Aviva I Life Term Plan

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Aviva i Life Term Insurance Plan

 

Aviva i Life is a pure protection plan which is available for online purchase without any agent intervention. Pure Term Plans have Death Benefit if the life insured dies within the policy tenure and no Maturity Benefit if he survives the entire term. It is a vanilla term plan with no fringes attached. 

 

Compare Term Plans 

 

Key Features of Aviva i Life Term Plan

 

  • It is a pure Term Insurance Policy with Death Benefit only and no Maturity Benefit.
  • Exclusively available on the internet for an online purchase and only available in  select cities
  • An additional rebate for female lives of 5% on the tabular premium rates for male lives
  • There is a rebate for large Sum Assured

 

 

Benefits you get from Aviva i Life Term Plan

 

Death Benefit – In case of death of the life insured, the nominee gets the sum assured

 

Maturity Benefit – There are no maturity benefits under this plan as it is a pure protection plan.

 

Income Tax Benefit - Life Insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C

 

 

Eligibility conditions and other restrictions in Aviva i Life Term Plan

 

 

Minimum

Maximum

Sum Assured (in Rs.)

25,00,000

No Limit

Policy Term (in years)

10

35

Premium Payment Term (in years)

Equal to policy term

Equal to policy term

Entry Age of Policyholder

18

55

Age at Maturity

-

70

Single premium (in Rs.)

NA

NA

Payment modes

Yearly, Half-Yearly

 

 

Sample illustration of premium amount in iLife Term Plan

 

The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 50 lakhs and Policy Term = 25 years

 

 Aviva iLife Term Insurance Sample Premiums

 

 

Additional Features and Benefits of iLife Term Plan

 

Riders – No riders are available in this policy

 

 

What happens if?

 

You stop paying the premium - If the policy holder stops paying the premium, then all benefits of the policy will cease after the expiry of the grace period. It can however be re-instated the policy within 2 years of lapsation by paying up all due premiums with interest.

 

You want to surrender the policy – There are no surrender benefits under this term plan. No paid Up Value is acquired under this plan.

 

You want a loan against your policy – Loan facility is also not available under this policy.

 

 

Alternate term plans from different insurance companies


iProtect from ICICI Prudential

iTerm Plan from Aegon Religare

Met Protect from MetLife

IndiaFirst Anytime Plan

 

 

Other term insurance plans from AVIVA Life Insurance


Aviva Life Shield Platinum

Aviva Life Shield

Aviva Life Shield Plus

Aviva Life Shield Advantage

Note: This is a statement of facts based on the information collected from the Aviva I Life Term Plan brochure and insurance company's website. It should not be construed as a Critical or Favourable Aviva I Life Term Plan Review, Analysis or Recommendation.
Insurance is a subject matter of the solicitation.


Which is the best term insurance plan.Please send me the details.

By Amit shah on Mar 26, 2012

Hi

Provide me the complete details for 50lakhs term insurance plan for me.

My DOB 18.11.1979

By Raghavendra on Mar 19, 2012

I AND MY WIFE WANT TERM INSURANCE OF RS. 25 LAC EACH.AND HEALTH INSURANCE OF 5LACS EACH. WHAT WILL BE THE PREMIUM FOR TERM INS. N HEALTH INS. AS I M 47 YRS AND MY WIFE IS 43 YRS OLD.
PLS PROVIDE UR BROUCHER AND UR TERM CONDITIONS.


WE BOTH WANT TO TAKE THIS POLICY IN THIS APRIL.12 . SO CLEAR US AS WE ARE INTERESTED IN ON LINE TERM PLAN BUT I WANT CLARIFICATION ABOUT IF SUPPOSE SOME THING HAPPENED TO POLICY HOLDER THEN WHAT IS THE PROCEDURE OF GETTING CLAIM WHEN THERE IS NO AGENT & WHAT IS THE CLAIM SETTLEMENT RATIO & HOW CO IS HELP FOR CLAIM & HOW MUCH TIME TAKEN FOR PASSING CLAIM.PL REPLY IN DETAILED. WILL THE POLICY COVER CRITICAL ILLNESS,PERMANENTLY DISABILITY,ACCIDENTAL DEATH BENEFIT, TERRORIST ATTACK.

