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Aviva LifeShield Platinum- Protection

Eligibility  
Entry Age (years)  
Minimum 18
Maximum 60 in case of Cover without rider; 55 in case of Cover with Aviva Dreaded Disease (DD) rider; 50 in case of Accidental Death Benefit (ADB) or both ADB and DD riders
Maximum Maturity Age (years) 70 in case of Cover without riders; 65 in case of Cover with Aviva DD rider; 60 in case of ADB or both ADB and DD riders
Policy Variants Option A: Protection
Policy Term (years)  
Minimum 10
Maximum 52
Sum Assured (Rs)  
Minimum 5000000
Maximum No Limit
Minimum Premium (Rs)  
Yearly 3200
Half-Yearly 1634
Quarterly 828
Monthly 278
Premium Payment Frequency Yearly and Half-yearly; through ECS for Quarterly and Monthly
Premium Payment Term Regular or equal to policy term
Premium Payment Term Regular or equal to policy term
Premium Factor (multiply with annual premium) Half Yearly: 0.5108 times annual premium; Quarterly: 0.2591 time annual premium; Monthly: 0.0871 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 (15 days for quarterly and monthly). If a due premium is not received within the grace period, 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 Allowed under Options B and C provided all due premiums have been paid fully. Surrender value will be decided from time to time by the company.
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
Additions to the Plan  
Available Rider(s) Accidental Death Benefit (ADB): Death due to an accident.
Aviva Dread Disease (DD) offered to non-smokers only: 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
Rider Term (years)  
Minimum 10
Maximum 30
Sum Assured (Rs)  
Minimum 1000000 for ADB Rider and 200000 for DD Rider
Maximum 5000000 for both riders
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.