vBulletin stats
  1. Feel free to join, discuss and list your real estate properties. Never put your hard earned money in real estate without discussing the projects. Please don't throw around your website's link.
  2. Get stock markets trading ideas and strategies. Discuss Personal finance and plan your retirement. Join home buying forum to post your investment and trading questions.
  3. Post your rental queries in the city specific forum. If you are looking for a house, provide additional details like budget & specifications like 1BHK, 2BHK etc. If you are posting about your property for rent, provide maximum information like rent, locality, floor etc.

AVIVA i-shield Review And Details

Discussion in 'Life insurance' started by real_buzz, Jan 17, 2013.

  1. real_buzz Moderator

    You work hard to provide the best for your family and want to ensure that their happiness lasts forever. An important next step is to ensure they are protected financially in the future as well. Aviva presents to you our latest online term plan Aviva i-Shield.

    This is a term assurance plan with return of premium that protects your family in case you are not around. Moreover this plan pays back 110% of all the premiums you have paid at maturity if nothing were to happen to you. So, not only does your family get the benefit of life cover in case of your unfortunate death, but you get all premiums that you have paid back if you survive.

    • High protection cover at nominal cost
    • 110% of the premiums paid back as survival benefits, guaranteed
    • Premium rebate on choosing Sum Assured of Rs. 20 Lacs and above.
    • Free Medical examination at inception of the policy
    • Convenience of quick and hassle free buying through internet
    To offer you convenience at your fingertips, you can buy this term plan online to save the time and effort that would have been otherwise required.

    Death Benefit: In an unfortunate event of your death (if you are the Life Insured) within the policy term chosen by you, your nominee will receive an assured amount. The assured amount depends upon the year of death.
    Policy Year When Life Insured Dies -- Assured Death Benefit
    1-10th -- 100 % of sum assured
    11th – 20th -- 110 % of sum assured
    21st – 25th -- 120 % of sum assured

    The policy will terminate after the payment of death benefit.

    Maturity Benefit: If you survive till maturity and pay all due regular premiums, you will receive 110% of all premiums paid, excluding taxes and extra premium, if any.

    Rebate for High Sum Assured: You are eligible for a rebate on your premium if your Sum Assured is Rs 20 Lacs and above as per the table given below:

    Rebate per 1000 Sum Assured (Rs.)

    >=20 lakhs to < 50 lakhs -- 0.65 (10 Year), 0.45 (11-15), 0.30 (16-20), 0.25 (21-25)
    >=50 lakhs – 1.50 (10 Year), 1.20 (11-15), 0.95 (16-20), 0.90 (21-25)

    Tax Benefits
    The premiums you pay will be eligible for Tax Benefits as per prevailing tax laws. Tax laws are subject to change.

    Specifications

    Eligibility

    Entry Age (last birthday) -- 18 years - 55 years

    Maximum Maturity Age (last birthday) -- 65 years

    Policy Terms -- 10 years to 25 years

    Premium Payment Term (PPT) -- Equal to Policy Term

    Allowed Premium Payment Frequencies and Modal Factor -- Yearly:1.0000, Half Yearly: 0.5108, Monthly: 0.0871

    Sum Assured Allowed -- Rs. 15 lakhs to Rs. 5 crores (in multiples of Rs.25000), subject to underwriting

    How To Apply Online for ishield from AVIVA

    You can apply for this product through a hassle free complete online process.

    •Documents required for policy processing include

    •Photo Identity Proof (copy of your PAN Card, Passport or Driving License)

    •Income Proof (copy of last 3 months salary slip, copy of latest ITR or Form 16).

    These document images can be e-mailed or uploaded on our website for faster processing

    Points to remember while applying online:

    •This product is available to Resident Indians only

    •All quotes are in Indian Rupees (INR) and are accepted only in INR

    •Premium rates are subject to increase basis your Profile and health status

    •The payment can be made by the proposer/policyholder only by his/her credit card. The payment by credit card of any third party will result in decline of the proposal/payment.

Share This Page