Prices Increasing soon Prices Increasing Soon

Aviva LifeShield Plus Plan

Aviva LifeShield Plus plan provides a way for people to give comprehensive protection to their families and loved ones at very nominal costs. With premium rates as low as Rs.2000 a year and no limit on the maximum annual premium, this simple insurance policy is suited for all pockets. With a policy term range of ten to thirty years, policyholders can plan their savings and ultimately provide protection for their loved ones in their absence. 

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 15% discount# for buying online
Only certified experts will call you on 100% recorded lines

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from /month+
+91
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Key Features

  • Low premiums and affordable premium rates are available.
  • No limit on the maximum Sum Assured, so policyholders can choose as high a level of cover as they want.
  • The policy offers 100% Sum Assured as a lump sum on death of the policyholder.
  • The policy offers a single premium payment or regular payments over the policy term, as per the convenience of the policyholder.

Benefits

  • The policy offers a high level of insurance cover at low and affordable premium rates.
  • The policy term in this policy ranges from medium, i.e., ten years to long-term, as long as thirty years, so policyholders can plan their finances and savings accordingly.
  • Policyholders have the flexibility to choose a single premium payment or regular payments for a long-term period.
  • In the unfortunate event of the demise of the person insured, the nominee receives the Sum Assured as the Death Benefit.
  • A discount is available on large Sum Assured amounts of Rs. 25 lakhs or higher.
  • The policy provides low premium rates for female policyholders.
  • Tax benefits are available on the premium paid and Death Benefit as per sections 80(C) and 10 (10D) of the Income Tax Act.

Product Specification:

 

Minimum

Maximum

Entry Age of the Life Assured(Last Birthday)

18 years

55 years

Maturity Age (Last Birthday) of the Life Assured

28 years

65 years

Policy Term (PT) in years

10 years

30 years

Premium Paying Term (PPT) in years

Single Premium

Regular

Premium Paying Frequency

Single Premium, Yearly, Half-yearly, Quarterly, Monthly

Annual Premium

Rs. 10000 for Single Premium

Rs. 2000 for Regular

No limit

Sum Assured

Rs. 10 lakhs

No limit

Life Insurer Details

Details About Premium

Age

Policy Term

Premium Payment Term

Annual Premium

Sum Assured

20 years

10 years

10 years

Rs. 10900

Rs. 1000000

30 years

25 years

25 years

Rs. 221100

Rs.1,10,00,000

50 years

15 years

15 years

Rs.26465000

Rs. 350000000

55 years

10 years

Single Premium Payment

Rs. 1285438500

Rs. 16550000000

40 years

25 years

Single Premium Payment

Rs. 518760500

Rs. 7550000000


Policy Details

  • Grace Period: There is a limited timeframe of 30 days from the due date of the unpaid premium to pay all dues. If premiums are not paid within the Grace Period, the policy will lapse.
  • Policy Termination or Surrender Benefit: The policy does not acquire Surrender Value when on Regular Premium mode. For the Single Premium mode, the policy acquires Surrender Value after completion of the first policy year and may be surrendered any time after that. If the policy is not reinstated within the revival period, the policy is terminated. Termination of the policy also occurs on payment of the Death Benefit.
  • Free Look Period: Policyholders have a limited free look period of 15 days from the date of receiving policy documents to review the policy. If the policyholder does not wish to continue with the policy, then he or she can cancel the policy. The customer will receive the policy premium minus a proportionate premium for the risk borne by the company, including as any extra expenses, such as towards a medical examination or stamp duty charges.

Additional Features or Riders

  • The revival of a lapsed policy is possible if the policyholder submits a request for reinstatement within a timeframe of two years from the date of the first unpaid premium.

Exclusions

  • The term insurance cover is void if the person insured, whether sane or insane at the time, commits suicide within one year from the start of the policy cover. The company will refund only 80% of the premiums paid, excluding any payment for taxes and extra premiums. If the person insured commits suicide within one year of the policy reinstatement then the company will refund an amount that is higher of 80% of the premiums paid or the Surrender Value as on the date of demise.

Documents Required

The policyholder has to fill up an ‘Application form’ with identity proof (Aadhaar Card, Passport, PAN Card or Driving license), bank account proof, address proof and a recent photograph. Select cases may require income proof and a medical examination.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

Premium By Age

˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com  in the first 6 months of FY 24-25.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

© Copyright 2008-2025 policybazaar.com. All Rights Reserved

+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Choose Term Insurance Plan as per you need

Plans starting from @ ₹473/Month*
Term Insurance
1 Crore Term Insurance
Term Insurance
2 Crore Term Insurance
Term Insurance
4 Crore Term Insurance
Term Insurance
5 Crore Term Insurance
Term Insurance
6 Crore Term Insurance
Term Insurance
7 Crore Term Insurance
Term Insurance
7.5 Crore Term Insurance
Term Insurance
8 Crore Term Insurance
Term Insurance
9 Crore Term Insurance
Term Insurance
15 Crore Term Insurance
Term Insurance
20 Crore Term Insurance
Term Insurance
25 Crore Term Insurance
Term Insurance
30 Crore Term Insurance
Term Insurance
15 Lakh Term Insurance
Term Insurance
60 Lakh Term Insurance

Term Insurance Articles

  • Recent Article
  • Popular Articles
02 Apr 2025

ICICI Pru iProtect Supreme

ICICI Pru iProtect Supreme is a pure-term insurance plan

Read more
01 Apr 2025

HDFC Life Click 2 Protect Elite Plus

HDFC Life Click 2 Protect Elite Plus is a comprehensive term

Read more
17 Mar 2025

Kotak e-Term Plan

Kotak e-Term Plan is a pure-risk term insurance plan that

Read more
11 Mar 2025

Mortgage Insurance Cost: Protecting Your Home and...

Buying a home is a major milestone, but it also comes with

Read more
11 Mar 2025

How Axis Max Life STEP Term Plan Can Benefit You...

Amit was a 38-year-old marketing professional with big dreams

Read more

Term Insurance Calculator Online : Get Instant...

Term Insurance Calculator  [[ What is Term Insurance Calculator? Term insurance calculator is a free online

Read more

Claim Settlement Ratio of Term Insurance Plan...

Claim Settlement Ratio (CSR) is an important parameter in the selection of an insurance policy. If you are going

Read more

Buy Best ₹1 Cr Term Insurance Plan Online in...

Are you looking for a reliable and affordable way to protect your family’s financial future? A 1 crore term

Read more

LIC New Bima Gold Maturity Calculator

The LIC New Bima Gold Calculator is an online tool offered by the Life Insurance Corporation of India (LIC). It

Read more

LIC Surrender Value After 10 Years Calculator

The surrender value of a LIC insurance policy is the amount that the policyholder will receive if they decide to

Read more
Get Call Back Now
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL