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Aviva i-Life Insurance Plan and Policy

Aviva i-Life Insurance Plan and Policy - Aviva i-Life is a pure protection plan which is available for online purchase without any agent intervention. Pure Term Plans have Death Benefit if the life insured dies within the policy tenure and no Maturity Benefit if he survives the entire term. It is a vanilla term plan with no fringes attached.

Key Features - Aviva i-Life Insurance Plan and Policy:

  • It is a pure Term Insurance Policy with Death Benefit only and no Maturity Benefit.
  • Exclusively available on the internet for an online purchase and only available in select cities
  • An additional rebate for female lives of 5% on the tabular premium rates for male lives
  • There is a rebate for large Sum Assure.

Eligibility Details - Aviva i-Life Insurance Plan and Policy:

AGE OF ENTRY 18 years 55 years
MATURITY AGE - 70 years
SUM ASSURED Rs.25,00,000 No limit
PREMIUM PAYMENT TERM Equal to Plan tenure
POLICY TERM 10 years 35 years
PAYMENT MODE Yearly, Half-yearly

Benefits - Aviva i-Life Insurance Plan and Policy:

Tax Benefits:

  • Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.

Maturity Benefit:

  • None.

Death Benefit:

  • In case of death of the life insured, the nominee gets the sum assured.

Aviva Term Protection Life Insurance Plans and Policy