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Aviva Life Shield

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This plan has been withdrawn by the insurance company and is no longer available for sale.

 

Aviva Life Shield Policy

 

Life Shield is one of the oldest insurance policies of Aviva which provides high protection at low cost. Avival Life Shield is a pure term insurance plan where the nominee gets a lump sum amount in case of death of the policy holder.

 

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Key Features of Aviva Life Shield Policy

 

§  Being a term insurance plan, it provides large protection cover at low premiums

§  The coverage amount can be increased on important events in life like marriage or birth of child

§  Lower premium rates for existing policy holders of Aviva Pension Plus

 

 

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

 

 

Benefits you get from Aviva Life Shield Policy

 

Death Benefit – The nominee would get entire coverage amount (sum assured) in case of death of the policy holder 

 

Maturity Benefit – Since this is a term insurance plan, there are no maturity benefits

 

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 maturity amount you receive from this plan are exempt from tax under section 10(10D).

 

 

Eligibility conditions in Aviva Life Shield Policy

 

 

 

Minimum

Maximum

Sum Assured (in Rs.)

5 lakhs

No Limit

Policy Term (in years)

5

40

Premium Payment Term (in years)

Same as Policy Term

Entry Age of Policyholder (in years)

18

55

Age at Maturity (in years)

23

65

Regular premium (in Rs.)

2,000

No Limit

Single premium (in Rs.)

Not Applicable

Payment modes

Yearly, Half-Yearly, Quarterly and Monthly

 

 

Sample illustration of premium amount in Aviva Life Shield Policy

 

Sum Assured = Rs.50,00,000

Policy Term = 25 years

Premium Payment Mode = Annual

Aviva Life Shield - Sample Premium Illustration

 

 

 

 
Additional Features and Benefits of Aviva Life Shield Policy
 
Riders – No riders are available in Aviva Life Shield Insurance Policy




 
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