India's 1st IRDAI Approved Insurance Web Aggregator

Aviva Life Shield Plus

  •  views
  •  views

Aviva Life Shield Plus Policy

Aviva Life Shield Plus is a pure term insurance cover which offers high coverage at low premium amounts. No money would be returned to the policyholder in case they survive the term of the policy.

Compare Term Insurance Plans

 

Key Features of Aviva Life Shield Plus Policy

§  The plan offers high levels of cover at lower premiums.

§  You get discounts on premiums if the sum assured is higher than 25 lakhs

§  Lower premium rates apply for women


COMPARE THIS PLAN WITH OTHER TERM PLANS
Yes
No


 

Benefits you get from Aviva Life Shield Plus 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. You will not receive any amount if you survive the term of the policy

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)


HAVE ANY DOUBTS THAT NEED TO BE CLARIFIED?

 

Eligibility conditions and restrictions in Aviva Life Shield Plus Policy

 

Minimum

Maximum

Sum Assured (in Rs.)

10 lakhs

No Limit

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 premium (in Rs.)

2,000

No Limit

Payment modes

Yearly, Half-Yearly, Quarterly and Monthly & Single

 

 

Sample illustration of premium amount in Aviva Life Shield Plus Policy

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

Policy Term = 25 years

Premium Payment Mode = Annual
Aviva Life Shield Plus

 

Additional Features and Benefits of Aviva Life Shield Plus Policy

Riders – Accidenal Death Benefit and Aviva Dread Disease Riders are available for regular premium paying policies. The riders are not available with Single Premium Policies. The riders can only be taken at the beginning of the policy but can be cancelled any time and the extra premium amount would be reduced for the remainder of the policy term.

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

Yes

Increased death benefit / Term rider

No

Hospital cash benefit

No

 

The Aviva Dread Disease rider pays a lumpsum amount if the policy holder suffers from a list ofcritical illness or suffers from Permanent Total Disability due to accident or illness.

In case of Accidental Death Benefit rider, the nominee of the policy holder would get an additional amount along with the regular sum assured of the policy.



 

Other Term Insurance Plans from Aviva
Similar Withdrawn Term Insurance Plans from Aviva
Compare Term Plans

Leave a Comment

Term Insurance Calculator