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Insurance Company
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Aviva Life Insurance Company Ltd
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Plan Name
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Aviva Group Life Protect Plan
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Plan Nature
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TRADITIONAL
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Plan Category
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Other Plan
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UIN No.
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122N080V01
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About Plan
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It is a single premium group term life insurance plan which provides life cover. It is primarily targeted to customers of financial institutions, banks, cooperative banks and credit societies providing home loan, loan against property, education loan, car loan, two wheeler loan, tractor loan and personal loan. It also covers credit card and recurring deposit holders and their sum assured will depend on requirements of the master policyholder.
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Minimum Entry Age
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18 years
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Maximum Entry Age
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69 years
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Minimum Sum Assured
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Rs.1000
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Benefits
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| Particulars | Description |
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Death Benefits
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In case of loan, the amount payable on the death of the member is equal to the loan outstanding as per the loan schedule finalized at the outset of taking the membership.In case of recuring deposit, sum assured due as on date of death will be payable.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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| No data for Plan Speciality |
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06-Jul-09
09:12
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Aviva is keen on raising FDI to 49%
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06-Mar-09
12:12
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Aviva reaffirms India investment plans
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03-Mar-09
18:59
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Aviva launches LifeShield Plus
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13-Feb-09
11:00
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Capital infusion plan by middle of 2009 : Aviva CEO
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12-Feb-09
10:26
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Aviva life launches child plan Aviva Young Scholar
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20-Jan-09
12:50
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Private insurers see market share rise to 62%
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16-Dec-08
10:26
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Sales growth to be flat in December quarter: Aviva
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29-Sep-08
10:59
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TR Ramachandran as new CEO of Aviva India Life Insurance.
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24-Jul-08
17:29
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Aviva strengthens product portfolio for traditional plans
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14-Mar-08
15:10
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Aviva and BASIX together launch unique group term plan - Sangh Samruddhi
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