Aviva Life Insurance has launched the Aviva Signature Increasing Income Plan, a groundbreaking product tailored for post-retirement financial security. This innovative Non-Linked, Non-Participating Life Insurance Savings Plan (UIN: 122N158V01) is designed to offer a reliable income stream with a unique feature: a 15% increase in income every third year for the policyholder’s lifetime.
The plan addresses the dual challenges of rising life expectancy and inflation, ensuring that retirees maintain their purchasing power over time. Key features include guaranteed monthly income until the age of 100 and a return of 105% of total premiums paid at the end of the payout period. The plan also boasts an In-built Premium Guarantee, covering future premiums in the event of the policyholder’s death during the policy term, thus securing promised benefits for beneficiaries.
In Kolkata, this plan is set to make a significant impact, offering a tailored solution for the city’s growing retiree population. With its inflation-adjusted payouts and flexible premium options, the Aviva Signature Increasing Income Plan aligns with the financial needs of Kolkata’s diverse market, providing peace of mind for retirees.
