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Aviva LifeShield Term Plan

Entry Age (years)  
Minimum 18
Maximum 55
Maximum Maturity Age (years) 65
Policy Term (years)  
Minimum 5
Maximum 40
Sum Assured (Rs)  
Minimum 500000
Maximum 5000000
Minimum Premium (Rs)  
Yearly 2000
Premium Payment Frequency Annually, Semi Annually, Quarterly ,Monthly (via ECS only)
Premium Payment Term Regular (equal to policy term)
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 15 days for monthly and within 30 days for other premium modes from the due date. If a due premium is not received within the grace period, 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.
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 [email protected]
Call On 1800-180-22-66 between 8 am to 8 pm; Monday to Saturday