IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Aviva New Pension Plus Easy steps to finalizing your plan Step 1: Step 2: Step 3: Decide the annual income you will need on retirement. This will influence the choice of policy term and premium. Decide the policy term as the number of years to retirement 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) Choose the Premium Payment Frequency (PPF) based on your convenience.

Annual Premium (Rs.)

Vesting Age (years)

Gross Investment Return (%) 6% 10% 6% 10% 6% 10% 6% 10% 6% 10% 6% 10%

Projected Fund Value at Maturity (Rs.) 821,069 1,277,276 1,629,613 3,345,202 1,659,362 2,575,617 3,306,475 6,763,878 3,417,731 5,301,000 6,797,895 13,908,340

Yield Net of Charges (%) 4.52% 8.28% 4.62% 8.46% 4.61% 8.34% 4.70% 8.52% 4.86% 8.58% 4.86% 8.66%

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) Systematic Transfer Plan (STP): This option allows you to enter and exit the equity market not abruptly at once but slowly at different times and at different levels. This has the effect of averaging out the risks associated with the equity market, thus reducing the overall risk you face. This facility is available to you if you pay premium on yearly basis and at least 10% of premiums are allocated to Pension Protector Fund-II STP is available as a weekly and a monthly option. Under this, units from Pension Protector Fund-II to Pension Growth Fund-II are transferred through automatic switching free of charge, in the following pattern:
In case of weekly STP Week 1 Week 26 Week 52 Month 1 Month 6 Month 12 1/52th of the units available at the end of Week 1 .. 1/27th of the units available at the end of Week 26 .. Balance units available at the end of Week 52 1/12th of the units available at the end of Month 1 .. 1/7th of the units available at the end of Month 6 .. Balance units available at the end of Month 12

At the end of every year, the accumulated fund value will be automatically redistributed through switching between Pension Growth Fund-II and Pension Protector Fund-II using the formula:
Allocation to Pension Growth Fund-II = X% - ( X% )*(Z - Y) Policy Term

Pension PSU Fund: To generate steady returns through investment in PSU and related equities

Debt & Money Market 0% 40% Equities 60% 100%

High

20 25,000 30 20 50,000 30 20 1,00,000 30

Where X% is the initial allocation into Pension Growth Fund-II, Y is your age at exercising AAA and Z is your current age. Balance will be allocated to Pension Protector Fund-II. The future premiums will also be allocated into Pension Growth Fund-II and Pension Protector Fund-II using the above formula every year. During the period when AAA is operational, no other switches into or from the Pension Protector Fund-II and Pension Growth Fund-II is allowed. AAA may be stopped on any policy anniversary by a written request at least 30 days prior to the policy anniversary. Once discontinued, this option can not be restarted. AAA can not be opted along with STP. c) Indexation: You have the option to increase the regular premium at an indexation rate at each policy anniversary. The rate of indexation shall be in line with the increase in the Whole Sale Price Index (or in the event that this Index ceases to be published, such other index as the Company may select for this purpose). This increase in premium does not affect the Sum Assured under rider, if opted for. You also have an option to deselect indexation on any policy anniversary, upon which the right to future indexation will be lost. Please note that premium once increased by indexation cannot be reduced. d) Additional Regular Premium: This option allows you to increase your premium payments in accordance with your changing needs / preferences. This option can be exercised at any policy anniversary. The minimum increase in premium allowed is Rs 1,000 and there is no maximum limit on this. The premium once increased, cannot be reduced in future e) Top up: You have the option to make lump sum investments through top-ups anytime during the policy term, provided all due premiums are paid. Top-up will help you to increase the investment value of your policy. The minimum top up is Rs 1,000 and there is no maximum limit. f) Investment Funds: This plan provides you the flexibility to simultaneously invest in one or more of the six unit linked funds. You can invest 100% of your premiums in any of the funds or choose a combination of funds. The
Fund Name and Objective Pension Protector Fund-II: To generate steady returns with minimum exposure to equities Asset Allocation Debt & Money Market Equities 0% 100% 0% 20% Risk Profile

