The new Aviva Life Shield Plus policy is a protection plan for the family. This policy comes for a nominal cost. If the Aviva Life Insurance policy holder dies due to any accident then the payment of the life cover will be paid to the family of the policy holder with a rider of double the life cover in any case of accidental death.
If there is any case of critical illness or permanent disability the life cover will be paid till the stability of the policy term. This policy comes with the most competitive rates.
The key features of Aviva Life Shield plus are:
- The entry age of the policy is 18 to 55 years.
- The maximum age at the expiry of the policy should be 65 years.
- The available policy term is 10 years to 30 years.
- The minimum sum assured under this policy is Rs 10 lakhs.
- The premium payment frequencies of the policy are yearly, half yearly, quarterly and monthly.
- The riders available under this policy are Aviva Dread Disease (DD) Rider and Accidental Death Benefit (ADB) Rider.
- This policy gives lower premium rates for the women.
The benefits of the Aviva Life Shield Plus are:
As death benefit
The payment of life cover or sum assured is paid to the family of the policy holder if there is any case of death of the insured with a condition of double the life cover in the case of accidental death if the insured has opted for the Accidental Death Benefit Rider.
As health benefit
If there is any case of critical illness or permanent total disability the life cover will continue till the policy term if the insured has opted for Accidental Death Benefit Rider.
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