Aviva Extra Cover is an individual combo insurance plan of Aviva I-Life and Health Secure. It aims to give the benefits of a health insurance policy along with providing the advantages of a life cover. This means you no longer need to buy two different plans. Aviva Extra Cover offers coverage for 12 critical illnesses and secures other aspects of expenditure of your family in case of your sudden demise. Let us understand how this plan works.
Eligibility Criteria
| Particulars | Details |
| Entry Age | 18 – 55 years |
| Maturity Age | Max. 70 years: Term Insurance
65 years: Critical Illness |
| Sum Assured | Min. Rs. 25 lakh: Term Insurance
Rs. 5 – 50 lakh: Critical Illness |
| Policy Term | 10 – 35 years: Term Insurance
10 – 30 years: Critical Illness |
| Premium Payment Term | Same as that of Policy Term |
| Mode of Premium Payment | Annual & Semi-Annual |
Features of Aviva Extra Cover
This is a unique and comprehensive health insurance plan covering 12 major critical illnesses
- It offers a lump sum amount benefit if a policyholder is diagnosed with the illnesses covered under policy
- A free-look period of 30 days is provided to understand the terms and conditions of the plan before taking the decision of continuing with the plan or cancelling the same
- High discounts for high sum assured (of Rs.10 lakh or more)
- Aviva Extra Cover combo plan offers low premium rates to non-smokers
- At the time of death of the policyholder, the plan offers 100% sum assured to the nominee appointed by policyholder at the time of signing up for the plan
- It can be processed online. The process is easy and demands minimum paperwork
Documents Required to Buy Aviva Extra Cover
If a customer applies for the policy, he/she is asked to submit the following documents to the company:
- Identity Proof: Photo identity proof like Passport, Permanent Account Number (PAN) or Driving License of the customer
- Bank Account details of the customer
- Address proof with recent photograph of the customer
- Income and medical examination proof (in some cases)
Claim Process
When it is time to get claim under Aviva Extra Cover, in case of critical illness, hospitalisation, death or disability, you need to inform the insurance company. This can be done by visiting the website, writing a mail, calling at the toll-free number or visiting the nearest branch office. After information, you need to fill in the required claim form, then arrange for appropriate documents. After the scrutiny, the company will decide whether to accept or reject the claim.
Case Where You Can’t Claim Aviva Extra Cover (Exclusions)
- The benefits related to the insurance cover shall nullify if thepolicyholder commits suicide within 12 months of inception of the policy. This condition is also valid for the revived policy. The company is liable to pay only 80% amount of the premiums paid to the nominee of the policyholder.
- Illnesses or conditions suffered by the policyholder before the date of policy initiation are not covered under the plan in the first four initial years of the policy.
- A cooling off period of 6 months is provided to the policyholder during which no claim should be made, if the restoration benefit under the plan are activated, there is if a claim is made during this period of 6 months, the company would not pay any benefit
- A policyholder suffers any of the 12 critical illnesses mentioned in the policy document, and the illness is caused due to:
- alcohol or drugs intake
- participation in any racing event except swimming and athletics
- adverse effect of war or any type of riots
- mental or functional imbalances
- active participation in risky sports like mountain climbing, etc.
- any injury caused for which the policyholder got medical attention or treatment within days before his/her policy reinstated or comes into a fresh start
Advantages of Aviva Extra Cover
Death Benefit: Chosen Sum Assured will be paid to the beneficiary at the event of death of the policyholder while the term is still active.
Critical Illness Benefit: In a situation when the policyholder is diagnosed with any of the 12 critical illnesses described in the plan, the company pays a sum assured to the policyholder, provided that the illness is diagnosed after 90 days of the commencement of the policy.
Tax Benefit: The policyholder can avail tax benefits both for the premium and the returns under Sections 80C, 80D and 10(10D) of the Income Tax Act, 1961.
FAQs
Q1. What are the sum assured rebates that plan offers?
If the sum assured ranges between Rs.10 lakh and Rs.25 lakh, the plan offers a rebate of Rs. 0.90 per Rs.1,000 sum assured. If the sum assured is Rs. 25 lakh and more, the rebate is Rs. 1.50 per Rs.1,000 Sum Assured.
Q2. What are the illnesses covered in this plan?
There are 12 critical illnesses covered under this combo plan, including first heart attack, cancer, open-chest CABG, kidney failure, stroke, bone marrow transplant, etc. The policyholder must go through the policy documents for further details regarding all the critical illnesses.
Q3. How can one get online help regarding information about the plan?
The official website, i.e. https://www.avivaindia.com/ provides almost all the information one needs. You can click on ‘Quick Help’ on the top bar to navigate through various help options.
Online chat is also enabled on the website.
Customers or policyholders can also call at the Toll Free No. : 1800-103-7766 and get instant help.