Aviva Life Insurance Secures 2025 Product of the Year in Retirement Income and ULIP categories
In a significant milestone, Aviva Life Insurance Company India Limited has been awarded the Product of the Year 2025 title in two categories - Life Insurance - Retirement Income and Life Insurance - ULIP. The prestigious awards recognise the innovative features and customer-centric design of the Aviva Signature Increasing Income Plan and Aviva Signature Investment Plan.
The Aviva Signature Increasing Income Plan, a non-linked, non-participating savings life insurance plan, is designed to cater to those planning long-term financial stability post-retirement. It provides guaranteed annual income that increases by a simple interest rate of 15% on every third anniversary of the payout period. The plan offers life cover and flexible payout options, making it an ideal choice for those seeking a rising income stream to keep pace with increasing financial aspirations post-retirement.
On the other hand, the Aviva Signature Investment Plan, a Unit Linked Insurance Plan (ULIP), encourages disciplined, systematic investment habits. It offers transparency by providing detailed plan information including charges, investment values, and expected returns upfront. Policyholders can enjoy liquidity through partial withdrawals after five years, helping them meet emergencies or financial needs without surrendering the policy. The plan also acts as security for loans, allowing borrowing against a percentage of the fund value.
The Aviva Signature Investment Plan supports building a long-term corpus for important life goals by investing in diversified funds including equity, balanced, cash, and debt funds. It is designed to address real-life financial needs with a simple, relevant, and customer-friendly approach. The plan offers unlimited free switches, zero premium allocation charges, and loyalty additions that enhance the value of the plan at maturity.
The Aviva Signature Investment Plan provides access to 8 fund options, offering policyholders the flexibility to choose their investment strategy. The Aviva Signature Increasing Income Plan, meanwhile, includes an Accidental Death Benefit rider for added protection.
Both plans were voted most innovative by consumers in a nationwide survey, highlighting Aviva's commitment to creating products that are simple, relevant, and tailored to customers' evolving financial needs for retirement income and investment growth. Aviva India's focus on customer-centric product design, simplicity, and relevance to today's financial needs has been instrumental in the success of these award-winning plans.
[1] Aviva Signature Increasing Income Plan - Retirement Income category product details [2] Aviva Signature Investment Plan - ULIP category product details [3] Aviva Life Insurance Company India Limited - About Us [4] Aviva Signature Investment Plan - Investment Strategy [5] Aviva Signature Increasing Income Plan - Flexible Payout Options
- The Aviva Signature Increasing Income Plan, voted as the Product of the Year 2025 in the Life Insurance - Retirement Income category, is an innovative life insurance solution designed to provide long-term financial stability, featuring flexible payout options, guaranteed annual income with a 15% simple interest rate increase every third anniversary, and an Accidental Death Benefit rider for added protection.
- The Aviva Signature Investment Plan, this year's Product of the Year 2025 in the Life Insurance - ULIP category, is an award-winning investment product that promotes disciplined savings through systematic investment habits. Its customer-centric design offers transparency, flexibility, and security, allowing for partial withdrawals, borrowing against the fund value, and unlimited free switches, all while providing access to 8 fund options and addressing real-life financial needs with a simple, relevant, and customer-friendly approach.
