Aviva Life Insurance Company India Limited
Aviva Saral Jeevan Bima
IRDAI-MANDATED standardized term plan from Aviva Life. Designed for low-income / first-time buyers. Aviva acquired by Indian Investor Group in 2024.
UIN 122N131V01We don't sell this — we'll still recommend if it fits
The dealbreaker fields (term life)
Sum assured (max)
₹25 lakh
Claim settlement (CSR)
96.5%
Claims TAT
[object Object] days
Suicide exclusion
12 months
Payout options
Lumpsum
Premium payment
Single Pay · Regular Pay · Limited Pay 5 years +1
Policy term
5–40 yrs
Surrender value
no
Free look
30 days
What this plan does well
- IRDAI-MANDATED standardized product
- LOW-INCOME entry: Min SA ₹5 Lakhs
- Coverage up to age 70
- 4 PPT options: Single/Regular/Limited 5-yr/10-yr
- Death Benefit highest of: 10x AP / 105% TPP / SA
Watch out for
- 45-day WAITING PERIOD — DEALBREAKER NEGATIVE
- Max SA only ₹25 Lakhs
- NO RIDERS allowed
- Lumpsum payout only
- Identical across all insurers
- Aviva ownership change uncertainty
Is this the right plan for you?
Run the 30-second cover calculator. We'll tell you whether this plan, or a different one, is the better fit.
Find my right cover →We don't directly sell this plan today. If our verdict says this is your best fit, we'll point you to a broker who does — and tell you our paired listed alternative so you can decide.