• Aviva Credit Plus Rural Credit Protection Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    Offering financial protection for a family following the death of the breadwinner or group member enrolled, Aviva Life Insurance has rolled out the Aviva Credit Plus Rural/credit protection plan. The Aviva Credit Plus Rural/credit protection plan is a group term insurance plan that grants protection against loan liability in case of untimely death of the group member.

    Eligibility - Who is the Aviva Credit Plus Rural/credit protection plan for?

    To be eligible for the Aviva Credit Plus Rural/credit protection plan, group members have to meet certain criteria with regard to their age.

    Parameters Details
    Minimum Entry Age 18 years
    Maximum Entry Age 50-55 years (depending on the group profile)

    Sum Assured and Premium Range - What you get and what it costs?

    Sum Assured: The maximum sum assured for the Aviva Credit Plus Rural/credit protection plan is Rs.50,000.

    Premium: The premium depends on the average age of the group, the size of the group and the occupation of the group. Policyholders can pay the premiums either annually, half-yearly, quarterly or monthly.

    Parameters Details
    Sum Assured Rs.50,000 (maximum)
    Policy Term 1 year (renewable)
    Premium frequency Annual, half-yearly, quarterly or monthly

    Plan Coverage - What the Aviva Credit Plus Rural/credit protection plan covers?

    The Aviva Credit Plus Rural/credit protection plan comes with death benefits.

    Death benefit In case of untimely death of the group member, the nominee of the group member will be entitled to a greater of the sum assured - depending on the outstanding loan dues of the deceased group member.

    Tax Benefits – How you can save with the Aviva Credit Plus Rural/credit protection plan?

    In accordance with the Income Tax Act 1961, policyholders of the Aviva Credit Plus Rural/credit protection plan can avail tax benefits under:

    • Section 80C of the Income Tax Act, 1961, for the premium contributions made towards the scheme.
    • Section 10 (10D) of the Income Tax Act, 1961, for proceeds from death benefits.

    Other Benefits – How you can save with the Aviva Credit Plus Rural/credit protection plan?

    • Policyholders can purchase the Aviva Credit Plus Rural/credit protection plan online on the Aviva Life Insurance website.
    • Customers can go through the details of the plan and decide if it suits their company or not.
    • Payments for Aviva Credit Plus Rural/credit protection plan can be made through the following channels:
      • Bill Junction - Customers can login to Bill Junction and make premium payments.
      • e-Wallets - Premium payment can be done through e-Wallets such as iCashCard, Money, ITZCash, Jio Money, Oxigen, PayCash, and Idea Money.
      • Netbanking - Customers can pay premiums through the net banking facility offered by their banks.
      • Credit cards - American Express, Visa, Maestro, MasterCard, and Diners Club cards are accepted.
      • Debit cards - Visa, Maestro, MasterCard, and RuPay cards can be used to make online payments.

    Why you should buy the Aviva Credit Plus Rural/credit protection plan from Aviva Life Insurance?

    The Aviva Credit Plus Rural/credit protection plan offers financial protection to families when they need it the most. Following the death of the group member enrolled in the Aviva Credit Plus Rural/credit protection plan, the plan offers coverage for any pending loan dues - giving financial stability to the family of the deceased when they need it the most.

    Aviva India Life Insurance currently has over 32 million customers from 16 different countries since its inception in 2002. Aviva India Life Insurance recorded a 82% claim settlement ratio, making them one of the most reliable insurers in the country in this regard. To the satisfaction of their customers, Aviva India Life Insurance has a variety of insurance products on offer - from life to health to protection plans and so on - ensuring that customers across the country have a plethora of products to choose from, one that suit their financial status and need.

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