Aviva- Young Scholar

Young Scholar Plan is a non-participating unit linked endowment plan which caters to the needs of your child. This plan helps in creating funds for your child education and any other needs in the future. Besides the investment benefit, you also get a life insurance cover. The plan is designed in such a way that you get protected against death, critical illness and disability.

Benefits :
1. The plan has a death benefit rifer which protects your child in case you are not around.
2. You get a choice of 5 unit lined funds to choose from- Enhancer, Growth, Balanced, Protector and Bond Fund.
3. The plan is flexible, where you have an option of increasing the policy premium or cover level.
4. You have an option of free partial withdrawals after every 5 years.
5. Riders can be added to the policy to give you and your family more protection.
6. And Tax benefit under Section 80C, 80D and 10(10D) of the income Tax Act 1961.

Eligibility :

Parameters	Minimum	Maximum
Child (beneficiary) Age	0 years	17 years
Parent (life insured) Age	18	50 years
Policy Term	10-25 years, subject to maximum 70 years of age.
Sum Assured	5x Annual Premium to 1.5 x Policy Term Annual x Annual Premium
Premium Frequency	Monthly, Quarterly, Semi-Annually and Annually.