MUMBAI: In a world where aspirations are rising faster than premiums, Aviva India is scripting a small-town success story with its latest insurance offering. Aviva India has launched Aviva Bharat Bal Vikas Yojana, a life insurance savings plan tailored for families in India’s rural and semi-urban markets. With premiums starting at just Rs 1,000 per month, the plan aims to provide both financial protection and a secure path to children’s dreams whether that’s a college degree, a vocational course, or a business of their own.
Designed with flexibility and simplicity in mind, the non-linked, non-participating policy offers guaranteed maturity benefits and life cover. The entry age starts at 3 years, extending up to 50, with terms ranging from 12 to 30 years. Policyholders can pay premiums monthly, quarterly, half-yearly or annually, making it adaptable for diverse household budgets. The maturity age goes up to 80 years.
If the life insured passes away during the term, the nominee receives the highest of:
. The Death Sum Assured
. The surrender value (either Guaranteed or Special Surrender Value)
. A minimum of 105 per cent of total premiums paid
Aviva India, chief marketing officer, Vinit Kapahi noted, “This isn’t just another insurance product, it’s a bridge to ambition for families beyond metro cities. Aviva Bharat Bal Vikas Yojana is for parents who dream big for their children but don’t want to get lost in complicated financial jargon.”
The plan also offers guaranteed lump sum benefits upon maturity and comes with tax perks under prevailing laws making it not only emotionally reassuring but financially rewarding.
While urban India is spoilt for choice when it comes to financial tools, Aviva Bharat Bal Vikas Yojana is a welcome step in democratising protection and savings. It reflects the insurer’s push for financial inclusion by targeting the heart of Bharat where every rupee counts and every dream matters.
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