Aviva Life Shield Plus Policy 2020 HINDI WITH EXAMPLE

Aviva Life Shield Plus
Aviva Life Shield Plus Policy
Aviva Life Shield Plus is a pure term insurance cover which offers high coverage at low premium amounts. No money would be returned to the policyholder in case they survive the term of the policy.

Key Features of Aviva Life Shield Plus Policy
The plan offers high levels of cover at lower premiums.
You get discounts on premiums if the sum assured is higher than 25 lakhs
Lower premium rates apply for women

Death Benefit – The nominee would get entire coverage amount (sum assured) in case of death of the policy holder
Maturity Benefit – Since this is a term insurance plan, there are no maturity benefits. You will not receive any amount if you survive the term of the policy
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C. The death benefit your nominee receives from this plan is exempt from tax under section 10(10D)

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