Aditya Birla Sun Life Child Plans

What are Child Plans?

Child plans are the best investment option to financially secure a child's future. These plans offer a combination of insurance and investment components, providing financial protection in case of the policyholder's demise and helping to build savings for the child's future needs, such as education, marriage, or other milestones. Child plans aim to ensure that children's goals and aspirations are supported, even in the face of unforeseen circumstances.

Aditya Birla Sun Life Child Plans

Child Plans by Aditya Birla Sun Life are financial products designed to financially safeguard your child's future. They combine investment and insurance features to meet your child's needs, even if you're not around. Here are some of the popular child plans offered by Aditya Birla Sun Life:

ABSLI Child Future Assured Plan

ABSLI Child's Future Assured Plan is a life insurance savings plan designed to help you secure your child's important milestones, like education and marriage. It offers guaranteed benefits and protects your child's future even if you're not around.

Here are the key features and benefits of the plan:

• Flexibility: Choose to save for education, marriage, or both. Select your preferred policy term and premium payment duration.

• Assured Benefits: Get guaranteed payouts for your chosen milestones.

• Enhanced Coverage: Increase your life insurance coverage with an optional rider for additional financial protection.

• Death Benefit Protection: In case of your unfortunate demise, your nominee receives:

  • Guaranteed benefits as planned.

  • Any remaining sum assured as a lump sum.

  • Future premiums are waived off.

  • Option for immediate lump sum payment to the nominee.

• Loyalty Additions: Earn a 20% bonus on your assured benefits for paying all premiums on time.

• Maturity Benefit: Receive the assured sum at the end of the policy term.

• Choose to receive the death benefit as a lump sum or staggered payments.

• Option to avail tax benefits on premiums paid

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Plan at Glance

Investment

Secure

Secure your child’s future with or without you

Start Investing

₹10,000/Month

& Get

₹1 Crore^*

VIEW PLANS

*Standard T & C Apply

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ABSLI Vision Star Plan

The ABSLI Vision Star Plan is a child insurance plan designed to provide financial security for your child's future needs, including education and other milestones. 

Here are the key features and benefits of the plan:

1. Assured Payouts:

   • Starting from 5 years after the premium payment term ends, you receive pre-defined regular payouts as a percentage of the chosen Sum Assured.

   • You can choose between biannual or annual payouts to match your needs.

2. Flexibility:

   • You can customise the premium payment term and policy term to fit your financial situation and goals.

   • Your savings grow over time through bonus accumulation.

3. Maturity Benefit:

   If your child survives the policy term, you receive the accrued bonus and any applicable terminal bonus.

4. Death Benefit:

   In case of your unfortunate passing during the policy term, a predetermined sum is paid to your nominee, ensuring your child's financial needs are met.

5. Additional Protection: Enhance your coverage with optional riders at an extra cost:

   • Accidental Death and Disability Rider

   • Critical Illness Rider

   • Surgical Care Rider

   • Hospital Care Rider

   • Waiver of Premium Rider

   • Accidental Death Benefit Rider Plus

6. Reduced Paid-Up Benefit:

   If you stop paying premiums after 2 years, the policy continues with a reduced Sum Assured without lapsing.

7. Plan at Glance

   Criteria	Minimum	Maximum
   Entry Age	18 years	55 years
   Maturity Age	-	75 years
   Policy Term	For Option A - 16 years (maximum of 23 years) For Option B - 14 years (maximum of 21 years)
   Premium amount	Depends on the coverage, tenure and age
   Sum Assured	Rs.1 lakh	No limit
   Premium Payment Term	5 years	12 years
   Premium Paying Frequency	Yearly, half-yearly, quarterly or monthly

Why Choose Child Plans?

• Secure your child's future financially.

• Ensure financial stability for their education and other needs.

• Protect against uncertainties and unforeseen circumstances.

• Provide a financial cushion for milestones like education and marriage.

• Start early to maximise investment growth and build a substantial corpus.

• Ensure your child's goals and aspirations are supported, regardless of what the future holds.

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Applying for a Child Plan from the company:

1. Online

   The company offers specific plans that are only available online. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through a credit card, debit card or net banking facilities, and the policy will be issued.

2. Intermediaries

   Plans that are not available online can be purchased from agents, brokers, banks, etc., where the intermediaries help with the application process.

How to Buy Child Plans Through Policybazaar?

To buy a child plan from PolicyBazaar, follow these steps:

• Visit the PolicyBazaar homepage and navigate to the "Personal" tab.

• Click on "Child Plans" from the dropdown menu.

• Fill out the lead form by providing your name and mobile number.

• After filling out the lead form, click on the "View Plans" button.

• Provide details such as your city, income, your age, and your child's age on the next page then click "Continue."

• You will be directed to the quotes page, where you will find quotes from more than 10 insurers.

• Next, choose the plan type based on the payment schedule – whether it's a one-time payout or a Monthly Payout Plan.

• Select the plan that best suits your needs and click on "Get details".

Following these steps will guide you through the process of purchasing a child plan from Policybazaar.