Comprehensive Coverage
These plans offer comprehensive coverage, including accidental death benefit, terminal illness benefit, and disability benefits, ensuring that all unfortunate scenarios are covered within the plans.
Hassle-Free Claims Process
Aviva has a hassle-free claims process, ensuring that your beneficiaries can easily claim the sum assured in case of your unfortunate demise.
Tax Exemption
All term plans of Aviva Life Term Insurance offer tax benefits as per the Income Tax Act, 1961. Premiums paid are eligible for tax exemption up to Rs 1.5 lakh.
Affordable Premiums
Aviva Term Insurance offers affordable premiums, making it easier for you to secure your family's financial future without high premiums.
Trustworthy Reputation
Aviva Term Insurance is a well-known and trusted brand since 2002, having sold over 30 million insurance policies. Aviva Term Insurance has a reputation for providing high-quality insurance products and excellent customer service.
Eligibility Criteria for Aviva Term Insurance Plans
To purchase an Aviva term insurance plan, certain eligibility criteria must be met. Let's understand them in detail.
Age
A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in the term insurance plan’s premium.
Health Condition
Since an Aviva term insurance plan insures the policyholder’s life, most insurance providers require a policyholder to undergo a health examination to determine their current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement.
Income
An Aviva term insurance plan has no specified minimum income requirement. However, they might ask for your bank statement copies and salary slips to determine the coverage on your term plan.
Smoking Habits
If you smoke or have been a smoker in the past, you must disclose this information to the insurer, as smokers are exposed to severe health hazards like lung cancer.
Citizenship
Indian citizens can buy an Aviva term insurance plan in India in their name. NRIs or PIOs can also leverage the benefits of a term insurance plan in India.
Additional Benefits Offered by Aviva Term Plans
Aviva Life Term Insurance Plans offer various additional benefits to policyholders, some of which are explained below:
Premium Discounts on Higher Sum Assured
With Aviva Term Insurance plans, you can get up to a 15% premium discount on a higher sum assured.
Return of Premium
Aviva Term Plans offer a return of premium benefit with some of their plans. If the life assured survives the entire policy tenure, they can get all the paid premiums back.
Surrender Benefits
In case you don't want to continue the term plan or your insurance requirement is completed, you can surrender your Aviva term insurance policy at any policy anniversary during the policy tenure.
Affordable Premiums
Aviva Term Plans offer long-term coverage at an affordable cost. With the Aviva Protection Plus term plan, you can protect yourself starting with Rs. 750/- per month.
Types of Aviva Term Plans
There are a plethora of Aviva Life Term Plans based on their features, benefits, and premiums. You can select the one that best suits your requirements.
Basic Term Insurance Plan
Plan Name: AVIVA Protection Plus
Aviva Protection Plus Plan offers the dual benefit of insurance and saving in the same policy.
Riders You Can Avail With Aviva Term Insurance Plans
You can avail the following riders with your Aviva term insurance plans.
| Name of the Riders |
Benefits |
| Aviva Accidental Death Benefit Rider |
The Aviva Accidental Death Benefit Rider offers an additional sum assured to the policyholder's nominee in case of death due to an accident during the rider term. |
| Aviva Critical Illness Rider |
With the Critical Illness Rider, the sum assured is paid to the policyholder in advance if diagnosed with any of the listed critical illnesses such as cancer, kidney failure, or heart disease. |
| Aviva Waiver of Premium Rider |
With the Waiver of Premium Rider, future premiums are waived off in case of the policyholder's permanent disability. The insurance company will wait for 6 months to confirm the disability; if the customer is still unable to work, the rider will be triggered. |
| Aviva Disability Income Riders |
The Disability Income Rider provides a regular income to the policyholder if they become disabled and are unable to work. This rider helps meet present expenses in case of disability. |
Documents Required to Buy Aviva Term Insurance
Here are the documents required to buy Aviva Term Insurance:
- Photo ID Proof: Any one of these: Passport, Aadhaar card, PAN card, Driving license.
- Age Proof: Any one of these: Passport, Aadhaar card, PAN card, Driving license.
- Address Proof: Any one of these: Utility bill, passport, voter ID, ration card.
- Medical Records: Medical records of the policyholder (if requested).
- Income Proof: Any one of these: Bank statement, last three months' salary slips (for salaried individuals).
How to Calculate Premiums
- Visit the official website of Aviva Life Insurance Company.
- Click on the "Buy Online" tab (under Popular Links).
- Click on the 'Know More' tab under the Aviva Term Insurance plan.
- Click on the 'Get quotes' tab at the bottom of the page.
- Fill in the required details and click on the 'Buy' button.
How to File an Aviva Life Term Insurance Plan Claim
Filing a claim for an Aviva Term Plan is a simple and hassle-free task. You can easily file and submit claims online or offline. To file a claim for an Aviva Life Term Plan, follow these steps:
Online Process
- Claim Reporting: Inform the company about the incident via email at [email protected], by calling the toll-free number 1800-103-7766, by filling out the online claim form on its website, or by visiting the nearest branch.
- Claim Review: Aviva's customer support staff will review your claim form and assist you. They will then evaluate your claim and notify you if any documents are pending.
- Claim Approval and Settlement: After receiving all documents and claim forms, the company will verify the details as per their norms. Upon successful completion, the claim will be settled, and the amount will be transferred to the nominee's bank account. This will be communicated via call or email.
Offline Process
Aviva Term Plan claims can also be reported by visiting a local Aviva Branch Office. You can find details of Aviva Life Insurance branches on their website. Essential documents must be submitted at the branch for claim processing.
How to Port Your Policy
- Fill out the form at the top of this page with the necessary details.
- Select your income and city, then click 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click 'Buy this plan'.
- Select the policy term, premium period, and riders (if required), then proceed to pay.
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