Lic Investment
vs
Aviva Life

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Lic Investment vs Aviva Life

Lic Investment

Aviva Life

Aviva India Life Insurance Company is a joint venture between Aviva Plc and Dabur Invest Corporation. The company initiated unit-linked and uniform participating plans in India.

COMPANY DETAILS Edit LIC Investment Plans

Lic Investment

 Edit Aviva Life Insurance Company Limited

Aviva Life
Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

000 to No limit

Annual Premiums Collected (2023-24)

1317.45 Cr
Payout Options

Payout Options

-

Payout Options

Lump sum, fixed payouts, or a combination of both
Claim ratio

Claim ratio

Minimum Age - 5 year%

Claim ratio

98.3%
Solvency Ratio

Solvency Ratio

80 years

Solvency Ratio

1.8
Branches

Branches

Annual, half-yearly,

Branches

122+
Riders Available

Riders Available

Minimum term - 6 years Maximum term - 30 years

Riders Available

Accidental Death Benefit Rider, Critical Illness Rider, Waiver of Premium Rider, Disability Income Rider
Policy Term

Policy Term

5 to 30 years

Policy Term

10 to 40 years

Know More About Companies

Overview

LIC Investment Plans: Overview

The Life Insurance Corporation of India is the oldest player in the insurance sector of India. LIC has been serving the insurance needs of the entire country over a long period of time. Being the best player in the market, the corporation has seized most of the stocks and has maintained its reputation as the largest insurance company in India.

LIC Investment Plans are tailor-made as per the financial and investment needs of the customers such as education, health, life cover, marriage of children, retirement purposes, etc. These plans are designed in a way to ideally deal with the financial burden during emergencies and uncertainties of life.

LIC Investment Plans ensures to look after your investment needs by offering:

why-choose

  • Maturity benefits

  • Death benefits

  • Participation in profits

  • Additional riders to choose from

Riders

Riders You Can Avail With Aviva Life Insurance Plans

Name of the Riders Benefits
Accidental Death Benefit Rider Accidental Death Benefits Rider by Aviva Term Insurance offers extra sum assured to the nominee of the policyholder, in case of death caused by any accident during the rider term.
Critical Illness Rider n Critical illness rider, sum assured will be given to policyholder in advance if he/she is diagnosed with any of the listed critical illness diseases such as cancer, Kidney failure, heart disease etc.
Waiver of Premium Rider In waiver of premium rider, the policyholder future premiums will be waived off in case of permanent disability of body caused by any reason. In waiver of premium rider the insurance companies will wait for 6 months to finalize the premium waiver. If the customer is still not able to work , the rider will be triggered.
Disability Income Riders In a disability income rider, the policy holder will get a regular income, if their body is disabled due to any of the reasons and is not able to work anymore. Disability income rider helps the policyholder to meet their present expenses in case of disability of the body.

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

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