Pension Infrastructure Debt & Money Market 0% 40% Equities Fund: To generate 60% 100% steady returns through investment in infrastructure and related equities Pension Index Fund-II: Debt & Money Market 0% 20% Equities To generate returns 80% 100% broadly in line with the stock market index S&P CNX NIFTY

High

Step 4:

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 the form 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:
First Year Annual Premium < 50,000 >=50,000 to <1 Lac >=1 Lac to <5 Lac >=5 Lacs Loyalty Additions payable every year (as % of First years Annualised Premium) 2% 5% 7% 9% Starts at the end of year 11 11 5 5

High

Aviva New Pension Plus Be financially secure even after retirement Aviva New Pension Plus is a non-participating unit-linked pension plan that helps you build a corpus till you retire, which enables you to continue earning a regular income even after your retirement. The plan also ensures that your lifestyle is not affected because of inflation and hence there are options to increase your premiums systematically. Based on your needs, you can choose from 6 fund options while also having the flexibility to reconsider 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 Maturity Addition on the date of maturity. Flexibility to revise the vesting age: Depending on your need, you can 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-II, Pension Balanced Fund-II, Pension Growth Fund-II, Pension PSU Fund, Pension Infrastructure Fund and Pension Index Fund-II, depending on your investment objectives and risk appetite. Top up facility: Enhance your investments through top up premiums. Aviva New Pension Plus Eligibility Entry age Vesting Age Policy Term (PT) : 18 75 years (last birthday) : 40 80 years (last birthday) : Minimum: 5 years Maximum: 62 years Premium Payment Term (PPT) : Single Premium, or Premium payment term equal to the policy term for Regular Premium Minimum Annual premium : Policy Term Minimum Premium (Rs.) (for regular 5 to 10 1,00,000 premium policies) 11 to 19 18,000 20 and above 12,000 Minimum Single Premium : Rs. 1,00,000 Maximum Annual/ : no maximum limit Single premium Top-up premium : Minimum Rs. 1,000; no maximum limit Premium frequency : Single, Yearly, Half yearly, Quarterly, Monthly (ECS / Direct Debit is mandatory for Monthly frequency)

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 policyholder 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 term 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 policies, 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.

In case of monthly STP

Reverse STP: During the last 2 years (i.e. last 24 months) before maturity, the following proportion of units will be switched from the Pension Growth Fund-II to the Pension Protector Fund-II: Month 1 Month 12 Month 24 1/24th of the units available at the start of 24th month .. 1/13th of the units available at the start of 12th month .. Balance units available at the start of the last month

You may kindly note that: Investment in Debt and Equity would include Debt and Equity Derivatives, if the same is permissible by IRDA. Minimum and maximum limits on asset categories, as above, have been determined to have the investment flexibility in the fund to take the advantage of investment opportunities vis--vis risks involved. The Company, in line with the investment objective, may alter the above pattern, subject to IRDA approval. It is recommended that your choice of funds be based on your investment objectives and your appetite for risk. Ideally, you should opt for a mix of all funds, which results in diversification and consequently lower risk. g) Premium Re-direction: You have the option to redirect your premiums to different funds at anytime, upto 2 times in a policy year, for all future premiums. The minimum allocation in each selected fund must be 10%. h) Unit switches: You may switch your accumulated funds (partly or fully) between the 6 funds, at anytime during the policy term. In case of a part switch, the minimum amount switched and the balance left in the fund after switching, should be Rs. 5,000. The first 4 unit switches in a policy year are free of charge. Aviva New Pension Plus Charges: 1. Premium Allocation Charge (defined as 100% minus Allocation rate): Regular Premium policies:
Policy year 1 2 onwards Allocation Rate 75% 98%

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:
Policy Term (Years) < =10 >= 11 Maturity Addition (as % of First years Annualised Premium) 75% 90%

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) Automatic 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 market and 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.

