3. Overview
A unique protection plan to help you plan for your family in case you
are not around.
Option A – Life Protection
Need for lump sum payment of large sum of money to your family in case you
are not around.
Additional health and Accidental Death Benefit rider.
Differential rates for Smokers, Non-smokers.
Option B – Income Replacement
Provide a regular monthly income to your family in your absence.
Amount increases by 5% p.a. compounded annually from the very first year of
your policy to beat inflation.
Premium obligation is limited to about 2/3rd of the policy term.
4. Option C – Loan Protection.
This option covers for higher financial liabilities and family responsibilities in
the early years of your life
the Life Cover decreases evenly across the policy term.
Premium obligation is limited to about 2/3rd of the policy term.
This Insurance plan offers rebate on premium for higher levels of Sum
Assured.
5. Specification
Entry age :
18-60 years, 55 years with Aviva Dread Diseases Rider, 50 years with Accidental Death Benefit
Rider
Policy Term :
10 to 52 years, subject to the maximum maturity age of 70 years
60 years with Accidental Death Benefit Rider
65 years with Aviva Dread Disease Rider
Premium Payment Term :
Option A – equal to Policy Term
Option B & Option C – 2/3rd of policy term, rounded down to nearest integer
e.g. for a 16 years term, paying term will be 10 years
Premium Payment Frequency:
Annualy, Half-yearly, Quarterly or Monthly
Sum Assured:
Minimum Rs 50,00,000, maximum no limit subject to underwriting
Riders Available (Option A only):
Accidental Death Benefit and Aviva Dread Disease(DD) Rider (offered to non-smokers only).
6. •Option-A – Life Protection
Step 1
•Option-B – Income Replacement
Choose the nature of protection required
•Option-C – Loan Protection
Step 2
•Minimum Sum Assured : Rs. 50 lacs
Choose the level of protection (Base Sum
•Maximum Sum Assured: No limit
Assured) you want
Step 3
•Accidental Death Benefit Rider
Select riders for comprehensive protection
•Aviva Dread Disease (DD) Rider
(allowed under Option-A only)
7. Step 4 • Policy Term: 10-52 years subject to:
Arrive at the policy
term by choosing the Entry Age
Maturity Age
period for which you All
want protection options(with
18-60 years
28-70
out any years
rider)
Option-
A(with ADB 28-60
18-50 years
rider / both Years
riders)
Option-
A(with only 28-65
18-55 years
Aviva DD years
Rider)
• Premium Paying Term
Option A: equal to Policy Term
Option B & Option C: 2/3rd of policy
term (rounded down to nearest integer)
e.g. for a 16 years term, paying term will
be 10 years
8. Step 5 •Yearly, Half-Yearly, Quarterly & Monthly
Select the Premium frequency frequencies
•Tabular Premium for the opted Base Sum Assured
•Rebate for Large Sum Assured
•Apply Modal Factors based on the premium
Step 6
payment frequency
Work out the premium payable along with our
•Ensure that Premium should at least be equal to
Financial Planning Advisor
minimum premium
•Apply Service Tax and Education Cess, as
applicable
9. Death Benefit:
•Option A: Life Protection.
The Sum Assured is paid out to the nominee as a lump-sum in case of your unfortunate death. In case you
have opted for ADB Rider, the rider Sum Assured is paid out additionally in case of death by accident.
•Option B: Income Replacement.
The nominee will receive monthly benefit amount chosen at inception till the end of the policy term, this amount
increases by 5% p.a. compounded annually from the very first year of the policy to beat inflation
•Option C: Loan Protection.
Under this option, the Sum Assured (SA) reduces uniformly over the Policy Term and the applicable Sum
Assured as on the year of unfortunate death is paid to the nominee.
10. Rider Benefit:
•Accidental Death Benefit (ADB) Rider: [UIN 122C005V01].
•Pays ADB rider Sum Assured in addition to the base death benefit, in the event of death due to an
accident
•Aviva Dread Disease (DD) Rider: [UIN 122B014V01].
•Pays DD rider Sum Assured on ill health because of contracting any of the 18 critical illnesses
covered or on suffering Permanent Total Disability (PTD) due to illness or accident, while the policy
continues with Death Benefit intact.
11. Maturity Benefit:
•This is a pure insurance product and hence there is no maturity benefit payable
under this plan
Surrender Benefit:
•Option A: There is no surrender value
•Option B & C: The policy will acquire surrender value after the premium payment
term, if all due premiums have been paid
Tax Benefit:
•Tax benefits will be applicable as per prevailing tax laws. Tax laws are subject to
change.
