Aviva India has launched the “Aviva Secure Nest Annuity Plan,” a retirement-focused insurance solution aimed at providing customers with a guaranteed lifelong income through a one-time premium payment. Announcing the launch on Monday, the company said the plan is designed to cater to a wide range of retirement needs and allows entry for individuals up to 80 years of age. The plan offers multiple annuity options, including single life and joint life coverage, flexible payout frequencies, and a return of purchase price feature that enables nominees to receive the invested amount. The company said the product is aligned with Pension Fund Regulatory and Development Authority (PFRDA) regulations, making it suitable for National Pension System (NPS) subscribers seeking long-term financial security after retirement.
Speaking on the launch, Asit Rath said retirement should be marked by “security and dignity” and added that the plan aims to ensure a steady stream of income while protecting the financial well-being of families. Ajai Kumar Tripathi said the product has been structured to balance guaranteed returns with flexibility and family protection features.
In Guwahati, demand for retirement and pension-linked products is steadily rising in the city as more salaried professionals and self-employed individuals seek stable post-retirement income options amid growing awareness about long-term financial planning.