AvivaIndia.com – The Aviva Life’s i- Life Term Insurance Plan offers good benefits with low premium. If you are searching for the best i-life term plan means, this will be the best choice for you. The premium rates of the plan is reduced or increased is completely based on health status and profile of the insurer.
Aviva I-Life Term Insurance Plan [REVIEW] – Avivaindia.com
Normally, the Aviva Life’s i- Life Term Plan can bear the medical examination cost during policy purchasing. However, the medical examination cost can bear by customer during revival of the lapsed policy.
In the Aviva Life’s i- Life Term Plan, the user gets the accidental death advantages with the maximum amount assured cover. The maximum amount will be available for the settlement ratio. Check below features, benefits and eligibility condition of Aviva Life’s i- Life Term Plan is given below.
Eligibility Criteria To Buy Aviva Life’s I- Life Term Plan:
The eligibility conditions to apply for the Aviva Life’s i- Life Term Plan includes
- Sum Assured: The minimum amount assured for the policy holder is RS. 25, 00,000 and there is no limit is available for the maximum.
- Entry Age Of The Policyholder: the policy holder minimum has the age of 18 years
- Maximum Age Limit At Maturity: the maximum age limit is 55 years.
- Policy Terms: The minimum policy term is the 10 years and the maximum years are 35 years.
- Payment Mode: There are two types of payment mode yearly and half- yearly payment mode.
- Policy Requirements: While applying the policy the policy holder has the certificates of identity proof, income proof, pan card, driving license and other required documents given in the site.
Benefits Of Aviva I-Life Term Insurance Plan:
- Death Benefit: If the policy holder dead at accidents, the maximum amount assured for the policy holder will be provided to the policy holder family.
- Maturity Benefit: No maturity benefit due to it is fully for the protection plan.
- Tax Benefit: the policy holder can get tax benefits based on section 80C.
- Rebate: the additional rebate is 5% for the female lives for tabular high rates for the male lives.
Excellent Features Of Aviva I-Life Term Insurance Plan:
Here, some of the important features of the Aviva i-Life Term Insurance Plan are clearly explained below.
- The Aviva i-Life Term Insurance Plan offers the maximum benefits to the policy holder.
- This will provides the cover protection for the physical disability, terminal illness and accidental death.
- The hassle free process helps to buy the policy within few minutes
- Offer the cheap premium benefits for the women insurer and the non-tobacco users.
- You can pay policy amount for the yearly wise and half yearly wise.
- The Aviva i-Life Term Insurance Plan provides the tax benefits and some of the other kinds of the benefits.
- The Aviva i-Life Term Insurance Plan offer full protection for the policy holder family.
- The low premium is completely based on the profile and the medical status of the policy holder.
Aviva i-Life Term Insurance Plan Claim Settlement Ratio
As per the latest data of IRDA suggests that Death Claim Settlement Ratio of Aviva i Life Term Insurance Plan is 83.07%. And Benefit amount got in claim settlement ratio is 72%. We advise you to look for other Best Term Plans which have good claim settlement ratio.
For more information on Aviva i-Life Term Insurance Plan, do read the official brochure here.