By arif ghazi on Mar 18, 2012

I AND MY FRIEND ALSO WANT AN INSURANCE OF RS. 25 LAC EACH. BUT WE ARE NOT SURED THAT OF SOME THING HAPPNE WITH US , THE CLAIM IS GIVEN OURS NOMIEES WITH ANY PROB.
PLS PROVIDE UR BROUCHER AND UR TERM CONDITIONS.


WE BOTH WANT TO TAKE THIS POLICY IN THIS MARCH.12 MONTH . SO CLEAR US AS WE ARE INTERESTED IN ON LINE TERM PLAN BUT I WANT CLARIFICATION ABOUT IF SUPPOSE SOME THING HAPPENED TO POLICY HOLDER THEN WHAT IS THE PROCEDURE OF GETTING CLAIM WHEN THERE IS NO AGENT & WHAT IS THE CLAIM SETTLEMENT RATIO & HOW CO IS HELP FOR CLAIM & HOW MUCH TIME TAKEN FOR PASSING CLAIM.PL REPLY IN DETAILED. WILL THE POLICY COVER CRITICAL ILLNESS,PERMANENTLY DISABILITY, accidental death DEATH BENEFIT TERRORIST ATTACK

By
VIPIN

By VIPIN KUMAR on Mar 12, 2012

I am 43 yrs of age and my brother is 35 yrs and we want to take a policy of 20 lakhs each for 25yrs and 30yrs pls let us know the premium for each and the benefits of taking Term Policy from Aviva with other companies.

By S K CHAKRABORTY on Feb 23, 2012

Am interested for term plan hence please contact on my cell no 9375306111

By Amit Pritmani on Feb 23, 2012

hi, what are the hidden terms and conditions, and has any one got the sum assured.(nomine) .. because the person who insures will not know what happens to there insurance.... because claim is only after death.. is this safe to go with online policy or go for LIC the know devil who charge more than a private angle who charges less....

By Raghavendra on Feb 17, 2012

I want to invest in child insurance pl. guide me

By M Bhattacharjee on Feb 16, 2012

respected sir/madam
i would like to know about your best term plan for me as my detail is given
i am married
i am working in govt sector, my salary is 32000/ p.m
my age is 39years.
dependents are my mother and my wife

thanks

By zia on Feb 05, 2012

i need a term plan with return of premium

By Jenson on Jan 27, 2012

Hi , I am Gurveer 28yr old working with an MNC & I want to buy this term plan for 1crore. Kindly clarify my few queries :

a. What are the Premium Payment modes available in iLife Plan ? Yrly / Hlf Yrly / Qtrly / Mnthly ?
b. What is the procedure for renewal premium payment? Cash / Cheque / DD or only online payment only?
c. What are the exclusions under this plan?
d.Is thr any rider available under this plan ? If yes then which one ?
e.What is the process of Claim Settlement ? How many working days co. required for settling the claim ?
f. What is the main reason behind this GAP of premium amount if compared with other Co.

Regards
Gurveer

By Gurveer Bhatia on Jan 18, 2012

I m interested in one term plan for 5000000 but i need to know all the terms and conditions & claim settlement ratio

By shivaji on Jan 17, 2012

I AM INTERESTED IN ON LINE TERM PLAN BUT I WANT CLARIFICATION ABOUT IF SUPPOSE SOME THING HAPPENED TO POLICY HOLDER THEN WHAT IS THE PROCEDURE OF GETTING CLAIM WHEN THERE IS NO AGENT & WHAT IS THE CLAIM SETTLEMENT RATIO & HOW CO IS HELP FOR CLAIM & HOW MUCH TIME TAKEN FOR PASSING CLAIM.PL REPLY IN DETAILED. WILL THE POLICY COVER CRITICAL ILLNESS,PERMANENTLY DISABILITY, accidental death DEATH BENEFIT TERRORIST ATTACK

By ATUL on Jan 14, 2012

I CONFUSED WHILE COMPARING THE PREMIUM PAID FOR ASSURED AMOUNT WITH OTHER LATERAL COMPANIES WHICH SHOWS UN-BELEIVABLE DEVIATION IN THE PREMIUM, MEANS AVIVA HAS VERY LOW RATE OF PREMIUM PAIYING. CAN YOU GIVE THE EXACT REASON FOR THIS DEVIATION. WHAT IS THE RATIO OF CLAIM SETTLEMENT. HOW MUCH TIME TAKEN TO PAY/CLEAR THE CLAIMS.

