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Aviva i-Shield Plan

What is the Plan all About?

People work hard to provide the best possible lifestyle for his family and they always want to ensure their happiness forever. If you are the sole earning member of the family, you want to keep a financial guard for your family, especially when you’re not there to support them. Aviva i-Shield is a protection-oriented online term plan with return of Premium. By buying this plan, you will be protecting your family against financial setbacks that may happen in the event of your untimely demise. This plan also pays 110% of the total premiums paid, in case you survives at the maturity of the plan.


What are the Key Features?

High protection cover at nominal cost

110% of the premiums paid back as survival benefits, guaranteed

Premium rebate on choosing Sum Assured of Rs. 20 Lacs and above.

Free Medical examination at inception of the policy

Convenience of quick and hassle free buying through internet

What are the Plan benefits?

  • Death Benefit

The amount payable on death is paid higher of any one of the following:

  • 10 times of the annualized Premium
  • 105% of all the Premiums paid (on the date of death)
  • The amount payable on the maturity of the Policy
  • Assured Death Benefit

You nominee is entitled to receive the sum assured in case of your untimely death.

  • If the insured dies within 1st to 10th policy year, assured death benefit is 100% of the sum assured
  • If the insured dies within 11th to 20th policy year, assured death benefit is 110% of the sum assured
  • If the insured dies within 21st to 25th policy year, assured death benefit is 120% of the sum assured
  • Maturity Benefit

110% of the total premiums paid (excluding taxes and additional premiums).

  • Surrender Benefit

Enjoy surrender benefit, provided this plan is in-force at least 3 full policy years. Surrender Value payable is greater of the Special Surrender Value or Guaranteed Surrender Value.

Special Surrender Value = 110% of Premiums paid * Special Surrender Value (SSV) Factor

Guaranteed Surrender Value = GSV factor * sum of Premiums paid till date.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 18 Years 55 Years
Age at Maturity - 65 Years
Policy Tenure 10 Years 25 Years
Premium Paying Term Same as policy term Years
Premium Paying Mode Monthly, Semi Annually & Annually
Sum Assured 15 Lacs Rs. 5 crores (in multiples of Rs.25000, subject to underwriting)
Maturity Proceeds

If you survive till maturity and pay all due regular Premiums, you will receive 110% of all Premiums paid, excluding taxes and extra Premiums, if any.

Plan Type Online

Is any Rider Available with this Plan?

There are no riders benefits  available with this plan.

Premium Illustration

Sample illustration of the Premium Amount for an individual of age 25, 30 and 35 years, opting for a Life Cover of Rs 50 lacs or Rs 1 crore as Sum Assured and 25 years as Policy Tenure.



25 years

30 years

35 years

Sum assured = Rs. 1 crore

Rs. 31,502

Rs. 38,963

Rs. 53,263

Sum assured = Rs. 50 lacs

Rs. 15,751


Rs. 26,632


(Note: Premium amount is for a non smoker individual keeping good health conditions at the time of buying this insurance plan)

Is the Plan, eligible for Tax Benefit?

Aviva i-Shield is eligible for Tax benefits as stated:

  • Premiums paid, qualify for tax benefits as per Section 80C of the Income Tax Act.
  • Death benefit(s) are entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

(Subject to the provision stated therein.)