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    Aviva Life Insurance Company India Limited

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    varun_chd86
    The document summarizes an Aviva Health Plus insurance plan for Mahant Ram Dutt Dass aged 51. It provides life insurance coverage, health benefits like coverage for accidents, critical illnesses, disabilities and hospitalization, as well as guaranteed maturity benefits. These include a death benefit, health benefits payable for accident/illness, and a guaranteed maturity payout that exceeds total premiums paid. The plan offers tax benefits and protects against financial loss due to illness or accident over the 15-year term.

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    Aviva Life Insurance Company India Limited

    Uploaded by

    varun_chd86
    211 views3 pages
    The document summarizes an Aviva Health Plus insurance plan for Mahant Ram Dutt Dass aged 51. It provides life insurance coverage, health benefits like coverage for accidents, critical illnesses, disabilities and hospitalization, as well as guaranteed maturity benefits. These include a death benefit, health benefits payable for accident/illness, and a guaranteed maturity payout that exceeds total premiums paid. The plan offers tax benefits and protects against financial loss due to illness or accident over the 15-year term.

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    The document summarizes an Aviva Health Plus insurance plan for Mahant Ram Dutt Dass aged 51. It provides life insurance coverage, health benefits like coverage for accidents, critical illnesses, disabilities and hospitalization, as well as guaranteed maturity benefits. These include a death benefit, health benefits payable for accident/illness, and a guaranteed maturity payout that exceeds total premiums paid. The plan offers tax benefits and protects against financial loss due to illness or accident over the 15-year term.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    211 views3 pages

    Aviva Life Insurance Company India Limited

    Uploaded by

    varun_chd86
    The document summarizes an Aviva Health Plus insurance plan for Mahant Ram Dutt Dass aged 51. It provides life insurance coverage, health benefits like coverage for accidents, critical illnesses, disabilities and hospitalization, as well as guaranteed maturity benefits. These include a death benefit, health benefits payable for accident/illness, and a guaranteed maturity payout that exceeds total premiums paid. The plan offers tax benefits and protects against financial loss due to illness or accident over the 15-year term.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 3
    At a glance
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    The document discusses an insurance policy called Aviva Health Plus that provides life insurance, health insurance, and maturity benefits while also offering tax benefits.

    The policy provides death benefit, accidental death and disability benefit, sickness-only total permanent disability benefit, critical illness benefit, surgical cash benefit, and hospital cash benefit. It also provides a guaranteed maturity benefit.

    The health benefits covered include accidental death and disability, sickness-only total permanent disability, critical illness, surgical cash benefit, and hospital cash benefit.

    Aviva Life Insurance Company India Limited

    Benefit Illustration

    Aviva Health Plus


    Proposal Name :Mahant Ram Dutt Dass
    Age of the Life Insured : 51
    Product Features

    1. Name of the Product: Aviva HealthPlus


    2. Unique Identification No.: 122H52149
    3. Date of Quotation: 11/10/2010

    4. Sum Assured :

    Benefits Guaranteed Sum Maximum Benefit


    Assured
    3,50,000
    Death Benefit 2,50,000
    (One time benefit)
    3,50,000
    Accidental (Payment for disability suffered as a result of
    Death and 2 different accidents is possible, where the
    2,50,000
    Disability Accidental Death & Disability Benefit pays
    Benefit out 50% of the Sum Assured for disability
    suffered as a result of each accident)
    Sickness-Only
    3,50,000
    TPD (STPD) 2,50,000
    (One time benefit)
    Benefit
    Critical Illness 3,50,000
    2,50,000
    (CI) Benefit (One time benefit)
    3,50,000
    Surgical Cash Max Annual Benefit: 1,75,000
    2,50,000
    Benefit (SCB) (Multiple benefits for different surgeries is
    possible)
    General/Special ward
    :Fixed benefit of
    180 days of Hospitalisation for the entire
    Hospital Cash Rs.1,750 per day
    Premium Payment Term
    Benefit
    60 days of Hospitalisation in a Policy Year
    ICU:Fixed benefit of
    Rs.3,500 per day

    5. Guaranteed Maturity Benefit: Rs. 140,385


    6. Policy Term: 15 Years
    7. Premium Paying Term: 1
    8. Frequency of Premium Payment: Annual
    9. Premium: Rs. 25,000
    10. Service Tax: Rs. 1,483

    Illustration

    Regular Annual Premium: Rs. 26,483


    Maturity Value: Rs. 140,385

    Policy Mortality Service Health Service Base Total Maturity


    Duration & Savings Tax on Premium Tax on Premium Service Benefit
    (Years) Premium Mortality Health Tax
    & Savings Premium payable
    Premium
    1 22,887 236 12,113 1,248 25,000 1,483
    2 22,887 236 12,113 1,248 25,000 1,483
    3 22,887 236 12,113 1,248 25,000 1,483
    4 22,887 236 12,113 1,248 25,000 1,483
    5 22,887 236 12,113 1,248 25,000 1,483
    6
    7
    8
    9
    10 140,385

    Note

    • Sickness-only TPD (STPD) Benefit, Critical Illness (CI) Benefit, Surgical Cash Benefit (SCB)
    and Hospital Cash Benefit (HCB) are available till the premium payment term only.
    • Death Benefit (DB) and Accidental Death & Disability (AD&D) are available during the entire
    Policy term.
    • Service Tax and Education Cess are subject to change as per Tax Laws.
    • Some benefits are guaranteed and some benefits are variable with returns based on the future
    performance of your life insurance company. If your policy offers guaranteed returns then these
    will be clearly marked 'guaranteed' in the illustration table on this page. If your policy offers
    variable returns then the illustration on this page will show two different rates of assumed future
    investment returns. These assumed rates of returns are not guaranteed and they are not the upper
    or lower limits of what you might get back as the value of your policy as it is dependant on a
    number of factors including future investment performance.
    • This document is for illustration purposes only. For more details on risk factors, illness covered,
    exclusions and terms and conditions please read sales brochure carefully before concluding a
    sale
    • Insurance is the subject matter of the solicitation.
    Overview

    Aviva Health Plus is a health cum savings plan that provides a cover on life, accidents, critical illnesses,
    disabilities, surgery and hospitalization, while guaranteeing the return of a part of the premium on
    maturity through:

    • Provision of a Life Cover (Sum Assured) on death


    • Additional protection against accidental death and disability
    • Coverage against Total Permanent Disability due to sickness
    • Coverage against 18 critical illnesses
    • Protection against 37 major surgeries
    • Cash payout in case of Hospitalisation
    • Guaranteed maturity benefit, even if all health benefits have been claimed

    What am I going to get?

    • Death Benefit: Full life cover is payable, irrespective of the health benefits
    already paid. The policy stands terminated after the death benefit is paid.
    • Maturity Benefits: At maturity, you receive a Guaranteed Maturity Benefit,
    depending upon your age at entry. Guaranteed Maturity Benefit excceeds the total base
    premiums paid .
    • Health Benefits:
    • Accidental Death and Disability Benefit (ADD)
    • Sickness-only Total Permanent Disability (STPD)
    • Critical Illness (CI) benefit
    • Surgical Cash benefit (SCB)
    • Hospital Cash benefit (HCB)

    For details, refer to the product brochure

    • Tax Benefits: The policy offers Tax benefits under Section 80D, Section 80C and
    Section 10(10D) of the Income Tax Act, 1961. Tax laws are subject to change

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