THE HUGE DEVIATION IN PREMIUM RISES SUSPENCE OF YOUR HIDING TERMS AND CONDITIONS.
I AM INTERESTED IN ON LINE TERM PLAN BUT I WANT CLARIFICATION ABOUT IF SUPPOSE SOME THING HAPPENED TO POLICY HOLDER THEN WHAT IS THE PROCEDURE OF GETTING CLAIM WHEN THERE IS NO AGENT & WHAT IS THE CLAIM SETTLEMENT RATIO & HOW CO IS HELP FOR CLAIM & HOW MUCH TIME TAKEN FOR PASSING CLAIM.PL REPLY IN DETAILED. WILL THE POLICY COVER CRITICAL ILLNESS,PERMANENTLY DISABILITY, accidental death DEATH BENEFIT TERRORIST ATTACK

By GK Gupta on Jan 14, 2012

I AM INTERESTED IN ON LINE TERM PLAN BUT I WANT CLARIFICATION ABOUT IF SUPPOSE SOME THING HAPPENED TO POLICY HOLDER THEN WHAT IS THE PROCEDURE OF GETTING CLAIM WHEN THERE IS NO AGENT & WHAT IS THE CLAIM SETTLEMENT RATIO & HOW CO IS HELP FOR CLAIM & HOW MUCH TIME TAKEN FOR PASSING CLAIM.PL REPLY IN DETAILED. WILL THE POLICY COVER CRITICAL ILLNESS,PERMANENTLY DISABILITY, accidental death DEATH BENEFIT TERRORIST ATTACK

By sanjeev mittal on Jan 13, 2012

I AM INTERESTED IN ON LINE TERM PLAN BUT I WANT CLARIFICATION ABOUT IF SUPPOSE SOME THING HAPPENED TO POLICY HOLDER THEN WHAT IS THE PROCEDURE OF GETTING CLAIM WHEN THERE IS NO AGENT & WHAT IS THE CLAIM SETTLEMENT RATIO & HOW CO IS HELP FOR CLAIM & HOW MUCH TIME TAKEN FOR PASSING CLAIM.PL REPLY IN DETAILED.WILL THE POLICY COVER CRITICAL ILLNESS,PERMANENTLY DISABILITY,DEATH BENEFIT TERRORIST ATTACK

By Gaurang on Jan 12, 2012

I CONFUSED WHILE COMPARING THE PREMIUM PAID FOR ASSURED AMOUNT WITH OTHER LATERAL COMPANIES WHICH SHOWS UN-BELEIVABLE DEVIATION IN THE PREMIUM, MEANS AVIVA HAS VERY LOW RATE OF PREMIUM PAIYING. CAN YOU GIVE THE EXACT REASON FOR THIS DEVIATION. WHAT IS THE RATIO OF CLAIM SETTLEMENT. HOW MUCH TIME TAKEN TO PAY/CLEAR THE CLAIMS.

THE HUGE DEVIATION IN PREMIUM RISES SUSPENCE OF YOUR HIDING TERMS AND CONDITIONS.
PLZ CLARIFY.......... I HV 2 PURCHASE ANY TERM PLAN BY SOON.

Regards
UK Sharma

By UMAKANT SHARMA on Jan 10, 2012

In my opinion every single earning member of a family should have sufficient cover of any term plan....because life is completely uncertain...nobody knows whts is fate of tomorrow...and one thing more...preferring term plan will be the best idea...just coz one gets the maximum risk cover at very low cost of premium...and that is the motto of the life insurance.... and for rest of the investments... there are other asset classes....so friends think over it and have it immediately....God bless you all....

By Vasudev Tilwani on Jan 01, 2012

I AM INTERESTED IN ON LINE TERM PLAN BUT I WANT CLARIFICATION ABOUT IF SUPPOSE SOME THING HAPPENED TO POLICY HOLDER THEN WHAT IS THE PROCEDURE OF GETTING CLAIM WHEN THERE IS NO AGENT & WHAT IS THE CLAIM SETTLEMENT RATIO & HOW CO IS HELP FOR CLAIM & HOW MUCH TIME TAKEN FOR PASSING CLAIM.PL REPLY IN DETAILED.WILL THE POLICY COVER CRITICAL ILLNESS,PERMANENTLY DISABILITY,DEATH BENEFIT TERRORIST ATTACK

By RAM NATH PRASAD on Dec 31, 2011

The document should cover exclusion if any.
Does policy cover natural calamities , Terrorist attack etc.
Does policy cover death outside india ?
What is claim settlement ratio for this company ?