Single Premium policies: Single Premium Allocation Rate <5,00,000 >=5,00,000 98% 99%

Top-up Premiums: allocation rate for top-up premiums is 98% for all policies 2. Fund Management Charge (FMC): An FMC of 1% per annum will be applied on Pension Index Fund-II and 1.35% for all other funds while calculating NAV on a daily basis. It can be increased subject to prior approval by IRDA. 3. Policy Administration Charge(PAC): Regular Premium policies: Policy administration charge will be deducted by monthly cancellation of units from the unit account for first three years.
Policy year PAC (per month) as a percentage of First Year Annualised Premium 1% Nil

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.

Low

Pension Balanced Debt & Money Market 0% 100 % Fund-II: To generate a Equities 0% 45% balance of capital growth and steady returns Pension Growth Fund-II: To generate long term capital appreciation with high equity exposure Debt & Money Market Equities 0% 80% 20% 60%

Medium

High

1 to 3 4 onwards

Single Premium policies: Rs. 48 per month till the policy term

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, subject to a maximum of Rs 500 per switch. 5. Reinstatement Charge: In respect of every reinstatement, a Reinstatement Charge equal to 1.5% or 4.5% of the first years annual premium, if the reinstatement takes place respectively within 1 year or 2 years from the date of first unpaid premium, will be recovered from the next Loyalty / Maturity Addition. 6. Miscellaneous charge: Service tax and education cess will be applied as notified by the government from time to time. 7. Surrender Charge: You can surrender your policy after completion of 3 policy years. The surrender charge for the regular premium policies will be applied basis the completed years premiums paid and the date of surrender as per the table below: For regular premium policies:
No. of full years premiums paid If less than one policy years premium has been paid 1 2 3 4 Surrender charge as a percentage of First Year Annual Premium 100% (i.e. No surrender value) 25% reducing at a simple rate of 0.1% for each month completed after 3 policy years 20% reducing at a simple rate of 0.2% for each month completed after 3 policy years 15% reducing at a simple rate of 0.3% for each month completed after 3 policy years 15% reducing at a simple rate of 0.3% for each month completed after 3 policy years but reducing at a simple rate of 0.4% after payment of full 4 years premium 10% reducing at a simple rate of 0.4% for each month completed after 4 policy years but reducing at a simple rate of 0.5% after payment of full 5 years premium

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 "Standard 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 Linked Funds are subject to market risks and there is no assurance or guarantee that the objective of the investment fund will be achieved. Past performance 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 41 In 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 connection 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 of the 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 the 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.

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) surrender the policy and take the surrender value b) continue the policy without paying further 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 be subject 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/ Expropriation 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 requests (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 even 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.

Queries and Complaints If you would like additional information or if you have any queries or complaints, please contact us at the numbers given below: For more details, call us at 1800 180 2244 (Toll-free for BSNL/MTNL users) or 0124-2709046, SMS Pension to 5676737

Aviva New Pension Plus

A plan to help accumulate funds so you can enjoy your retirement years.

You may also contact :

For Single premium policies:

Policy Year in which policy is surrendered 1,2,3 Surrender Charge The Surrender Value shall accrue over the first three policy years but shall be payable after the completion of first three policy years subject to Surrender Charge as mentioned below. 3% of Single Premium reducing at a simple rate of 0.1% for each month completed after 3 policy years

An initiative to provide education to underprivileged children. Visit www.avivaindia.com to know more or make a contribution.

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

4&5

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.

A Joint Venture between Dabur Group and Aviva Group

Aviva Life Insurance Company India Ltd.
Aviva Tower, Sector Road, Opposite Golf Course, DLF Phase-V, Sector 43, Gurgaon-122 003 www.avivaindia.com Registered Office: 2nd Floor, Prakashdeep Building, 7, Tolstoy Marg, New Delhi-110 001
Advt. No.: 1354
Insurance is the subject matter of the solicitation.

Jan.2010
UIN: 122L074V01