New Pension Plus

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Week 1 1/52th ofthe units available atthe end of Week 1 ..

Week 26 1/27th ofthe units available atthe end of Week 26 ..Week 52 Balanceunits available atthe end ofWeek 52

Month1 1/24th ofthe units available atthe startof 24th month ..Month12 1/13th ofthe units available atthe startof 12th month ..Month24 Balance units available atthe startof the lastmonth

Reverse STP: During the last2 years (i.e.last 24 months)before maturity,thefollowing proportion ofunits will be switched fromthe PensionGrowth Fund-II to the Pension ProtectorFund-II:

Month1 1/12th ofthe units available atthe end of Month 1 ..Month6 1/7th ofthe units available atthe end of Month 6 ..Month12 Balance units available atthe end ofMonth 12

Incase of monthly STP

Incase of weekly STP

Maturity Addition: Maturity addition will be a percentage of first

year annualized premium and will depend on the policy term as per

the grid provided below:

In case of single premium policies, no Loyalty additions / maturity addition

shall be payable.

Maturity Benefit:

Maturity value is defined as the fund value pertaining to regular or single

premium(s) and fund value pertaining to top-up premiums (if any) plus the

maturity addition, if applicable.

You have an option to withdraw upto 1/3rd of the maturity value as a

lump sum and use the balance to purchase an immediate annuity from

Aviva or any other Life Insurance company registered in India.

Benefit Illustration:

This illustration is for a male aged 35 years who pays premiums on yearly

frequency and invests 100% into the Pension Index Fund-II.

Aviva New Pension Plus Easy steps to finalizing your plan

Step 1: Decide the annual income you will need on retirement. This will

influence the choice of policy term and premium.

Step 2: Decide the policy term as the number of years to retirement

Step 3: Arrive at the funds you need to invest in and investment style

basis your risk appetite.

6 Fund options to select from basis your risk appetite

Systematic Transfer Plan (STP) or Automatic Asset

Allocation(AAA)

Step 4: Choose the Premium Payment Frequency (PPF) based on your

convenience.

This will estimate the amount of premium you wish to pay to achieve the

target income post retirement

Aviva New Pension Plus Benefits

Loyalty Additions and Maturity Addition: In case you continue this

policy and keep paying all the due regular premiums, then we shall provide

premium related Loyalty additions during the policy term and maturity

addition, as detailed below. The Loyalty additions shall be credited in theform of additional units at the end of relevant policy year. This would be

distributed in the various funds opted by you in the same proportion as

defined for distribution of your regular premium. The Maturity addition

will be paid along with the maturity benefit. These additions are not

payable for single premium policies.

Loyalty Additions during the policy term: Loyalty Additions will

be a percentage of first year annualized premium and is paid at the

end of every year into your fund, except at the maturity date. The

start year and percentage of Loyalty additions is as per the grid

provided below:

Aviva New PensionPlus Be financially secure evenafter retirement

Aviva New Pension Plus is a non-participating unit-linked pension plan thathelps you build a corpus till you retire, which enables you to continueearning a regular income even after your retirement. The plan also ensures

that your lifestyle is not affected because of inflation and hence there areoptions to increase your premiums systematically. Based on your needs,

you can choose from 6 fund options while also having the flexibility toreconsider your retirement age during the policy term.

You further benefit by getting Loyalty Additions during the term of the

policy, as well as Maturity Addition at maturity.

Aviva New Pension Plus - Unique Attractions

Premium allocation: Maximize your investment, as a high amount of

the premium paid is invested in the funds chosen by you.

Loyalty Additions and Maturity Addition: Get higher maturity

proceeds with regular Loyalty Additions during the term and MaturityAddition on the date of maturity.

Flexibility to revise the vesting age: Depending on your need, youcan revise your vesting age, i.e. extend or reduce the policy term, once

during the policy term.

Investment fund options: Choose from 6 unit-linked funds Pension Protector Fund-I I , Pension Balanced Fund-I I , PensionGrowth Fund-I I , Pension PSU Fund, Pension Infrastructure Fund and

Pension Index Fund-I I , depending on your investment objectives andrisk appetite.

