With its affordable premiums and extensive coverage, it’s a top choice for securing your family’s financial future.
What is Aviva Life 75 Lakh Term Insurance?
Aviva Life 75 Lakh term insurance is a comprehensive risk protection plan designed to deliver financial security with a sum assured of 75 lakhs. This policy serves as an important safety net for the policyholder's family, offering peace of mind by providing a lump sum payout in the event of the policyholder's untimely demise within the policy term. The payout can cover outstanding liabilities, and maintain the standard of living of the policyholder’s family, thereby, ensuring that they are safeguarded against unforeseen financial hardships in the near future.
Highlights of Aviva Life Insurance
You should buy Term Insurance from Aviva Life Insurance because of it’s high Claim Settlement Ratio (CSR) and solvency ratio throughout the financial year. Here are the details:
Aviva Life Insurance Highlights |
Aviva Life Insurance Claim Settlement Ratio (CSR) |
98.75% (FY 2023-24) |
Aviva Life Insurance Solvency Ratio |
1.85 (FY 2023-24) |
What are the Benefits of Buying Aviva 75 Lakh Term Insurance?
Here are some of the key benefits of buying the Aviva Life Term Insurance plan for 75 Lakh life cover:
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Budget-Friendly Coverage: The 75 Lakh term insurance plan by Aviva Life Insurance is affordable, providing basic term plan benefits at lower premiums.
*Note: Result for 18-year old male buying Aviva 75 Lakh term plan for 20 year policy term.
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Added Protection: The Aviva 75 Lakh term insurance plan also includes additional benefits through riders, offering protection for risks like accidental death benefit, terminal illness benefit, critical illness benefit, and waiver of premium benefit.
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Financial Support for Your Family: Aviva 75 Lakh term insurance plan provides Rs. 75 Lakh to cover expenses like loans, debts, and daily costs if you pass away.
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Easy Online Purchase: Buy the 75 Lakh term insurance plan offered by Aviva Life Insurance easily through Policybazaar, avoiding branch visits and long lines.
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Flexible Payouts: Choose to receive the death benefit of the Aviva 75 Lakh term insurance plan as a lump sum or monthly payments to suit your family’s needs.
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Tax Benefits: Claim tax advantages under sections 80C and 10(10D) of the Income Tax Act, 1961.
*Note: You can use the term insurance calculator for estimating your term insurance premium. You can also use the HLV Calculator to find out the most suitable life cover for your family’s security.
How to Purchase Aviva Life 75 Lakh Term Insurance?
Here is how you can buy Aviva Life 75 Lakh Term Insurance in India online:
Step 1: Visit the official website of Policybazaar
Step 2: Click on Term Insurance
Step 3: Enter personal details, like your name, DOB, and contact number
Step 4: Click on ‘View Plans.’
Step 5: Answer questions about smoking, income, occupation, and education
*Choose 75 Lakh as your coverage
Step 6: Select Aviva Life Term Insurance plan from the list of options available
Step 7: Complete the purchase by paying with your preferred method
Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.