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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 Young Scholar Secure
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Plan Nature
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TRADITIONAL
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Plan Category
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Child Plan
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UIN No.
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122N092V01
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About Plan
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Education is the greatest insurance, and every parent strives to guarantee it for their child. For a good education, it becomes essential to build a sound corpus especially with the rising education costs. Aviva Young Scholar Secure is an insurance plan designed to provide annual cash flows to meet educational expenses as the child grows. It also pays out lump-sums at important education milestones for college education and higher education.
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Minimum Entry Age
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Parent(Life Insured): 21 years last birthdayChild(Nominee(Beneficiary)):0 years last birthday
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Maximum Entry Age
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Parent(Life Insured): 50 years last birthdayChild(Nominee(Beneficiary)): 12 years last brthday
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Maximum Maturity Age
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71 years last birthday
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Maximum Policy Term
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21 minus entry age of child
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Premium Paying Term
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For entry age 0 to 8 of child: 13 minus age of childFor entry age 9 to 12 of child: Fixed 5 years
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Benefits
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| Particulars | Description |
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Maturity Benefits
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This plan provides maturity benefits irrespective of the mode of the premium according to the premium option chosen at inception by you.
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Death Benefits
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In the unfortunate event of your death, the following benefits will be payable, provided all due premiums are paid till date:
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Death Benefits
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A lump-sum equal to Sum Assured is paid to the nominee (beneficiary) to take care of immediate financial needs for your child's education.
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Survival Benefit
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This plan provides survival benefits irrespective of the mode of the premium according to the premium option chosen at inception by you.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Accident Death Benefit Rider [122C005V01]
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Aviva Dread Disease Rider [122B014V01]
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Aviva Term Plus Rider [122B017V01]
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You will receive guaranteed annual payouts starting at the end of the Premium Paying Term and thereafter every year up to age 17 of your child. Thais may help you in meeting tuition expenses of your child up to class 12th.
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You will receive a lump-sum amount that can be utilised at the time of college admission, when your child turns 18.
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You will receive another lump-sum which can help provide for the post graduation expenses, when your child turns 21.
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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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