Aviva Saral Jeevan Bima Plan

Aviva Saral Jeevan Bima Plan

Amidst the chaos of daily life, you shouldn't have to struggle to find the right life insurance. Aviva Saral Jeevan Bima Plan is a term life insurance plan that is simple to understand and easy to avail.

Why should you buy the Aviva Saral Jeevan Bima Plan

Aviva Saral Jeevan Bima Plan is a standard, pure term insurance plan which provides financial security for your loved ones.

Simply decide on these 4 key factors for buying this term insurance plan:

1. How much Life Cover do you want?
Sum Assured can be from 5 lacs up to 25 lacs

2. How long do you wish to pay premiums for?
Pay term can be single pay, limited pay of 5 or 10 years or regular pay equal to the policy term

3. For how long do you want to stay protected under this term policy?
The policy term can be from 5 years to 40 years

4. How often do you want to pay premiums?
Payment frequency can be Monthly, Yearly or Half-yearly

Benefits of Aviva Saral Jeevan Bima Plan

1. Death Benefit: In case of the policyholder's demise during the policy term, the nominee receives the highest payout of the following, provided all due premiums are paid:
For regular premium or limited premium payment policy:
1. Death sum assured
2. 105% of the Total Premiums Paid

For single premium policy:
1. Death sum assured
2. 125% of the Total Premiums Paid
There will be a waiting period of 45 days from the date of commencement of risk. This Policy will cover death due to accident only during the waiting period.

2. Revival of lapsed policies: A lapsed policy can be revived within five years from the date of the first unpaid instalment of regular/limited premium.

3. Tax Benefits: The premiums you pay towards Aviva Saral Jeevan Bima are eligible for tax benefits under section 80C and 10(10)D.

*Tax benefits are as per existing tax laws and are subject to change accordingly

Plans options

Pay Single Premium

1. PPT: One time

2. Minimum Policy Term: 5 years

3. Maximum Policy Term: 40 years

Pay Limited Premium

1. PPT: 5 years or 10 years

2. Minimum Policy Term: 10 years or 15 years

3. Maximum Policy Term: 40 years

Pay Regular Premium

1. PPT: Equal to Policy Term

2. Minimum Policy Term: 5 years

3. Maximum Policy Term: 40 years