Aviva India launches Dhan Samruddhi

Last Updated: Tue, Nov 27, 2012 11:34 hrs

Aviva Life Insurance recently announced the launch of Aviva Dhan Samruddhi - a traditional money back plan with guaranteed returns. The product has been designed recognizing the need for customers to build a long-term corpus along with the flexibility to fulfill their short-term financial needs. Aviva Dhan Samruddhi gives a guaranteed addition of 7% per annum to 9% per annum of the annual premium, till the end of the policy term, depending upon the policy term chosen. One also gets a payback of 125% of annual premium as survival benefit every 5 years.

Speaking on the plan, Mr. T R Ramachandran, CEO and Managing Director, Aviva Life Insurance India said, "Aviva Dhan Samruddhi is a product that has been designed on the basis of a Consumer Attitudes towards Savings study. The survey highlighted that in India, 56% of customers are not willing to take a risk on their investments and are looking for guaranteed returns. Aviva Dhan Samruddhi not only enables one to build a corpus for future financial needs, it periodically gives guaranteed money back during the policy term, so that one can continue to meet their ongoing financial requirements with ease."

Key Features of Aviva Dhan Samruddhi:

  • Guaranteed returns: Your policy earns a guaranteed addition of 7% per annum to 9% per annum of the annualized premium (excluding taxes and any other extra premium), till the end of the policy term, depending on the policy term chosen by you, payable at maturity.

  • Liquidity: Your policy pays back 125% of the annualized premium (excluding taxes and any other extra premium) as survival benefit every 5 years (except at maturity)

  • Guaranteed maturity benefit: At maturity, you get the Sum Assured plus accrued Guaranteed Additions minus Survival Benefits already paid

  • Rebate for high Sum Assured: Rebate on basic premium is allowed if your Sum Assured is Rs 5 lakhs or higher.

Standard Chartered Bank launches new full-service branch at Jodhpur

Standard Chartered Bank has deepened its presence in Rajasthan by launching a full-service branch in Jodhpur. A wide-ranging product suite of the bank is available for customers at Jodhpur. This is the third branch the bank has opened in Rajasthan, the first and second one being in Jaipur and Udaipur respectively.

Speaking on the launch, Sunil Kaushal, Regional Chief Executive Standard Chartered Bank, India & South Asia said, 'Standard Chartered Bank has been in India since 1858 and offers best-in-class banking and financial products and services to its customers here. Rajasthan has always been a key market for us and we are deepening our presence with the third branch in the state. We are confident that the people of Jodhpur will benefit from the banking services offered out of our new branch.'

Jodhpur branch will offer a range of banking services such as savings products, including no-frills account, investment services and corporate payment solutions. Customers will also enjoy the expertise of a team of financial experts to help them make the best of their banking experience.

ApnaPaisa is India's leading Online market place for financial products such as loans, credit cards and insurance plans. Author can be reached at www.facebook.com/apnapaisa.

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