Aviva Protection Plus Plan
- 2 Plan option
- High sum assured rebate
- Return of Premium
Aviva Protection Plus is a non-linked non-participating individual life insurance savings plan by Aviva Life Insurance India. The plan comes with two plan options such as Enriched Protection Option and the Savings Booster Option.
With a minimum entry age of 20 years, this plan can be purchased for a maximum of 65 years of age. Aviva Protection Plus plan offers whole-life coverage at affordable premiums.
Here are some key features of this plan:
Minimum age- 20 years Maximum age-65 years
Maximum maturity age- 80 years
Minimum term-15 Maximum term-50
Base sum assured: 20 Lac to no limit
The Policy Loan is not available under Aviva Protection Plus Plan
Annual, half yearly, quaterly, monthly
Let's understand how the Aviva Protection Plan work with a simple premium illustration.
Mr. Prabhu Dev is a 40-year-old Pune based Automobile engineer. He is looking for a term insurance plan that offer dual benefit of saving and insurance in same.
He visited Policyx.com to know more about term plans with these Plans. PolicyX.com advisors carefully analysed his query and guide him to purchase Aviva protection plus.
Let us see a brief illustration of Mr.Prabhu dev Aviva protection plus plan.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured | Maturity benefit |
| 40 years | Rs 45,987 | 20 years | 20 years | Rs 919740 | Rs 50 Lakh | Rs 115640 |
Key Takeaways: Mr.Prabhu dev will covered upto the age of 60 years. In case of any unfortunare event his nominee will going receive sum assured to Rs. 50 Lakh, otherwise at maturity he will going to receive lumpsum equal to Rs.115640.
Here are the benefits associated with the Aviva Protection Plus Plan
You can add the following riders to your Aviva Protection Plus Plan:
Accidental Death Benefits Rider, offers extra sum assured to the nominee of the policyholder, in case of the death caused by any accident during the rider term. The extra sum assured will be calculated on the original sum assured of the plan.
In Critical illness rider, sum assured will be given to policy holder in advance.if he/she diagnosed with any of the listed critical illnesses such as cancer, kidney failure, heart disease etc. So the policyholder focuses on treatment of disease without worrying about the financial burdens.
In waiver of premium rider, the policyholder future premiums will be waived off in case of permanent disability of body caused by any reason. In waiver of premium rider the insurance companies will wait for 6 months to finalize the premium waiver. If the customer is still not able to work , the rider will be triggered.
Here is the list of exclusions associated with the plan:
Aviva Protection Plus is a Comprehensive term insurance plan with 2 plan options, it offers insurance benefit along with savings. With a min entry age of 20 years this plan can be bought for maximum upto the age pf 60 years. In case you want to know more about this plan, you can contact PolicyX.com. Our certified insurance advisors works 24/7 to solve every possible claim of yours ar zeroc cost.
Aviva Protection Plus is a non-linked non-participating individual life insurance savings plan by Aviva Life Insurance India. The plan comes with two ...
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Daina is a content writer with a profound grasp of Insurance, Stocks, and Business domains. Her extensive 3-year experience in the insurance industry equips her with a nuanced understanding of its intricacies. Her skills extend to crafting blogs, articles, social media copies, video scripts, and website content. Her ability to simplify complex insurance concepts into reader-friendly content makes her an expert in the domain.
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