Aviva Young Scholar Secure – UIN 122N09V03
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 |
Survival Benefits |
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|
Tuition Fee Support (TFS) |
College Admission Fund (CAF) |
Higher Education Reserve |
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|
Silver |
|
15,000 |
40,000 |
Maturity Sum Assured minus sum of all TFS and CAF already paid |
|||||||||
|
Gold |
|
20,000 |
1,00,000 |
Maturity Sum Assured minus sum of all TFS and CAF already paid |
|||||||||
|
Diamond |
|
40,000 |
2,50,000 |
Maturity Sum Assured minus sum of all TFS and CAF already paid |
|||||||||
|
Platinum |
|
80,000 |
6,00,000 |
Maturity Sum Assured minus sum of all TFS and CAF already paid |
|||||||||
|
1,60,000 |
12,00,000 |
Maturity Sum Assured minus sum of all TFS and CAF already paid |
||||||||||
|
2,40,000 |
18,00,000 |
Maturity Sum Assured minus sum of all TFS and CAF already paid |
||||||||||
|
3,20,000 |
24,00,000 |
Maturity Sum Assured minus sum of all TFS and CAF already paid |
||||||||||
|
4,00,000 |
30,00,000 |
Maturity Sum Assured minus sum of all TFS and CAF already paid |
||||||||||
|
Payment of Benefits |
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|
When Child's Age is |
For Entry Age of Child (in years) |
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|
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.
