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Aviva LifeShield Plus

Entry Age (years)  
Minimum 18
Maximum 55
Maximum Maturity Age (years) 65
Policy Term (years)  
Minimum 10
Maximum 30
Sum Assured (Rs)  
Minimum 1000000
Maximum No limit
Minimum Premium (Rs)  
Yearly 2000
Single 10000
Premium Payment Frequency Single, Yearly and Half-yearly. Quarterly and Monthly via ECS only
Premium Payment Term Single or equal to policy tenure
Premium Factor (multiply with annual premium) Half Yearly: 0.5108 times annual premium; Quarterly: 0.259 time annual premium; Monthly (through ECS only): 0.087 time 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, including the rider cover, if any, 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.
Tax Benefits Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply. Premiums paid for Dread Disease Rider may qualify for deduction under Section 80D of the Income Tax Act, 1961.
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. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit
Surrender Value 75% X (Outstanding Policy Term in Years / original policy term in years) X Single Premium (excluding taxes and extra premium, if any)
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 [email protected]
Call On 1800-180-22-66 between 8 am to 8 pm; Monday to Saturday
Additions to the Plan  
Available Rider(s) Accidental Death Benefit (ADB): Death due to an accident.
Aviva Dread Disease (DD): The diseases covered are Heart Attack, Stroke, Cancer, End stage Kidney failure, Major Organ Transplant, Coronary Artery Bypass Surgery, Benign Brain Tumor, Deafness, Blindness, Aorta Graft Surgery, Heart Valve Surgery, Paraplegia, Motor Neurone Disease, Multiple Sclerosis, Coma, End stage Liver Disease, End Stage Lung Disease, Aplastic Anaemia, and Permanent Total Disability. There is a waiting period of 180 days for any claim admission under this rider.
Rider Conditions  
Entry Age (years)  
Minimum 18
Maximum 55
Maximum Maturity Age (years) 60 in case of ADB Rider and 65 in case of DD Rider
Rider Term (years)  
Minimum 10
Maximum 30
Sum Assured (Rs)  
Minimum <=30% of base plan premium in case of ADB Rider; 200000 in case of DD Rider
Maximum 5000000
Rider Premium (Rs) Rider premiums vary for each policyholder. For instance, if a 30-year old opts for the ADB rider for Rs 20 lakh, the annual premium works to Rs 1,200 and for DD rider for Rs 5 lakh the premium works to Rs 1,390.