Aviva India has launched the “Aviva Secure Nest Annuity Plan”, a retirement-focused financial product aimed at addressing the rising demand for guaranteed post-retirement income solutions in India. The plan enables customers to secure lifelong regular income through a one-time single premium payment and offers entry eligibility up to 80 years of age.
The company said the plan has been designed with multiple annuity options, including single life and joint life coverage, flexible payout frequencies, and a return of purchase price feature to safeguard nominees’ financial interests. The product is also aligned with Pension Fund Regulatory and Development Authority (PFRDA) regulations, making it suitable for National Pension System (NPS) subscribers looking for stable retirement income solutions.
Commenting on the launch, Asit Rath said the company aims to provide customers with “a simple yet powerful way” to ensure financial security and dignity during retirement while protecting family interests. Ajai Kumar Tripathi said the annuity plan has been structured to combine guaranteed returns with flexibility through features such as joint life coverage and return of purchase price.
In Guwahati, financial advisors and insurance distributors say awareness around retirement planning products has increased significantly in the city, driven by rising financial literacy among middle-income households, government employees, and private sector professionals seeking dependable long-term income and family protection after retirement.
