{"id":11011,"date":"2018-05-22T16:23:48","date_gmt":"2018-05-22T16:23:48","guid":{"rendered":"http:\/\/faceinews.com\/?p=11011"},"modified":"2018-05-22T16:23:48","modified_gmt":"2018-05-22T16:23:48","slug":"aviva-life-insurance-launches-aviva-i-term-smart","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=11011","title":{"rendered":"Aviva Life Insurance launches \u2018Aviva i-Term Smart\u2019"},"content":{"rendered":"

\"aviva\"<\/a><\/span><\/b>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Makes insurance more accessible with an affordable Term Insurance Plan
\n<\/span><\/i>
\n\"Faceinews<\/a>
\n<\/span><\/b>National,\u00a0May 22nd, 2018<\/span><\/span>:<\/span><\/b>\u00a0Aviva Life Insurance, today announced the launch of\u00a0\u201cAviva i-Term Smart\u201d<\/b>, a \u2018protection oriented\u2019 life insurance plan that offers consumers life cover at an affordable cost, along with an opportunity of additional protection against critical illness and disability. This plan ensures that the family is secured at a minimal cost, and that they can lead a comfortable life in case of the unfortunate death of the life insured.
\n<\/span><\/p>\n

<\/span><\/p>\n\n\n\n\n\n\n\n\n
Entry Age
\n<\/span><\/b><\/td>\n		Min: 18 years last birthday
\n<\/span>
\nMax: 65 years last birthday
\n<\/span><\/td>\n<\/tr>\n
Maximum Maturity Age
\n<\/span><\/b><\/td>\n		80 years last birthday (Without Rider1<\/sup>)
\n<\/span>
\n\u00a070 years last birthday (With Rider1<\/sup>)
\n<\/span><\/td>\n<\/tr>\n
Premium
\n<\/span><\/b><\/td>\n		Min: Rs. 3,861 (excluding taxes, rider premium & extra premium, if any)
\n<\/span>
\nMax: Depends on the Age, Term, & Sum Assured chosen
\n<\/span><\/td>\n<\/tr>\n
Sum Assured
\n<\/span><\/b><\/td>\n		Min: Rs. 75 Lacs
\n<\/span>
\nMax: Rs. 25 Cr (per life) subject to Company\u2019s Board Approved Underwriting Guidelines. Maximum sum assured will be as per the Board Approved Underwriting Policy
\n<\/span><\/td>\n<\/tr>\n
Premium frequency
\n<\/span><\/b><\/td>\n		Yearly, Half Yearly & Monthly
\n<\/span>
\nChange of premium payment frequency is allowed at any policy anniversary
\n<\/span><\/td>\n<\/tr>\n
1Rider (optional)
\n<\/span><\/b><\/td>\n		Aviva Critical Illness and Disability Rider-Non linked Rider (UIN: 122B019V01)
\n<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The\u00a0Aviva i-Term Smart<\/b>, term insurance plan, pays a lump sum to the nominee(s) in case of the unfortunate death of the life insured. Additionally, this term plan also offers an optional rider,\u00a0Aviva Critical Illness & Disability Rider-Non Linked Rider.\u00a0<\/b>This additional option simply means that the customer can opt for an enhanced protection cover for 16 critical illnesses & permanent total disability due to illness or accident.
\n<\/span>
\nWith this product, Aviva has put the\u00a0power of choice<\/b>\u00a0in the hands of the customers by providing options to choose from.
\n<\/span>
\nThe customer can opt for the policy beginning from\u00a018 to 65 years<\/b>, with a maximum maturity age of 80 (without the Rider) and 70 if the insured opts for the Rider.
\n<\/span>
\nThe insured also has the choice of a\u00a0flexible premium payment schedule<\/b>: yearly, half yearly or monthly, with a sum assured between INR 75 lacs to INR 25 crores.
\n<\/span>
\n\u00a0Under this plan, the customer can also avail<\/span>\u00a0a\u00a0grace period<\/b>, so that if the policy lapses in case of non-payment of premiums, it can be\u00a0revived\u00a0within two years<\/span><\/span>\u00a0of the last payment\u00a0<\/b>(T&C apply).<\/span>
\n<\/span>
\n<\/span>
\n\u00a0Speaking on the launch, Anjali Malhotra, the Chief Customer, Marketing & Digital Officer, Aviva India said,\u00a0<\/span><\/b>\u201cResearch shows that India is a grossly underinsured market. Though the ideal term insurance for an individual has to be around 10 times his\/her earning capacity, there is a massive gap here. Term insurance is one of the least attractive plans to customers, as there are a plethora of similar term plans in the market resulting in a non-competitive product that are not customer focused. Thus, we wanted to offer our customers not just another plain Term Insurance Plan, but a\u00a0smart online Term Insurance Plan<\/b>\u00a0that is truly competitive. Through\u00a0Aviva i-Term Smart<\/b>, we wanted to provide customers the opportunity to secure their families\u2019 future at an affordable cost.\u201d<\/span><\/i>
\n<\/span>
\n<\/span><\/i>
\n\u00a0\u201cThere is no greater satisfaction than securing the life goals of our loved ones\u2019. Goals start looking easy when dreams are supported by a well nurtured plan. At Aviva Life Insurance, we understand this fact and have worked to build a product that helps to secure the dreams of our customers and their loved ones if case life were to throw an unpleasant surprise.\u201d\u00a0<\/i>She further added.<\/b>
\n<\/span>
\n<\/span>
\n\u00a0In the common scenario of increasing liabilities and responsibilities, Aviva i-Term Smart also provides a\u00a0<\/ins>onetime option for the customer to increase the policy sum by upto INR 25 Lacs, without any medical examination (T&C Apply). The premium for incremental base sum assured is computed basis the age of life insured at the time of acceptance of request and the outstanding policy term.
\n<\/span>
\nAbout Aviva Life Insurance:
\n<\/span><\/b>
\nAviva Life Insurance Company India Limited is a joint venture between Dabur Invest Corp and Aviva International Holdings Limited, a UK based insurance group, whose association with India goes back to 1834. By choosing Aviva Life Insurance, you benefit from the management experience of one of the world\u2019s oldest insurance groups, with a history dating back to 1696. Today, Aviva Group has 33 million customers in 16 countries (as on 1st<\/sup>\u00a0October 2017)
\n<\/span>
\nWebsite:www.avivaindia.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Makes insurance more accessible with an affordable Term Insurance Plan National,\u00a0May 22nd, 2018:\u00a0Aviva Life Insurance, today announced the launch of\u00a0\u201cAviva i-Term Smart\u201d, a \u2018protection oriented\u2019 life insurance plan that offers consumers […]<\/p>\n","protected":false},"author":2,"featured_media":11012,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-11011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/11011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11011"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/11011\/revisions"}],"predecessor-version":[{"id":11013,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/11011\/revisions\/11013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/11012"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}