Top up facility: Enhance your investments through top up premiums.

Aviva New Pension Plus Eligibility

The values shown above include all charges and prevailing Service Tax

(10.3% including cess)

The assumed rates of return shown in the illustration above are not

guaranteed and they are not the upper or lower limits of what you might

get back as the value of your policy, which depends on a number of factors

including future investment performance.

Review Vesting age:

If the insureds age on vesting is not more than 75 years, then the

policyholder will have following options to review the maturity date

provided the Policyholder has paid all the due regular premium (for atleast

5 years) and notifies the company at least 180 days before the date of

maturity and the company accepts the request in writing:

a) The policyholde r can opt to discontinue the premium payment and

postpone the maturity date provided the age of the insured on

revised maturity date is not more than 80 years. The policyholder

will be entitled to Loyalty Additions and Maturity Addition (on old

Maturity date in the pattern of Loyalty Additions) payable according

to the premiums paid.

b) The policyholder can opt to postpone the maturity date and

continue the premium payment also provided the age of the

insured on revised maturity date is not more than 80 years. The

policyholder will then be entitled to subsequent Loyalty Additions

and Maturity Addition as per the increased policy term.

c) The Policyholder can reduce the policy term to pre-pone the

maturity date to any previous policy anniversary provided the policy

has completed at least five years and the age of the insured on

revised maturity date is at least 40 years. The policyholder will be

entitled to Loyalty Additions at the old rate falling due during the

revised term but there will be no Maturity Addition.

d) The revised ter m should not be less than the minimum policy term

applicable for the amount of regular annual premium under the

policy.

e) In case of Single Premium policie s, we only need to confirm that

age of the Life Insured should lie between 40 and 80 years at

revised maturity date.

Full Surrender:

You have the option to fully surrender the policy after completion of 3

policy years, whereby the surrender value will be paid to you after

deducting applicable surrender charge (refer to Charges for details)

and the policy will terminate. There is no surrender charge after

completion of 5 policy years.

Death Benefit:

In case of unfortunate death, the nominee will receive the fund value

pertaining to regular or single premium(s) along with fund value

pertaining to top-up premiums (if any).

Tax Benefits:

Tax benefits will be as per prevailing tax laws. Tax laws are subject to

change.

Aviva New Pension Plus Investment Options

a) Sys tematic Transfer Plan (STP):

This option allows you to enterand exitthe equitymarket notabruptly

atonce but slowlyat differenttimes and atdifferentlevels.This has

the effectof averaging outthe risks associated with the equitymarket,

thus reducing the overall risk you face.

This facilityis available to you ify ou paypremiumon yearly basis and

atleast 10% ofpremiums are allocated to Pension ProtectorFund-II

STP is avai lable as a weeklyand a monthlyoption.Underthis,units

from Pension Protector Fund-II to Pension Growth Fund-I I are

transferred through automatic switching free of charge,in the

following pattern:

In case STP is opted, no other switches into or from the Pension

Protector Fund-II is allowed during this period.

Systematic Transfer Plan (STP) option can be started at inception or

on any policy anniversary during the term of the policy except last

three policy years, by giving a written notice at least 30 days prior

to the policy anniversary.

STP may be stopped on any policy anniversary by a written request

at least 30 days prior to the policy anniversary. You may request to

restart this option later.

STP cannot be opted along with Automatic Asset Allocation (AAA)

b) Auto matic Asset Allocation (AAA) Plan:

AAA is available only at the inception of the policy and if your premium

frequency is yearly. This option helps you to automatically decrease your

exposure to equity and increase your exposure to debt, as you grow older.

This option relies on the fact that an individuals risk appetite reduces with

age and he tends to be more conservative with his investment. This option

provides you the flexibility of leveraging the returns from equity marketand secure/book the profits by the way of auto asset allocation as he

advances in his age.

Choose the initial allocation into Pension Growth Fund-II and

Pension Protector Fund-II. Your first year premium will be allocated

as per the proportion specified by you.

