Home
×

Aviva Live Smart Plan
Aviva Live Smart Plan




ADD
Compare

Aviva Live Smart

1 Details
1.1 Insurance Provider
Aviva India
1.2 Claim Settlement Ratio
1.2.1 Settlement Ratio (2015-16)
71.99%
Rank: 15 (Overall)
1.2.2 Settlement Ratio
LIC Bhagya Laks..
83.00%
Rank: 12 (Overall)
Edelweiss Tokio My Life Plus
1.2.3 Settlement Ratio (2013-14)
LIC New Jeevan ..
84.00 %
Rank: 17 (Overall)
DHFL Pramerica Family Income
1.3 Type
ULIP
1.4 Status
In-force
1.5 Online
28% ULIPs Life insurance plans have it !
1.6 Eligibility
1.6.1 Min Entry Age
AEGON Religare ..
2 years
Rank: 2 (Overall)
Bajaj Allianz Cash Assure
ADD ⊕
1.6.2 Max Entry Age
ICICI Pru Immed..
65 years
Rank: 15 (Overall)
Reliance Classic Plan 2
ADD ⊕
1.6.3 Min Vesting Age
Canara HSBC Sma..
18 years
Rank: 7 (Overall)
Shriram Secure Investment Plan
ADD ⊕
1.6.4 Max Vesting Age
Bharti AXA Life..
80 years
Rank: 7 (Overall)
LIC New Children Money Back Plan
ADD ⊕
1.7 Policy Term
1.7.1 Min Term
Edelweiss Tokio..
15 years
Rank: 13 (Overall)
HDFC Life New Group Unit Linked Plan
ADD ⊕
1.7.2 Max Term
TATA AIA Fortun..
30 years
Rank: 17 (Overall)
HDFC Life New Group Unit Linked Plan
ADD ⊕
1.8 Returns
1.8.1 Min Sum Assured
Aviva Life Shie..
Not Available
Rank: N/A (Overall)
ICICI Pru Immediate Annuity Plan
1.8.2 Min Sum Assured (Variable)
Depends on the Entry age and Policy term
1.8.3 Max Sum Assured
IDBI Federal Lo..
Not Available
Rank: N/A (Overall)
Kotak Gratuity Plus Group Plan
1.8.4 Max Sum Assured (Variable)
Depends on the Entry age and Policy term
1.9 Group Plan
No ULIPs Life insurance plans has it !
1.9.1 Group Type
Not Applicable
1.9.2 NEE Size
Metlife Group T..
Not Available
Rank: N/A (Overall)
Reliance Traditional Group Employee Benefit Plan
1.9.3 EE Size
Metlife Complet..
Not Available
Rank: N/A (Overall)
HDFC Group Term Insurance
2 Premium
2.1 Minimum Premium
2.1.1 Min Premium
Kotak Preferred..
₹ 50000
Rank: 68 (Overall)
HDFC Life Group Credit Protect Insurance Plan
2.1.2 Min Premium (Variable)
Not Applicable
2.2 Maximum Premium
2.2.1 Max Premium
Metlife Traditi..
Not Available
Rank: N/A (Overall)
HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana
2.2.2 Max Premium (Variable)
No Limit
2.3 Payment Options
Regular Pay
2.4 Regular Modes
Annual
2.5 Top Up
Allowed
2.5.1 Top Up Value
Kotak Invest Ma..
₹ 5000
Rank: 4 (Overall)
Pension Plus
3 Loan And Benefits
3.1 Loan
4% ULIPs Life insurance plans have it !
3.2 Surrender
88% ULIPs Life insurance plans have it !
3.2.1 Surrender Value
Not Applicable
3.3 Benefits
3.3.1 Tax
All ULIPs Life insurance plans have it !
3.3.2 Tax Benefit Amount
As per prevailing tax laws
3.3.3 Service Tax
Applicable
3.3.4 Maturity
96% ULIPs Life insurance plans have it !
3.3.5 Maturity Benefit Amount
Fund value + Loyalty Additions
3.3.6 Death
All ULIPs Life insurance plans have it !
3.3.7 Death Benefit Amount
As specified in policy schedule
3.3.8 Annuity
2% ULIPs Life insurance plans have it !
3.4 Bonus
Not Available
4 Provisions
4.1 Renewal
59% ULIPs Life insurance plans have it !
4.1.1 Renewal Period
Bajaj Allianz R..
Not Available
Rank: N/A (Overall)
HDFC Life Group Unit Linked Pension Plan
4.2 Riders
4.2.1 Accidental Death
37% ULIPs Life insurance plans have it !
4.2.2 ADBR Description
As mentioned in the policy.
4.2.3 Critical Illness
7% ULIPs Life insurance plans have it !
4.2.4 CI Description
Not Applicable
4.2.5 Term Rider
1% ULIPs Life insurance plans have it !
4.2.6 TR Description
Not Applicable
4.2.7 Permanent Disability
12% ULIPs Life insurance plans have it !
4.2.8 PD Description
Not Applicable
5 Terms and Conditions
5.1 Grace Period
LIC Jeevan Raks..
30 Days
Rank: 1 (Overall)
HDFC Group Term Insurance
ADD ⊕
5.2 Free Look Period
Mera Term Plan
15 Days
Rank: 2 (Overall)
Reliance Online Term
ADD ⊕
5.3 Exclusion On Base Policy
Accidental Benefit Rider, Suicide Clause
5.4 Charges
5.4.1 Premium Allocation
91% ULIPs Life insurance plans have it !
5.4.2 Premium Allocation Charge
Depends on the premium and the policy year
5.4.3 Policy Administration
96% ULIPs Life insurance plans have it !
5.4.4 Policy Administration Charge
0.1% of the annualized premium per month.
5.4.5 Fund Management
98% ULIPs Life insurance plans have it !
5.4.6 Fund Management Charge
1.25% per annum
5.4.7 Mortality
89% ULIPs Life insurance plans have it !
5.4.8 Mortality Charge
Depends on the age of policy holder.
5.4.9 Switching
Allowed
5.4.10 Switching Charge
Reliance Group ..
₹ 0
Rank: N/A (Overall)
SBI Life Kalyan ULIP Plus
5.4.11 Partial Withdrawal
Allowed
5.4.12 Partial Withdrawal Charge
Kotak Invest Ma..
₹ 0
Rank: N/A (Overall)
Aviva Live Smart Plan
5.4.13 Premium Redirection
Allowed
5.4.14 Premium Redirection Charge
Kotak Invest Ma..
₹ 0
Rank: N/A (Overall)
SBI Life Kalyan ULIP Plus
5.5 Group Members
5.5.1 Addition
Not Allowed
5.5.2 Deletion
Not Allowed
5.6 Medical Examination
63% ULIPs Life insurance plans have it !

