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Aviva Life - I-Life Secure

About The Plan

Aviva i-Life Secure is a protection oriented online plan that ensures an uninterrupted regular income of your chosen amount for your family year after year for 15 years, in case you are not around. Not just this, it also provides lump sum to meet any immediate expenses or take care of liabilities that your family might have to incur, in your absence.

Key Features

A regular income for the family for 15 years in the event of the death of the Life Insured.

Additional lump sum payout to fund the family’s immediate financial needs in the event of the death of the Life Insured.

Premium rebate on choosing Sum Assured of Rs. 1 Crore and above.

Min. Sum Assured Rs. 50 lac, Max. Rs. 10 Cr. per life (subject to underwriting).

Entry Age: Min. 18 years, Max. 50 years.

Policy Term: 10 years to 25 years.

Maximum maturity age 70 years.

Premium payment frequency-yearly and half-yearly.

Tax benefit u/s 80C & 10(10D) of the Income Tax Act, 1961.

Eligibility Criteria

  • Minimum sum assured is 50 lakhs & maximum sum assured is 1000
  • Minimum entry age is 18 years & maximum entry age is 50 years
  • Minimum policy term is 0 years & maximum policy term is 0 years
  • Premium payment mode is Half-yearly, Yearly
  • Maturity benefits are Nil
  • Grace period is 30 days
  • Yes, under Section 80C & 10(10D) of the Income Tax Act, 1961