Overview of Signature 3D Term Plan Platinum
Aviva Signature 3D Term Plan – Platinum is a pure protection plan that secures against life, disability, and disease while adding practical flexibility. It offers two coverage options: Life Protect for fixed protection against death and Credit Protect for reducing cover aligned with loan repayment. The plan provides life cover up to age 80 (under the Life Protect option) & 70 (under the Credit Protect option), with entry available from 18 to 65 years, and flexible premium payment modes. Key benefits include a Premium Holiday option after five years, a Smart Exit value refund, and optional riders for accidental casualty, critical illness, and cancer cardio protection, all under the Life Protect option of the plan, for comprehensive family security.
Experts' Review of Signature 3D Term Plan Platinum
Written by Monish Vora
Chief Editor
Aviva Signature 3D Term Plan Platinum is a pure protection plan designed to provide coverage against life’s two key financial risks: death and disease. The plan offers two coverage structures. Under Life Protect, the sum assured remains fixed throughout the policy term and is paid as a lump sum in case of death. Under Credit Protect, the cover reduces over time to broadly align with an outstanding loan balance. However, this alignment is not flexible, as the reduction schedule is pre-defined by the insurer based on an assumed repayment structure (typically using a fixed interest rate), rather than your actual loan repayment pattern.
One notable feature is the Premium Holiday option, which allows policyholders to defer premium payments for up to 12 months after completing five policy years, providing temporary relief during financial stress. The plan also includes a Smart Exit Value option, where policyholders may exit the policy and receive the total premiums paid under certain conditions and age limits.
Coverage can extend up to age 80 under the Life Protect option and age 70 under the Credit Protect option, with entry ages ranging from 18 to 65 years. The plan allows riders such as Accidental Casualty, Criti cal illness, and Cancer Cardio riders to enhance protection, though these are available only with the Life Protect variant.
Pros
While not groundbreaking, the features provided meet the basic requirements.
Offers Life and Credit Protect variants with added Cancer Cardio benefit for enhanced protection.
Cons
Premiums are relatively high compared to other term plans.
Insurer performance indicators are on the lower side
The plan is missing key features such as terminal illness, cover enhancement, and disability benefits offered by competitors.
Aviva Life Insurance
Key Insights
Founded
2002
Aviva Life Insurance was established 24 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.08% CSR, calculated as a 3-year average
Aviva Life Insurance settles 99.08% of all claims it receives demonstrating strong credibility.
Complaints
82.88 complaints per 10,000 claims registered
Aviva Life Insurance has a relatively high volume of complaints, which may point to ongoing issues in customer service or claim handling.
Amount Settled
98.82% of total claim amount settled
Aviva Life Insurance demonstrates excellent claim payout efficiency, settling over 98.82% of the total claim amount filed, reflecting strong financial reliability.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Features of Signature 3D Term Plan Platinum
Cancer Cardio Rider
Standout
In case of diagnosis of cancer or other mentioned critical illness, the insurer will pay a lump sum benefit to the policyholder. The benefit also offers a one time wellness package.
Waiver of Premium
Some policies waive all future premium payments if you are ever disabled (due to accident) or diagnosed with a critical illness. Signature 3D Term Plan Platinum doesn't extend the waiver-of-premium option if you are permanently disabled (due to accident), but you have the option to waive off all premiums if you are diagnosed with a critical illness.
Critical Illness
If you're ever diagnosed with a critical illness, you would want your insurance policy to pay a fixed sum that can help you deal with any monetary obligations and financially support your needs during treatment. Signature 3D Term Plan Platinum extends critical illness benefit without too many restrictions and pays up to so long as you are diagnosed with one of the 49 illnesses listed in the policy brochure.
Customisable
In case of diagnosis of any of the mentioned critical illness, lump sum rider benefit is paid to the policyholder.
Add-ons of Signature 3D Term Plan Platinum
Accidental Casualty Rider
In case of death due to an accident, a lump sum payout is given on top of the base cover.
Critical illness rider
In case of diagnosis of any of the mentioned critical illness, lump sum rider benefit is paid to the policyholder.
Cancer Cardio
In case of diagnosis of cancer or other mentioned critical illness, the insurer will pay a lump sum benefit to the policyholder. The benefit also offers a one time wellness package.
Exclusions in Signature 3D Term Plan Platinum
Conditions or treatments that the policy clearly says it will not cover.
Suicides are not covered in the first year.
Death due to intoxication.
If the nominee is involved in the death of the policyholder, that would not be covered.
The policyholder dies with respect to his involvement in criminal activity.
Death by suicide within the first policy year is not covered.
Disclaimer: For illustration purposes only - exact terms are in the policy wording.
Variants of Signature 3D Term Plan Platinum
Life Protect
This option provides a uniform amount of life insurance coverage throughout the policy term.If the insured person passes away during the policy term, the full Base Sum Assured is paid, and the policy ends.
Credit Protect
This cover helps to cover loan repayments in case the insured passes away during the policy term.The death benefit reduces every year as per a pre-decided schedule. The schedule calculates the benefits at a fixed 11% yearly interest rate, irrespective of the actual loan repayment terms.If the insured passes away, the benefit for that year (as per the schedule) is paid, and the policy ends.
What's missing in Signature 3D Term Plan Platinum
No Zero Cost Option
No Terminal Illness Benefit
No Top-Up Option
No option to increase your cover with inflation
No payout on disability
You can't recover your premiums after policy matures
No Special Exit Value
No Cover Continuance Benefit
No option to increase cover at life milestones
No Insta Payout Benefit
Reviews for Signature 3D Term Plan Platinum
P
Pratik Prasad
Opted for Signature D rider options are solid for CI and disability and premium break exit feature is genuinely helpful Satisfied so far
H
Heena Chatterjee
Picked Signature D rider options are solid for CI and disability and premium break exit feature is genuinely helpful Feels reliable good
S
Sumit J. Chaudhary
Opted for this plan riders ka combo acha hai CI disability bhi and premium break wali feature kaafi kaam aayi Overall happy In short ok helps
V
Vedika Bhardwaj
Chose Signature D premium break exit feature is genuinely helpful but coverage age limit feels slightly low Would recommend with care so
S
Sakshi A. Joshi
Chose Signature D rider options are solid for CI and disability and premium break exit feature is genuinely helpful Satisfied so far simple
Frequently Asked Questions
What is the Aviva Life Signature 3D Term Plan – Platinum?
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