Aviva Life Child Plan

Aviva Life Child Plan is a comprehensive financial solution tailored to secure the future of your child. This plan aims to provide investment options with life cover along with a range of benefits designed to meet the evolving needs of your child at every stage of their life.

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Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

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What is Aviva Child Plan?

Aviva Child Plan is a category of child insurance plans offered by Aviva Life Insurance. These plans combine elements of insurance and investment to help secure your child's financial future. 

There are different types of Aviva Life Child Plans available, each with its own unique features and benefits. Some of the common types of child plans offered by Aviva Life Insurance include:

  • Traditional Endowment Plans: These plans offer guaranteed maturity benefits and death benefits. They are a good option if you are looking for a safe and secure way to save for your child's future.

  • Unit-Linked Insurance Plans (ULIPs): These plans offer the potential for higher returns, but they also come with some risk. They are a good option if you are comfortable with taking some risk in order to potentially achieve higher returns.

  • Child Education Plans: These plans are designed to help you save for your child's education. They typically offer guaranteed payouts at specific milestones, such as when your child starts school or college.

Features of Aviva Child Plan

  • Flexible Premium Payments: You can choose how much and how often you want to pay premiums.

  • Comprehensive Coverage: The plan offers protection against unforeseen circumstances, ensuring financial security for your child's future.

  • Multiple Investment Options: You have the freedom to select from various investment options based on your risk appetite and financial goals.

  • Flexible Withdrawal Options: You can withdraw funds as per your child's needs, whether for education, marriage, or other milestones.

  • Option to Enhance Coverage: You can enhance the coverage of the plan with additional riders for added protection.

Investment Investment
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Child Banner
Secure your child’s future with or without you
Start Investing
₹10,000/Month
& Get
₹1 Crore*
*Standard T & C Apply

Benefits of Aviva Child Plan

  • Financial Security: It ensures financial protection for your child's future needs, like education or marriage expenses.

  • Guaranteed Benefits: Certain benefits are assured regardless of market fluctuations, providing stability and peace of mind.

  • Tax Benefits: Enjoy tax advantages on premiums paid and benefits received, helping you save more for your child's future.

  • Bonus Additions: Additional bonuses may be added to your plan over time, enhancing its value and potential returns.

  • Surrender Benefits: In case of emergencies or changing circumstances, you have the option to surrender the plan and receive benefits.

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List of Aviva Child Education Plans

Aviva offers a variety of child education plans that can help you save for your child's future education. The following table lists the most popular Aviva child education plans:

Aviva Life Child Plan Entry Age Maximum Maturity Age Premium Payment Term (PPT) Policy Term (PT) Minimum Annualised Premium (in Rs.) Tax Benefits u/ IT Act, 1961
Aviva Young Scholar Secure Parent: 21 – 50 years;
Child: 0 – 12 years.
Parent: 71 years; ≤ 8 Entry Age: 13 minus (-) Child’s Age;
9 – 12 Entry Age: 5 years
21 minus (-) Child’s Entry Age Silver: ₹33,000;
Gold: ₹50,000;
Diamond: ₹1,00,000;
Platinum: ₹2,00,000.
Section 80C and Section 10(10D)
Aviva Young Scholar Advantage Parent: 21 – 45 years;
Child: 0 – 17 years.
60 years Same as PT 10 – 25 years ₹50,000 Section 80C and Section 10(10D)
Aviva Signature Monthly Income Plan 3 – 60 years 18 – 80 years 10/11/12/13/14/15 years 15/16/17/18/19/20 years ₹48,000 Section 80C and Section 10(10D)
Invest More Get More
Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans
Standard T&C Apply *

Details of Aviva Child Education Plans

  1. Aviva Young Scholar Secure

    Aviva Young Scholar Secure is a savings-oriented, non-linked, non-participating child insurance plan offered by Aviva India. It is designed to provide financial support for your child's education from school to higher studies.

    Features of Aviva Young Scholar Secure:

    • Tuition Fee Support: Annual guaranteed payouts starting after the premium paying term till your child reaches 17 years old.

    • College Admission Fund: Lump sum amount paid at the time of college admission, when your child turns 18 years old.

    • Higher Education Reserve: Lump sum amount paid at maturity (age 21) for post-graduation expenses.

    • Death Benefit: Sum assured to the nominee in case of the policyholder's death. Even with the policyholder's absence, guaranteed benefits still continue.

    • Four Plan Options: Silver, Gold, Diamond, and Platinum, with different premium amounts and sum assured.

