AVIVA Life Insurance Term Plan Calculator

AVIVA Life Insurance Company is business collaboration between AVIVA Group and the Indian Dabur Invest Corp. With a strong sales force, the venture together is a key player in the insurance sector. The company has been committed to its customers and caters to their individual needs; the company also offers various comprehensive term plans.

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The company helps individuals achieve their financial goals and also offers them several protection plans. AVIVA Life Insurance Term Plan Calculator is an online tool that will help the probable buyer calculate premium rates and returns of various plans in a comparative structure and plan their purchase.

Why should you use Term Insurance Premium Calculator?

The AVIVA Life Insurance Term Calculator is a free online tool that will help the customer calculate and determine his premium for an insurance policy on a real-time basis and compare and analyse the side of the different schemes by the side. This comparative analysis is constructive for the customer in selecting the right plan according to their budget and needs. With AVIVA Life Insurance Term Calculator, one can easily calculate premium values for various term plans. 

Reasons to use AVIVA Life Insurance Term Plan Calculator

There are numerous reasons why the customer should prefer using this online tool. Take a look at a few mentioned below.

  • One of the main features of this tool is its easy availability and accessibility. It can be used on multiple platforms to calculate premium amounts for multiple plans simultaneously.
  • It facilitates a better understanding of the policy by the customer. The tool can easily compute the maturity corpus and premium amounts that are required to be paid for a particular scheme.
  • The comparative analysis helps the customer to compare and contrast the features and benefits offered by two or more plans simultaneously.
  • AVIVA Life Insurance Term Plan Calculator helps one to analyse whether their chosen policy within their budget and whether the life coverage that they selected is right for them or not.

The Process to use AVIVA Life Insurance Term Plan Calculator

Using AVIVA Life Insurance Term Plan Calculator requires no ninja technique. It's very simple and easy to use the tool. The customer is required to follow a few simple steps to determine their maturity corpus and premium amount. Knowing these two pieces of information will help the probable buyer in finalizing the purchase.

Suppose the customer is interested in using this tool. In that case, they must visit the official online portal of the insurer and find the Life insurance Term Plan Calculator, or they can follow the below-mentioned steps:

  1. Fill in the Required Information

    Using AVIVA Life Insurance Term Plan Calculator is quite easy. All the customer is required to do is fill in some basic information like the DOB, marital status, gender, annual income, policy tenure, etc. the calculator would also require some information related to your health conditions, smoking and drinking habits, etc. the customer is required to be honest in filling up all these information.

  2. Enter the Sum Assured

    The sum assured is the coverage amount at which you are purchasing the policy. This amount is to be decided upon by the probable buyer after careful assessment of his needs and requirements. After carefully entering the sum assured amount, the customer can proceed with the calculations. The customer also gets to decide the mode of payment of his premium amount, whether as a lump sum or monthly, or yearly.

  3. Finalizing the Policy Purchase

    The estimated premium amount will be displayed once the customer clicks on the calculate tab after filling in all their details. If the said premium amount is within their budget, the customer can buy the term policy and ensure the safety of their future and their loved ones. And if the customer is not satisfied with the estimated premium amount and needs a change in it, they can simply make changes in the premium rates to suit their budget.

Advantages of AVIVA Life Insurance Term Plan Calculator

The AVIVA Life Insurance Term Plan Calculator is a user-friendly tool to determine the premium amount and select the right amount of insurance coverage as per their needs and requirements and the availability of their funds. Using this tool offers several benefits. Some of them are as follows:

  1. Gives an Estimated Premium Amount

    The estimated premium amount gives a clear picture to the customer about the benefits of the plan. This information must not be available to the customer before using the term plan calculator, but once they enter the relevant details, the calculator will automatically estimate the premium amount for a particular policy.

  2. Time-Efficient Process

    The manual calculation for a particular policy is a very cumbersome process. It can lead to numerous calculation errors if you calculate the premium amount for various schemes with different amounts of sum assured. The calculator does such big calculations within minutes. All the customer is required to do is to fill only correct and authentic information into the calculator.

  3. Cost-effective

    AVIVA Life Insurance Term Plan Calculator is a tool that's easily available online for free. It provides the required information to the customer about the estimated premium amount and maturity corpus by eliminating all the chances of manual error. It follows a hassle-free process and is very easy to use. One doesn't need to go to the bank and spend hours doing all these calculations. The estimated premium amount is just a click away from them. The customer can get access to the calculator at multiple websites simultaneously.

