Aviva Life Shield Platinum comes at a competitive cost with options to choose the protection need ranging from Life Protection, Income replacement or Loan Protection. Aviva Dhan Varsha, traditional investment cum protection plan which gives a guaranteed addition of 6% to 9% of the Life Cover along with life protection and riders to secure one’s future.

 

Aviva Life Shield Platinum:

It comes with 3 unique options with lower cost as compared to other terms plans:

A) Life Protection Option:

It comes with option of with or wihtout riders. This option is suitable for all family needs in case of untimely death. It rewards healthy lifesytle and thus offers special rates for smokers and women. It allows additional payout in case of accidental death.

B) Income Replacement Option:

This option suitable for providing regular monthly income to the famlily incase of untimely death. Income Replacement facility available in case of death. It has limited premium paying term. It is comparatively much cheaper.

C) Loan Protection Option:

This option cover higher financial liabilities and family responsibilities in early years of life. It provides loan protection option incase of death. Reducing life cover in line with reducing liability. It comes with limited premium payment option.

Aviva Dhan Varsha:

1. It offers guaranteed annual additions between 6-9% of the Life Cover till end of premium paying term.
2. It comes with limited premium payment option.
3. Accrued guaranteed additions given at the end of the premium paying term.
4. Guaranteed maturity benefit equal to the sum assured.
5. In case of untimely death the following payments would be made to the nominee.

In India customers comes with varied needs such as savings, returns, protection etc. The two products which Aviva has introduced are traditional form of insurance plans which can address the concern on loan protection, income protection as well as offer guaranteed returns for insured.

Know more about Aviva’s Life Insurance Plans.