By AMIT GUPTA on Dec 31, 2011

I AM INTERESTED IN ON LINE TERM PLAN BUT I WANT CLARIFICATION ABOUT IF SUPPOSE SOME THING HAPPENED TO POLICY HOLDER THEN WHAT IS THE PROCEDURE OF GETTING CLAIM WHEN THERE IS NO AGENT & WHAT IS THE CLAIM SETTLEMENT RATIO & HOW CO IS HELP FOR CLAIM & HOW MUCH TIME TAKEN FOR PASSING CLAIM.PL REPLY IN DETAILED.

By Kalpesh on Dec 30, 2011

I AM INTERESTED IN ON LINE TERM PLAN BUT I WANT CLARIFICATION ABOUT IF SUPPOSE SOME THING HAPPENED TO POLICY HOLDER THEN WHAT IS THE PROCEDURE OF GETTING CLAIM WHEN THERE IS NO AGENT & WHAT IS THE CLAIM SETTLEMENT RATIO & HOW CO IS HELP FOR CLAIM & HOW MUCH TIME TAKEN FOR PASSING CLAIM.PL REPLY IN DETAILED.WILL THE POLICY COVER CRITICAL ILLNESS,PERMANENTLY DISABILITY,DEATH BENEFIT TERRORIST ATTACK

By DBS Chauhan on Dec 19, 2011

i want to take this policy ,which looks good.

By vipin on Dec 17, 2011

I AM INTERESTED IN ON LINE TERM PLAN BUT I WANT CLARIFICATION ABOUT IF SUPPOSE SOME THING HAPPEND TO POLICY HOLDER THEN WHAT IS THE PROCEDURE OF GETTING CLAIM WHEN THERE IS NO AGENT & WHAT IS THE CLAIM SETTLEMENT RATIO & HOW CO IS HELP FOR CLAIM & HOW MUCH TIME TAKEN FOR PASSING CLAIM.PL REPLY IN DETAILED

By rashmi on Dec 13, 2011

I AM INTERESTED IN ON LINE TERM PLAN BUT I WANT CLARIFICATION ABOUT IF SUPPOSE SOME THING HAPPEND TO POLICY HOLDER THEN WHAT IS THE PROCEDURE OF GETTING CLAIM WHEN THERE IS NO AGENT & WHAT IS THE CLAIM SETTLEMENT RATIO & HOW CO IS HELP FOR CLAIM & HOW MUCH TIME TAKEN FOR PASSING CLAIM.PL REPLY IN DETAILED

By gn Malviya on Dec 10, 2011

What will happen if I survive the whole life term of 25years of my policy and dies after the policy maturity. Will my nominee will get the benefit.

By venkatachalam on Dec 08, 2011

I AM INTERESTED IN ON LINE TERM PLAN BUT I WANT CLARIFICATION ABOUT IF SUPPOSE SOME THING HAPPEND TO POLICY HOLDER THEN WHAT IS THE PROCEDURE OF GETTING CLAIM WHEN THERE IS NO AGENT & WHAT IS THE CLAIM SETTLEMENT RATIO & HOW CO IS HELP FOR CLAIM & HOW MUCH TIME TAKEN FOR PASSING CLAIM.PL REPLY IN DETAILED

By Deepak Veera on Dec 02, 2011

PLEASETELL ME THE BENIFITS OF YOUR POLICY AND THE PREMIUM RECQUIRED FOR 10000000. I AM 41 YEARS . DURATIO FOR 18 YEARS

By DR.SIKHA SIROMANI on Nov 21, 2011

i am interested for i life plan so plz guidence

By sumit patil on Nov 20, 2011

I am 45years old male. I wish to purchase Aviva I life of Rs.3000000 S.A. Pls. inform to me the yearly Premium amount, and procedure of purchasing through online. Can possible to renew the premium through online- give the details pls.

