Aug 14, 2016 01:06 AM
90253 Views
Hello everyone, today I am going share my views on Aviva Life Insurance.
The name of the term plan of this company is Aviva i-Life, let me tell you some details of this plan.
The Aviva i-Life covers death by any reason, let's take an example, if a 30 year old healthy male person(non-smoker) take this plan for the next 30 years, choosing the sum assured of 1 Crore then it will come at an investment of 7, 500 something per year.In case of any unfortunate event like death during the term period, so the nominee will get 1 Crore.
Minimum sum assured you can take upto 25 lakhs and the minimum age required is 18 years and the maximum age is 55years.
The reason why not to go for this plan is its entry age, another companies were giving at 65 also and the maximum policy term for Aviva is 35years and for others are 45-50 years.
There is no riders available in this plan and the main reason is it's claim settlement ratio.
The claim settelement ratio of Aviva Life Insurance is 82% which is very low as compared to another companies in the market. When the claim settlement is low so for what purpose we are taking the policy when the claim is not settled our family will not get anything in our absence.
