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Aviva i-Life Secure Insurance Plan and Policy

Aviva iTerm 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 iTerm 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 Assured

Eligibility Details - Aviva iTerm Insurance Plan and Policy:




Sum Assured (in Rs.)


No Limit

Policy Term (in years)



Premium Payment Term (in years)

Equal to policy term

Equal to policy term

Entry Age of Policyholder



Age at Maturity



Single premium (in Rs.)



Payment modes

Yearly, Half-Yearly

Benefits - Aviva iTerm Insurance Plan and Policy:

Death Benefit – In case of death of the life insured, the nominee gets the sum assured

Maturity Benefit – There are no maturity benefits under this plan as it is a pure protection plan.

Income Tax Benefit - Life Insurance premiums paid up to Rs.1,50,000 are allowed as a deduction from the taxable income each year under section 80C

Aviva Term Protection Life Insurance Plans and Policy