Aviva India launches child plan

MUMBAI: In order to tap huge opportunity in India, Aviva India on Thursday launched Aviva Young Scholar, a comprehensive child plan that enables one to secure their child���s future in any eventuality.

Besides attractive returns on maturity, this plan pays a sum assured upfront incase of the parent���s unfortunate demise/critical illness. In addition, all future premiums are waived off and it also provides for regular income for the child till the age of 17.

A recent survey conducted by Aviva Life Insurance across 25 countries around the world on consumer attitude to savings (CAS) shows that Indians consider investment in child education as their key priority for the future.

According to the survey, as high as 44 per cent of the Indian consumers would invest in education for their family compared to a mere 17 per cent across the world.

Speaking on the occasion, T R Ramachandran, CEO and Managing Director, Aviva Life Insurance India said, ���Leveraging on this insight and India���s demographic trend wherein 70 per cent of the population is below 30 years of age (young parents), we decided to launch Aviva Young Scholar. Aviva Young Scholar is a life insurance product that will benefit the child as well as ease parents of their worries on child education.���