FAQ About Aviva Term Insurance
What is the claim settlement ratio of Aviva Life Insurance?
Aviva Life Insurance had a staggering claim settlement ratio of 97.53% in the FY 2019-2020
What is the minimum age required to be eligible for the Aviva Life Term Insurance plan?
The minimum age to apply for the Aviva Life Term Plan is 18 years.
Is my Term Insurance policy with Aviva Life cover COVID 19?
Yes, under Aviva Life term insurance plan you are covered under COVID 19.
What are the exclusions while buying Aviva Life Term Insurance Plans?
The exclusions under Aviva Life Term Insurance are as follows:
- Death due to medical condition not mentioned in the policy document
- Death due to illegal activity
- Death due to suicide within 1 year of the inception of the policy.
What are the documents required to purchase an Aviva Life Term Insurance plan online?
The following documents are needed to buy Aviva Life Term Insurance Plan:
- Age Proof
- ID Proof
- Income Proof
Claim Process at Aviva Term Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.