Aviva launches two new life products Aviva Life Shield Platinum and Aviva Dhan Varsha

Aviva Life Insurance launches two new insurance plans – Aviva Life Shield Platinum and Aviva Dhan Varsha.

Highlights of Aviva Life Shield Platinum
This plan offers three unique protection options with lower costs as compared to the other term plans.

Option A – Life Protection with/ without riders
Suitable for need for lump sum payment for all family needs incase of untimely death

• High value payout incase of death
• Rewarding healthy lifestyle – special rates for non smokers and women
• Financial support in case of disease / disability using DD rider
• Additional payout incase of accidental death

Option B – Income Replacement
Suitable for providing regular monthly income to the family incase of untimely death

• Income replacement in case of death
• Lower total cost than ordinary term plan
• Increasing monthly benefit
• Limited premium paying term

Option C – Loan Protection
To cover for higher financial liabilities and family responsibilities in the early years of life

• Loan protection incase of death
• Reducing life cover in line with reducing liability
• Lower total cost than ordinary term plan
• Limited premium paying term

Highlights of Aviva Dhan Varsha

1. Guaranteed annual additions between 6-9% of the Life Cover till end of premium paying term
2. Limited commitment to paying premiums
3. Accrued guaranteed additions given at the end of the premium paying term
4. Guaranteed maturity benefit equal to the sum assured
5. In case of untimely death the following payments would be made to the nominee –

• Base sum assured along with the accrued guaranteed additions (if not already paid)
• Aviva Term Plus Rider sum assured, if the rider has been opted
• Accidental Death Benefit Rider cover, incase of death due to an accident & the rider opted