What is Aviva Life 70 Lakh Term Insurance
Aviva Life 70 Lakh Term insurance is a straightforward and affordable type of life insurance. It provides a death benefit of Rs.70 Lakh to the beneficiaries if the policyholder passes away during the policy term.
What are the Key Features of Aviva Life 70 Lakh Term Insurance?
Aviva Life’s 70 Lakh Term Insurance offers several features designed to provide comprehensive financial protection:
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High Coverage at Competitive Premiums: The term insurance plan offers a substantial coverage amount of ₹70 lakhs, ensuring that your family is financially secure even if you are no longer around. The premiums are competitive, making it an affordable option for most individuals.
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Flexible Policy Term Options: Aviva Life offers flexibility in choosing the policy term, typically ranging from 10 to 40 years, allowing you to align the coverage with your specific financial goals and responsibilities.
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Multiple Payout Options: The plan provides options for how the death benefit is paid out, whether as a lump sum, monthly income, or a combination of both, offering flexibility based on your family’s needs.
How to Choose the Right Term Insurance Plan?
Choosing the right term insurance plan involves
Consider factors like the coverage amount, policy term, premium affordability, and any additional riders that may enhance your coverage. Consulting with a financial advisor can help you make an informed decision that aligns with your financial goals.
What is the Process of Buying Aviva Life 70 Lakh Term Insurance?
Buying Aviva Life Insurance 70 Lakh Term Insurance is a straightforward process through Policybazaar:
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Step 1: Assess Your Needs: Determine how much coverage you need based on your financial obligations, lifestyle, and future goals.
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Step 2: Compare Plans: Look at different term insurance plans, considering the features, benefits, and premium costs.
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Step 3: Apply Online: You can easily apply for the policy online through Aviva’s website. The process is simple and paperless, saving you time and effort.
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Step 4: Medical Examination: If required, undergo the medical examination as per the insurer’s guidelines.
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Step 5: Policy Issuance: Once the application and examination are complete, the policy is issued, and you are covered from the start date.
Wrapping Up
Aviva Life’s 70 Lakh Term Insurance Plan offers a robust and affordable way to ensure that your family’s financial future is secured. With its high coverage, flexible options, and additional riders, it provides a comprehensive solution tailored to your unique needs. By understanding the features and benefits, and assessing your financial goals, you can make an informed decision to protect your loved ones with this term insurance plan.
Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.