Aviva LifeShield Plus plan provides a way for people to give comprehensive protection to their families and loved ones at very nominal costs. With premium rates as low as Rs.2000 a year and no limit on the maximum annual premium, this simple insurance policy is suited for all pockets. With a policy term range of ten to thirty years, policyholders can plan their savings and ultimately provide protection for their loved ones in their absence.
|
Minimum |
Maximum |
|
Entry Age of the Life Assured(Last Birthday) |
18 years |
55 years |
|
Maturity Age (Last Birthday) of the Life Assured |
28 years |
65 years |
|
Policy Term (PT) in years |
10 years |
30 years |
|
Premium Paying Term (PPT) in years |
Single Premium |
Regular |
|
Premium Paying Frequency |
Single Premium, Yearly, Half-yearly, Quarterly, Monthly |
||
Annual Premium |
Rs. 10000 for Single Premium Rs. 2000 for Regular |
No limit |
|
Sum Assured |
Rs. 10 lakhs |
No limit |
Age |
Policy Term |
Premium Payment Term |
Annual Premium |
Sum Assured |
20 years |
10 years |
10 years |
Rs. 10900 |
Rs. 1000000 |
30 years |
25 years |
25 years |
Rs. 221100 |
Rs.1,10,00,000 |
50 years |
15 years |
15 years |
Rs.26465000 |
Rs. 350000000 |
55 years |
10 years |
Single Premium Payment |
Rs. 1285438500 |
Rs. 16550000000 |
40 years |
25 years |
Single Premium Payment |
Rs. 518760500 |
Rs. 7550000000 |
The policyholder has to fill up an ‘Application form’ with identity proof (Aadhaar Card, Passport, PAN Card or Driving license), bank account proof, address proof and a recent photograph. Select cases may require income proof and a medical examination.