Aviva Life Shield Advantage

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Aviva Life Shield Advantage Policy

 

Aviva Life Shield Advantage is a term insurance plan which offers return of premium on maturity. The premiums paid by you every year would be returned to you if you survive the term of the policy.

 

Compare Term Insurance Plans

 

Key Features of Aviva Life Shield Advantage

 

§  High levels of insurance cover for your family

§  The premiums paid by you are paid back to you at the end of the policy term, if you survive the policy term

§   Lower premium rates for higher amounts of cover

 

There is a variant of the plan, called Option A, in which the premiums offered will not be returned. The details mentioned in this page are for Option B which is with return of premium. Check out Aviva Life Shield Plus for pure term plan without return of premiums.

 

Have any doubts that need to be clarified? Request a Call Back

 

Benefits you get from Aviva Life Shield Advantage

 

Death Benefit – Your nominee would get entire coverage amount (sum assured) in case of death of the policy holder. The sum of all premiums paid by the policyholder would also be paid along with the sum assured. 

 

Maturity Benefit – This plan is a variant of the pure term insurance plan. The premiums paid by you would be returned to you if you survive till the end of the policy term.

 

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. The death benefit your nominee receives from this plan is exempt from tax under section 10(10D)

 

 

Eligibility conditions and restrictions in Aviva Life Shield Advantage

 

 

Minimum

Maximum

Sum Assured (in Rs.)

2 lakhs

50 lakhs

Policy Term (in years)

10

30

Premium Payment Term (in years)

Same as Policy Term

Entry Age of Policyholder (in years)

18

55

Age at Maturity (in years)

28

65

Regular annual premium (in Rs.)

2,400

No Limit

Payment modes

Yearly, Half-Yearly, Quarterly and Monthly

 

 

Sample illustration of premium amount in Aviva Life Shield Advantage

 

Coverage Amount (Sum Assured) = Rs.50,00,000

Policy Term = 25 years

Premium Payment Mode = Annual

Aviva Life Shield Advantage


 

Additional Features and Benefits of Aviva Life Shield Advantage

 

Riders – Accidental Death Benefit and Accidental Permanent Total Disability rider is available with this plan. Please note that this rider is applicable only in case of death or permanent total disability due to an accident occurs. 

 

Type of Rider

Available with Policy

Accidental death benefit

Yes

Permanent disability benefit

Yes

Waiver of premium benefit

No

Critical illness (or dread diseases) benefit

No

Increased death benefit / Term rider

No

Hospital cash benefit

No

 

The amount payable for the riser is over and above the sum assured or base insurance coverage

 

 

Alternate Term plans from different insurance companies

 

Birla Sun Life Premium Back Term Plan

HDFC Premium Guarantee Plan

ICICI Prudential Life Guard - Return of Premium

ING Term Life Plus

 

 

Other Term insurance plans from Aviva Life Insurance

 

Aviva iLife

Aviva Life Shield

Aviva Life Shield Plus

Aviva Life Shield Platinum

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


Leave a Comment

Pls check this functionality

By Deepak Yohannan on Sep 05, 2013 Reply

 verified, thank!

Replied By Manoj Aswani (MIC Staff) on Sep 05, 2013 Reply

 yes, thanks!

Replied By Rupanjali Mitra Basu (MIC Staff) on Sep 05, 2013

MY DOB IS 20/12/1978 I WANT 30 YEAR TERM IN LIFE SHILD ADAVANTAGE TERM PLAN
SUM 15 LAC PLS GIVE A PREMIUM IN MY MAIL ID
SURESH

By Suresh Patil on Dec 01, 2011 Reply

dear sir please give high sum assured

By Chunchu.Suresh on Sep 06, 2011 Reply

Dear Sir,
Pl provide calculator which enables the individual to calculate the premium amount at the particular year.

Regards,

By Ankur Mishra on Aug 26, 2011 Reply

My age is 34 plus. if i want to purchase a term plan of Rs 5000000 for 20 years what will be the premium and what will be for 25 year for same amount.
Does the primium is a fixed rate for 20 years or not. What tems and benifites are associated with this policy..........

By H Maan on Aug 22, 2011 Reply

hai,

Plz study this policy

By Srinivasulu on Jul 17, 2011 Reply

hey thanks guys, i got a call from max bupa and i picked up the plan online itself. smooth. good show. cheers, prithvi.

By Prithvi on Jun 23, 2011 Reply

fantastic plan with returm of premium at a nominal cost !

By Sachin on Jan 15, 2011 Reply

Aviva life shield advantage seems to be a good ter

By Diwakar Sinha on Jan 06, 2011 Reply

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