Information required while using AVIVA Life Insurance Term Plan Calculator

Before the customer sits to use the calculator, he needs to keep his documents handy. They would require the following information in order to estimate their premium accurately.

  1. Personal Information

    The calculator asks for a few basic information from the probable buyer, such as his DOB, gender, financial condition, income details, etc. he must also facilitate the calculator with all other information that it asks for.

  2. Health Information

    Apart from the basic personal information, the calculator also demands to know the customer's health conditions. Information regarding medical history, current medical condition, severe long-term illness or smoking habits, etc., is needed.

  3. Sum Assured

    Next in line is the information regarding the amount of sum that is to be assured at the inception of the policy.

  4. Goals and Aspirations

    Along with all the above-mentioned information, the customer is also asked to feed the calculator with his/her financial goals and budget condition so that it can suggest a term plan that fits exactly their profile.

Benefits of buying AVIVA Life Insurance Term Plan Calculator

Term insurance plans are not only affordable but also offer protection and financial assistance to the family members in the absence of the insured. Even after the insurer, the family's future will be covered by the assured amount, and the family can keep up with their dreams and goals. A few benefits of AVIVA term insurance plans are:

  1. Meeting Life Goals

    Term plans cover not only the life insured but also his family in the form of death benefits received by the nominee. The family will receive the maturity corpus only in the event of the death of the life insured. Some plans also offer survival benefits to the customer, in case the life insured survives the entire duration of his policy tenure. This maturity corpus can be used by the customer in meeting his life’s big or small goals like the wedding of his children or buying a car.

  2. Wealth Generation

    The term insurance plans provide dual benefits of investment and life coverage. ULIPs, children's plans, endowment plans, etc., are good examples of dual benefit plans. The customer is allowed to select any plan as per their goals and budget and the amount of risk they can allow.

  3. Risk Mitigation

    A term insurance plan is a good investment option as it covers the insurer's life while he is alive, and in case of his death, the same amount will be given to the nominee and hence will continue to help the family in maintaining their lifestyle. With all the risks involved in a person's life, like death or disability that can challenge the financial stability of the person, a term insurance plan covers everything depending on the type of scheme selected.

  4. Flexible-Premium Payment and Policy Term

    AVIVA Life Insurance Plan offers a range of products to the customers to choose from. According to their need, the customer can pick any plan for a particular time period or life. Along with the flexibility in the policy tenure, the customer is also offered flexibility in premium payment options. The frequency can be paid on a yearly, half-yearly, quarterly, or monthly basis as per the product's terms and conditions.

  5. Tax Benefits

    Various term and life insurance plans are good tax-saving instruments. As per the terms and conditions of the policy, it can allow tax benefits under section 80C of the Income Tax Act 1961.

    *Tax benefits are subject to change according to the tax laws.T&C apply

AVIVA Life Insurance Premium Rates

One of the most significant factors that affect the policy purchase is the premium rates. The customer wants to secure his/her future but not at the cost of his present. AVIVA group offers plans that fit every budget. The rates can vary as per the policy and also on the profile of the customer. Some of the factors that affect the premium rates are:

  • Age of the applicant – the sooner you invest, the lower your premium will be. This is based mainly on your life expectancy.
  • Gender – Women are usually allowed better premium rates than men
  • Sum assured – the more will be your sum assured, the more would be your rate of interest
  • Policy tenure – the premium amount is low for an investment made for a longer duration of time
  • Occupation – the applicant's occupation is a great factor in determining the rate of interest earned by his policy purchase. The high-risk jobs attract high premium rates
  • Premium payment term – the frequency of your premium payment or the mode of payment of premium also affects the rate of interest. The lump-sum amount attracts higher interest.

The customers can use the AVIVA Life Insurance Term plan Calculator to effectively and accurately estimate the premium amount. Its comparative analysis can help the customer make a judicious decision.

FAQ's

  • Q1. Why do you need a term insurance policy?

    A1. The most important feature of term insurance is that it offers dual benefits of investment and insurance to the customer. It covers the life insured while he's alive, and in case of his death, it will also take care of the financial needs of the insurer's family.
  • Q2. What are the documents required to buy term insurance?

    A2. The policy can be bought online as well as offline through an agent. Buying the term insurance plan online is really simple. The customer just needs to provide age proof, ID proof, and income proof as to the necessary documents.
  • Q3. How to choose the best term insurance plan?

