• Entry Age : Parent 21-50 years; Child 0-17 years
• Policy Term : 10 to 25 years, subject to the maximum maturity age parent as 70 years
• Premium payment term : 5 years or equal to the Policy Term
• Premium Payment Frequency: Annually, Half-yearly or Monthly
• Annual Premium:
• If Premium Payment Term equals Policy Term, Minimum Rs 20,000; Maximum: No limit
• If Premium Payment Term is 5 years, Minimum Rs 100,000; Maximum: No limit
• Top-up Premium:Minimum - Rs 5,000; Maximum: No limit
• Riders Available: Aviva Child Education (CE) Rider , Comprehensive Health Benefit Rider (CHB) and Aviva Term Plus Rider

Death Benefit:

• 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
• The amount of Life Cover shall be payable to the nominee
• Life Cover pertaining to Top-up premiums, if any, shall also be payable to the nominee
• In case of death due to an accident between age 18 to 60, an additional amount under the in-built Accidental Death cover shall also be paid

Rider Benefit:

• Aviva Child Education (CE) Rider - fixed monthly amount as chosen by the policyholder at inception is paid throughout the Policy Term to ensure uninterrupted education of the child in the event of parent's death
• Comprehensive Health Benefit (CHB) Rider - upon disability or critical illness the Life Cover is paid immediately, future premiums are waived and paid as a lumpsum into the fund and the policy continues with investment benefits intact
• Aviva Term Plus Rider- an additional amount equal to the Aviva Term Plus Rider Sum Assured is paid on death of insured

Loyalty Additions:

• You will be eligible for Loyalty Additions, if you continue paying all due premiums
• The addition will be 1.5% of Fund Value pertaining to regular premiums at the end of year 11 and thereafter at the end of every subsequent 2nd policy year till the end of the Policy Term
• Loyalty Additions will be added even after the death of the insured parent

Maturity Benefit:

• On maturity, the Fund Value pertaining to both regular premiums and Top-up premiums will be paid to the policyholder along with accrued Loyalty Additions, if any as on the maturity date. This Maturity Benefit will be payable to the Nominee in case of death of the policyholder prior to maturity
• Settlement option – This allows you to keep the money invested in the fund even after maturity and enables you to receive the same systematically over a period of 1 to 5 years. You can opt for this option at maturity

Tax Benefit:

• Tax benefits will be as per section 80C and 10(10(D)) of the Income Tax Act, 1961. Tax benefits as per the prevailing tax laws are applicable and are subject to change from time to time.

To see an illustration for yield net of charges click here

This illustration is for a male aged 35 years, opting for minimum Life Cover (Sum Assured), pays premiums yearly and invests 100% into the Enhancer Fund-II (Premium Paying Term = Policy Term) and does not opt for the riders

*Refer to the policy brochure for disclaimers

The policy will attract charges under various heads. The details of the same are given below:

*Charge is based on premium amount.

Rider premiums depend on the rider and the cover chosen. Rider premiums are collected in addition to the base plan premiums (except for Comprehensive Health Benefit Rider)

Complete withdrawal is allowed after 5 policy years without any penalty

For further details, please refer to the policy brochure.