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30-05-2017
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AVIVA FAMILY INCOME BUILDER (AVIVAINDIA) - Aviva Family Income Builder Doubles The Premium Paid After A Period Of Time. This Is A Good Children Read More
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Max New York Life College Plan : Money Back Plan Guaranteed

Keywords : Max New York Life College Plan Money Back Plan Children Plan Life Insurance Guaranteed Life Insurance Plan 

College education is the most critical juncture of your child′s life it′s the first time that your child moves out from the sheltered school life into the real world. It is most important that this college education experience is the very best for your child as it will be the defining phase that will shape their future.

Therefore it is essential that you start planning for your child′s professional education at the earliest, as the earlier you start, the better it will be towards meeting the needs of your child′s higher education. The best time to start planning is during the age group of 0-8 years as it gives you the maximum time period to be able to build a sizeable corpus till your child reaches college-going age i.e. 18 years.

Reversionary Bonus: The bonus option in this plan is ″compound reversionary bonus″. Compound Reversionary Bonus means that the previously declared bonuses will also participate in successive bonus declarations.

Terminal Bonus:
Living and Maturity Benefit:
Guaranteed cash backs every year from child′s age 18 to 21:

Child′s     Age Money Back (% of S.A.) 18       40% 19       20% 20       20% 21       40% + (Accrued Reversionary Bonus + Terminal Bonus, if any)

Total guaranteed money back / payout = (40%+20%+20%+40%) = 120% of Sum Assured

Payor Rider is mandatory.

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