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A term insurance is a type of life insurance that provides protection and financial stability to the policyholder’s family even when he/she is not around. Various Aviva Life term insurance plans and policies provide protection and assurance of fulfilling financial requirements of the family members when the insured is not around.
Types of Aviva Life Term Insurance Plans & Policies
Aviva Life Insurance offers a variety of term insurance plans to keep the family safe and secure. You can also enjoy additional benefits through the riders included in the plans. The term plans offered by Aviva Life Insurance are:
- Aviva I Life
- Aviva I-Shield
- Aviva LifeShield Advantage
- Aviva LifeShield Platinum
- Aviva Extra Cover
- Aviva Sampoorna Suraksha Plan
- Aviva I-LifeTotal
- Aviva I-Term Smart
Aviva I Life
Eligibility Criteria
| Particulars | Details |
| Entry age | 18 – 55 yrs |
| Maturity age | 75 yrs |
| Policy term | 10 – 35 yrs |
Benefits of Aviva I Life
- Policyholder can avail income tax benefits under the Income Tax Act
- Rebate in the premium amount offered at higher sum assured
- Women shall get 5% discount on premium
Aviva i-Shield
Eligibility Criteria
| Particulars | Details |
| Entry age | 18 – 55 yrs. |
| Maturity age | 65 years |
| Policy term | 10 – 25 yrs. |
Benefits of Aviva i-Shield
- If the policyholder dies within the policy term, the company shall pay the sum assured to the nominee as per the conditions
- After the policy completes three years, the policyholder is eligible for policy surrender
- Premium return is offered on maturity
Aviva Life Shield Advantage
Eligibility Criteria
| Particulars | Details |
| Entry age | 18 -55 yrs |
| Maturity age | 28 -65 yrs |
| Policy term | 10 -30 yrs |
Benefits of Aviva Life Shield Advantage
- Under Option Aof the plan, if the policyholder dies during the policy term, the sum assured shall be paid-off to the nominee of the policyholder
- Under Option Bof the plan, if the policyholder faces Permanent Total Disability (PTD) due to an accident or he dies, the company shall pay premium returns along with sum assured to the nominee
Aviva Life Shield Platinum
Eligibility Criteria
| Particulars | Details |
| Entry Age | 18 – 60 years |
| Maturity age | Rs. 3,200 |
| Policy term | 10 – 52 years, subject to max maturity age of 70 years |
Benefits of Aviva Life Shield Platinum
Option A – Life Protection
- On the death of the policyholder, the company shall pay a lump sum amount to the family
- Smokers and non-smokers are provided with different premium rates
Option B – Income Replacement
- Family of the policyholder receives monthly income after the demise of the policyholder
- Time period for which the family shall receive the monthly income benefit is pre-opted at the time of purchase
Option C – Loan replacement
- Life cover chosen by the policyholder decreases as the policy term proceeds
- It offers a loan facility
Aviva Extra Cover
Eligibility Criteria
| Particulars | Details |
| Entry age | 18 -55 yrs |
| Maturity age | Max. 65 yrs for critical illnesses cover
Max. 70 yrs. for term insurance |
| Policy term | 10 – 30 yrs for critical illnesses
10 – 35 yrs for term insurance |
Benefits of Aviva Extra Cover
- Low premium rates for non-smokers
- For a high sum assured, the plan offers premium rebates
- Policyholder shall get benefits for claim over 12 critical illness covered under the plan.
Aviva Sampoorna Suraksha Plan
Eligibility Criteria
| Particulars | Minimum |
| Entry age | 18 – 50 yrs |
| Maturity age | Max. 65 yrs |
| Policy term | 8/9/10/15 yrs – 30 yrs for critical illness |
Benefits of Aviva Sampoorna Suraksha Plan
- Premium returns as maturity benefits
- Flexible premium payment option
- Lowest annual premium of Rs. 750 is available to start the policy
Aviva I–Life Total
Eligibility Criteria
| Particulars | Minimum |
| Entry age | 18 – 60/65 yrs |
| Maturity age | Max. 70/75 yrs |
| Policy term | 10/15 yrs – 30/57 yrs |
Also Read: Aviva LifeShield Advantage
Benefits of Aviva I–Life Total
- Under one option, life cover as well as maturity benefit on survival till maturity
- This option provides a regular monthly income to the nominee on death of the Life Insured
Aviva I-Term Smart
Eligibility Criteria
| Particulars | Minimum |
| Entry age | 18 – 65 yrs |
| Maturity age | Max. 70/80 yrs |
| Policy term | 5/6/7/8/9/10 yrs – 10/70-entry age/80-entry age |
Benefits of Aviva I-Term Smart
- During the free look period of 30 days from the date of receipt of the Policy Document.
Comparison of Aviva Life Term Insurance Plans
| Plan Name | Entry Age
(In Years) |
Maturity Age
(In Years) |
Policy Term
(In Years) |
Sum Assured
(INR) |
||||
| Min. | Max. | Min. | Max. | Min. | Max. | Min. | Max. | |
| Aviva I Life
|
18 | 55 | NA | 65 | 10 | 30 | 10 Lakh | Option-A:
No max. limit
Option-B: 50 Lakh |
| Aviva i-Shield
|
18 | 55 | NA | 65 | 10 | 25 | 15 Lakh | 5 crore |
| Aviva LifeShield Advantage
|
18 | 55 | 28 | 65 | 10 | 30 | 2 Lacs | Option-A:
No max. limit set.
Option-B: 50 Lakh |
| Aviva LifeShield Platinum
|
18 | 55 | 28 | 65 | 10 | 30 | 10 Lakh | Aviva Extra cover
|
| Aviva Extra cover
|
18 | 55 | NA | 65- for critical illnesses. cover
70- for term insurance |
10 | 30- for critical illnesses cover | 5 Lakh for critical illnesses cover.
25 Lakh for term insurance |
50 Lakh for critical illness cover.
No maximum limit for term insurance |
| Aviva Sampoorna Suraksha Plan
|
18 | 50 | NA | 65 | 8/9/10/15 | 7,500 | 3,00,000 | |
FAQs
Q1. What is the minimum age for these Aviva Life term plans?
The individual applying for any of the plans must have attained 18 years of age.
Q2. How can I buy the plan online?
Any individual interested in any of the plans by Aviva can apply online or visit the nearby branch office.