Aviva Term Plan

Aviva offers a wide range of term plans tailor made to suit the different requirements of different individuals in the society. Each plan offered by the bank has its own set of features and benefits. The bank offers a mix of online and offline term insurance plans. Each plan comes at an affordable cost along with a wide range of benefits.

Types of Aviva Term Insurance Plans:

  1. Aviva life Shield Plus
  2. Aviva I Life
  3. Aviva i-Shield
  4. Aviva i-Life Secure
  5. Aviva Life Shield Advantage
  6. Aviva Life Shield Platinum
  7. Aviva Extra cover
  8. Aviva Sampoorna Suraksha Plan

Aviva life Shield Plus

Aviva Life Shield Plus is a term policy that offers comprehensive cover at an affordable cost. Listed below are some of the important features of the product.

Eligibility Criteria Minimum Maximum
Age at entry 18 years 55 years
Maturity age 28 years 65 years
Policy term 10 years 30 years
Sum assured Rs.10 lakhs No maximum limit
Aviva Life Shield Advantage

It is term plan that offers return of premium on maturity.

Eligibility criteria Minimum Maximum
Age at entry 18 years 55 years
Maturity age 28 years 65 years
Policy term 10 years 30 years
Sum assured Rs.10 lakhs

Option A-No maximum limit

Option B- Rs.50 lakhs

Aviva Life Shield Platinum

This is a unique term insurance policy offered by Aviva that provides three types of benefits along with various other attractive benefits.

Eligibility criteria Minimum Maximum
Age at entry 18 years 55 years
Maturity age 28 years 65 years
Policy term 10 years 30 years
Sum assured Rs.10 lakhs

Option A-No maximum limit

Option B- Rs.50 lakhs

Aviva I Life

It is a pure term online insurance plan that can be purchased online. The plan offers rebate in premium if the insured chooses higher ranges of sum assured.

Eligibility criteria Minimum Maximum
Age at entry 18 years 55 years
Maturity age 28 years 65 years
Policy term 10 years 30 years
Sum assured Rs.10 lakhs

Option A-No maximum limit

Option B- Rs.50 lakhs

Aviva i-Shield

It is an online term plan that offers the option of premium return on maturity. 110% of the premiums paid are returned to the policyholder on maturity of the policy under this plan.

Eligibility criteria Minimum Maximum
Age at entry 18 years 55 years
Maturity age - 65 years
Policy term 10 years 25 years
Sum assured Rs.15 lakhs Rs.5 crore
Aviva i-Life Secure plan

A pure online term insurance plan that offers annual payouts. The plan can be purchased online by lowering premiums.

Eligibility criteria Minimum Maximum
Age at entry 18 years 55 years
Maturity age - 65 years
Policy term 10 years 25 years
Sum assured Rs.50 lakhs Rs.10 crore
Aviva Extra cover

Aviva Extra cover is an offline term insurance plan that is offered under Aviva i-Life and another health plan by Aviva. The plan offers insurance along with a critical illness cover.

Eligibility criteria Minimum Maximum
Age at entry 18 years 55 years
Maturity age Nil

65 years for critical illness cover

70 years for term insurance

Policy term 10 years

30 years for critical illness cover

35 years for term insurance

Sum assured

5 years for critical illness cover

10 years for term insurance

Rs. 50 lakh for critical illness cover

No maximum limit on sum assured for term insurance

Aviva Sampoorna Suraksha Plan

It is term insurance plan that guarantees return of premium on maturity of the plan.

Policy tenure Premium paying tenure Entry age below 30 years Entry age between 31-40 years Entry age between 41-45 years Entry age between 46 and 50 years
8 years Single payment 125% of the single premium paid 120% of the single premium paid 115% of the single premium paid 110% of the single premium paid
9 years 5 130% of the total premium paid 125% of the total premium paid 120% of the total premium paid 115% of the total premium paid
10 years 7 135% of the total premium paid 130% of the total premium paid 125% of the total premium paid 120% of the total premium paid
15 years 10 155% of the total premium paid 150% of the total premium paid 145% of the total premium paid 140% of the total premium paid

Features and benefits of Aviva Term Insurance:

Listed below are the features and benefits of Aviva Term Insurance plans
  • Aviva offers different types of term insurance plans
  • The plans offer comprehensive coverage
  • Flexible payment period
  • Offers high amount of sum assured
  • The plans come at an affordable cost
  • Some of the insurance plans offer a rebate in premium if the insured chooses a higher sum of premium
  • Almost all the plans qualify for tax benefits and tax deductions under the Income Tax act, 1961.
  • Offers a basket of online and offline plans
  • Hassle free application process
  • Minimum documentation
  • Dedicated team of customer service to take you through the process

How does Aviva term plan work?

