 5 crore.

You can read the complete Aviva Dhan Vriddhi Plus Brochure for further information and find out the premium and return calculation below.

Aviva Dhan Vriddhi Plus Premium Calculation & Return on Investment Example

If you visit AviLife website and Aviva Dhan Vriddhi Plus policy page, then you will find a beautiful pictorial explanation of how this policy works. Here I am writing the same only on words. 🙂

Your Child Age : 1 year

Your Age: 35 years

Policy Premium: 1 Lakh

Policy Premium Paying Term : 11 Lakh

After 20 years, when your kid will be 21 years of age, you will get Rs 26,78,010 (if considered 8% return) or Rs 17,02,835 (if considered 4% return) as maturity benefit.

You can visit Aviva Dhan Vriddhi Plus policy page and look for Aviva Dhan Vriddhi Plus premium calculator to find out how much premium you have to pay for the sum assured value you want for your child.

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