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Private life insurer Aviva India has launched a pension plan Aviva Next Innings. In addition to the life cover, the plan offers a guaranteed corpus of 210 per cent of the total premiums paid, upon retirement. While one third of this corpus will be paid as lump sum upon retirement, the rest will be paid out as annuity to the customer.
Rishi Piparaiya, Director, Marketing and Bancassurance said "I am delighted to announce the launch of Aviva Next Innings Pension Plan, a pension plan that returns more than double of what you have paid; A unique combination of built in guarantee to protect your lifestyle along with the financial support for your family in case you are not around. The way we see it, retirement is all about living tomorrow, on your own terms."
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