BimaShastra
Sign In

Compare

Compare Insurance Products

Select up to three products for a detailed side-by-side comparison. Differences are highlighted automatically.

PRODUCT A

Term Insurance · 5–40 years

PRODUCT B

Pension / Annuity · 10–35 years (vesting age dependent)

PRODUCT C

Aviva Life Insurance

Aviva Saral Jeevan Bima Plan

Aviva Life Insurance

Aviva Next Innings Pension Plan

CategoryDIFF

Term Insurance

Pension / Annuity

Company

Aviva Life Insurance

Aviva Life Insurance

Entry AgeDIFF

18–65 years

30–65 years

Policy TermDIFF

5–40 years

10–35 years (vesting age dependent)

Premium Paying TermDIFF

Regular Pay / Limited Pay / Single Pay

Regular Pay / Limited Pay

Premium Modes

Monthly, Quarterly, Half-yearly, Annually

Monthly, Quarterly, Half-yearly, Annually

Death BenefitDIFF

Sum assured paid as a lump sum to the nominee on death during the policy term.

Higher of the sum assured or the fund/premiums-based value, paid to the nominee, as applicable to the plan's non-participating structure.

Maturity BenefitDIFF

None — pure protection plan with no survival benefit.

Guaranteed regular income (pension) begins at vesting, with a lump sum equal to premiums paid also payable at maturity.

Tax BenefitsDIFF

Premiums eligible under Sec 80C. Death benefit tax-free under Sec 10(10D).

Premiums eligible under Sec 80C. Under IRDAI norms, a minimum portion of the vesting corpus must be used to purchase an annuity providing regular income for life.

Loan FacilityDIFF

Not applicable for term plans.

Not available.

Free Look Period

30 days from receipt of policy document for policies bought online, 15 days otherwise.

30 days from receipt of policy document for policies bought online, 15 days otherwise.

Riders Available
None listed
None listed