One can choose an Aviva Term Plan depending upon the cover they want and the pricing. After choosing a term plan, the insured has to pay for the insurance policy. The premium payment term is equal to the policy term in most of the Aviva Term plans. The nominee nominated by the insured at the time of initiation of the policy will be the beneficiary who receives the death benefit in case of death of the nominee. The insured can also avail tax benefits under this term plan.

Aviva Term Insurance FAQs:

  1. Q. Does the bank offer online term plans?

    The bank offers online term plans such as Aviva i-shield term plan, Aviva i-secure plan and Aviva i-Life plan.

  2. Q. Do the plans come with tax benefits?

    Yes, the plans qualify for tax benefits under the Income Tax Act, 1961.

  3. Q. What is the minimum age required to be eligible for the plan?

    The individual has to be at least of 18 years to be eligible for the plan.

  4. Q. How can one apply for the plan online?

    One can either apply for the plan online through the bank’s official website or through a third party financial website.

This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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Aviva Term Insurance Reviews

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  • Aviva Life Insurance
    "Very good"
    0.5 4.0/5 "Great!"
    I have taken one more insurance with aviva life insurance my plan is forty years almost eight years is complete . This is best customer service provided and response at a time and I am happy with aviva life insurance . and I am satisfied all thing in this insurance .
    Was this review helpful? 0
    , faridabad
    Reviewed on Mar 14, 2019
  • Aviva
    Aviva Life Insurance
    "Good income replacement plan"
    0.5 4.0/5 "Great!"
    I'm working with the AVIVA hence i have chosen the salary replacement income plan for my entire family benefits. If something happened to my life, they will be getting a 100% of my salary for next 20 years. I have been paying the premium amount of Rs. 600 every month. Since I'm working as a employee, i will get 50% additional benefits.
    Was this review helpful? 0
    , vadodara
    Reviewed on Feb 25, 2019
  • Aviva Life Insurance
    "Best Policy"
    0.5 5.0/5 "Blown Away!"
    I have taken life insurance from the Aviva LIFE INSURANCE life as it has good returns i make the payment through online banking annually . This policy covers accidental and critical illness benefits with the good tenure period The customer representative explained the benefits and features of the policy . Overall am satisfied with my policy .
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 28, 2019
  • Aviva Life Insurance
    "Very Good Service"
    0.5 4.0/5 "Great!"
    I had started this Term Insurance a long time back and the premium had been paying on an annual basis. The premium amount has been nominal and the payment method has been simple. I used to pay the premium through their mobile application which as convenient and their customer support has also been helpful.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 26, 2019
  • Aviva Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have taken life insurance policy with AVIVA LIFE from last 7 years and it is a long term policy. I have to pay premium for 15 years and ie through ECS and i am convenient with the payment options. Tenure period for this policy is 20 years and i am happy with the returns.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 08, 2019
  • Aviva Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been using my life insurance with Aviva life insurance corporation, i took this insurance my counselling my financial adviser, as he had suggested me, and there is some term plan i have took from this institute,and the premium amount they have charged me was nominal,and i pay on yearly basis, and i use to pay through off line.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 27, 2018
  • Aviva Life Insurance
    "Need more marketing about this policy"
    0.5 4.0/5 "Great!"
    Whenever i have a enquiry, the customer care people are giving a prompt response in a customer's understandable way. When they have charged extra from my credit card for my policy, they have given me a explanation of GST charges. I have taken a life insurance policy 20 years before. I pay the premium amount of Rs. 6510 then and now Rs. 10560 yearly once.
    Was this review helpful? 0
    , vellore
    Reviewed on Dec 04, 2018
  • Aviva Life Insurance
    "Take care of the family by taking this policy"
    0.5 4.0/5 "Great!"
    Last 2 years, i have not made the payment for my term insurance. Basically i have purchased this policy because they are charging very less premium in the market. Their brand ambassador is Sachin Tendulkar hence they are very good brand company. I don't have much interaction with their customer care service. I have chosen the coverage value of Rs.50 lakhs.
    Was this review helpful? 0
    , new delhi
    Reviewed on Dec 02, 2018
