The Aviva Heart Care Plan is a tiered benefit cardiovascular product which pays a sum of money incase of any heart related conditions or procedure. It also aims to financially help not only you but your spouse too in case he/she is diagnosed with any cardio related condition. This particular plan covers upto 19 heart related conditions and procedures and ensures that all your hard earned savings remain safe and provides you monetary help. This plan provides discount on large sum assured and also makes you eligible for various tax benefits.
The eligibility criteria for this particular plan are given below:
|Parameters||Criteria for eligibility|
|Minimum age at entry||28 years|
|Maximum age at entry||65 years|
|Minimum age at maturity||38 years|
|Maximum age at maturity||75 years (subject to a maximum policy term of 25 years)|
*Ages mentioned above are as on the policyholder’s last birthday.
Sum Assured is the minimum amount the insurer will pay to the insured. The sum assured won’t contain any benefits or bonuses the individual might be entitled to. All the relevant information regarding sum assured for this plan is given in the table below:
|Minimum Sum Assured||Rs.10 lakh|
|Maximum Sum Assured||Rs.50 lakh|
Premiums to be paid will be decided at the beginning of the policy. The premium payable will be based on the sum assured, policy term and the premium payment term. All the relevant information on premiums for this plan is given in the table below:
|Minimum Policy Term||10 years|
|Maximum Policy Term||25 years (subject to maximum maturity age of 75 years)|
|Premium Payment Term (PPT)||Same as Policy Term|
|Premium||Premium payable will depend on the age of the insured, sum assured and the policy term.|
|Premium Payment Frequency||Yearly, Half Yearly and Monthly|
* Premiums will vary based on age, location, plan term, GST, and other factors.
|Death Benefit||There is no death benefit available under this plan.|
|Maturity Benefit||There is no maturity benefit available under this plan.|
|Surrender Benefit||There is no surrender benefit available under this plan.|
However, certain conditions are covered under this plan. They are:
There are no riders or add-on plans.
There are various exclusions covered under this plan. They are:
|Grace Period||A grace period of 30 days is provided if premium payment mode is yearly or half-yearly. 15 days if the premium payment mode is monthly.|
|Free Look Period||A free-look period of 15 days is provided.|
|Revival||A lapsed policy can be revived within 2 years of the last date of the first unpaid premium.|
|Nomination||Nomination is allowed under Section 39 of the Insurance Act, 1938.|
|Assignment||Assignment is allowed under Section 38 of the Insurance Act, 1938.|
You will be eligible for tax benefits as per this plan under Income Tax Act, 1961. Since, Income Tax laws are subject to change, it is advisable to consult a tax advisor before making any tax related decisions.
Aviva Life Insurance provides you with various other benefits apart from the policy benefits you will be entitled to.
The Aviva Heart Care Plan is a tiered benefit cardiovascular product which provides you with a certain sum of money incase you or your spouse is diagnosed with any heart related condition or if a certain procedure/surgery is required. It covers upto 19 heart related conditions and procedures. Getting any heart related conditions fixed can be an expensive affair and hence the lump sum payment helps you in taking care of your family from a financial point of view. You are also eligible for various tax benefits under this plan as well.
India is also known to be the ‘Cardiovascular disease capital’ of the world and hence it is important to have a tool in place to take care of you monetarily incase you or your partner has any heart related problem.
Aviva Life Insurance is a joint venture between Aviva International Holdings Limited and Dabur Invest Corp, two of the oldest financial institutions functioning today. They are one of the topmost insurers in the country today and has a variety of products to offer based on an individual’s financial requirements. They boast of an extensive customer care support service which has catapulted Aviva’s image to be one of the best when it comes to taking care of their customers. Thus, they have 100% success rate in addressing their consumers’ grievances. They are the recipient of various awards which only goes on to establish their stature as one of the top insurance companies in India.
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