Overview
At Aviva we believe there is no greater insurance in the world
than a good education. Education is the bridge between your child’s dreams and
reality. This journey has many milestones -schooling years leading up to Board
exams, entrance exams, college years and professional courses. Each of the
milestones has a cost attached to it right from extra coaching for Boards to
reference material for entrance exams to admission fee for a professional
course.
Now guarantee funds for each of these
milestones with Aviva Young Scholar Secure and provide your
child the best education. With Aviva Young Scholar Secure you
can plan your savings and payouts for your child’s education in a manner that
match the child’s educational journey.
Specifications
· Entry age: Parent: 21-50 years and Child: 0-12 years (last birthday)
· Policy term: 21 minus age at entry of the child
- Premium
payment term: For entry age 0-8 years
of child – 13 minus age of child
For entry age 9-12 years of child: Fixed
5 years
· Premium Payment Frequency: Yearly, Half-yearly and Monthly
· Annual Premium: Silver – Rs
25,000; Gold – Rs 50,000; Diamond– Rs 100,000;
Platinum (5 options) – Rs
200,000/400,000/600,000/800,000 or 10,00,000
* Service tax as applicable from time to time
will be payable separately
· Sum Assured: Based on age of the parent, age of the child and premium option
· Riders Available: Aviva Term Plus rider
Death Benefit:
Upon
death, Life cover is paid to the nominee (beneficiary) and the policy continues
with all benefits intact. Any installment already paid by us will not be
deducted from the death benefit.
All
future installments of Tuition Fee Support, College Admission Fund & Higher
Education Reserve will be paid on the scheduled dates
Additional
benefits as detailed below will also be paid if the corresponding riders are
opted for:
– Aviva
Term plus rider Sum Assured is also payable on death if this rider has been
opted for
The
said benefits are applicable only if the policy is inforce as on date of eventuality.
Guaranteed Education
Support Benefit:
This plan provides guaranteed Tuition fee support, College
Admission Fund and Higher Education Reserve irrespective of you being there or
not. Please click here for
further details on payout pattern.
If you would like to understand the benefits using an
Illustration please click here
Tax Benefit:
Tax
benefits will be as per section 80C and 10(10(D) of Income Tax Act, 1961. Tax
benefits as per the prevailing tax laws are applicable and are subject to
change from time to time.
Contact me @ 09347848640
(Naresh)
Please get your personalized illustration:
http://www.six-steps.in/webpqis/AvivaYoungScholarSecure.aspx
Source: www.avivaindia.com
Only Child Insurance plan with a limited premium payment term (PPT) i.e. 13 years.
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