Aviva Life Insurance has launched Aviva i-Shield, an online term plan. The policy provides life cover with a provision of return of 110% of paid premium in case the insured survives the policy period.
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The company currently offers a term plan — Aviva i-Life — and a health plan — Aviva Health Plus — as part of its online portfolio. One can opt for the policy beginning from 18 to 55 years. The policy term is for 10 to 25 years and the premium payment term is equal to the policy term. One can opt for yearly, half yearly and monthly premium payment schedule.
The sum assured is between R15 lakh to R5 crore. The premiums paid would be eligible for tax benefits as per the prevailing tax laws.
