Health Secure Plan from Aviva Life Insurance Company

Overview
Due to the current lifestyle and stress levels, incidents of critical illnesses, especially at younger ages have gone up. One would also be aware that the costs incurred in the treatment of such illnesses are very high. Often, savings are not enough to cover for these expenses which can lead to a compromise in getting the best treatment.

 

Aviva Health Secure is an online health insurance plan that pays a lump sum amount as decided by the policyholder in case (s)he is diagnosed with any of the 12 critical illness and procedures as listed like first Heart Attack, Stroke resulting in permanent symptoms etc.

 

What are the benefits?
Critical Illness: This product provides protection against 12 major critical illnesses by providing a lump sum amount equal to Sum Assured. The illnesses covered are: First heart attack – of specified severity, Stroke resulting in permanent symptoms, Cancer of specified severity, Kidney failure requiring regular dialysis, Major Organ/Bone Marrow Transplant; Open Chest CABG, Benign brain tumour; Open Heart Replacement or repair of heart valves, Motor Neuron disease with permanent symptoms, Multiple Sclerosis with persisting symptoms, Coma of specified severity and Permanent Paralysis of limbs.

 

Death, Surrender or Maturity Benefit: This is a pure health insurance product and hence nothing is payable in case of death, surrender or maturity under this product.

 

Eligibility

• Sum Assured: Rs.5 Lacs to Rs.50 Lacs
• Entry Age: 18 to 55 years (completed years)
• Maturity Age: 28-65 years (completed years)
• Premium Payment: Yearly, half-yearly (Half- yearly Frequency Premium =Yearly Premium X 0.5108)
• Policy Term: to 30 years
• Premium Payment: Equal to the policy term Term
• Rebate on Large: There is a rebate if you opt for Sum Assured a Sum Assured (SA)of 10 lacs and above.

If Sum Assured >=Rs.10 lacs and <Rs.25 Lacs, Rebate is 0.90 per 1000 SA.
If Sum Assured >=Rs.25 lacs, Rebate is Rs.1.50 per 1000 SA.