Bengaluru: Aviva Life Insurance Company India Limited, a life insurance company committed to helping customers lead healthier, more secure and fulfilling lives, has announced the launch of its Term Insurance Plan with Return of Premiums proposition, Aviva Smart Return of Premium Term Plan, offering customers a return of 105% of the Total premiums paid on survival till maturity.
As customers increasingly look for financial solutions that address both protection needs and long-term financial planning, the proposition brings together the core benefit of term insurance with a defined return at the end of the policy term. The plan provides life cover during the policy term and, on survival to the end of the policy term, provides for a return of 105% of Total premiums paid, subject to the terms and conditions of the policy.
The proposition offers customers the flexibility to choose a policy term ranging from 10 to 30 years and life cover ranging from ₹5 lakh to ₹50 lakh, subject to eligibility criteria and policy terms and conditions. Customers can enter the plan between 18 and 60 years of age, with a maximum age at maturity of 75 years.
Customers can also enhance their protection through optional riders covering accidental casualty and critical illnesses. The plan further offers flexibility in premium payment frequency and the option to purchase the policy under the Married Women’s Property Act (MWPA) to help safeguard policy benefits for the spouse and/or children.
