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Insurance Company
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Aviva Life Insurance Company Ltd
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Plan Name
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Aviva New Young Scholar Plan
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Plan Nature
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ULIP
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Plan Category
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Protection Plan
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UIN No.
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122L076V01
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About Plan
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Aviva New Young Scholar Plan is a non-participating unit-linked RegularPremium payment plan that has been specially designed keeping in mindyour specific needs as a parent.Unfortunately, the cost of quality education, particularlyhigher education, can be burdensome. So you need to plan ahead foryour child's future. This plan enables you to create wealth that your child will require for important milestones in his life and also ensures that the same is made available to him even if you are not around.
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Minimum Entry Age
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0years.
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Maximum Entry Age
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50years.
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Minimum Policy Term
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10 - 25 years.
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Maximum maturity Age
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70years.
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Premium Paying Term
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3 years or 5 years or equal to the policy term.
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Minimum Premium
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Rs.18000 if PPT = PTMinimum Rs 50,000 if PPT = 3 years or 5 years
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Maximum Premium
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no limit.
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Top Up Premium
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Minimum Rs 1,000; maximum upto 25% of totalregular premiums paid.
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Minimum Sum Assured
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5 x Annual premium to 1.5 x Policy term x Annualpremium.
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Benefits
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| Particulars | Description |
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Maturity Benefits
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Attractive returns enhanced by loyalty additions and maturity addition to build the desired corpus of funds on maturity of the policy.Maturity Addition: If you pay all due premiums, we provide you with maturity addition (2% of for regular premium policy and 0.5% for PPT of 3 or 5 years) as a percentage of Fund Value.
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Death Benefits
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All future premiums are waived off and invested as a lump sum amount into the fund, so the policy continues even in the unfortunate event of the parent's death while the Sum Assured is paid out immediately
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Tax Benefits
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| No data for Tax Benefits |
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Comprehensive Protection:Specially designed Death Benefit that offers complete protection to your child on your unfortunate death by:- paying Sum Assured - to address immediate financial concerns- paying all the future premiums (as a lump-sum) into your fund - to ensure that all the monies you planned for are available to your child even when you are not around- continuing the policy with all the investment benefits intact for your childObtain enhanced protection by choosing one or more of ourcontemporary riders. The riders available under this plan provide:- additional protection against accident, illnesses & disability; and- income to your child in case you are not around Thus, this plan goes a long way in ensuring that your child gets the future you planned for!
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Obtain Superior Investment Returns with:- Choice of 8 unit-linked funds - Bond Fund-II, Protector Fund-II,Balanced Fund-II, Growth Fund-II, Enhancer Fund-II, PSU Fund,Infrastructure Fund and Index Fund-II depending on your investment objectives and also investment flexibility through the Systematic Transfer Plan (STP) and Automatic Asset Allocation (AAA)- 103% allocation on Top-up Premiums- High allocation rates and a competitive charging structure; and- Regular Loyalty Additions every year after 5 years on the Fund Value pertaining to Regular Premiums
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Flexibility to increase the level of protection and/or savings during the Policy Term through the option to increase premium and cover level.- Easy liquidity through free Partial Withdrawals after 5 years
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Balanced Fund II (Post 31-Dec-2009)
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Bond Fund II (Post 31-Dec-2009)
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Enhancer Fund II (Post 31-Dec-2009)
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Growth Fund II (Post 31-Dec-2009)
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Index Fund II (Post 31-Dec-2009)
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Infrastructure Fund (Post 31-Dec-2009)
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Protector Fund II (Post 31-Dec-2009)
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PSU Fund (Post 31-Dec-2009)
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Particulars
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Range
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Balanced Fund II (Post 31-Dec-2009)
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Equity
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0% - 40%
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Debt & Money Market
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0% - 60%
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Bond Fund II (Post 31-Dec-2009)
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Debt & Money Market
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0% - 100%
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Enhancer Fund II (Post 31-Dec-2009)
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Debt & Money Market
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0% - 40%
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Equity
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60% - 100%
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Growth Fund II (Post 31-Dec-2009)
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Equity
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0% - 30%
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Debt & Money Markey
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0% - 70%
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Index Fund II (Post 31-Dec-2009)
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Dept & Money Market
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0% - 40%
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Infrastructure Fund (Post 31-Dec-2009)
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Cash & Money Market
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0% - 40%
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Equity
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0% - 60%
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Balanced Fund II
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17-May-13
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12.776
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Bond Fund II
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17-May-13
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13.776
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Enhancer Fund II
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17-May-13
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12.471
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Growth Fund II
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17-May-13
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11.711
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Index Fund II
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17-May-13
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11.743
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Infrastructure Fund
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17-May-13
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8.471
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Protector Fund II
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17-May-13
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13.137
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PSU Fund
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17-May-13
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8.922
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Balanced Fund II (Post 31-Dec-2009)
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Bond Fund II (Post 31-Dec-2009)
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Enhancer Fund II (Post 31-Dec-2009)
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Growth Fund II (Post 31-Dec-2009)
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Index Fund II (Post 31-Dec-2009)
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Infrastructure Fund (Post 31-Dec-2009)
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Protector Fund II (Post 31-Dec-2009)
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PSU Fund (Post 31-Dec-2009)
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06-Jul-09
09:12
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Aviva is keen on raising FDI to 49%
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06-Mar-09
12:12
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Aviva reaffirms India investment plans
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03-Mar-09
18:59
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Aviva launches LifeShield Plus
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13-Feb-09
11:00
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Capital infusion plan by middle of 2009 : Aviva CEO
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12-Feb-09
10:26
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Aviva life launches child plan Aviva Young Scholar
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20-Jan-09
12:50
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Private insurers see market share rise to 62%
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16-Dec-08
10:26
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Sales growth to be flat in December quarter: Aviva
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29-Sep-08
10:59
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TR Ramachandran as new CEO of Aviva India Life Insurance.
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24-Jul-08
17:29
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Aviva strengthens product portfolio for traditional plans
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14-Mar-08
15:10
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Aviva and BASIX together launch unique group term plan - Sangh Samruddhi
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