Aviva i-Life Plan

What is the Plan all About?

In today’s life of hustle and bustle, nothing is certain and thus, it is quite important to ensure that your family is financially secure to lead a comfortable life in the event of any mishap. Aviva i-Life - a pure term insurance cover ensures to provide protection for your family at a nominal cost. Buy this plan at the click of your mouse. This plan is really affordable to get the family protection cover. You can buy it online.

What are the Key Features?

Life cover at a nominal cost

Covers death by any reason

Rebate on large sum assured

Rebate on female lives

Premium payment frequency available: Half yearly and yearly

Dedicated claims assistance

What are the Plan benefits?

Death Benefit

In the event of an unfortunate demise of the life assured under the plan, the Sum Assured will be paid to the nominee.

Who can Buy the Plan?

Feature	Specification
Age (as on last birthday)	Minimum: 18 Years Maximum:55 Years
Age at Maturity	70 Years
Policy Tenure	Minimum: 10 Years Maximum: 35 Years
Sum Assured	Minimum: 25 Lacs Maximum: No Limit (subject to underwriting)
Premium Paying Term	Same as policy term Years
Premium Paying Mode	Semi Annually & Annually
Maturity Proceeds	Nil
Plan Type	Online
Grace Period	30 days

Is any Rider Available with this Plan?

There are no riders benefits available with this plan.

Premium Illustration

Sample illustration of the Premium Amount for an individual of age 25, 30 and 35 years, opting for a Life Cover of Rs. 50 lacs or Rs. 1 crore as Sum Assured and 25 years as Policy Tenure.

	25 years	30 years	35 years
Sum assured = Rs. 1 crore	Rs. 7,350	Rs. 8,349	Rs. 11,132
Sum assured = Rs. 50 lacs	Rs. 4200	Rs. 4,672	Rs. 6,076

(Note: Premium amount is for a non smoker individual keeping good health conditions at the time of buying this insurance plan)

Is the Plan, eligible for Tax Benefit?

Aviva i-Life is eligible for Tax benefits as stated:

Premiums paid, qualify for tax benefits as per Section 80C of the Income Tax Act.
Death benefit(s) are entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

(Subject to the provision stated therein.)