By Jitender kumar on Nov 10, 2011

I am 45 years old, I wish to purchase Aviva I life of Rs.3000000 S.A. Pls. inform me the yearly Premium amount, and procedure of purchasing through online. Is it possible to renew the premium through online- give the details pls.

By Jitendra kumar on Nov 10, 2011

I am 45 years old, I wish to purchase Aviva I life of Rs.3000000 S.A. Pls. inform me the yearly Premium amount, and procedure of purchasing through online. Is it possible to renew the premium through online- give the details pls.

By Jitendra kumar on Nov 10, 2011

I am 45 years old, I wish to purchase Aviva I life of Rs.3000000 S.A. Pls. inform me the yearly Premium amount, and procedure of purchasing through online. Is it possible to renew the premium through online- give the details pls.

By Jitendra kumar on Nov 10, 2011

I am 45 years old, I wish to purchase Aviva I life of Rs.3000000 S.A. Pls. inform me the yearly Premium amount, and procedure of purchasing through online. Is it possible to renew the premium through online- give the details pls.

By Jitendra kumar on Nov 10, 2011

I am 45 years old, I wish to purchase Aviva I life of Rs.3000000 S.A. Pls. inform me the yearly Premium amount, and procedure of purchasing through online. Is it possible to renew the premium through online- give the details pls.

By Jitendra kumar on Nov 10, 2011

Ja JHAR Ke

By Anup kullu on Nov 10, 2011

Details of term policy.

By Raju Barhate on Nov 10, 2011

I am 40 year old , i am working as a teacher.I wish to purchase Aviva i life 2500000 S.A . Plz inform to me the yearly premium

By B.Srieenivasa Rao on Nov 06, 2011

Can the nominee for this policy be an organisation or does it have to be an individual only?

By VN on Nov 03, 2011

While most Term Ins. are available til one reaches 60 or 65 age, this ins. is available til only age 55?

By Bharat on Oct 28, 2011

My age is 32 M from Punjab and i want a terrm insurance plan with a cover of 50 laks

By Parvesh on Oct 22, 2011

I am 44 y old male, working in Muscat. I wish to purchase Aviva I life of 2500000 S.A. Pls. inform to me the yearly Premium amount, and procedure of purchasing through online. Can possible to renew the premium through online- give the details pls.

By Shibu on Oct 20, 2011

i am 31 year old. i want to take a aviva term policy of 50,00000.what are the total terms and conditions of this policy.please send me the details.

By prity agarwal on Oct 18, 2011

I am 49years old residing in Bhuj-Kutch, Gujarat. I am having Valuer's franchisee offices at Ahmedabad,Rajkot,Gandhidham & Bhuj. I require Term Plan of 1 Crore.What will be premium?Is this available at Bhuj?

By ATUL MEHTA on Oct 15, 2011

Iam 52 year oid please send me calculation tableAviva I Life Term Plan"

By k-G-Goyal on Oct 15, 2011

I am 44yrs old.i want to go 4 a term insurance policy.about 50 Lacks/75 lacks. what will be premium. N also give Health policy plan up to 5lacks,and what will be premium yearly/half yearly.

By kishore on Oct 14, 2011

I'm 31 yr old, bank employee, i am presently posted at UJJAIN i 'm interseted to take a term plan for 35 year amount 40 lacs .

By rajiv kumar on Oct 14, 2011

I shall be 24 in Feb, 2012. I wish to take AVIVA Term Plan for 25 Years for Rs.25 Lac. Please let me know the annual premium.

Thanks

By SUGANDHA on Oct 11, 2011

i shall be 24 in FEB 2012.I WISH TO TAKE TERM PLAN FOR 25YEARS FOR 25 LAKH RUPEES.HOW MUCH PREMIUM AMOUNT YEARLY I SHALL HAVE TO PAY?

By sugandha on Oct 11, 2011

I WANT TO OPEN A CHEAPEST TERM PLAN OF 2500000.
I AM 36 YEARS. I WANTS
ALL RISK COVERED; OCCURERD BY ACCIDENT.; EARTH QUAKE; FLOOD; NORMAL DEATH; TERRIOST ATTACK. SO PLEASE SUGGEST.