< 50,000 2% 11

>=50,000 to =1 Lac to =5 Lacs 9% 5

First Year AnnualPremium

Loyalty Additionspayableevery year (as% of First years

AnnualisedPremium)

Startsat theendof year

P ol ic y Te rm (Ye ar s) M at ur it y A dd it io n(as% of First yearsAnnualisedPremium)

< =10 75%

>= 11 90%

GrossInvestmentReturn(%)

YieldNetof Charges

(%)

VestingAge

(years)

AnnualPremium

(Rs.)

ProjectedFund Valueat Maturity

(Rs.)

6% 821,069 4.52%

10% 1,277,276 8.28%

6% 1,629,613 4.62%

10% 3,345,202 8.46%

6% 1,659,362 4.61%

10% 2,575,617 8.34%

6% 3,306,475 4.70%

10% 6,763,878 8.52%

6% 3,417,731 4.86%

10% 5,301,000 8.58%

6% 6,797,895 4.86%

10% 13,908,340 8.66%

20

30

20

30

20

30

25,000

50,000

1,00,000

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIOIS BORNE BY THE POLICYHOLDER.

Entry age : 18 75 years (last birthday)

Vesting Age : 40 80 years (last birthday)

Policy Term (PT) : Minimum: 5 yearsMaximum: 62 years

Premium Payment Term (PPT) : Single Premium, or Premium paymentterm equal to the policy term

for Regular Premium

Minimum Annual premium : Policy Term MinimumPremium(Rs.)(for regular 5 to 10 1,00,000

premium policies) 11 to 19 18,00020 and above 12,000

Minimum Single Premium : Rs. 1,00,000

Maximum Annual/ : no maximum limitSingle premium

Top-up premium : MinimumRs. 1,000;no maximumlimit

Premium frequency :Single,Yearly,Halfyearly,Quarterly,Monthly

(ECS /Direct Debitis mandatoryforMonthlyfrequency)

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4. Switching Charge:

There are no charges on the first 4 switches in a policy year;

subsequent switches are charged at 0.5% of amount switched, subjectto a maximum of Rs 500 per switch.

5. Reinstatemen t Charge:

In respect of every reinstatement, a Reinstatement Charge equalto 1.5% or 4.5% of the first years annual premium, if the reinstate-

ment takes place respectively within 1 year or 2 years from the dateof first unpaid premium, wil l be recovered from the next Loyalty / Maturity Addition.

6. Miscellaneous charge:

Service tax and education cess will be applied as notified by thegovernment from time to time.

7. Surrender Charge:

You can surrender your policy after completion of 3 policy years. Thesurrender charge for the regular premium policies will be applied basis

the completed years premiums paid and the date of surrender as perthe table below:

For regular premium policies:

For Single premium policies:

Freelook period:

You have a right to review the policy terms and conditions within 15 days

from the date of receipt of the policy document. If you cancel the policy

during this Freelook period, the company will refund the fund value on the

date of cancellation plus the un-allocated premium (if any) plus any charge

deducted by cancellation of units, after deducting expenses incurred on

stamp duty.

Disclosures:

Aviva Life Insurance Company India Ltd. is only the name of the

Insurance Company and Aviva New Pension Plus is only the name of

the unit linked life insurance contract and does not in any way

indicate the quality of the contract, its future prospects or returns.

The various funds offered under this contract are the names of the

funds and do not in any way indicate the quality of these plans,

their future prospects and returns.

Please know the associated risks and the applicable charges, from

your Insurance agent or the Intermediary or policy document or the

insurer.

"*S&P" and "Standa rd and Poor's" are trademarks of the

McGraw-Hill Companies, Inc. ("S&P"), and have been licensed for

use by IndiaIndex Services & Products Limited in connection with

the S&P CNX Nifty Index. The Product is not sponsored, endorsed,

sold or promoted by India Index Services & Products Limited ("IISL")

or Standard & Poor's, a division of The McGraw-Hill Companies,

Inc. ("S&P"). Neither IISL nor S&P makes any representation or

warranty, express or implied, to the owners of the Product or any

member of the public regarding the advisability of investing in

securities generally, or in the Product.

