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Aviva Life Term Insurance
Aviva Life Term Insurance
Aviva India is a joint venture between Aviva Plc (a UK-based company) and Dabur Invest Corp (one of the popular ...Read More
What you get with Aviva Life Term Insurance
The headline features and policy mechanics, at a glance.
Annual Premium 1306.77 crore
Affordable premium options starting from entry-level to comprehensive whole-life protection.
99% claim settlement ratio
Industry-leading approval rate on eligible term insurance claims in the most recent fiscal year.
1.93x solvency ratio
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
5+ optional riders
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
122+ pan-India presence
Branch offices and claim service centres across India for easy policy servicing.
Aviva Term Insurance
Aviva India is a joint venture between Aviva Plc and Dabur Invest Corp. Aviva Plc, founded in 1696, is among the world's oldest insurance companies in continuous existence and was one of the first insurance companies to set up business in India in 1834. Globally, Aviva serves over 34 million customers and offers term insurance plans with affordable premiums.
Aviva term plans can be easily purchased either from their website, a branch office, or through an aggregator.
Key Features of Aviva Term Insurance Plans:
- Accidental death benefit
- Critical illness cover
- Waiver of premium
- Choice of policy tenure
- Affordable premiums
- Tax benefits
Video reviews
Term Insurance Plans of Aviva Life Insurance
Riders You Can Avail With Aviva Life Term Insurance Plans
Enhance your term plan with optional add-on riders for broader protection.
Riders You Can Avail With Aviva Term Insurance Plans
You can avail yourself of the following riders with your Aviva term insurance plans:
Aviva Accidental Death Benefit Rider
This rider provides an additional sum assured to the nominee if the policyholder's death is caused by an accident during the rider term.
Aviva Critical Illness Rider
This rider pays the sum assured to the policyholder in advance upon diagnosis of any listed critical illness, such as cancer, kidney failure, or heart disease.
Aviva Waiver of Premium Rider
This rider waives future premiums if the policyholder suffers permanent disability. The waiver is finalized after a 6-month waiting period, provided the customer remains unable to work.
Aviva Disability Income Rider
This rider provides a regular income to the policyholder if they become disabled and are unable to work, helping to cover present expenses.
Benefits of Aviva Life Term Insurance
Aviva Life Term Insurance is one of the most trustworthy and reliable insurer partners. Here are the reasons why you should choose Aviva Life Term Insurance Plans:
01
Why Choose Aviva Term Insurance? Comprehensive Coverage
These plans offer comprehensive coverage, including accidental death benefit, terminal illness benefit, and disability benefits, ensuring coverage for various unfortunate scenarios.
02
Hassle-free Claims Process
Aviva has a hassle-free claims process, ensuring beneficiaries can easily claim the sum assured in case of the policyholder's demise.
03
Tax Exemption
Aviva Life Term Insurance plans offer tax benefits as per the Income Tax Act, 1961. Premiums paid are eligible for tax exemption up to ₹1.5 lakhs.
04
Affordable Premiums
Aviva term insurance offers affordable premiums, making it easier to secure your family's financial future.
05
Trustworthy Reputation
Aviva is a well-known and trusted brand, operating since 2002 and having sold over 30 million insurance policies. It has a reputation for providing high-quality insurance products and excellent customer service.
Documents required
For policy purchase and claim submission. Have these ready before you start.
- Any one of the following: Passport, Aadhaar card, PAN card, Driving License.
- Any one of the following: Passport, Aadhaar card, PAN card, Driving License.
- Any one of the following: Utility bill, passport, voter ID, ration card.
- Medical records of the policyholder (if requested).
- Any one of the following: Bank statement, last three months' salary slips (for salaried individuals).
Eligibility Criteria for Aviva Term Insurance Plans
To purchase an Aviva term insurance plan, certain eligibility criteria must be met. Let's understand these in detail:
Age: Individuals between 18 and 65 years of age are eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in determining the plan’s premium.
Health condition: Since an Aviva term insurance plan insures the policyholder’s life, most insurance providers require a policyholder to undergo a health examination to determine their current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement.
Income: An Aviva term insurance plan has no specified minimum income requirement. However, they might ask for bank statement copies and salary slips to determine the coverage for your term plan.
