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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 LifeShield
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Plan Nature
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TRADITIONAL
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Plan Category
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Pure Term
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UIN No.
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122N019V01
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About Plan
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LifeShield is an ideal life insurance plan that helps you protect your family's future. While there can be no compensation for the loss of life, LifeShield ensures that your family's financial needs are met should something unfortunate happen to you.
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Minimum Entry Age
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18 Years
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Maximum Entry Age
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55 Years
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Minimum Policy Term
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5 Years
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Maximum Policy Term
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40 Years
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Minimum Premium
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Rs. 2000
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Maximum Premium
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RS.500000
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Maximum Sum Assured
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Rs.1000000
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Minimum Policy Term
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5 Years
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Benefits
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| Particulars | Description |
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Death Benefits
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The plan pays out a sum insured in the unfortunate event of your death before the maturity date.
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Additional Benefits
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Offer preferred rates to customers opting for higher sum insured and to PensionPlus policyholders of Aviva
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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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LifeShield is an ideal life insurance plan that helps you protect your family's future. While there can be no compensation for the loss of life, LifeShield ensures that your family's financial needs are met should something unfortunate happen to you.LifeShield is a low cost life insurance plan which guarantees to pay a lump sum amount in case of your death during the term of the policy. The sum insured of the policy can be increased during the term of the policy, without submitting any evidence of good health, in case of your marriage or the birth of your child.
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To pay out a guaranteed cash amount in the unfortunate event of your death during the term of the policy.
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1) The plan pays out a sum insured in the unfortunate event of your death before the maturity date.2) Premiums paid by you are eligible for tax deductions under section 80C of the Income Tax Act, 1961.3) We offer preferred rates to customers opting for higher sum Insured and to Pension Plus policyholder of Aviva. You will receive a discount of Rs 0.50 per thousand of sum insured on standard premium rates if you are opting for a sum Insured of Rs 1,000,000 and above. If you are a Pension Plus policyholder, you will get an additional discount of 7.5% on the premium rate stated in the Premium Rate Table of Lifeshield, provided your Life shield policy has been accepted on standard rates.
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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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