Insurance Type : Term Insurance   Availability : Online only
Underwritten by : Aviva Life   Distributed by : bimadirect.com

Aviva Life’s ‘i-Life’

(UIN 122N093V02)

About Product:

Aviva’s i-Life is a pure term insurance plan designed to provide financial security to the family of Insured in case of early death of the Life Insured. This plan can be bought by Indian citizens (both resident and non-resident) in the age group of 18 to 55 yrs and they can stay insured under this plan for maximum policy duration of 35 yrs or till the Insured turns 70 yrs of age (whichever is earlier). Both natural and accidental death is covered under i-Life. The Life coverage also extends to situations like terrorist attack, plane hijack, natural calamity, etc. This plan can be bought online from www.bimadirect.com.

Key exclusion: Sum Assured is not paid if the Insured commits suicide within 1 yr of buying a fresh policy or within 1 yr of reinstating a lapsed policy.

Know more about your Insurance

Key features: Eligibility, Benefits and Pricing

Minimum Age at Entry : 18 years
Maximum Age at Entry : 55 years
Maximum Age at Renewal : 70 years
Minimum Sum Assured : Rs 25 lacs
Maximum Sum Assured : No limit
 
Minimum Policy Term : 10 years
Maximum Policy Term : 35 years
Premium Pay Term : = policy term
Premium Payment Frequency : Yearly/H-Yrly
Survival Benefits : NA


Premium for a Non-Smoker/Healthy Life (Incl of S.Tax)   (INR)

   25 yr old male   35 yr old male   45 yr old male 
Term  SA
10 lacs
SA
25 lacs
SA
50 lacs
SA
1 Cr
SA
10 lacs
SA
25 lacs
SA
50 lacs
SA
1 Cr
SA
10 lacs
SA
25 lacs
SA
50 lacs
SA
1 Cr
10 yrs NA 3165 4112 7196 NA 4271 5515 9991 NA 9184 11162 21285
15 yrs NA 3166 4115 7201 NA 4452 5669 10334 NA 9826 11915 22823
20 yrs NA 3169 4118 7207 NA 4611 5845 10691 NA 10233 12411 23821
25 yrs NA 3171 4121 7212 NA 4718 5962 10924 NA 10474 12719 24435


How to ensure a smooth & hassle-free claim experience?

  1. Fill your proposal form very carefully to ensure accuracy & correctness of all relevant information like Name, DOB, Health status, policy details, contact information, nominee details, etc. Also cross-check the policy document for accuracy & correctness of the information provided. Immediately approach the Insurer, should you find any discrepancy in the data.

  2. Disclose all material facts clearly nd be truthful about your health and lifestyle attributes (tobacco/alcohol consumption) related information. An affirmative declaration doesn’t mean that your policy will be rejected.

  3. Ensure that your nominee is well-informed about the status of your policy. Keep the policy documents in a safe location and ensure that your nominee knows where the policy bond is stored.

  4. Pay your premiums regularly & in time to keep your policy in force. Follow simple procedures like setting premium due date reminders for yourself by registering with www.bimadirect.com and give your loved ones a stress-free future.

  5. Intimate your Insurer about death & register your claim. Submit duly completed claim forms and other documents at the nearest Aviva Life Branch office or at the Insurer’s Head office in Gurgaon. For any claim assistance, please get in touch with the Insurer at 1860 180 2266. You can also write to them at customerservices@avivaindia.com

Some key statistics for Aegon Religare

ITEM   NUMBER
Claims Settled Ratio : 88%
Claims Rejection Ratio : TBA
Complaints Resolution Ratio : TBA


How to decide your ideal Life cover?

Your insurance cover should be enough to provide for your family/dependants’ monthly expenses without upsetting any of their lifestyle related needs.

Make sure you are choosing enough Insurance coverage so as to cover all your outstanding liabilities/debt, etc in absence of your earning hand.

Your insurance cover should be able to provide for & meet with all the foreseeable future needs.

Disclaimer: This is only an illustrative document to serve as a quick guide for aide in decision making. For line item details please refer the product brochure.


IRDAI License
Coretree Insurance Brokers (India) Pvt. Ltd.
IRDAI License Number - 437
Category: Direct (Life & General)
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