According to Parents, you are fully conscious of the significance of good education. Good education helps greatly to be successful person in the adult world. Regrettably
the cost of quality education, particularly higher education, can be troublesome. So you need to make a strong plan for your child’s future. This plan helps you to create a bright future that your child will require for important milestones in his life and also your child will squire even if you are not around.
Aviva Young Scholar is a comprehensive child plan that secures your child's future and happiness through:
Attractive returns to construct the preferred quantity.
Waiver of future premiums so the policy continues in the event of the parent's death, disability* or critical illness*, while the Sum Assured is paid out immediately.
Regular income* for the minor child to meet everyday expenses in the event of the parent's death.
during the policy term if you have unfortunate death, the Beneficiary your child will become Policyholder and the policy will continue for your child benefit. Your child will get Sum Assured immediately and all the future premiums will be waive and paid (as a lump sum) into your endowment. However there shall be no risk wrap on the life of the Beneficiary.
Get reliability embellishments upto 2.50% on maturity
Aviva provides you 5 investment fund options: Protector, acquaintance, Balanced, Growth & Enhancer
You can get limited withdrawals after 5 policy years.& Enjoy tax repayment as per Sections 80C, 80D and Section 10(10D) of the Income Tax Act, 1961
Superior investment returns
Benefits:
Inclusive Protection:
Most beneficial point is this, that you can have death benefit offers complete protection to your child on your unfortunate death by:
1. Paying sum guaranteed - to concentrate on immediate financial concerns
2. When you are not around, paying all the future premium into your fund - to ensure that all the assessment you planned for are available to your child.
3 Your policy will be. Continue with all the investment benefits intact for your child
obtain improved protection by choosing one or more of our contemporary riders. You will get the riders under this plan provide:
1. There is some additional protection against accident, illnesses & disability. & your child will secure about income in case you are not around
Thus, this plan goes a long way in ensuring that your child gets the future you planned for!!
Superior investment returns:
2. High allocation rates and a competitive charging structure
3. Regular loyalty additions every 5 years on the Fund Value pertaining to regular premiums
Greater convenience:
1.
Flexibility to increase the level of protection and/or savings during the policy term through the option to increase premium and cover level
2. Easy liquidity through free partial withdrawals after 5 years
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
