Aviva Pension Plan Calculator

unit linked and unitized with-profit plans. With various programmes and plans in hand, Aviva pension plan calculator eases the task of strategizing the rates in manual records.

Why Should You use the Aviva Pension Plan calculator?

Amid the multitude of data, keeping a tracked record of unerring numbers, packaged in pension plans, is a challenging task. These pension plans aid in a steady stream of payments so that the policyholder can plan for his retirement needs and scale the differences.

 In Aviva insurance plans and budgets, fall two important pension plans like Aviva Next Innings Pension Plan and Aviva Annuity Plus Plan. Serving as an easily accessible and convenient tool, Aviva Pension Plan Calculator, calculates premium plans for these plans. With easy comparison, budget making and future planning are also secure in facile method. 

Process to Use Aviva Pension Plan Calculator 

1. Enter the required information and personal details.

   To avail the benefits of fine calculation and perfect record or choose the best of plans and schemes for easy old age and secured finances, filling one's gender, DOB, marital status, current debts and liabilities, annual income, coverage amount required, etc. And also must fill in the details regarding one's extra habits or activities like drinking or smoking.

2. Enter the sum assured amount

   The sum assured amount must be filled with careful consideration and a future plan of secured actions. To proceed with premium calculations and comparative analysis, one must have a clear-cut idea on the basis of policy as well as one's required credentials. As a lump sum amount or monthly division of pay, one can opt as per their convenience.

3. Check the premium amount and finalize the policy purchase

   After the filled credentials, one will see the estimated amount on their screens for the appropriate plan. Now to determine if it falls within the league of the budget is a criterion of advanced planning and optimal decision. If it does, then buying the term policy will secure the future finances of dear ones. In the otherwise of the situation, the prospective buyer can consider opting for other plans suiting their investment.

Advantages of Aviva Pension Plan Calculator

Aviva pension plan calculator is a comprehensive tool to safeguard the family interest of the policyholder with accurate assessment on the premium benefits and right insurance coverage. 

Aviva pensions, stocks and shares, readymade insurance programs and self-invested income programmes benchmark quality and reliability. With diverse range of terms and plans, it provides several advantages as listed below: 

1. Gives an estimated premium amount

    The series of offers may have the minds dubious over the right plan for those who don't even have the exact idea on these. But once, they enter the relevant details online, the reflection on screen steers clear any such confusions whatsoever.

2. Saves the time efficiently

    Saving from the tedious process of manual calculation and tracking of bonuses or payment, it is handy and compares such stats in a time efficient manner with accurate assessment on the same.  Hence, it’s a time friendly tool.

3.  Cost-effective 

   Aviva pension plan calculator is free of cost online tool and accessible to all. Without the inhibitions and in a hassle-free manner, this tool is much of a privileged concept. Policyholders can in just a click on the website have all their records segregated with precision and computed way. Thereby, being error free and cost effective.

Information Required While Using Aviva Pension Plan Calculator 

Using this source of service, one must provide with its prerequisite information-

• Personal information: including date of birth, income, loan, debt, gender etc.
• Health information- prevailing medical conditions, illness history, critical habits like smoking.
• Sum assured amount

Benefits of Buying Aviva Pension Plan Calculator 

When one buys such offers and invests in these plans, it assures:

1. Guaranteed income

    Fixed/steady income is guaranteed after investing. Thus, even after the end of service, one can be ensured of regular payment at home. So Aviva Pension calculator gives a rough estimate of how much one would require after retiring.

2. Liquidity

   Retirement plans offer little liquidity to buyers but there are few plans that offer this opportunity as well to withdraw. So during emergencies, one has to not seek for bank loaning or external aids. Individuals have the choice to take lump sum or instalments for pension. Depending on the policyholder's circumstances, one can opt for either, i.e., take lifetime income instead of lump sum for the pension. A lump sum gives more flexibility and control and more responsibility to manage the proceeds. While in instalments, there is tax deduction and security.

3. Vesting age

    At this age, one begins to avail their monthly pay. Most plans have their vesting age at 45 with flexibility up to 70 years. Some can even extend up to 95 years. 

4. Risk mitigation

    For any unprecedented casualty or financial instability, one may not have to panic for running assets but can rely on assured payments. Aviva pensions can be cashed out whenever financial requirements arise. When one plans to go through income drawdowns, pension money can be cashed. It provides a tax free part of your pension, either as a lump sum or in instalment. One can claim the taxable part in due time later as required.

5. Tax Benefits

   The pension plans offer the dual benefit of investment and insurance cover. So as it's filled in the saved amount of our pension plans, it accumulates to pay off after retirement. It secures the retired life financially, Section 80C and 10 (10D) of Income Tax Act. With certain tax liberty under Section 10(10A), commuted pension is exempted while section 80CCC exempts premiums from taxation. The death benefits are ruled out by Section 10 (10D)

** Standard Terms and Conditions apply

** Tax benefits are subject to change bylaws.

AVIVA Pension Plan Rates

Aviva pension plan rates are at affordable and comprehensive status. They are formulated in distinct patterns to fit every requirement of the customer. The rates of pension plans can vary among applicants based on type of insurance, opted mode and source of service. The documents and paperwork demands information. In normal and generalised terms, they adhere with-

• Age of the applicant.
• Gender- women tend to get better premium rates 
• Sum assured- when the sum assured are high then they have the corroborating rates low.
• Policy tenure- The higher the number of years, the lesser the premium amount.
• Applicant's occupation
• Premium payment terms

**Standard terms and conditions apply.

Hence, a person can determine their pension plans with the effective process of strategy by Aviva Pension Plan calculator.

FAQ's