Aviva Life Insurance, a leading private-sector life insurance company in India, has recently launched a new protection-oriented plan called Aviva i-Term Smart. This policy is available for purchase on Aviva Life’s official website. The plan offers policy buyers a significant risk cover against death at an affordable premium rate.
Further, the insurer also offers policy buyers the option to purchase the Aviva Critical Illness and Disability Rider – Non Linked Rider along with this policy. The rider provides additional coverage in case of disability and for up to 16 critical illnesses.
Individuals between 18 and 65 years of age are eligible to purchase this policy. A key benefit of the i-Term Smart Plan is that policyholders can avail coverage up to the age of 80 years if the cover is purchased without the rider, or up to 70 years if the policy is purchased with the rider.
When purchasing this policy, buyers can opt for a sum assured between Rs.75 lakh and Rs.25 crore. Premiums can be paid on an annual, bi-annual, or monthly basis as per the policyholder’s convenience. The insurer also gives policyholders a one-time option to increase their sum assured by up to Rs.25 lakh without undergoing a medical test.
Aviva Life Insurance also offers a number of other protection-oriented plans, many of which can be purchased through the insurer’s official website. Some of the other plans offered by Aviva Life under the same category include the Aviva LifeShield Platinum Plan, Aviva i-Shield Plan, Aviva i-Life Plan, Aviva LifeShield Advantage Plan, etc.