Aviva Signature 3D Term Plan - Platinum

The plan helps safeguard your legacy, manage potential liabilities, and ensure lasting peace of mind for you and your loved ones.

What are the Key Features of Aviva Signature 3D Term Plan- Platinum?

• The plan offers the option to select a cover that fits your needs from 2 plan options:

  • Life Protect

  • Credit Protect

• Purchase the policy under the MWP Act to ensure the benefit amount goes only to your wife and children, protecting it from creditors.

• Enhance the coverage of your Aviva Term Insurance policy with additional riders.

• Flexibility to choose between Flat Sum Assured or Reducing Sum Assured to suit your financial goals.

• Get life cover up to 80 years of age, ensuring continued protection even after retirement.

• The plan comes with special discounted rates for female lives and non-tobacco users

What is the Eligibility Criteria to buy Aviva Sihnature 3D Term Plan- Platinum?

The eligibility criteria for buying the Aviva Signature 3D Term Plan-Platinum is mentioned below:

Plan Options Available Under Aviva Signature 3D Term Plan- Platinum:

1. Life Protect

   • This term plan provides standard life insurance coverage throughout the entire policy term.

   • In case of the death of the Life Insured, the Base Sum Assured is payable, and the policy terminates thereafter.

   • No benefit will be paid if the Life Insured survives until maturity

2. Credit Protect

   • Designed to provide financial support for loan repayment in case of the Insured's death during the policy term.

   • It is a Decreasing Term Assurance option, where the Death Benefit reduces over time.

   • The Base Sum Assured and Policy Term can be selected to match the loan amount and repayment duration.

   • A Sum at Risk Schedule is prepared based on the Base Sum Assured and policy term.

   • The Sum at Risk Schedule shows the death benefit for each policy year, based on equal yearly loan repayments at a fixed interest rate of 11% per year, regardless of your actual loan terms.

   • At inception, the Death Benefit equals the Base Sum Assured, and in each subsequent policy year, it follows the Sum at Risk Schedule provided in the policy document.

   • In case of the Insured's death, the Sum at Risk for that policy year is payable, and the policy terminates.

   • No benefit will be paid if the Life Insured survives until maturity.

What are the Benefits of the Aviva 3D Term Plan-Platinum?

1. Death Benefit

   The plan offers the nominee a lump sum death benefit in case the insured dies during the policy term, provided all premiums are paid up to date.

   • Life Protect Option: Pays the Base Sum Assured.

   • Credit Protect Option: This option pays the Sum at Risk for the policy year of death as per the policy schedule. 

   • The minimum guaranteed death benefit will be at least 105% of the total premiums paid (excluding taxes, if applicable)

   • In both options, no benefit is payable if the insured survives until maturity.

2. Preventive Wellness Package

   Aviva Signature 3D Term Plan offers a Preventive Wellness Package to promote healthier lifestyles and early detection. Available with Critical Illness and Cancer Cardio Riders, the wellness package provides benefits based on your base sum assured:

   Package	Sum Assured Slab	Includes
   Healthy Habits – Silver	₹20 Lacs to < ₹75 Lacs	Smart Watch, AI-powered Nutrition Diet
   Healthy Habits – Gold	₹75 Lacs to < ₹200 Lacs	Smart Watch, AI-powered Nutrition Diet, BP Monitor, Smart Scale
   Healthy Habits – Platinum	≥ ₹200 Lacs	Smart Watch, AI Nutrition (12 consultations), BP Monitor, Smart Scale, Genome Testing

   **To avail this benefit, a rider sum assured of at least 10% of base plan (minimum ₹5 Lacs and maximum ₹50 Lacs per life) is required.

3. Tax Benefits

   You may be eligible for tax benefits under the Income Tax Act, 1961:

   • Premiums paid can be claimed under Section 80C.

   • Payouts received may be exempt under Section 10(10D), subject to prevailing tax laws and policy conditions.

What Riders are Available under Aviva 3D Term Plan-Platinum?

1. Aviva Accidental Casualty Non-Linked Rider

   This rider offers coverage in case of accidental death. This rider is available for the entire policy term of the base plan. The minimum sum assured for this rider is ₹5 lakh, and the maximum can go up to ₹50 lakh per life.

2. Aviva New Critical Illness Non-Linked Rider

   The rider provides a lump sum benefit upon diagnosis of specific critical illnesses. This rider is valid for the first 10 policy years or the premium payment term of the base policy, whichever is lower. The sum assured ranges from a minimum of ₹1 lakh to a maximum of ₹20 lakh per life.

3. Aviva Cancer Cardio Non-Linked Rider

   It offers financial protection against major cancer and cardiac conditions. Like the critical illness rider, it also covers the first 10 years or the premium payment term, whichever is less. The sum assured for this rider also ranges from ₹1 lakh to ₹20 lakh per life, subject to underwriting approval.

   **Riders can be added only with the Life Protect Option under this plan. No riders are available with the Credit Protect Option. Additionally, Aviva New Critical Illness Rider and Aviva Cancer Cardio Rider cannot be opted together.

What Are the Policy Details of Aviva Signature 3D Term Plan – Platinum?

Here are the key policy features and terms of the Aviva Signature 3D Term Plan – Platinum:

• Free Look Period: If you are unsatisfied with the policy's terms and conditions, you can return it within 30 days of receiving the policy document. On cancellation during this period, the premium paid will be refunded after deducting stamp duty and any proportionate risk premium.

• Policy Loan: This policy does not allow loans. As a pure term insurance plan, it does not offer surrender value or a loan facility.

• Grace Period: For yearly, half-yearly, and quarterly payment modes, a grace period of 30 days is provided for payment of overdue premiums. For the monthly premium mode, the grace period is 15 days. If the premium is paid within this period, the policy remains in force with full benefits.

• Revival: If your policy has lapsed or become paid-up due to non-payment of premiums, you can revive it within 5 years from the date of the first unpaid premium. Revival will be subject to underwriting, applicable charges, and terms and conditions prevailing at that time.

What are the Exclusions of the Aviva 3D Term Plan- Platinum?

Suicide Clause: In the unfortunate event that the life insured dies due to suicide within 12 months from the policy commencement or the date of revival, the nominee will receive 80% of the total premiums paid till the date of death or the surrender value, if any, whichever is higher. This clause ensures fairness while preventing misuse.

How to Buy Aviva Signature 3D Term Plan – Platinum from Policybazaar?

You can buy this life insurance policy quickly and easily through Policybazaar. Follow these steps:

Step 1: Visit the Term Insurance Page.

Step 2: Fill in your basic details like name, mobile number, and email ID.

Step 3: Provide information such as smoking status, annual income, occupation, and education level, then click ‘View Plans'.

Step 4: Select Aviva Signature 3D Term Plan – Platinum from the displayed plans list.

Step 5: Enter your full name, email ID, income details, and additional demographic information like city, pincode, and nationality.

Step 6: Choose your preferred plan option, coverage amount, and policy term.

Step 7: Pay through your preferred mode (credit/debit card, UPI, net banking, etc.).

Step 8: Once the premium is paid, your application will be submitted, and the policy issuance process will begin.