  • Aviva Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I have a life insurance policy with AVIVA life from last 6 years, i am happy with the coverage value of this policy. It covers critical illness as well as it has a cashless treatment. A premium of Rs 4500 has to be paid for this policy and i pay it through net banking.
    Was this review helpful? 1
    , pune
    Reviewed on Sep 12, 2018
  • Aviva Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I've a life insurance policy with the Aviva Life. I am paying 8000 per year via Online. The sum assured is 1 Crore and considering the policy features and plan benefits it has been a very good experience with the life insurance policy.
    Was this review helpful? 1
    , gurgaon
    Reviewed on Jul 14, 2018
  • Aviva Life Insurance
    "Good policy to use"
    0.5 4.0/5 "Great!"
    The AVIVA life insurance policy has been used by me for more than 3 years. This policy has the tenure of 20years. The customer support service and the response is good with the Aviva insurance. I pay the premium amount around Rs,10,000 in an year.
    Was this review helpful? 1
    , bangalore
    Reviewed on Jun 13, 2018
  • Aviva Life Insurance
    "Policy is good but the premium is high"
    0.5 5.0/5 "Blown Away!"
    Aviva term insurance coverage upto the age of 50. I used to make the payment through net banking. Last year onwards i register my credit card to auto debit the money from my card. I have taken this policy in the year of 2012. I'm paying the annual premium of Rs. 19900. Sum assured amount of Rs. 50 Lakhs.
    Was this review helpful? 1
    , madurai
    Reviewed on Jun 06, 2018
  • Aviva Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I hold a life insurance policy with AVIVA life from last 6-7 years and it is a long term policy. The tenure of this life insurance policy is 60 years. I pay my premium once in a year through net banking and i am convenient with the payment options. I am happy with the coverage and returns of this policy.
    Was this review helpful? 1
    , bangalore
    Reviewed on Mar 12, 2018
  • Aviva Life Insurance
    "Life insurance with AVIVA"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance from AVIVA.The premium is 47000 which i have to pay every year.And after completing the maturity period of 15 years they will provide me the sum assured plus the bonus amount. I make the payment through cheque. Its a good policy.
    Was this review helpful? 1
    , new delhi
    Reviewed on Mar 12, 2018
  • Aviva Life Insurance
    "Life insurance with AVIVA"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance from AVIVA.The premium which i have to pay yearly is 50000 and after completing the maturity period of 12 years they will provide me the sum assured plus the bonus amount. I always make the payment through cheque.
    Was this review helpful? 0
    , new delhi
    Reviewed on Mar 12, 2018
  • Aviva Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have taken Term Insurance with Aviva,the premium amount is 6,000,i have taken this policy since 2011.I have no claim experience with them till date,the policy is for 37 years,the policy coverage amounts is 50 lakhs,I pay premium amount online,within 12 days they had processed it.
    Was this review helpful? 0
    , kolkata
    Reviewed on Mar 02, 2018
  • Aviva Life Insurance
    "Good Payment Option"
    0.5 5.0/5 "Blown Away!"
    I have taken a Term Insurance from Aviva. I have been paying Rs.4000 as a premium for this Insurance. They are giving me a coverage of Rs.50 Lakhs. The total paying term is for 30 years. I have are already paid for my first 5-6 years. Payment options with them is good.
    Was this review helpful? 0
    , lucknow
    Reviewed on Mar 02, 2018
  • Aviva Life Insurance
    "Average"
    0.5 3.0/5 "Satisfactory"
    I have taken a Term Plan with AVIVA in the year of 2009. I have chosen the service because of customer service ratings and benefits are good. I am paying around 5000 rupees annually through net banking. It was taken through online. The customer service is not that much what I expected for.
    Was this review helpful? 0
    , mumbai
    Reviewed on Dec 21, 2017
  • Aviva Life Insurance
    "Average service"
    0.5 4.0/5 "Great!"
    I have taken a Life Insurance with AVIVA.The premium amount is 10,000 its very high as compared to Reliance is paid once in a year.The policy is for 30ayers.I get a policy coverage amount of 50 lakhs.The website is easy to understand and navigate.The executives respond on time.
    Was this review helpful? 1
    , ahmedabad
    Reviewed on Dec 19, 2017
  • Aviva Life Insurance
    "Good policy to use"
    0.5 4.0/5 "Great!"
    I am having AVIVA life insurance policy from last 7 years and it is a very good policy to use. This policy has to be renewed every year and i pay a premium of Rs 6000 on annual basis through online. I have a coverage amount up to Rs 50 lakhs and i am also satisfied with the benefits of this policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 04, 2017
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