Smoking habits: If you smoke or have been a smoker in the past, you must disclose this information to the insurer, as smokers are exposed to severe health hazards like lung cancer.
Citizenship: Indian citizens can buy an Aviva term insurance plan in India. Non-Resident Indians (NRIs) or Persons of Indian Origin (PIOs) can also avail the benefits of a term insurance plan in India.
Additional Benefits Offered By Aviva Term Plans
Premium Discounts on Higher Sum Assured
With Aviva Term Insurance plans, you can get up to a 15% premium discount on a higher sum assured.
Return of Premium
Aviva Term Plans offer a return of premium benefit to policyholders with some of their plans. If the life assured survives the entire policy tenure, they can get all the paid premiums back.
Surrender Benefits
If you no longer wish to continue the term plan or your insurance requirement is completed, you can surrender your Aviva term insurance policy at any policy anniversary during the policy tenure.
Affordable Premiums
Aviva Term Plans offer long-term coverage at an affordable cost. With the Aviva Protection Plus term plan, you can protect yourself starting with Rs. 750 per month.
Types of Aviva Term Plans
There are various Aviva Life Term Plans based on their features, benefits, and premiums. You can select the one that best suits your requirements.
Basic term insurance plan
Plan Name: Plan Name: Aviva Protection Plus
Aviva Protection Plus Plan offers the dual benefit of insurance and saving in the same policy.
How to Buy a Aviva Life Term Insurance Plan?
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
- Visit the PolicyX.com website or the Aviva Life Term Insurance official website to compare and choose a suitable term plan.
- Enter your personal details such as name, date of birth, gender, annual income, and smoking status to get a customised quote.
- Compare plan options — choose your sum assured, policy term, premium payment term, and any optional riders.
- Fill in the proposal form with your contact details, nominee information, and medical history accurately.
- Upload the required documents: identity proof, address proof, income proof, and recent photographs.
- Pay the first premium online via net banking, UPI, debit/credit card, or cheque.
- Complete the medical examination if required (depends on your age and sum assured).
- Receive your policy document via email and registered post after underwriting approval.
How to File an Aviva Life Term Insurance Plan Claim
Filing a claim for an Aviva Term Plan is simple and hassle-free. Claims can be submitted online or offline. To file a claim, follow the steps below:
Online Process
1. Claim Reporting
Inform the company about the incident via email (claims@avivaindia.com), toll-free number (1800-103-7766), online claim form on its website, or by visiting the nearest branch.
2. Claim Review
Aviva's customer support staff will review your claim form, assist you, evaluate the claim, and notify you of any pending documents.
3. Claim Approval and Settlement
After receiving all documents and claim forms, the company will verify details as per their norms. Upon successful completion, the claim will be settled, and the amount transferred to the nominee's bank account. The nominee will be informed via call or email.
Offline Process
Aviva Term Plan claims can also be reported by visiting a local Aviva Branch Office. Visit their website to locate the nearest branch. Essential documents must be submitted at the branch for claim processing.
- Log in to the Aviva Life Term Insurance customer portal or the PolicyX.com dashboard before your policy renewal date.
- Review your existing policy details — coverage, premium amount, and nominee information.
- Choose to continue with the same plan or upgrade your sum assured if eligible.
- Pay the renewal premium online via net banking, UPI, debit/credit card, or cheque.
- Download the renewed policy document from your registered email or the insurer portal.
- How to Buy Aviva Term Insurance from their Website Visit the official website of Aviva Life Insurance Company. Click on the "Buy Online" tab. Click on the tab 'Know More' under the Aviva Term Insurance plan.
- Click on the tab 'Get quotes' at the bottom of the page. Fill in the required details and click on the ‘Buy’ button.
Why Choose PolicyX.com?
Don't just take our word for it — check out what our happy customers say about us!
All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.
Ravindra SinghI highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.
Priti VarshneyI'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.
Nisha MaryI bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.
Ajay ShahPolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.
Vijay RathodI purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.
Uma MahajanFrequently asked questions
The 11 most-asked questions about Aviva Life Term Insurance, answered.
Customer satisfaction
Aggregate ratings from 923 verified PolicyX customers who bought a Aviva Life Term Insurance plan.
Term Insurance Articles
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Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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