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Aviva Protection Plus

Investing in a Term Plan?

Then, why not invest in a plan that's


Introducing Aviva Protection Plus

A Term that comes with Life Cover and Return of Premiums*

*Return of Total premiums paid up till maturity upon survival exculding taxes/fees if any.
Aviva Protection Plus is a Non-Linked Non-Participating Individual Savings Life Insurance Plan (122N142V01). T&C apply. AN: Sep 17/22

Aviva Protection Plus

Term insurance is the most preferred choice of plan amongst people as it offers flexibility and affordability. A simple plan offering financial coverage for a certain period is suitable for almost everyone. However, if you are looking for something beyond a term insurance plan, Aviva brings you the Term Plan with a Return of Premium option.

Aviva Protection Plus plan gives you the opportunity to select the financial protection most suited to your profile through a choice of the combinations of the Basic/Additional Death Sum Assured and the Maturity Sum Assuredat the inception of the policy.

  • Enriched Protection Option    
    With this option, you can get enhanced life insurance protection coverage, and a return of Total Premiums Paid# for Basic Death Sum Assured (excluding taxes and extra premiums, if any) in case the insured survives till maturity.
  • Savings Booster Option    
    The Savings Booster option offers life insurance coverage throughout the policy term, and a return of the total premiums (excluding taxes and extra premiums, if any) paid on survival until policy maturity. The proportion of the return of premiums at maturity could be 110%, 120%, and 125% (excluding any amount paid as extra premium and taxes) as per the option selected by the policyholder.
  • Rebate for high Sum Assured    
    A policyholder can enjoy a rebate on his/her premium for certain higher levels of sum Assured opted by him/her.



Anyone with a savings account between 18 and 50 can participate in Aviva Pradhan Mantri Jeevan Jyoti Bima Yojna through Aviva Life Insurance. Even if an individual possesses many bank accounts, they can only enroll in this program through one savings bank. To receive the advantages of this plan, you must have an Aadhar card linked to your linked bank account.

Entry Age Minimum: 20 years last birthday for EPO and SBO     
Maximum: 60 years last birthday for EPO 65 years last birthday for SBO
Maturity Age Minimum: 35 years last birthday for EPO and SBO     
Maximum: 75 years last birthday for EPO 80 years last birthday for SBO
Policy Term & Premium Paying Term Minimum Policy Term: 15 Yrs      
Maximum Policy Term: 50 Yrs      
Premium Paying Term :      
Regular same as Policy Term: Single      
Single Premium option is available with Savings Booster Option only

The fact that makes people rethink about term plans is that the pure term plans offer only death benefits and do not provide anything back if the insured survives the policy term. Term insurance plan with return of premium is an impressive insurance product where a policyholder can have survival benefits and get back total premiums paid under the plan (except taxes and extra premiums, if any). The Assured Sum is paid out to the nominee in case of death during the term.

Top Features of the Best TROP

  1. Cost-friendly - Though TROP may be a little more expensive as compared to a regular term plan. But the overall benefits, returns of premiums paid, and tax benefits make it very affordable.
  2. Options for paying the premium - As an insured, you can select the suitable sum assured under a term plan with ROP. Moreover, you can also choose the premium payment option, such as
    • One-Time Payment
    • Regular Pay - (Monthly, Quarterly, Half-Yearly and Yearly)
  3. Surrender Value - After buying the TROP, if a policyholder stops premium payments or surrenders the plan, the policyholder will get a surrender value depending on the option of premium payment chosen.

5 Easy Steps to Buy Aviva Protection Plus

  1. Select the nature of protection required -
    • Enriched Protection Option
    • Savings Booster Option
  2. Select the level of protection you want
  3. Choose the period for which you want protection
  4. Pick the Premium frequency
  5. Work out the premium payable along with our Financial Planning Advisor

And that’s it. 
You now have a financial shield with the best term life insurance with a return of premium - Aviva Protection Plus.

What are you waiting for then? End your search for the best term insurance with the return of premium with Aviva now and ensure the happiness and security of your loved ones!

Safeguard your near-dear ones and get your premiums paid back by choosing Aviva protection plus plans.


AN Sep 69/22

UIN: 122N142V01

Frequently Asked Questions - Aviva Protection Plus

In general, term insurance plans come in 2 variants-

  • Pure term insurance plan
  • TROP(Term Plan with Return of Premium)

A term plan with a return of premium is essentially the same as a traditional term plan. The feature that sets TROP apart is the maturity benefit available with it. Depending on the plan you select, you can get all the premiums back either on the completion of the term or before the completion of the policy term. In simple words, a regular term insurance plan is a pure protection plan. In a regular term insurance plan, the insurance coverage is offered only as the death benefit. There are no payments in addition to the sum assured. Whereas TROP, the policyholder gets insurance coverage as the death benefit along with survival benefit in case the insured survives the policy term. The policyholder will receive all the premiums paid over the policy tenure.

TROP is an ideal choice if you are looking for life insurance with assured returns. With term insurance with return of premiums, you can get all the benefits of a regular term insurance plan along with survival benefits.

Here are the top benefits of buying a TROP -

  • ROP Benefit
    Term insurance plans don’t offer any maturity or survival benefits. In the case of term insurance with return of premium, a policyholder can stay reassured. If the policyholder survives the policy term, he/she can get back all the premiums with a term insurance plan with ROP benefit.
  • Death Benefit
    The primary purpose of a standard insurance plan or term plan with a return of premium is life cover. A policyholder can have a financial shield over his/her family against uncertainties. Comprehensive coverage at affordable rates can be availed by adding optional riders to cover critical illness, accidental death, accidental disability, etc.
  • Tax Benefits
    Investing in a term plan with a return of premium makes a policyholder eligible for reducing tax liabilities. Tax benefits can be availed as per the prevailing tax laws under Sections 80C and 10 (10D). A tax deduction of up to Rs. 1.5 lakhs on the premiums paid for a term plan with return of premium can be availed.

The rising living expenses and life responsibilities make it essential to manage and invest money effectively. Insurance products offer an excellent opportunity to secure your life as well as build wealth.

Term plan with return of premium option offers a financial shield along with additional benefits such as waiver of premium, disability benefit, accidental death benefit, and critical illnesses. Investing in TROP gives you a sense of overall protection for yourself and your near-dear ones.

  • One of the most trustworthy brands
  • Impressive claim settlement ratio
  • Fast claim approval
  • Flexibility to choose the nature and level of protection

We are always there to assist you

AN Sep 69/22 UIN: 122N142V01
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