What are the 11 benefits of the SVY Premium Plan?
Annual benefit, ₹750 scholarship, special financial support, higher education scholarship, health insurance, student personal accident insurance, accident insurance for each parent, student term life insurance, special scholarship (Class 5 to 10), general scholarship (above 10 years) and DigiSeed membership — for a plan fee of ₹1399.
How is the Annual Benefit given?
The Annual Benefit is up to ₹500 every year for 10 years — a total benefit of up to ₹5,000, as per company rules and eligibility.
When is the ₹750 scholarship given?
Premium members receive the ₹750 scholarship 180 days after joining, as per the terms.
What is the Special Financial Support?
Up to ₹1,000 financial assistance. It is processed after 365 days of joining and paid within the next 3 months, as per company rules.
How much health cover is there and how many claims can I make?
Regular Plan: up to ₹25,000 a year. Premium Plan: up to ₹50,000 in the first year and up to ₹25,000 a year from the second year. Up to 6 claims can be made in a year, and non-hospitalization claims are covered up to ₹2,000 each.
When do the benefits start?
All benefits become active 30 days after joining. Higher Education Scholarship can be applied for 2 years after joining (amount paid to the college account), General Scholarship after 365 days (once in each policy year), and Special Scholarship only from 01–10 January, April and August, with limited seats.
What is DigiSeed Membership?
Each Premium member gets 199 DigiSeed, with benefits of digital learning and educational facilities.
Which benefits are included in the Regular Plan (₹399)?
Health cover up to ₹25,000, student accident cover ₹1,00,000, student life security ₹1,00,000, higher education scholarship up to ₹1,00,000, interest-free entrepreneurship support of ₹25,000 – ₹2,00,000 (age 18+) and the special scholarship for Class 5 to 10 students.
