Best Child Plan

Aviva Young Scholar is a comprehensive plan that enables you to secure your child’s future in any eventuality through:

• Attractive returns, enhanced by bonus units every 5 years to build the desired corpus of funds on maturity of the policy
• All future premiums being waived off and invested as a lump sum amount in to the funds, so the policy continues even in the unfortunate event of the parent’s death, disability or on contracting a critical illness, while the Sum Assured is paid out immediately
• Provision of a regular income for the minor child, in the event of parent’s death.
• Specifications

  Policy Term : 10 to 25 years, subject to the maximum maturity age parent as 70 years

  Premium payment term : 3 years or 5 years or equal to the policy term

  Premium Payment Frequency: Annually, half yearly, quarterly or monthly

  Annual Premium:

  If premium payment term equals policy term, Minimum Rs 15,000; Maximum: No limit

  If premium payment term is 3 years or 5 years, Minimum Rs 50,000; Maximum: No limit

  Top-up Premium: Minimum - Rs 1,000; Maximum - up to 25 per cent of total regular premiums paid

  Fund Options:

  Growth fund

  Balanced fund

  Protector fund

  Bond fund

  Enhancer fund

  **Child plans in India