Aviva Young Scholar Secure Plan

Aviva Young Scholar Secure Plan is a non-linked non-participating savings plan which is designed to help you meet your child’s educational milestones without financial worries. The unique benefit payout intervals of the plan help you plan in advance for your child’s school fees, college expenses, and higher education. The benefits payable under the plan remain intact even when you are not around to pay the due premiums.

The plan is available in 4 variants featuring different amounts for the survival and maturity benefits to secure your child’s future. You can further enhance the coverage of the plan by opting for a Term Plus rider which provides additional sum assured in case of life’s assured untimely demise.

Best Features of Aviva Young Scholar Secure Plan

 Aviva Young Scholar Secure Plan comes with the following key features - 

1. Plan Variants - The plan is available in 4 variants namely Silver, Gold, Diamond, and Platinum, featuring a different amount for the survival and maturity benefits payable under the plan.
2. Benefits - The plan provides 3 kinds of survival and maturity benefits - Tuition Fee Support, College Admission Fund, and Higher Education Reserve to help you meet different educational milestones of your child.
3. Premium Waiver Benefit - In case of a death of the life assured, all the future premiums are waived off and the plan continues till maturity with all the benefits payable.
4. Rider Option - You can choose to provide an additional sum assured to your family in case of your unfortunate death by opting for a Term Plus rider.
5. Policy Revival - A lapsed policy can be revived within 5 years from the date of the first unpaid premium. Along with all due premiums, a revival fee of INR 250 along with an interest of 9% per annum compounding monthly is payable on all unpaid premiums.

Benefits of Aviva Young Scholar Secure Plan

The following benefits are payable to the investors of Aviva Young Scholar Secure Plan - 

            1. Survival And Maturity Benefit

The survival and maturity benefits are payable in accordance with the plan variant opted by you at the time of policy inception - 

            2. Death Benefit

In case of an unfortunate death of the life assured, the following benefits are payable at the policy anniversary immediately following the life assured’s death or at the time when the child attains the required age limit.

• Tuition Fee Support (TFS)
• College Admission Fund (CAF)
• Higher Education Reserve (HER) equivalent to maturity sum assured less TFS + CAF already paid.

 Aviva Young Scholar Secure Plan Eligibility

Aviva Young Scholar Secure Plan comes with the following eligibility conditions -

 Aviva Young Scholar Secure Plan Review

Aviva Young Scholar Secure Plan is an investment solution for helping you meet your child’s educational dreams with financial ease and stability. The plan provides planned payouts at different ages attained by the child to enable you pay for his/her educational expenses in a systematic manner. The plan is available in 4 variants to allow you choose the amount of survival and maturity proceeds as per your requirements. With its premium of waiver benefit, the plan ensured that the educational dreams of your child do get fulfilled even in your absence. It is a suitable plan for individuals looking for a child-oriented savings plan which takes care of their child’s education from the very beginning till the end.