Aviva Young Scholar plan: Aviva Young Scholar is a well designed plan which helps you to secure your child's future till he attains the age of maturity and is able to earn for himself. It looks after the educational milestones in your child's life and helps your child to achieve his dreams with the help of monetary support.
Your young scholar needs support? Try Aviva Young Scholar Aviva Young scholar offers attractive returns which are enhanced by the bonus units accumulated every 5 years in order to build a desired corpus of funds on maturity of the policy. This is the maturity benefit offered by Aviva Young Scholar. Surely anyone with a little scholar at home would want to secure their future, its their birth right.
Benefits are many In the event of your unfortunate death, disability or critical illness, and if you are unable to pay the insurance premium, you need not worry. All future premiums will be waived off and the sum assured is paid out immediately to the nominee and the lump sum amount is invested in the funds, so that the policy continues even in this unfortunate time of your family.
If your death is due to an accident and you have opted for the Accidental Death Benefit rider, then your nominee is eligible to get double of the sum assured from the company.
A regular monthly income is provided for the minor child from the premium if the parent dies. This arrangement can be made if the parent has opted for the Income Benefit rider at the time of buying the policy.
By the above brief explanation of the Aviva Young Scholar, we can come to a conclusion that this policy is made not only to secure your child's future but your life is insured too. So anyone who is brilliant enough to buy the Aviva Young Scholar is securing two people's lives instead of one as in other policies.
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