Aviva Young Scholar Secure – UIN 122N09V02

Survival and Maturity Benefits: This plan provides survival benefits and maturity benefit irrespective of the mode of the premium according to the premium option chosen at inception by You as given in the following tables:

Option

Premium
(in Rs.)

Survival Benefits

Tuition Fee Support (TFS)

College Admission Fund (CAF)

Higher Education Reserve
(HER)

Silver

YlY - 25,000
Hly - 12,800
Mly - 2,200

15,000

40,000

Maturity Sum Assured minus sum of all TFS and CAF already paid

Gold

YlY - 50,000
Hly - 26,000
Mly - 4,400

20,000

1,00,000

Maturity Sum Assured minus sum of all TFS and CAF  already paid

Diamond

YlY - 1,00,000
Hly - 51,500
Mly - 8,800

40,000

2,50,000

Maturity Sum Assured minus sum of all TFS and CAF  already paid

Platinum

YlY - 2,00,000
Hly - 1,02,500
Mly - 17,500

80,000

6,00,000

Maturity Sum Assured minus sum of all TFS and CAF  already paid

YlY - 4,00,000
Hly - 2,05,000
Mly - 35,000

1,60,000

12,00,000

Maturity Sum Assured minus sum of all TFS and CAF  already paid

YlY - 6,00,000
Hly - 3,07,500
Mly - 52,500

2,40,000

18,00,000

Maturity Sum Assured minus sum of all TFS and CAF  already paid

YlY - 8,00,000
Hly - 4,10,000
Mly - 70,000

3,20,000

24,00,000

Maturity Sum Assured minus sum of all TFS and CAF  already paid

YlY - 10,00,000
Hly - 5,12,500
Mly - 87,500

4,00,000

30,00,000

Maturity Sum Assured minus sum of all TFS and CAF  already paid

 

Payment of Benefits

When Child's Age is
(in years)

For Entry Age of Child (in years)

0

1

2

3

4

5

6

7

8

9

10

11

12

13

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

-

-

-

-

14

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

-

-

-

15

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

-

-

16

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

-

17

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

TFS

18

CAF

CAF

CAF

CAF

CAF

CAF

CAF

CAF

CAF

CAF

CAF

CAF

CAF

19

-

-

-

-

-

-

-

-

-

-

-

-

-

20

-

-

-

-

-

-

-

-

-

-

-

-

-

21

HER

HER

HER

HER

HER

HER

HER

HER

HER

HER

HER

HER

HER

 

TFS: Tuition Fee Support

CAF: College Admission Fund

HER: Higher Education Reserve = Maturity Sum Assured minus sum of (TFS+CAF) already paid

Payment will be made at the policy anniversary following immediately on or after the completing the above age by child.

In case of death of nominee, the above Survival/Maturity Benefit will be paid as per the above table assuming that the child nominee nominated at inception is alive and has attained the Age as mentioned in the aforesaid table.