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Aviva Life Insurance conducted ‘Aviva Education Insight’ a research with Imrb International on the concern and aspiration of young parents for their child’s education.  

The research report which unveiled the concerns of parents on child’s education more than health, good lifestyle or marriage. Parents also showed their concern about the need for protecting the family’s future income. 

Keeping all this things in mind Aviva Life Insurance has launched three new products to address the concerns. Aviva Young Scholar Secure, Aviva Young Scholar Advantage and Aviva i-Life. Mentioned three plans of Aviva different in nature one is traditional plan another is Children Plan and last is Term Insurance plan. 

Aviva education insight report highlights the fact that the rising educational cost has become cause of concern. They now want additional fund not only for child’s higher studies but also for the schooling as well. 

Aviva Education Insight Survey Revealed: 

1)      81% of the parents are about their child’s education even more than health, good lifestyle or marriage.

2)      30% of parents are more concern about expenses on child’s education than quality, admission, performance or

3)      69% of parents mentioned School fee as top3 concern on child’s education. 

Aviva Young Scholar Secure:     

Plan which provides guaranteed annual payments for high school years when tuition fees and other expense starts then lump sum payout at the time of college admission and other payout at the time of higher education.  It provides payment on death of parent. Plan also makes sure child’s education goes uninterrupted in case parent is not around and wave offs future premium. It comes with additional riders to cover accidental death, dreaded diseases and disability. 

Aviva Young Scholar Advantage:

It is unit linked insurance plan which ensure that the corpus one plan for their child’s future is available even if one is not around. It provides loyalty additions to enhance fund value. Plan comes with 8 optional funds which provide investment flexibility and systematic transfer. The product will be offered for the ones who at least have one child.

Aviva i-Life:It is an online term plan which promises to be among the cheapest plan in the market. It provide Rs. 100 crore of Life cover at less than Rs 22 per day. Accidental Death Benefit rider for enhanced protection where additional sum equal to Accidental Death Benefit Rider Sum Assured shall be payable in case of accidental death. 

Aviva Life Insurance who’s product have been designed to provide customers flexibility, transparency and value for money. Aviva’s new three products Young Scholar Secure, Young Scholar Advantage and Aviva i-Life are certainly satisfy all the above condition.