Aviva India has launched a new policy "Aviva Young Scholar", a comprehensive child plan that enables one to secure their child’s future in any eventuality.This plan enables you to create wealth that your child will require for important milestones in his life and also ensures that the same is made available to him even if you are not around.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.

Aviva Young Scholar is a comperehensive child plan that secures your child's future through:
-Attractive returns to build the desired corpus.
-Waiver of future premiums so the policy continues in the event of the parent's death, disability or critical illness, while the Sum Assured is paid out immediately.
-Regular income for the minor child to meet everyday expenses in the event of the parent's death.

This is a Children's Money Back Plan that provides financial protection against death during the term of plan with periodic payments on survival at specified durations. It can be availed by parents having children aged between 0 to 10 years.

Features
· Parents can propose the child's life.
· Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, up to the policy anniversary immediately after the life assured (child) attains 18 years of age or till the earlier death of the life assured
· Risk commences after 2 years from the date of commencement of policy or on policy anniversary following completion of 7 years by the child, whichever is later.

Education Insurance Plan

ICICI Prudential offers an education insurance plans that are designed to provide peace of mind to you, as a parent, that your child's education will be secure. These plans ensure that money is made available at the crucial junctures in a child's education - Class X, Class XII, graduation and post-graduation - to fund crucial commitments for the child's future.

Importantly, education insurance plans ensure that in the unfortunate event of the death of a parent, the child's education continues unhampered.

Under the education insurance plans platform, ICICI Prudential brings the following products to you:-

Plan Name

1. SmartKid New Unit-linked Regular Premium
2. SmartKid New Unit-linked Single Premium
3. SmartKid Regular Premium

Features and benefits of SmartKid

1. SmartKid New Unit-linked Regular Premium
SmartKid New Unit-linked Regular Premium is a unit-linked plan, which enables you and your child to accumulate wealth by virtue of the performance of the underlying market-linked instrument. Features of the plan:

This is an Endowment Assurance Plan available for children b/w 1 year and 12 years of age, with risk commencing at an early age. The policy may be purchased by any of the parent/grand parent.

Features
· Children between ages 1 and 12 years are eligible.
· Parents can propose the child’s life.
· Sum assured is payable either on survival to the term or on death happening within the term
· Premiums are payable yearly, half-yearly, quarterly or monthly throughout the term of the policy or till earlier death of child.

Risk Commencement Age
· For children aged 1 to 4 years, risk commences from policy anniversary after attaining age 7 years

This is an endowment assurance plan, specially designed for people who wish to protect their families from a financial crisis that may occur due to untimely death and in particular to meet the educational and marriage expenses of children.

Features
. Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, as opted by you, throughout the term of the policy or earlier death.

Lic Children Plans| Lic of India

It is designed to meet the increasing educational, marriage and other needs of growing children.

Features
· It provides the risk cover on the life of child not only during the policy term but also during the extended term (i.e. 7 years after the expiry of policy term).
· A number benefits can be availed on surviving by the life assured to the end of the specified durations
· You may choose Sum Assured (S.A.), Maturity Age, Policy Term, Mode of Premium payment and Premium Waiver Benefit
· Premiums can be paid yearly, half yearly, quarterly, monthly or through salary deductions over the term of policy and it can be paid either for 6 years or up to 5 years before the policy term