    A3. Before finalizing the purchase of a policy, the customer is required to do his research well. He is required to look into his needs, claim settlement ratio of the company, sum assured, flexible payout and tax benefits, etc.
  • Q4. Does term insurance come under 80c?

    A4. Term insurance offers tax benefits under section 80 c of ITA 1961. The customer can get tax rebates for the premiums paid under his policy. Premiums offer tax benefits under 80c, and any payouts made to the beneficiary is also tax-free.
  • Q5. How to pay the premium? What are the modes of payment available?

    A5. The premium can be paid online as well in offline mode. The customer can use a credit card, debit card, cheque, or cash, whichever he is comfortable with.
  • Q6. How to check my policy status?

    A6. The customer can log into their account on the e- portal with the help of their log-in credentials and check their policy status.
  • Q7. What is the process for policy renewal?

    A7. The policy can be renewed if it has lapsed due to an unpaid premium with some penalty. This can be done online as well as offline.
  • Q8. What are the exclusions while buying term insurance?

    A8. Death cover under all circumstances except the following:

    • Death due to any pre-existing medicalcondition not mentioned in the policy term
    • Death due to any illegal activity
    • Suicide within the first year of the policy tenure
  • Q9. What is a term insurance raider?

    A9. The raiders are add-ons to the benefits offered under a policy. The customer is required to pay an additional amount for applying the raiders on his policy purchase and enhance his policy benefits.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 29 Reviews)
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AVIVA Life Insurance Term Plan Calculator Reviews & Ratings

