|
|
 |
AvivaLife - Secure Life
Plan Highlights
| Key Feature |
A low cost term insurance plan with the benefit of return of premium on survival to maturity.
|
|
| Best Suited For |
People who want to have insurance protection at low cost at the same time expect some return from the policy. |
|
| Features |
1) Policy holder has the option to increased the sum assured by 50% (subject to maximum increase of Rs 1,000,000) during the term of the policy, without submitting any evidence of good health, within three months of his/her marriage or within three months of the birth of his/her child.
2) The premium for the increased sum insured will be calculated on the basis of the age at the time of exercising this option.
3) This option to increase the sum insured is available to standard lives only and can be exercised when the outstanding term of the policy is at least 5 years.
4) In the event of non-payment of premiums, insurance cover will lapse and death and maturity benefit will be reduced to the surrender value of the policy. The policy provides a surrender value only if premiums have been paid for three years.
5) Accidental Death and Dismemberment (AD&D) rider can be availed of by paying marginal additional premium.
6) Premium discounts are available if one opts for large sum assured. |
|
Benifits
| Maturity Benefits |
Entire premiums paid, excluding rider premium and extra premiums, if any. |
|
| Survival Benefits |
Not Applicable. |
|
Death Benefits
(Natural) |
Full sum assured is paid on death within the term. |
|
Death Benefits
(Accidentals) |
As per the rider, an additional amount equal to the basic sum insured is paid. The rider cover expires on life assured attaining 60 years of age.
|
|
| Other Benefits |
Not Applicable |
Policy Features
| Type |
Endowment Policy |
|
| House Loan |
Yes |
|
| General Loan |
Yes |
|
| Premium Paying options |
Yearly, Half-Yearly, Quarterly, Monthly |
|
| Period of Life Insurance |
As long as premium paying term |
|
|
|
|
|
|