Participation by banks customers is purely on a voluntary basis

(if applicable)

The contract of insurance is between the insurer and the insured

and not between the bank and the insured (if applicable)

Risk factors:

Unit Linked life insurance products are different from traditional

insurance products and are subject to risk factors.

The premium paid in Unit Linked life insurance policies are subject

to investment risks associated with capital markets and the NAVs of

the units may go up or down based on the performance of the fund

and factors influencing the capital market. The insured/policyholder

is responsible for his/her decisions.

Unit Linke d Funds are subject to market risks and there is no

assurance or guarantee that the objective of the investment fund

will be achieved.

Past perfor mance of the investment funds do not indicate the

future performance of the same. Investors in the Scheme are not

being offered any guaranteed / assured returns.

Insurance is the subject matter of the solicitation.

Section 41In accordance with Section 41 of the Insurance Act, 1938, No person

shall allow or offer to allow, either directly or indirectly, as an inducement

to any person to take or renew or continue an insurance in respect of any

kind of risk relating to lives or property in India, any rebate of the whole

or part of the commission payable or any rebate of the premium shown on

the policy, nor shall any person taking out or renewing or continuing a

policy accept any rebate, except such rebate as may be allowed in

accordance with the published prospectuses or tables of the insurer:

Provided that acceptance by an insurance agent of commission in connec-

tion with a policy of life insurance taken out by himself on his own life

shall not be deemed to be acceptance of a rebate of premium within the

meaning of this sub-section if at the time of such acceptance the

insurance agent satisfies the prescribed conditions establishing that he is a

bona fide insurance agent employed by the insurer.

Any person making default in complying with the provisions of this section

shall be punishable with fine which may extend to five hundred rupees.

Section 45

In accordance with Section 45 of the Insurance Act, 1938, No policy of

life insurance effected before the commencement of this Act shall after

the expiry of two years from the date of commencement of this Act and

no policy of life insurance effected after the coming into force of this Act

shall, after the expiry of two years from the date on which it was effected

be called in question by an insurer on the ground that statement made in

the proposal or in any report of a medical officer, or referee, or friend ofthe insured, or in any other document leading to the issue of the policy,

was inaccurate or false, unless the insurer shows that such statement was

on a material matter or suppressed facts which it was material to disclose

and that it was fraudulently made by the policy-holder and that the

policy-holder knew at the time of making it that the statement was false

or that it suppressed facts which it was material to disclose:

Provided that nothing in this section shall prevent the insurer from calling

for proof of age at any time if he is entitled to do so, and no policy shall

be deemed to be called in question merely because the terms of the policy

are adjusted on subsequent proof that the age of the life insured was

incorrectly stated in the proposal.

About Aviva

Aviva Life Insurance is a joint venture between Dabur Group and Aviva Group

a UK based insurance group, whose association with India goes back to

1834. By choosing Aviva Life Insurance you benefit from the management

experience of one of t he worlds oldest Insurance Group, with a history dating

back to 1696. Today, Aviva has 50 million customers in over 27 countries.

Founded in 1884, Dabur is one of Indias oldest and largest groups of

companies. It is the countrys leading producer of traditional healthcare

products.

Aviva New Pension Plus

Annexure

1. Under this product, you can pay premiums as a single premium,

yearly, half yearly, quarterly or monthly. There is a grace period of

30 days to pay your regular premiums for all payment frequencies.

Monthly premium has to be by Direct Debit / Electronic Clearing

System (ECS) only.

2. Discontinuance of Premium:

Incase you discontinue premium payment within first 3 policy years,

then:

The death benefit shall be equal to the fund value of regular and

top-up premiums. All charges shall continue to be deducted from the unit account.

The policy can be reinstated within two years from the due date of

first unpaid premium.

