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Aviva i-Life Term Plan

Eligibility  
Entry Age (years)  
Minimum 18
Maximum 55
Maximum Maturity Age (years) 70
Policy Term (years)  
Minimum 10
Maximum 35
Sum Assured (Rs)  
Minimum 2500000
Maximum No limit
Minimum Premium (Rs)  
Yearly 2000
Single 10000
Premium Payment Frequency Yearly and Half-yearly
Premium Payment Term Single or equal to policy tenure
Premium Factor (multiply with annual premium) Half Yearly: 0.5108 times annual premium
Policy Cover Cover remains fixed for the tenure of the policy
Other Features  
Free Look Cancellation In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace Period You are allowed to pay premiums within 30 days from the due date. If a due premium is not received within the grace period of 30 days, your policy will lapse and the life insurance cover will be terminated.
Lapsed Policy Reinstatement You can reinstate your lapsed policy any time (within 2 years from the due date of the first unpaid premium) by paying all the due premiums and undergoing underwriting requirements, if any. The revival fee is Rs 250.
Tax Benefits Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply.
Exclusions In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable.
Customer Service  
Address Aviva Life Insurance Company India Ltd.
Aviva Tower, Sector Road, Opp Golf Course, DLF Phase V, Sector 43, Gurgaon 122 003, Haryana
Mail To customerservices@avivaindia.com
Call On 1800-180-22-66 between 8 am to 8 pm; Monday to Saturday