When it comes to securing the financial future of your loved ones, term insurance is one of the most reliable and affordable options available. Among the various choices in the market, Aviva Life's 50 Lakh Term Insurance Plan stands out as a popular choice for individuals looking to provide significant financial protection at a reasonable cost.
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Aviva Life’s 50 Lakh Term Insurance Plan is designed to offer a sum assured of ₹50 lakhs to the nominee in the unfortunate event of the policyholder's death during the policy term. This amount can be crucial in helping the family manage financial responsibilities such as outstanding loans, daily expenses, and future financial goals.
Term Plans
Aviva Life's 50 Lakh Term Insurance offers substantial coverage at a relatively low premium, making it accessible for a wide range of individuals.
The premium amount varies based on the policyholder's age, health, lifestyle, and the term chosen.
The policyholder can choose from various term options, typically ranging from 10 to 40 years, depending on their financial goals and life stage.
Premiums paid towards the policy are eligible for tax deductions under Section 80C of the Income Tax Act.
The death benefit received by the beneficiaries is also tax-free under Section 10(10D).
Aviva offers additional riders, such as Accidental Death Benefit, Critical Illness Cover, and Waiver of Premium, which can be added to the base plan for extra protection.
The policy can be purchased online, making the process quick, convenient, and paperless.
The company also offers customer support to assist with any queries during the purchasing process.
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The primary benefit of this term insurance plan is the financial protection it provides to your family in case of your untimely demise. The lump sum amount can help them maintain their lifestyle and meet financial obligations.
Term insurance is one of the most cost-effective ways to secure a large sum assured, and Aviva Life’s 50 Lakh Term Insurance is no exception. It offers high coverage at a fraction of the cost of other life insurance products.
Knowing that your family will be financially secure in your absence brings peace of mind, allowing you to focus on other aspects of life.
With the option to add riders, you can tailor the policy to suit your specific needs and ensure comprehensive coverage.
Aviva Life’s 50 Lakh Term Insurance Plan is good for individuals seeking to provide their families with a financial safety net in their absence. With its affordable premiums, flexible policy terms, and additional rider options, it offers a comprehensive solution for long-term financial security.
Before purchasing any insurance policy, it’s important to assess your financial needs, understand the policy details thoroughly, and compare it with other available options. Consulting with a financial advisor can also help you make an informed decision tailored to your unique situation.
Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/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 38 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
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+Rs. 820/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 38 years of age.
+Rs. 1,443/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 38 years of age.