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Aviva LifeShield Platinum- Loan Protection

Eligibility  
Entry Age (years)  
Minimum 18
Maximum 60
Maximum Maturity Age (years) 70
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 Limited (2/3rd of the 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 decreases over the time period
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 Surrender is allowed 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 [email protected]
Call On 1800-180-22-66 between 8 am to 8 pm; Monday to Saturday