An Overview on Aviva LifeShield Advantage

With Aviva Life insurance Lifeshield Advantage you can ensure that the financial needs of your family are met even when you are not around. Additionally, all the money which you pay as premium will be returned to you in case you survive at the end of the policy. As per the plan you can enjoy a rebate on the premium for high levels of the sum assured. Further, additional protection is offered against permanent total disability due to accidents. In event of your death the sum assured will be paid to your family.

Eligibility of Aviva LifeShield 

Let’s take a look at the eligibility conditions for the plan:

Note: You can easily calculate the term plan premium by using the term insurance calculator online tool.

The benefits of Aviva Lifeshield Advantage plan can be summed up as follows:

• At nominal rates high level of insurance cover is offered.
• Additional protection is offered for permanent disability due to accident
• Policyholders can choose between paying single premium or choose to pay multiple payments
• The policy holder receives the maturity benefit or return of all the premiums paid if he survives till the policy matures.
• On high sum assured amounts a discount is offered
• Policy holders qualify for tax benefits not only on the premium which they pay but on the death benefit as well.

Apply for the plan in 5 easy steps

In 5 easy steps you can choose the plan which suits your requirements:

• After evaluating your requirements you need to ascertain the kind of protection which you require. You can choose between life protection or life cum disability protection.
• Once you have ascertained your requirements, select the amount of protection that you need.
• Decide on the period for which you need protection which will help you arrive at the right policy term
• Select the frequency at which you want to pay the premium
• You can get in touch with a financial advisor to calculate the premium which you have to pay.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

View Plan

⁺Standard T&C Applied

Exclusions of the plan

The term insurance cover is null and void if the policy holder commits suicide within a year from the start of the policy. The nominee or the beneficiary will be paid 80% of the premium which excludes payment for taxes and extra premium. Additionally, if the policy holder commits suicide within a year from the date of revival of the policy, the nominee will be entitled to an amount which is higher than 80% of the premium paid or the surrender value. Further, the policy holder will not qualify for Permanent Total Disability Benefit if the disability has been caused by:

• Alcohol or drug abuse
• Failure to seek medical advice from a registered practitioner
• After engaging in athletics or swimming
• Due to war, hostilities, social disorder, civil war or willful participation in violence.
• Contamination which is radioactive in nature in a nuclear plant
• Functional or mental disorder
• Participating in leisure activities which are hazardous such as mountaineering
• Aviation, apart from a passenger travelling in a commercial licensed passenger aircraft.

The free look period

Within 15 days from the date on which you receive the policy document you have the right to review the policy. This time period is known as the free look period. If you cancel the plan within this span of time you will be eligible for refund of the policy premium after deduction of the proportionate risk premium and the medical expenses along with the stamp duty. 

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.