4.1 / 5 (Based on 29 Reviews)
(Showing Newest 25 reviews)
Raju
Mahabubnagar, March 31, 2021
Low premium at my budget
I found my type of term insurance plan from the website of the policybazaar. The term plan is of aviva life insurance company and have been availed with various benefits under the same. One of the best thing is that I can pay the premium amount as per my convenience and it is quite less. Great work team.
Gagan
Tangi, March 30, 2021
Choosing the right sum assured
I have taken the term insurance plan from aviva life term insurance and it was done from the website of the policybazaar. I choose the right type of sum assured amount so that it can be easy for my family to survive and achieve their goals in future. That’s an appropriate plan for me and my family. Thanks team.
Samar
Pilibhit, March 30, 2021
Low premium at my budget
I found my type of term insurance plan from the website of the policybazaar. The term plan is of aviva life insurance company and have been availed with various benefits under the same. One of the best thing is that I can pay the premium amount as per my convenience and it is quite less. Great work team.
Alok
G.k. Bhatar, February 16, 2021
Claim settlement ratio:
The claim settlement ratio of policybazaar and Aviva life term insurance is best. I took the plan last year and checked all the things clearly about claim, features and benefits. Great work team.
Nupur
Ahmednagar, February 16, 2021
Great plans
I have recently bought a term insurance plan from the policybazaar. I got the plan of aviva life term insurance. It is really great plan and I found various benefits under the same. Kudos to team policybazaar.
Kapil
Raigarh, August 04, 2016
Best Insurance
Best term insurance plan in very low investment. The policy coverage is high ~90% and claims are even higher. Service is superb and fast given by the company team and members. Updates of the policy is also send time to time to the email address.
Poonam
Meerut, July 15, 2016
Coverage Is Good
The term insurance plan which i purchase from aviva life insurance is fantastic. Policy coverage is maximum and claims are easy to get because of quick service provided by team members of the company. Premium is low, hassle free documentation because of online portal service.
Nirbhaye
Nagpur, July 04, 2016
Term Insurance Plan
My term insurance plan is fantastic with good returns. Premium is low and paybacks are high. Policy coverage is 87% and claims are easily cleared by the service given by staff members. Updates are mailed on my email address and web service service is simple to access.
Tarun
Panipat, June 27, 2016
Good
I have term insurance plan which is very good. The premium is low and claims are high. Policy coverage is high and claiming part is easy due to fast service facilitate by the members of the company. Internet service is good and policy can be renewed on it. Updates are mailed to me regularly.
Nirmal
Ghaziabad, March 17, 2016
Great Policy
Aviva life insurance term policy plan i buy in low premiums and the policy coverage is 95% with good claims. The service is great provided by the executives and the 5% less on premiums for women. I like the policy plan. Behaviour also really nice from the staff members.
Navgeet
Faridabad, March 17, 2016
Less Claims
My term policy plan is good but the claims are very less. The premiums is ~9.2 K twice per year. And returns are around Rs. 21 L. Aviva life insurance is basically good policy company like they give 5% extra less for women on premiums.
Gaurav
Lucknow, March 17, 2016
Fair Term Plan
The policy provide benefits according to premiums, so th term policy plan which i buy from aviva life insurance is fair deal. Policy coverage is 70% and the claims are little bit low as the premiums are low. Around 23 L is the returns and the online portal is good and respond well.
Nakul
Jalpaiguri, March 17, 2016
Nice term plan
I buy term insurance policy plan which i took from aviva life insurance. The policy plan is good and the services you provide is the best as comparing to others. The premiums are low approx. 25 K per year and for women 5% extra less on premiums. The payback returns is ~30 L. The policy age is minimum 15 years and maximum is 65 yrs.
Karan
Ambala, March 17, 2016
High Returns In Low Premium
My term policy plan is with aviva life insurance. It has low premiums and the returns are high. Policy coverage is 90% and the claims are sanctioned easily form the insurance department. The taxes are not for premiums and claims. Even the 5% extra benefits for women on premiums.
Prashant
Amritsar, March 17, 2016
Fine
Aviva life insurance is equally good as other insurers for term insurance policy plan. The policy has low premiums and 5% extra less for women. The policy coverage is high with high claims and the claiming part is easy and no paper work so no waiting. Nice job guys.
Ishwar
Gautam_buddha_nagar, March 17, 2016
Wonderful
Policy plan is wonderful with huge benefits like low premiums and the policy coverage is high 90%. Claims are are good and the payback amount is around Rs.23 L after the policy get mature. Internet services are great with easy interface and vast variety of policies are there with full descriptions.
Kishore
Bilaspur, March 17, 2016
superb plan
Aviva life insurance is one of the best insurer for term insurance policy plan. The policy coverage is 90% and the claims are good even the the claiming procedure is easy because the service provided by the company members are good and even the web services are even better. The premiums are low and for women 5% less extra benefits.
Lalit
Tirupur, March 17, 2016
Low policy coverage
Policy coverage is less around 50% and the premiums are low around 12 K twice a year. Service are good and always on time till now, rest see in future. The claims are cleared easily due to quick response from the executives and staff members. Please improve your coverage.
Harish
Godavari, March 17, 2016
slow service issue
The term plan policy which i bought from aviva life insurance has slow service issue. Policy coverage and claims are high with low investments. The executives and staff members are behave good with the customers and providing nice outputs. The daily updates are mailed and texted to me. Good policy plan.
Jiten
Raipur, March 17, 2016
Satisfactory
I buy term insurance policy plan from aviva life insurance. The policy coverage is 80% and the premiums are low ~25 K per year. The claims are easily sanctioned because the services are fast from the executives side and from online web page also. The policy premiums are 5% less for women.
Lokesh
Kurukshetra, March 17, 2016
Not That Good
The term policy plan i have is not as i expected. The policy coverage is 60% and the claims are less. THe premiums are 9 K twice a year. Services are fast and the behaviour of the executives and staff members are good. Some improvement needed in the web site.
Omesh
Bikaner, March 17, 2016
Good Service
The term policy plan i have from aviva life insurance. The service is fast and on time provided by the executives and the staff members when ever needed. Policy coverage is 80% and the claims are good. Premiums are low and payed twice in a year. The policy is for 15 years.
Yajan
Bareilly, March 17, 2016
Perfect Policy Plan
Aviva life insurance is one of the perfect insurance providers, i took term insurance policy plan. The policy is good in service and it can be buy online. The web service is awesome and 5% less premiums are there for women. Policy coverage and the claims are high. Due to online facility, it reduces the paper work and the waiting part is erased.
Ishant
Delhi, March 17, 2016
Fantastic plan
My term insurance policy plan is with aviva life insurance. The policy coverage is high and the claims are approx. 21 L. Claims are easily sanctioned because of fast services provided by the executives. Fantastic policy plan which provides good terms and conditions.
Kamal
Mumbai, March 17, 2016
Average Policy
I purchase aviva term life insurance policy plan. The policy plan is an average one but the premiums are low with good policy coverage. This is an online policy plan, easy to buy. The plan has 5% less for women. Premiums and claims are free from taxes.
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