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Protection Plans Aviva Extra Cover - A combo plan

Synopsis:

Life today is full of uncertainties. To ensure our family is secure, in case something unfortunate happens to us, we need adequate life cover. But this is not enough. There are unforeseen risks that we often choose to ignore. The increasing health challenges posed by our high pressure sedentary lifestyle can turn into critical illnesses. Hence, it is important to leave nothing uncovered. Aviva Extra cover is a unique combination of Aviva i-Life and Aviva Health Secure that gives you comprehensive protection with a life cover at nominal cost, and pays you a lump sum on diagnosis of 12 critical illnesses.

Features:

100% Sum assured as lump sum on death – Covers all forms of death only exclusion is suicide within one year
Cover for 12 major critical illness
A hassle-free online application process, without any tedious paperwork
A 30-day Free-Look period to review detailed terms and conditions
High Sum Assured Discounts
Low premium rates for non-smokers for life cover

Benefits:

Death Benefit:
In case of your unfortunate death during the policy term, the Sum Assured will be paid to the beneficiary in your family to take care of their future needs.
Critical Illness Benefit:
The Sum Assured will be paid in case of diagnosis of any of the 12 major critical illnesses covered under the product.
The premium for Critical Illness cover will not change for the first five years. However, the premium will be reviewable every five policy years at the policy anniversary, after approval from the IRDA of India. Such review of premium rates will be performed by the Company at the beginning of the calendar year and premium rates after review would only be applicable for the contracts for which the review falls due in that year.
Only conditions described as critical illness in the Aviva Health Secure brochure are covered under this policy. Sum Assured is payable, provided the life insured survives for 30 days after the diagnosis of critical illness. A policyholder can claim at the first diagnosis of any critical illness, provided the critical illness has been diagnosed after 90 days of the policy commencement date or the date of reinstatement.
Maturity Benefit:
No maturity benefit is payable under this product combination.

Eligibility:

Minimum Entry Age (last birthday)	18 years
Maximum Entry Age (last birthday)	55 years
Maximum Maturity Age (last birthday)	70 years for term insurance 65 years for critical illness cover
Minimum Sum Assured	Rs. 25 Lac for term insurance Rs. 5 Lac for critical illness cover
Maximum Sum Assured	No limit, subject to underwriting for term insurance Rs. 50 Lac for critical illness cover (includes cover taken for other critical illness policies with Aviva)
Policy Term	10-35 years for term insurance 10-30 years for critical illness cover
Premium Payment Term	Equal to policy term
Premium Payment Mode	Yearly and Half Yearly

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