Aviva Life Shield Platinum

Name: Aviva Life Shield Platinum

Type of policy: Term Policy

For buying policy: Yes

If holding policy: Continue

Term insurance is a fantastic product that every single family needs to have, for its earning member(s). It is a pure life insurance policy that gives your family a cover in case of an eventuality to the bread winner. A single term policy of adequate cover will suffice for entire insurance needs.

We typically recommend an insurance cover of 4-8 times your annual income and for as long a term as is available for your age. Find out the ideal cover for you using this calculator.

Aviva Life Shield Platinum is a pure term insurance plan which is available at low premiums and offers high cover.  This plan has 3 options which can be customized to suit your requirement. You can opt for a pure term cover, an income replacement option for your family or use it for securing your loan. It is always advisable to opt for pure term insurance plan covering all your liabilities. Accidental death and Critical Illness Riders are also provided. But we recommend a standalone critical illness cover as that gives wider range of cover in terms of number of illnesses, renewability and comes at lower premium. Personal accident cover is really an additional expense to be avoided as it covers your life which is already covered by the term policy.

Product features:



Minimum age at entry

18 years

Maximum age at entry

60 years

Minimum Term

10 years

Maximum policy term

52 years or 70 years of age whichever is earlier

Minimum sum assured

Rs 50 lakh

Maximum sum assured

No Limit



Below table shows indicative premiums for a male with a cover of Rs. 50 lakh.


Your age


Indicative Annual Premium

Option A-Pure Term Cover

25 years

25 years

Rs. 6124       

30 years

25 years

Rs. 7360

40 years

20 years

Rs. 13820

50 years

10 years

Rs. 25899

*Exclusive of service tax and educational cess.

Returns: If the insured survives term, no benefits are paid. Insurance should be viewed as an expense rather than investment.  Both function best when handled separately.

Better Alternative:

Online Pure Term Policies.

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