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  • Aviva Extra Cover - A Combo 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

    The Aviva Extra Cover is a combination of two specific insurance products designed by the Aviva Life Insurance Company. These are Aviva Health Secure insurance policy and Aviva i-Life insurance policy. An individual can avail the option of buying one or more products according to his/her convenience and choice. However, it is not compulsory for the customer to buy the combination of these plans. They can also be bought separately. It is advisable that the customers clarifies all his/her doubts before choosing the right combo of plans.

    Eligibility – Who is the Aviva Extra Cover for?

    In order to buy the Aviva Extra Cover, a customer has to fulfil certain eligibility criteria with respect to his/her age and the amount of insurance he/she seeks. These conditions are as shown below:

    Parameters Criteria for Eligibility
    Minimum age at entry 18 years
    Maximum age at entry 55 years
    Maximum age at maturity (term insurance) 70 years
    Maximum age at maturity (critical illness cover) 65 years
    Term of the policy (term insurance) 10 years to 35 years
    Term of the policy (critical illness cover) 10 years to 30 years

    Sum Assured and Premium Range – What you get and what it costs

    Sum Assured – It is the amount that the policyholder get upon maturity of the policy. In case of unfortunate demise of the insured person, the sum assured is paid out to the nominee or beneficiary of the policyholder. Under the Aviva Extra Cover combo plan, the minimum sum assured for term insurance stands at Rs.25 lakh and for critical illness cover it is Rs.5 lakh. The maximum sum assured for critical illness cover is Rs.50 lakh.

    Minimum sum assured (term insurance) Rs.25 lakh
    Maximum sum assured (term insurance) No limit
    Minimum sum assured (critical illness cover) Rs.5 lakh
    Maximum sum assured (critical illness cover) Rs.50 lakh

    Premium – It is the amount paid by the policyholder to the insurer in order to keep his/her plan active and running. The premium payment modes that can be availed under this plan are half-yearly and yearly. The premium payment term is equivalent to the term of the policy.

    *Premiums may vary depending upon factors like age, term of the plan, location and applicable taxes/GST.

    Plan Coverage – What the Aviva Extra Cover combo plan covers

    Death Benefit In case the policyholder encounters death in an unfortunate event while the policy is still active, the beneficiary or nominee of the insured person receives the death benefit.
    Critical Illness Benefit In case the insured person is diagnosed with any of the twelve critical illnesses mentioned under the plan, he/she will be allowed to avail the sum assured. The premium, however, does not change for the first 5 years.

    Riders / Add-on Plans – Additional coverage under the Aviva Extra Cover combo plan

    Riders or Add-on Plans can be availed by the policyholder under the Aviva Extra Cover combo plan. Please, contact the insurer for more information.

    Exclusions – What the Aviva Extra Cover combo plan does not cover

    Suicide Exclusion – In case the policyholder commits suicide within a period of 12 months from the date of revival of the policy or commencement of the policy, no benefits are payable under the plan.

    Other Key Features

    Application process The policyholder can enjoy a hassle free application process for this plan.
    Free look period A free look period of 30 days can be availed under this plan
    Premium rates Policyholder can enjoy lower rates of interest if the insured is a non-smoker.

    Tax Benefits – How you can save under the Aviva Extra Cover combo plan

    Tax benefits can be availed by the policyholder under the prevailing tax laws under the Aviva Extra Cover combo plan.

    Why you should buy the Aviva Extra Cover combo plan from Aviva?

    The Aviva Life Insurance Company is one of the leading insurance solution providers in India. This company is a joint venture of Aviva International Holdings Limited and Dabur Invest Corporation. The insurance solutions offered by this company comes with great benefits and features. They are designed to meet the changing requirements and needs of the customers. The Aviva Extra Cover combo plans allows the policyholder to choose the best of both plans that suit their needs properly.

    *The customer reviews/feedback/opinions expressed on this website are solely of their authors and do not reflect, in any way, the view of BankBazaar Insurance.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.