Aviva i Term Smart – Aviva Term Plan


There are many term life insurance plans out there in the market. But, in which Aviva term plan is one of the best term insurance plans. This plan gives access to people to acquire the greatest death benefits at a very economical rate. Life insurance plan is a financial cover for eventuality associated with human life like death. Aviva term insurance plan can be your best friend in today’s hectic life. Because it secures your family future so that they can lead to a hassle-free and comfortable life after your absence.

Aviva i Term Smart Plan

Aviva life insurance has recently launched the Aviva i Term Smart Insurance Plan. This is the protection oriented life insurance plan that comes with additional coverage like it gives financial coverage to the family in case of unfortunate death of the policyholder and also offers an optional rider, Aviva critical illness, and disability rider-non linked rider.

You might be wondering there are a lot of term insurance plans in the market and the products and services are also the same. So, why one should choose Aviva i Term Smart insurance plan? The thing is, while launching this plan the Chief customer, Marketing & Digital officer, Aviva India Said:

“We wanted to provide the life insurance plan online at an economical rate so that every individual of India can avail this service can secure the life of their loved ones”.

Features of Aviva i Term Smart Insurance Plan

Below we have comprehended all important features of Aviva Life Term Plan:

  • The customers whose age is 18 years or more can opt for this policy.
  • This policy gives you the choice to premium payment schedule; yearly, half-yearly, and monthly.
  • Under this plan, the insurer can avail a request for a grace period.
  • In the minimum amount, you can invest in Aviva Term Plan is Rs. 3,861, excluding taxes and other charges.
  • The minimum risk cover of Rs. 75 lakhs goes up to Rs. 25 crores.
  • The age of maturity with riders like critical aliments is 70 years and without riders is 80 years respectively.
  • Gives utmost protection to your family when you are not around.
  • This plan provides you tax benefits under section 80C.
  • The customers can purchase Aviva i Term Smart online as well.
  • No maturity benefits if an insurer survives.

Must Read: What are ULIP Plans and How They Work

Benefits of Aviva i Term Smart Insurance

Find below the detailed benefits of Aviva term plan that inspires you to buy a plan.

  • No Middle– man intervention: This plan is exclusively available on the internet so that you can easily buy this plan without giving money to the agent.
  • Longer coverage: Unlike other life insurance plans, Aviva term plan offers longer coverage of up to 80 years.
  • Lower Premium: Aviva term plan premium is relatively lower than other insurance plans. Additionally, it offers you the flexibility to choose yearly, half-yearly and monthly payment as per your affordability.
  • Death Benefits: Aviva Term Plan promises to offers the amount of money that invested in the plan to your family when you are no more there for them.
  • Tax Benefits: Aviva term plan allows you to avail the benefits of the tax. The amount of money that you paid off in this plan qualifies tax deduction.
  • Option to Change the Frequency of Premium Payment: Unlike other insurance plans, this plan allows you to change the frequency of premium payment. Which means you can increase or decrease the amount as per your suitability and affordability.
  • Critical Illness Add – on Facility: Aviva i Term Smart is the only plan that offers you life coverage as well as critical illness coverage at a nominal rate. Aviva term plan provides you a lump sum amount in case if you get injured.

Final Say:

In this fast-paced life, everyone has priorities. Many take the priorities very seriously and many ignore it. What if when you die suddenly without giving financial protection to your family. So, don’t leave your kids and spouse with an empty bag, buy life insurance and give them financial security when you are no more there for them. If you are not ready to invest a large premium on life insurance you can buy Aviva i Term Smart insurance plan that is thoughtfully designed for the family who is seeking for the insurance plan that is available in affordable rates.

You may also like to read: National Pension Scheme (NPS)


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