The only thing which makes life an experience to cherish is the fact that the future is shrouded in an aura of ambiguity. In case future events take a turn for the better, everyone is happy and life per se appears to be rosy and pleasant. However, in case if events turn for the worse, then ambitions, hopes and aspirations take a severe beating.

Chandramouli's life was full of happiness and promises. With a rewarding job in hand, with a loving family back home he could not have asked for anything better. Expecting a life full of happiness and expectations Chandramouli went on his official trip to Delhi. On his trip to Delhi, in a tragic train accident he died. Along with his death ended his dreams, hopes and aspirations. In a matter of sheer extravaganza his wife and daughter had been on a spending spree and had neither saved a single penny nor bothered about making investments. Consequently his wife and daughter were in deep emotional trauma reinforced by a financial crisis. In the case of Chandramouli, life had taken a turn for the worse. Giving due consideration for the uncertainties that life may throw up, it always advisable to be prepared to the best possible extent. It is at this juncture that insurance policies come into picture.

We present the Life Shield plan offered by Aviva Life Insurance Company.

Life Shield plan offered by Aviva provides an invincible shield in the event of any unfortunate unforeseen calamity that befalls the policyholder. This is a low cost life insurance plan which promises to pay the sum assured in the case of the unfortunate death of the policyholder during the term of the policy. In the above case Chandramouli should have taken such a Life Guard policy. In case he had taken such a policy, then the policy would have returned the entire sum assured to the survivors.

• Life Shield is an ideal plan that helps in protecting the family's future. This policy ensures that the family's financial needs are met in case of any unforeseen calamity.
• This policy being a pure term plan provides only a risk cover and hence does not offer any maturity benefit.
• The amount that received is fully exempt from tax.
• Life shield can be purchased for any life between 18 and 55 years of age. The maximum age of the life insured at the expiry of the policy is 65 years.
• The minimum and maximum policy terms are 5 years and 40 years respectively.
• The minimum premium amount is Rs.2,000 while the minimum sum assured is Rs.5,00,000.
• Depending upon the policyholder's changing needs and requirements the sum assured in this policy can be increased (only up to 40 years of age) once by 50% (subject to a maximum increase of Rs.10,00,000) during the term of the policy. This is possible without submitting evidence of good health if
  • The decision to increase the sum assured is taken within 3 months from the date of marriage
  • The decision is taken within 3 months form the birth of the first child This is applicable only when the outstanding the term of the policy is at least 5 years and the policy is in force for the full sum assured.
• A 30 day grace will be given to pay the premium.
• A free look period of 15 days is given along with the policy. The policyholder has the right to review the terms and conditions of the policy and cancel the same within 15 days if the same does not fit his requirements. In the event of cancellation the premium will be refunded.