    • Inbuilt Rider: Aviva Term Plus Rider provides additional financial security in case of accidental or natural death of the policyholder.

    People also read: Sukanya Samriddhi Yojana Calculator

  2. Aviva Young Scholar Advantage

    Aviva Young Scholar Advantage is a unit-linked life insurance plan (ULIP) offered by Aviva India. It is designed to provide financial security for your child's future education and other needs.

    Features of Aviva Young Scholar Advantage:

    • Accidental Death Benefit: This benefit is given if the policyholder dies in an accident. The amount is the base sum assured, capped at Rs. 50 lakhs.

    • Loyalty Additions: Loyalty addition amount is added after the 11th policy year.

    • Top-up Premium: Extra premium allowed during the policy if all premiums are paid. The minimum top-up amount is Rs. 5000.

    • Fund Options: You can choose from 9 different funds for investment.

    • Riders: Optional add-ons include accidental, critical illness, and waiver of premium coverage.

In Summary

The Aviva child plan is a great choice for parents who want to make sure their kids are taken care of in the future. It gives you savings, insurance, and flexibility all in one investment plan, which helps you feel confident about your child's financial security. Choosing this plan means you are giving your child a solid foundation for their education and other important milestones ahead.

Aviva Life Child Plans - FAQs

  • Does Aviva cover children?

    Yes, Aviva offers a variety of insurance products that cover children, depending on your location and needs. Some of the Aviva Child Insurance products are as follows:
    • Child critical illness cover

    • Child life cover

    • Child education plans

    • Group critical illness cover

  • What types of Aviva child plans are available?

    Aviva offers two main types of child plans:
    • Traditional child insurance plans: Aviva Young Scholar Secure, Aviva Nivesh Bima, and Aviva Signature Guaranteed Income Plan.

    • Unit-linked insurance plans (ULIPs): Aviva Affluence, Aviva i-Growth, and Aviva Fortune Plus.

  • How do I make a claim on an Aviva child plan?

    The process for making a claim on an Aviva child plan depends on the nature of the claim you are filing: 
    • Death Claim:

      • Contact Aviva through the online portal.

      • Download and complete death benefit claim form.

      • Gather Documents, like Policy documents, death certificate, medical reports (if any).

      • Submit Claim through online, mail, or in person as instructed.

    • Other Claims (Critical Illness, etc.):

      • Inform Aviva through the dedicated channels.

      • Download and complete claim form specific to your claim type (e.g., critical illness).

      • Collect supporting documents, like hospital bills, doctor's diagnosis, etc.

      • Submit claim as instructed by Aviva.

  • What are the risks involved in investing in an Aviva child plan?

    The risks involved in investing in an Aviva child plan depend on the type of plan you choose:
    • Traditional Plans:

      • Low risk, low return: Guaranteed payouts but limited growth potential.

      • Less flexibility: Fixed options, limited control over investment.

    • ULIPs:

      • Market risk: Returns fluctuate with the stock market, potential for losses.

      • Investment risk: Choosing the right fund within the ULIP is crucial.

      • Surrender charges: Early withdrawals incur fees, reducing returns.

    • General:

      • Policy charges: Administrative and other fees eat into returns.

      • Rider costs: Optional benefits can increase costs.

      • Inflation risk: Guaranteed payouts may not keep pace with inflation.

  • How to pay premium? What are the modes of payment available?

    For receiving continuity of your benefits, it is critical to pay premiums on time. You can pay your AVIVA Life Insurance premium through these 7 methods:
    • Airtel money

    • Auto Debit card or Credit card

    • HDFC/SBI/AXIS Bank debit card

    • ECS SYSTEM

    • NEFT

    • Change Payment Mode

    Step 1: Enter your policy details – policy number and policyholders date of birth

    Step 2: Select your online bank account or debit/ credit card to make the payment

    Step 3: Authenticate and confirm your payment details and receive online confirmation

  • How can I check policy status for Aviva Life child plans?

    As a registered user, you must log into the e-portal with your Client ID and password to check the policy status.
  • What is the policy renewal process for Aviva Life child plans?

    Online Policy Renewal facility is available to all Aviva customers. The process is as follows;

    Step 1: Login into e-portal with your Client ID and password.

    Step 2: Select the policy due for renewal payment. Click Pay Renewal Premium Now

    Step 3: Choose payment option- NEFT, Credit Card/Debit Card

    Step 4: Authenticate and confirm your payment details and print out the payment receipt

  • What is the company’s process to settle claim for Aviva Life child plans?

