Aviva Family Income Builder

Recommendations :No

Name of the policy :
Aviva Family Income Builder

A brief desciption :

Coming from Aviva India, Family Income Builder is a popular traditional money back plan providing life cover and guaranteed annual pay outs from the 13th year till 24th year. As far as the periodic cash backs are concerned, investors can probably earn better returns by periodically investing in bank fixed deposits for a five-year time period. To ensure an appropriate life cover for the dependants, invest in a suitable term-plan instead.

Type of policy :Insurance cum investment
Category :Traditional- Endowment Money Back Plan
Insurance :Min- 9.6 lakhs Max- 1,20,00,000 For age 5-45 Years, 48,00,000 For Age 46-50 Years
Returns expected :Less than Fixed Deposit
Entry age :6-50 Years
Surrender :Guaranteed Surrender Value = 30% of all premiums paid - 1st year's premium
Minimum amount :Min-40,000 Max- 5 lakhs for age 5-45 years, 2 lakhs for age 46-50 years

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Table of Contents

Table of Contents