Term Insurance Example
Content
TERM INSURANCE
AVIVA LIFE INSURANCE COMPANY
OVERVIEW
• Aviva Life Shield provides low cost protection to your family through:
• Guaranteed payment of lump sum to the nominee in case of death of the life insured within the policy term. • Preferred rates to the customers opting for higher sum assured and to the Aviva Pension Plus Policyholders • Flexibility of increasing the sum assured on life stage events like marriage and birth.
SPECIFICATIONS
• Entry age: 18-55 years (Maximum age at the expiry of the policy is 65 years) • Policy term: 5 years to 40 years • Minimum Sum Assured: Rs 5 lakh • Minimum Annual Premium: Rs 2000 • Premium Payment Frequency: Yearly, Half Yearly, Quarterly and Monthly
BENEFITS
• Death Benefit Payment of Life Cover (Sum Assured) to the family (nominee) in the event of death of the policyholder, during the policy term. • Tax Benefit Tax benefits under Section 80C of Income Tax Act, 1961. Tax laws are subject to change • Other Benefits Preferred rates of premium for policy holders with life cover of at least Rs 10 lakh and to the Aviva Pension Plus policyholders .
AVIVA LIFE INSURANCE COMPANY
OVERVIEW
• Aviva Life Shield provides low cost protection to your family through:
• Guaranteed payment of lump sum to the nominee in case of death of the life insured within the policy term. • Preferred rates to the customers opting for higher sum assured and to the Aviva Pension Plus Policyholders • Flexibility of increasing the sum assured on life stage events like marriage and birth.
SPECIFICATIONS
• Entry age: 18-55 years (Maximum age at the expiry of the policy is 65 years) • Policy term: 5 years to 40 years • Minimum Sum Assured: Rs 5 lakh • Minimum Annual Premium: Rs 2000 • Premium Payment Frequency: Yearly, Half Yearly, Quarterly and Monthly
BENEFITS
• Death Benefit Payment of Life Cover (Sum Assured) to the family (nominee) in the event of death of the policyholder, during the policy term. • Tax Benefit Tax benefits under Section 80C of Income Tax Act, 1961. Tax laws are subject to change • Other Benefits Preferred rates of premium for policy holders with life cover of at least Rs 10 lakh and to the Aviva Pension Plus policyholders .
