An Overview on Aviva LifeShield Advantage

Aviva Lifeshield Advantage is a non-participating, non-linked protection plan where the premiums are returned on maturity. By opting for this plan you can protect your family at a nominal cost and ensure their well-being in your absence.

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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.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Eligibility of Aviva LifeShield

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

Entry Age	18 to 55 years
Maturity Age	28 to 65 years
Policy Term	10 to 30 years
Premium Paying Term	Option A- Single or Regular Premium which is equal to the policy term Option B- Regular premium which is equal to the policy term
Sum Assured	Minimum: Rs. 2,00,000 Maximum: Option A has no limit For option B it is 50 lakhs
Premium frequency	Single premium which is available only in Option A Regular premium can be paid in the frequency of Yearly, half-yearly, quarterly and monthly
Minimum Premium (Depends on the frequency in which the premium is paid)	Single:Rs.12,000 Yearly: Rs.2,400 Half-yearly: Rs.1250 Quarterly: Rs.650 Monthly: Rs. 250
Maximum premium	Depends on the sum assured and there is no maximum limit

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.

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⁺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.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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