Aviva Life Insurance launched Aviva New Wealth Builder (ANWB), an individual non-linked, non-participating savings life insurance plan, offers the twin benefits of protection and investment. Besides guaranteed returns, the plan also gives customers more options with respect to premium payment terms basis their convenience and higher entry age.
The plan has a death cover of 11 times annualised premium for regular pay options and 1.25 times for the single pay option. The plan also offers accidental benefit cover by way of rider. The entry age to this policy is between six and 60 years. The maximum policy term offered is up to 20 years.
