Pension Plan: After retirement, it is very important to have a stable source of income in your old age. In such a situation, it is very important to invest in the right scheme from now on.
Aviva India Life Insurance has launched one such new pension plan, which will give you the retirement solution of a guaranteed lumpsum along with a fixed income. Life Insurance Company has launched Aviva New Innings Pension Plan on March 16, 2023.
What is Aviva New Innings Pension Plan offering? (Aviva New Innings Pension Plan Details)
Aviva’s New Innings Pension Plan is a non-linked, non-participating individual pension plan. This plan is designed to accumulate wealth by paying a lump sum or by paying regular premiums, which can create a secure and stable source of income in the form of annuity after retirement.
Aviva New Innings Pension Plan will give the subscribers a corpus of up to 336 percent of the premium paid at maturity. Apart from this, it will also give better returns to policyholders of 51 years or more. The plan will enable customers to customize their retirement plan as per their needs and financial goals, while bringing flexibility in the age of entry and premium payment options.
Mr. Vineet Kapahi, Marketing Head, said, “At Aviva India, we understand the power of compounding and the importance of timely retirement planning for a financially sound future. Aviva New Innings Pension Plan aims to encourage early planning of pension wealth and help the subscribers to ensure financial security during their golden years. With multiple premium paying options and high return potential, our policyholders can be confident that their investments will help them meet their financial objectives for retirement.”
Aviva New Innings Pension Plan Features
- You can easily buy this pension plan without any medical checkup.
- On maturity, you get up to 336% of the premiums paid till then.
- There is an option to align the retirement corpus as per the different stages of your life.
- And you also get tax benefits according to the tax exemption available under the current Income Tax Act.
