AVIVA NEW YOUNG SCHOLAR PLAN

This plan will help you to secure your child’s future in case an unforeseen takes place in your life.

Features:

• It gives you the option of indexation which will help you to minimize the impact of inflation.

• The term of the policy is between 10-25 years.

• The maximum age at maturity of the parent is 70 years.

• The premium payment term of the policy is of 3, 5, or the years equal to the policy term.

• The premiums can be paid yearly, half-yearly, quarterly or monthly.

• If the premium payment term is equal to the policy years, then the minimum sum assured is Rs.50, 000 and there is no limit for the maximum sum assured.

• If the premium payment term is of 3 or 5 years then the minimum sum assured is Rs.18, 000 and there is no maximum limit.

• The minimum top-up premium is of Rs.1, 000 and maximum is up to 25% of the total regular premiums paid.

Benefits:

• In case of your unfortunate death, all your future premiums are waived off by the company and invested into the funds as a lump sum so that the policy remains alive.

• It will provide regular income to your minor child in case of your unfortunate death.

• You can also avail of tax benefits under the Income Tax Act, 1961.

• In case of your survival till the maturity of the policy term you get the fund value which will include your regular premium and top-up premium.

• If all your premiums are paid from time to time, the company will provide you with fund value related loyalty additions every year.

• It gives you attractive returns enhanced by loyalty additions from the 6^th year onwards.