By sandeep kumar agrawal on Sep 18, 2011

If the policyholder dies during the 1st policy year after paying the first year's premium then his/her nominee will get the agreed sum assured (cover amount).

By Manoj on Sep 17, 2011

What happens when the person insured has died after paying the 1st year premium. Will the family get the entire insurance cover?

By RAJAN on Sep 09, 2011

I am 30.5 yrs old. I want to go for a Term Insurance Policy.Can you give me the details of Term Insurance Policies offered by Aviva and other Insurance Companies. Pl give the details of risk covered e.g.Accident, Terrorist Attack, Eaarthquake, Critical Illness. Will I be covered for permanent diability? or does it cover only death? Pl give as much info as you can, so as to enable me to decide. I want to take this policy for 30 yrs & sum assured should be 50 Lac. What would be the yearly preminum? Pls let me know for smoker & non-smoker both.

By Ravi Gupta on Sep 09, 2011

AVIVA ILIFE TERM PLAN IS REALLY THE BEST TERM PLAN

By gunjan on Sep 07, 2011

can we purchase Aviva online term plan in Panaji/ Margao, Goa?

By Rupali on Sep 07, 2011

The rebate part for female's sounds really good.

By Chirag on Sep 02, 2011

I am 36 yrs old. I want to go for a Term Insurance Policy.Can you give me the details of Term Insurance Policies offered by Aviva and other Insurance Companies. Pl give the details of risk covered e.g.Accident, Terrorist Attack, Eaarthquake, Critical Illness. Will I be covered for permanent diability? or does it cover only death? Pl give as much info as you can, so as to enable me to decide.

By Satish on Aug 30, 2011

I am 49 yrs old. I want to go for a Term Insurance Policy.Can you give me the details of Term Insurance Policies offered by Aviva and other Insurance Companies. Pl give the details of risk covered e.g.Accident, Terrorist Attack, Eaarthquake, Critical Illness. Will I be covered for permanent diability? or does it cover only death? Pl give as much info as you can, so as to enable me to decide.

By ASHOK S PAI on Aug 23, 2011

can u suggest comparative between Aviva &Aegon Relegare iTerm Policy. Aegon Relegare claims that terrorist attacks are covered under its iTerm policy only.How much is the reliability of above two plans compared to LIC iTerm Plan?

By Binod Srivastava on Aug 18, 2011

i want aviva i term plan.insurance of about 50 lakhs.what will be the prieum.i am 29yrs old

By uday garkar on Aug 04, 2011

Is this the CHEAPEST INSURANCE PLAN. I can pay a premium of Rs 10000 per year and want a good insurance policy. You are an insurance expert and i have seen a lot of interviews and articles of myinsuranceclub.com. I need your help

By Ishfaque on Aug 03, 2011

Does existing group insurance under ur company have lifetime renewability ?
At the time of making this policy it was not mentioned, so can the clause be added ?
Pl reply
thanks

By mds on Jul 29, 2011

You know what, I'm very much incilned to agree.

By Torie on Jul 27, 2011

I really like your review of Jeevan Arogya. Its in detail and very simple to understand

By Ganesh on Jul 19, 2011

pl conduct person in kovi

By chellappavasudevan on Jul 12, 2011

I have expended my last 7yrs in sales.
according to me it is just an avrage plan coz of sum reson,
1-much high premium of policy is a big reson to say a know, bcoz its hard to countin.. a policy like dis.
2-there is no rider in dis policy.
3-its a ulip based plan and in this plan gureteed option is just to make pople fool, bcoz last three year are not gurrenteed in dis plan.
its good investment plan only for those who can manage their portfolio, if u r nt capable, then dont go for it.
i can give only 2 star (**) to this policy.

By aryan on Jul 08, 2011

I want to be open for single premium policies for long term, now i am 35 , i want to deposit 1 lacs for 25 year, Pls suggest me how can i get good maturity value in my old age.

By rajiv kumar lal on Jun 27, 2011

Dear sir/ madam;
please tell me what are the insurance policies available , and which one is best policy in india. then what are the benefits are included ple send me full details my email-id




thanks& regards
sureshkumar.s

By sureshkumar.s on Jun 27, 2011

My parents are aged 65 and 60 respectively. What will be the premium and other conditions if I choose them as beneficiariesunder the plan

By anju .m on Jun 14, 2011

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