Aviva LifeShield Advantage provides complete protection for your family incase you are not around. Additionally, all the money paid as premium will be returned to you on survival at the end of the Policy Term through:
- Payment of Life Cover (Sum Assured) to your family in the event of your death (Option A)
- Additional protection against Accidental Permanent Total Disability (Option B)
- Return of the money paid towards the base premium on your survival at the end of the policy term
- Additional protection against Permanent Total Disability (PTD) and 18 Critical Illness covered by the Aviva Dread Disease (DD) Rider (available with Option A regular premium mode)
- A rebate on your premium for higher levels of Sum Assured
Specifications:
- Entry age: 18-55 years (Maximum age at the expiry of the policy is 65 years)
- Policy term: 10 years to 30 years
- Minimum Sum Assured: Rs 2 lacs
- Premium Payment Frequency: Single Premium (for Option A); Yearly, Half-Yearly, Quarterly and Monthly (for both Options)
- Riders: Aviva Dread Disease (DD) Rider (with Option A, Regular Premium)
Benefits –
Death / PTD Benefit:
Option A: Life protection
- Death Benefit: In the unfortunate event of your death during the Policy Term, provided that all the due premiums are paid till death, the Sum Assured is paid to your nominee and the policy terminates
Option B: Life-cum-disability protection along with Return of Premium
- Death/PTD Benefit – In the unfortunate event of your death or suffering from Permanent Total Disability (PTD) due to an accident, whichever is earlier during the Policy Term, provided that all the due premiums are paid till death, the Sum Assured along with the sum of all premiums paid till date of notification of death (excluding extra premiums, taxes and rider premiums, if any), will be paid and the policy terminates.
Rider Benefit: if Aviva Dread Disease (DD) Rider is opted along with Option A (regular premium):
- An additional amount equal to the Aviva DD Rider Sum Assured is payable on contracting any of the 18 Critical illnesses covered or on Permanent Total Disability due to an accident or illness. This rider payout does not impact benefits payable under the base plan
MaturityBenefit:
- Maturity Benefit under this plan (both options) is Return of Premiums paid excluding rider premium, taxes and extra premium, if any, paid. There is no interest paid on the sum of premiums.
Tax Benefit:
- The Policy offers tax benefits as per the prevailing laws of the Income Tax Act, 1961. Tax laws are subject to change
Know about more plans -Aviva Life Insurance
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