Aviva Jana Suraksha is the right investment mix to add to your existing portfolio.
Parameters
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Details
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Policy Tenure
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5 or 10 years, subject to the maximum maturity age of 50 or 55 years resp.
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Premium Paying Term
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Single Premium or Regular Pay
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Premium Paying Mode
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Single, Annual, Half-yearly, Quarterly or Monthly
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Entry Age
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18 to 45 years
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Maturity Age
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50 years for the 5-year policy term and 55 years for the 10-year policy term
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Grace Period
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30 days ( 15 days for the monthly mode)
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Sum Assured
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Minimum Sum Assured – Rs.25,000 and Maximum Sum Assured – Rs.50,000, subject to underwriting policy
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Liquidity
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Loans are not applicable for this plan
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Benefits of the Aviva Jana Suraksha Policy
- Death Benefit – The Sum assured comes to play in the case of death of the insured person within the policy term. In case the insured individual meets with an accident, twice the sum assured amount will get paid to the nominee.
- Maturity Benefit – No benefit on maturity is applicable for a term insurance plan if the insured person survives
- Medical Tests – The insured person is not required to be subjected to any medical tests to subscribe to this policy
- Tax rebate- The premiums paid for the Aviva Jana Suraksha Policy are eligible for tax benefits under Section 80 C of the Income Tax Act, 1961
* Tax benefit is subject to changes in tax laws
Premium for Aviva Jana Suraksha Policy
A simple Aviva Jana Suraksha premium paying calculator is available to arrive at the exact premium amount quickly. The factors which influence the premium amount that gets charged are as stated below:
- Premium Frequency - It could be annualized or single premium
- Policy Term – It could be 5 years or 10 years
- Age Group – This could be between 8 and 45 years
- Sum Assured – Based on the individual’s risk appetite, they can choose a sum assured within the minimum and maximum ranges based on the need.
The premium will vary as per these factors.
A more comfortable option is to check the sample illustration provided on the insurer’s website or use the Aviva Jana Suraksha calculator to check out the premium applicable for you.
Additional Riders for Aviva Jana Suraksha Plan
Additional riders are not available for this plan.
What are the documents required to buy Aviva Jana Suraksha policy?
To buy Aviva Jana Suraksha, the below documents are required:
- Identity proof, such as AADHAR card or passport
- Address proof, such as Ration card, Voter's ID, or AADHAR card
- Recent photograph of the insured
How to buy this plan online?
The online Aviva Jana Suraksha plan details are available on the website. However, an individual needs to apply for the plan in the offline mode. To purchase, one needs to follow the below-mentioned steps:
- Contact the Aviva branch located closest to you or reach out to one of their agents by email or dial in their toll-free number.
- Decide the level of risk protection you need and the period for which you need it.
- Finalize the premium along with the policy term and payment mode.
- As per your convenience, decide on the premium frequency.
- Use the online calculator or talk to your Financial Planning advisor to arrive at your final premium amount.
Exclusions in Aviva Jana Suraksha Policy
Aviva Jana Suraksha Reviews suggest that the exclusions listed in this policy are minimal and easy to comprehend. Death of the insured individual by suicide within a year or twelve months from the policy start date or policy revival date will result in the nominee entitled to 80% of total premiums paid until then, or the surrender value that is applicable for that time horizon.