The cheapest online term plan in India available for you: Aviva i-Life
The cheapest online term plan in India available for you: Aviva i-Life
Aviva India has launched an online term insurance plan called i-Life, the cheapest online term plan in India. i-Life offers a minimum cover for Rs 25 lakh with no upper limit and a maximum term of 35 years.
With e-commerce domain growing at a fast rate, the online insurance segment in India is also picking up. Online as a medium has a lower distribution cost.
The biggest advantage of buying an online plan is that it is very cost effective and the process is fairly simple. One thing that should be kept in mind that the cover and claim settlement depends on the authenticity and accuracy of the information given when buying the plan.
Here are some salient features of i-Life:
- It is a pure Term Insurance Policy with Death Benefit only and no Maturity Benefit.
- Exclusively available on the internet for an online purchase and only available in select cities
- An additional rebate for female lives of 5% on the tabular premium rates for male lives
- There is a rebate for large Sum Assured.
- I-T Benefits on life insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C
- Low Premiums.
You can know more about Aviva i-Life here
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