Aviva i-Growth Plan

Aviva i-Growth Plan is a Unit-Linked Investment plan which provides life cover while ensuring financial growth. The plan offers a choice of 3 fund options featuring different equity-debt combinations to help you earn returns as per your financial goals and risk profile. The plan helps you accelerate the growth of your savings by way of Loyalty Additions during the last 3 policy years.

The plan offers you liquidity by allowing partial withdrawals after the end of a lock-in period of the first 5 years. And as many as 12 free funds switches anytime during a policy year. You also have an option to redirect your premium to different funds up to 2 times a year.  Additionally, the plan also offers you the option to reduce your sum assured anytime after the first 3 years in the policy.

Best Features of Aviva i-Growth Plan 

Following are the key features of Aviva i-Growth Plan which make it an investment plan worth considering - 

• Fund Options- Aviva i-Growth Plan offers a choice of 3 different fund options namely Balanced Fund - II, Bond Fund - II, and Enhancer Fund - II.
• Loyal Additions- Loyal additions of 1.25%, 2.7%, and 3% are made to the fund value during the last 3 years of policies of tenure 10, 15, and 20 years respectively. 
• Partial Withdrawals- The plan allows partial withdrawals up to 4 times in a policy year after the completion of the lock-in period of the first 5 years.
• Fund Switches-  The fund options can be switched as many as 12 times for free in a policy year without any charge.
• Premium Frequency- You have the option to make the premium payment on a monthly, quarterly, half-yearly, or yearly basis as per your convenience.
• Reduced Sum Assured Option- If you have opted for a life cover equivalent to 20 times the annualised premium at the beginning of the policy, then you can reduce it to 10 times the annualised premium after 3 years in the policy. There is no change in the premium amount on the use of this feature.

Benefits of Aviva i-Growth Plan

Aviva i-Growth Plan provides the following benefits to its investors - 

• Death Benefit

In the event of the unfortunate death of the life assured, the highest of the following is paid to the nominee:

1. 100% Sum Assured
2. 105% of all the premiums paid till the date of death
3. Fund value along with loyalty additions

In case the death of the assured is caused by a sudden accident then along with the above benefit, an additional amount equivalent to the base sum assured is also paid to the nominee, subject to a maximum of INR 50 Lakh.

• Maturity Benefit

In case the life assured survives till the date of maturity, then the fund value along with the loyalty additions is paid to the investor as the plan’s maturity benefit.

Aviva i-Growth Plan Eligibility

Aviva i-Growth Plan Fund Options

The Aviva i-Growth Plan comes with the following 3 fund options - 

Aviva i-Growth Plan Review

Aviva i-Growth Plan is an investment plan which offers you a choice of 3 fund options, liquidity by way of partial withdrawals, option to reduce the sum assured, and rewards you for staying invested in it by offering Loyalty Additions during the last 3 policy years. The plan also provides an accidental death benefit in addition to the base death benefit subject to a maximum of INR 50 Lakh. Individuals looking for a plan with dual benefits of investment and life cover along with enough flexibility and liquidity can consider shortlisting this plan.