    For Aviva Health Plus policyholders, Cashless facility is permitted in case of for surgery or hospitalization. For others the process is as follows;

    Step 1: Complete the claim form

    As per your policy T&C and options, you need to duly fill the forms for claims against riders, hospital cash benefit, death benefit, gratuity and group term insurance.

    Step 2: Arrange for correct documents

    Based on the claims made, you need to attach the correct supporting documents. You can submit the documents in original or photocopies attested by a Gazetted officer or Magistrate.

    Step 3: Arrange for medical reports for medical related claims

    In case of hospitalization or surgery; produce the relevant medical reports and bills, issued by the attending physician, who is qualified to issue such a report.

    Upon completion of the above-stated documentation, submit them to your nearest AVIVA branch office. Alternatively, you can send the documents to us by post:

    Our Address:

    Claims Department

    Aviva Life Insurance Company India Limited

    Aviva Towers, Sector 43,

    Opposite DLF Golf Course,

    Sector 43,

    Gurgaon 122003

  • What is the policy cancellation process for Aviva Life term insurance for Aviva Life child plans?

    The Aviva Life Insurance policyholders must attach all the relevant policy documents along with a duly filled surrender form at any of the branch locations in their city. The value of their units will be calculates at the current market rates, if documents are submitted before 3:00 PM, else the next day’s market rates will be used to calculate unit price.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

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Aviva Child Plans Reviews & Ratings

4.3 / 5 (Based on 25 Reviews)
(Showing Newest 10 reviews)
Rohit
Ludhiana, August 04, 2016
Aviva Insurance Policy
Aviva child insurance policy i bought for my child. The policy is very good in respect of customer service and high benefit returns. Policy premium is low and it covers maximum expenditures spend for my child. Updates are mailed regularly to me about insurance policy.
Arun
Bhagalpur, July 15, 2016
High Coverage
The aviva life insurance provides me child insurance plan which has less premiums and the claims are easy to get because of service provided by the staff of the company is quick. Policy coverage is high. Easy accessible online portal and it gives the information regarding the policy.
Suadhinta
Jalgaon, July 04, 2016
Child Plan
I have a child insurance plan. Policy coverage is good, claiming is easy and very simple to sanctioned the amount. Hassle free documentations and updates are mailed through internet service. This plan is giving me full satisfaction for my child's future.
Prashant
Almora, June 27, 2016
Nice
I bought child insurance plan in low premium. The service is good and claiming get easy due to this. The policy coverage is high and investment is low. The tax is saved in premiums and returns. My child's future is secure and now I'm tension free for my child. The updates are also mailed.
Kaamraj
Surat, March 21, 2016
Good Terms
My child policy plan for my child is great which i bought from aviva life insurance. The premiums are low and the paybacks are high. The policy coverage and claims are high (97%, Rs.34 L). Service is quick and the work is done in just blink of an eye. Always on time till now. Good investments and the policy save taxes also.
Saaras
Manesar, March 21, 2016
superb child plan
Superb child policy plan which provided by aviva life insurance. The policy coverage is 93% and the claims are ~Rs.25 L. The investment is ~Rs.25 K trice per year till policy end. Services are great and fast too. Great work guys.
Saajid
Raj_nagar, March 21, 2016
Great Policy Plan
The child policy plan i have from aviva life insurance is the great policy which provide the great benefits with low premiums. The service is fast and even the web services are good. The policy coverage is high and the claims are easily sanctioned due to executives facilitate and provides the service every time.
Kamadev
Gautam_buddha_nagar, March 21, 2016
Works For Me
I have child policy plan for my children from aviva life insurance. The policy coverage is 94% and the claims is approx. 29 L before policy maturation. The premiums is low ~Rs.2 L per year for both of them. The services is fast and always on time. Executives and staff members behave well. I'm impressed.
Kailash
Rajkot, March 21, 2016
Fair Policy
My child policy plan is with aviva life insurance. The policy plan is very well managed, Policy coverage is 83% and the claiming is easy because of fast service. The web services you provides is also nice. Lucky to have you guys.
Kabir
Siliguri, March 21, 2016
Nice Child Plan
Policy Plan which i took from aviva life insurance is good. Policy coverage and claims are high and the claiming procedure is easy no paper works, every thing is done by home. Nice child policy plan guys. Fantastic investment and tax cutter.
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