Aviva Term Plan

Aviva Life Shield Advantage

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

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.

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.

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.

Aviva i-Life Secure plan

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

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.

Aviva Sampoorna Suraksha Plan

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

Features and benefits of Aviva Term Insurance:

Listed below are the features and benefits of Aviva Term Insurance plans

1. Aviva offers different types of term insurance plans
2. The plans offer comprehensive coverage
3. Flexible payment period
4. Offers high amount of sum assured
5. The plans come at an affordable cost
6. Some of the insurance plans offer a rebate in premium if the insured chooses a higher sum of premium
7. Almost all the plans qualify for tax benefits and tax deductions under the Income Tax act, 1961.
8. Offers a basket of online and offline plans
9. Hassle free application process
10. Minimum documentation
11. 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.

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