Aviva LifeShield Advantage Term Insurance Benefits

Aviva LifeShield Advantage Plan Benefits

Following are some benefits that one can avail after they purchase Aviva LifeShield Advantage plan:

1. Death Benefit: Aviva LifeShield Advantage plan provides death benefit in case of an untimely demise of the life assured during the policy tenure. Under the protection option A, death benefit equal to the sum assured shall be provided to the beneficiary in case of an unforeseen demise of the life assured and policy will be terminated. Under the protection option B, in case of an unforeseen demise of the life assured during the policy term or in case the life assured suffers permanent total disability, a death benefit shall be provided to the beneficiary.

2. Return of Premium: Under this plan return of premiums is provided to the life assured at the end of the policy term, in case the life assured survives the entire policy tenure. Return of premiums or maturity benefit shall be provided to the life assured in case he/she survives the entire policy tenure irrespective of the protection option chosen.

3. Different Protection Options: Aviva LifeShield Advantage plan provides flexibility to choose from 2 different protection options which are Life Protection (Option A) and Life-Cum-Disability Protection along with Return of Premium (Option B). Under the life protection optio financial protection is provided against the unforeseen demise of the life assured during the policy term. Under the life-cum-disability protection along with return of premium option, financial protection is provided against accidental death or permanent total disability of the life assured during the policy tenure.

4. Affordable Premium: Premiums for Aviva LifeShield Advantage plan are affordable. This plan provides comprehensive protection at nominal cost. One can avail high coverage at nominal premium rates.