Aviva Life Insurance has introduced its latest offering, the Aviva Signature Increasing Income Plan, designed to redefine retirement security. This new Non-Linked, Non-Participating Life Insurance Savings Plan promises a robust, inflation-proof income stream, featuring a 15% increase in income every third year throughout the policyholder’s life.
In an era marked by rising life expectancy and living costs, the Aviva Signature Increasing Income Plan stands out by addressing these financial pressures head-on. The plan ensures a guaranteed, lifelong income until the age of 100, adjusting payouts to counteract inflation and preserve purchasing power. Additionally, it provides a return of 105% of total premiums paid at the end of the payout period, enhancing its appeal.
Notably, the plan includes an In-built Premium Guarantee, covering future premiums in the event of the policyholder’s death during the policy term, thus securing the promised income for beneficiaries. The plan also offers flexibility with premium payment frequencies and optional riders for enhanced protection.In the Kolkata, the Aviva Signature Increasing Income Plan is anticipated to resonate strongly with retirees seeking reliable and adaptable income solutions amidst the city’s growing economic landscape. Aviva’s strategic focus on inflation-adjusted income aligns well with the needs of Kolkata’s diverse demographic, ensuring broader accessibility and financial security for retirees in the region.
