Aviva Life Insurance Company is a joint venture between Dabur Invest Corp and Aviva Group. Dabur Invest Corp is one of India’s oldest and most respected business houses producing traditional healthcare products since time immemorial. Aviva Group is a UK based insurance group serving 31 million customers across 16 countries. Together Aviva Life Insurance has become a key player in the insurance sector quality products and efficient service.
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
The company boasts of being among the first companies to introduce modern unit-linked and unitized with-profit plans. The company leads the market in protection and child plans with world-class products and a strong sales force.
Traditional plans, also called Conventional Insurance Plans are plans where money is invested as per the guidelines laid down in the Insurance Act. The whereabouts of the invested premium is not known to the policyholder. The policyholder is simply promised certain benefits payable on death, maturity or as money back. Traditional Investment Plans have some of the basic features which are mentioned below:
Aviva Life Insurance Company offers a range of traditional / Investment plans to its customers to meet all their savings and protection related needs. Let us take a look at the different types of traditional / investment plans offered by Aviva Life and the features and benefits of each of them in details.
Eligibility Details
|
Minimum |
Maximum |
Entry Age |
4 years |
50 years |
Maturity Age |
- |
75 years |
Policy Term |
18, 21, 25 and 30 years |
|
Premium amount |
Rs.14, 486 |
Rs.998, 000 |
Sum Assured |
Rs.2 lakhs |
Rs.1 crore |
Premium Payment Term |
14, 15, 16 or 18 years |
|
Premium Paying Frequency |
Yearly, half-yearly, quarterly or monthly |
Eligibility Details
|
Minimum |
Maximum |
Entry Age |
13 years |
55 years |
Maturity Age |
23 years |
70 years |
Policy Term |
10, 15 or 20 years |
|
Premium amount |
Rs.6464 |
Rs.47.53 lakhs |
Sum Assured |
Rs.1 lakh |
Rs.5 crore |
Premium Payment Term |
10 years |
|
Premium Paying Frequency |
Yearly, half-yearly, quarterly or monthly |
Eligibility Details
|
Minimum |
Maximum |
Entry Age |
5 years |
50 years |
Maturity Age |
18, 20 or 22 years |
63, 65 or 67 years |
Policy Term |
13, 15 or 17 years |
|
Premium amount |
Regular Pay – Rs.50, 000 Single Pay – Rs.1.5 lakhs |
Rs.1 crore |
Sum Assured |
Single Pay – Rs.3 lakhs 5 Pay – Rs.5 lakhs 10 Pay – Rs.10 lakhs |
Single Pay – Rs.2 crores 5 Pay – Rs.10 crores 10 Pay – Rs.20 crores |
Premium Payment Term |
Single Pay or 5 or 7 years |
|
Premium Paying Frequency |
Yearly or Single Pay |
Eligibility Details
|
Minimum |
Maximum |
Entry Age |
6 years |
50 years |
Maturity Age |
18 years |
62 years |
Policy Term |
12 years |
|
Premium amount |
Rs.24, 000 |
Rs.1 crore |
Sum Assured |
Rs.9.60 lakhs |
Rs.24 crores |
Premium Payment Term |
12 years |
|
Premium Paying Frequency |
Yearly |
Eligibility Details
|
Minimum |
Maximum |
Entry Age |
18 years |
50 years |
Maturity Age |
- |
70 years |
Policy Term |
20 years |
|
Premium amount |
Rs.21, 258 |
Rs.48, 68, 500 |
Sum Assured |
Rs.3 lakhs |
Rs.5 crores |
Premium Payment Term |
5, 7 or 11 years |
|
Premium Paying Frequency |
Yearly |
Online
The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued
Intermediaries
Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.
Applying For Traditional Insurance through PolicyBazaar
Step 1: Enter your policy details – policy number and policyholders date of birth
Step 2: Select your online bank account or debit/ credit card to make the payment
Step 3: Authenticate and confirm your payment details and receive online confirmation
Step 1: Login into e-portal with your Client ID and password.
Step 2: Select the policy due for renewal payment. Click Pay Renewal Premium Now
Step 3: Choose payment option- NEFT, Credit Card/Debit Card
Step 4: Authenticate and confirm your payment details and print out the payment receipt
Step 1: Complete the claim form
As per your policy T&C and options, you need to duly fill the forms for claims against riders, hospital cash benefit, death benefit, gratuity and group term insurance.
Step 2: Arrange for correct documents
Based on the claims made, you need to attach the correct supporting documents. You can submit the documents in original or photocopies attested by a Gazetted officer or Magistrate.
Step 3: Arrange for medical reports for medical related claims
In case of hospitalization or surgery; produce the relevant medical reports and bills, issued by the attending physician, who is qualified to issue such a report.
Upon completion of the above-stated documentation, submit them to your nearest AVIVA branch office. Alternatively, you can send the documents to us by post:
Our Address:
Claims Department
Aviva Life Insurance Company India Limited
Aviva Towers, Sector 43,
Opposite DLF Golf Course,
Sector 43,
Gurgaon 122003