Aviva Jana Suraksha Term Insurance Plan

Jana Suraksha Plan Summary

This is a very basic term plan with no frills and suitable for low covers. It offers a maximum cover of Rs. 50,000. It is a low cost term insurance plan.
 

Plan Type	Unique Identification Number (UIN)
Term Insurance	122N021V02

There is an earlier version of this plan with the same name. You should check the UIN mentioned above to compare with that plan offering.
 

Key Features of Aviva Jana Suraksha Policy

• It is a low cost term insurance plan
• Double the sum assured in case of accidental death
• No medical tests required
• You can opt for annual premiums payments or the single premium mode 
• Premiums paid are eligible for tax benefits under Section 80C

Compare term insurance premiums

Eligibility Conditions for Aviva Jana Suraksha Policy

Parameter	Values
Entry Age	18 to 45 years
Policy Term	5 & 10 years
Premium Payment Frequency	Annually & Single
Minimum Sum Assured	Rs. 25,000 for Single Premium Rs. 30,000 for Annual Premium
Maximum Sum Assured	Rs. 50,000
Entry Age	18 to 45 years
Maximum Age at Maturity	50 years for 5 year policy term 55 years for 10 year policy term

Benefits Aviva Jana Suraksha Policy

Death Benefit - Sum Assured is paid to the nominee in case of policyholder’s death. In case of accidental death, double the sum assured is paid to the nominee.

Free-look Period - In case you want to return the policy after purchase, you can do so within 15 days of receiving the policy document. Your money will be refunded after deducting the stamp duty charges.

Tax Benefits - Premiums paid and the Death Benefit are tax free under Section 80C and Section 10 (10D) as per the current Income Tax Laws.  

Loan - No loan is provided against this plan.

Revival - In case a policy has lapsed due to non-payment of dues, it may be revived within 5 years of the 1st unpaid premiums by paying all premiums and subject to underwriting conditions. 
 

Sample Premiums for Aviva Jana Suraksha Policy

If a 35 year old takes cover of Rs. 30,000 the premiums that will be payable are as follows.

Parameter	Annual Premium	Single Premium
Policy Term = 5 years	Rs. 210	Rs. 780
Policy Term 10 5 years	Rs. 210	Rs. 1,260

As you can see, this is a low  cost plan meant for small covers too. 
In case you have any questions on this plan, please drop a comment and we will get back with our inputs.