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This plan has been withdrawn by the insurance company and is no longer available for sale.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


COMPARE THIS PLAN WITH OTHER TERM PLANS
    Yes
    No

     

    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


    HAVE ANY DOUBTS THAT NEED TO BE CLARIFIED?

     

    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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