Aviva India announces the launch of Aviva Secure Nest Annuity Plan, a retirement solution that allows customers to secure regular income for life with a onetime single premium payment. The plan offers entry up to the age of 80, making it accessible to a wide range of individuals planning for retirement.
Aviva Secure Nest Annuity Plan offers multiple annuity options to suit varied needs, such as single life and joint life coverage, guaranteed lifetime income with flexible payout frequencies, and a return of purchase price feature to protect legacy for nominees. It is also aligned with Pension Fund Regulatory and Development Authority (PFRDA) regulations, making it a relevant choice for National Pension System (NPS) subscribers. By combining flexibility, compliance, and family protection, Aviva Secure Nest Annuity proves to be a practical solution for long‑term financial security.
Commenting on the launch, Mr. Asit Rath, MD & CEO, Aviva India, said, “Retirement is a milestone that should be marked by security and dignity. With Aviva Secure Nest Annuity Plan, we are offering our customers a simple yet powerful way to ensure a steady stream of income for life, while protecting the financial wellbeing of their loved ones.”
Adding further perspective, Mr. Ajai Kumar Tripathi, Chief & Appointed Actuary of Aviva India, said, “Aviva Secure Nest Annuity Plan has been carefully structured to balance guaranteed returns with flexibility. By offering options such as joint life coverage and return of purchase price, we are addressing the varied needs of customers who want both stability and family protection.”