If the policy is not reinstated within the reinstatement period then

the company shall be liable to pay the Surrender Value, if any, at the

end of the reinstatement period or at the end of three policy years,

whichever is later, and the contract shall terminate thereafter.

Incase you discontinue premium payment after payment of first 3

years premium, then:

The policy shall remain in force during two years from the due date

of first unpaid premium, during which period the policy can be

reinstated.

If the policy is not reinstated within that period, then the policy

shall be terminated by paying you the Surrender Value.

During the reinstatement period, you shall have following options:

a) surrende r the policy and take the surrender value

b) continue the policy without paying fur ther premium(s) for the full

policy term or till the surrender value pertaining to regular

premiums reaches an amount of first year annual premium,

whichever is earlier. This option can be exercised by giving a written

notice within 60 days from first unpaid premium.

Reinstatement of the policy after expiry of grace period will besubject to Reinstatement Charge (as mentioned under Charges).

Auto foreclosure clause: After paying at least first three-years

premium, if the regular premium payment is discontinued and then

surrender value of units pertaining to regular premium reaches an

amount equivalent to first year annual premium, then the policy

shall be terminated with advance notice by paying the Surrender

Value to the Policyholder.

3. Net Asset Value (NAV) calculation: When Appropriation/ Expropria-

tion is applied the NAV of a Unit Linked Life Insurance product shall

be computed as, market value of investment held by the fund

plus/less the expenses incurred in the purchase/ sale of the assets

plus the value of any current assets plus any accrued income net of

fund management charges including Service Tax thereon, less the

value of any current liabilities less provisions, if any. This gives the

NAV of the fund. Dividing by the number of units exiting at the

valuation date (before any new units are allocated/ redeemed),

gives the unit price of the fund under consideration.

4. First premium will be allocated based on the NAV of the date of

commencement of the policy. For renewal premiums received

through outstation cheque, NAV of the clearance date or due date,

whichever is later, will be applied.

5. Transaction reques ts (including renewal premiums by way of local

cheques, demand draft, switches etc) received before the cutoff

time will be allocated the same days NAV and the ones received

after the cutoff time will be allocated next days NAV. The cutoff

time will be as per IRDA guidelines from time to time, which is

currently 3:00 pm.

6. The premium shall be adjusted on the due date ev en if it has been

received in advance. Also, Aviva will not accept any amount less

than the due stipulated regular premium payable stated in the

policy schedule.

7. There is no provision of loan on the policy

8. There is a provision for nomination, for the death benefit payable,under the policy as per Section 39 of the Insurance Act, 1938.

9. Assignment, in accordance with Section 38 of the Insurance Act,

1938, is permitted under this policy.

10.Aviva will not be liable to any claim until acceptance of risk and

receipt of premium in full.

No.of fullyearspremiumspaid Surrender charge asa percentage of

First Year AnnualPremium

Ifless than one policyyears 100% (i.e.No surrendervalue)

premiumhas been paid

1 25% reducing ata simple rate of0.1% for

each month completed after3 policyyears





4 15% reducing ata simple rate of 0.3% for

each month completed after3 policy years

butreducing ata simple rate of 0.4% after

paymentoffull 4 years premium

5 10% reducing ata simple rate of 0.4% for

each month completed after4 policy years

butreducing ata simple rate of 0.5% after

paymentoffull 5 years premium

Policy Year inwhichpolicy is

surrendered

1,2,3

4 & 5

Surrender Charge

TheSurrenderValue shall accrue overthe first

three policyyears butshall be payable afterthe

completion offirstthree policyyears subjectto

SurrenderCharge as mentioned below.

3%ofSingle Premiumreducing ata simple rate

of 0.1%for each month completed after 3

policyyears

Please note:

Surrender value acquires only if at least one full years premium has

been paid.

Amount of surrender charge can never be more than the fund value

under the base plan on the date of surrender.

There is no surrender charge after completion of five policy years

irrespective of number of years premiums paid.

There is no surrender charge on the top-up premiums, if any.

Exclusions:

There are no exclusions applicable under the policy.

Documents

New Pension Plus