Information on Aviva Live Smart

Aviva Live Smart Plan is one of the ULIPs provided by Aviva India. Claim settlement ratio for this insurance company is 83.00%. This policy cannot be bought online. To buy this plan, life insured has to be at least 2 years old as on his last birthday. Maximum entry age for this plan is: 65 years. Vesting age or maturity age for this plan is 18 years. Information on Aviva Live Smart policy term and returns can be found on details.

Payment Options for Aviva Live Smart Premium

Insurance premium is an amount that is paid to the insurance provider at regular or limited intervals or at once. Regular payment means that one pays premium (money you pay in exchange of life cover) throughout the policy term. Limited pay means that one pays premium only for a limited number for years say 3 to 5 years whereas single pay means that you pay premium at once. After maturity of some of the insurance plans, these premiums are returned to you along with additional bonus as policy gains. Aviva Live Smart Plan Premium and gains are ways of investment for the life insured person. Payment options for Aviva Live Smart premium include: Regular Pay.

Aviva Live Smart Gains

Aviva Live Smart gains are the benefits that are available under the insurance policy. You cannot avail loan under this plan. If one is unable to pay premiums, some companies allow surrender of policy. The amount of money that you get back after you surrender your policy is known as surrender value. Aviva Live Smart Plan does not assure guaranteed surrender value. Compare Aviva Live Smart Plan and MET Pension (Par) to know the difference between gains of these plans. Tax benefit is applicable for this plan. When a policy has tax benefit, it means that the premiums you pay for that policy are eligible for deduction in tax returns and so is a part of the money you get at the end of policy term. Maturity benefit is provided by Aviva India. This plan assures death benefit.

Provisions of Aviva Live Smart

Provisions of Aviva Live Smart include riders i.e. special clauses to consider the cases where the policy holder will not be able to pay premium. For example in case the life insured suffers disability due to some accident or in case of demise of the policy holder due to some accident. Special circumstances like the are covered in riders. In such conditions, these riders provide an option for you to surrender the policy and get back the money that you have paid in terms of premiums. Accidental Death is applicable for this plan. Critical Illness is not applicable for this plan. Term Rider cannot be availed under this policy. This insurance plan does not assure Permanent Disability. Riders can sometimes be bought by paying additional premium.

  • Terms and Conditions:
  • Aviva Live Smart Plan Terms and Conditions include grace period, free look period, etc. Grace period is the period where in the policy can be reinstated by paying the unpaid premiums. Grace Period available for this plan is of 30 Days. Free look period is the period where in you can return the policy if you are not satisfied with the terms and conditions of Aviva Live Smart Plan. Free look period available for this plan is of 15 Days.

Let Others Know
×