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    • Aviva Term Plan

     4.0 / 5.0   by 176 users
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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    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.

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    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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    • Page 1 of 9 1 2 3 4 5
    • 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

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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , 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.
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      , bangalore
      Reviewed on Dec 04, 2017
    • Aviva Life Insurance
      "Very Good Money Back Policy"
      0.5 4.0/5 "Great!"
      AVIVA gave me terms and condition clearly during the activation of life insurance. I generally make the premium around Rs. 25,000 per annum it has total tenure of 20 years. Every 5 years I would get the bonus interest around Rs. 32,000 after the maturity period I would get the amount Rs. 3.31 lakhs. Its a beneficial policy to make the savings.
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      , new delhi
      Reviewed on Nov 13, 2017
    • Aviva Life Insurance
      "satisfied"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Aviva life insurance company and am holding it from the last two years of time. I would like to say that the response is fine one with the Aviva and I have not faced any issues with them till now.
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      , chennai
      Reviewed on Nov 04, 2017
    • Aviva Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a term plan from AVIVA the documents was very fine the staffs of AVIVA was very helpful the service was very good the payments are through online and it have 3 years I am using the service it was totally a excellent service from AVIVA for my term plan service.
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      , jammu
      Reviewed on Oct 28, 2017
    • Aviva Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a life insurance service with AVIVA and I have taken one policy for 25 years from AVIVA insurance and I use to get regular updates regarding new schemes and offers from AVIVA staffs,it was a very excellent experience from AVIVA for my life insurance service.
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      , bangalore
      Reviewed on Oct 26, 2017
    • Aviva Life Insurance
      "Good protect insurance"
      0.5 4.5/5 "Excellent!"
      I have Aviva life insurance, taken policy before four years from them, every annum I used to make the premium around Rs.16,000, its pure term insurance after me. My family will get the reimbursement of Rs.50 lakhs. I used to make the payment through netbanking, even I received the policy copy/
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      , bangalore
      Reviewed on Oct 20, 2017
    • Aviva Life Insurance
      "Good protection for family"
      0.5 4.0/5 "Great!"
      From Aviva everything is good, response towards the customer is excellent, I am paying the premium around Rs.7600 for the term insurance, it has the tenure of 30 years. If something happened to me my nominees will get reimburse amount of Rs.1 crore, their claim settled ratio is also good.
      Was this review helpful? 0

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      , pune
      Reviewed on Oct 04, 2017
    • Aviva Life Insurance
      "Very good policy to use"
      0.5 4.5/5 "Excellent!"
      The customer service is good with AVIVA insurance company, I hold a insurance policy with Aviva . This policy has the tenure of 25years. I pay the premium of 72000 every year. I pay the premium via E- transaction, which is easy way to pay the premium.
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      , hyderabad
      Reviewed on Sep 27, 2017
    • Aviva Life Insurance
      "Average "
      0.5 3.0/5 "Satisfactory"
      I am having the life insurance policy with the Aviva life insurance company and the services are really better one for me. I would like to say that the customer service is also a better one for me and the benefits are not really a satisfied one for me.
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      , coimbatore
      Reviewed on Sep 11, 2017
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