Star Union Dai-ichi Child Plans

What are Child Plans?

Child plans are investment products designed to safeguard and secure your child's future. They combine insurance and investment features, offering:

• Financial protection: In the unfortunate event of the policyholder's passing, the plan provides a death benefit to the child, ensuring their financial needs are met.

• Maturity benefit: Upon policy maturity, a lump sum amount is paid out, which can be used for the https://collegevidya.com/blog/importance-of-education/ child's education, wedding, or other significant milestones.

• Tax benefits: Depending on the specific plan and your location, you may be eligible for tax deductions on premiums paid.

Star Union Dai-ichi Child Plans

Star Union Dai-ichi Life Insurance offers a variety of child plans to help secure your child's future financially. Below are the plans offered by them:

SUD Life Aashirwaad

Star Union Dai-ichi Life Aashirwaad is a child savings life insurance plan designed to help you secure your child's future financially. It's a non-linked, non-participating endowment plan, which means that the returns are guaranteed and not linked to the market performance. Here are some key features of the plan:

• Guaranteed maturity benefit: Upon policy maturity, your child will receive a guaranteed sum assured, which can help them with higher education, marriage, or other important milestones.

• Death benefit: In case of the unfortunate death of the policyholder, the nominee will receive the sum assured, providing financial support for the child's future.

• Multiple payout options: You can choose from various payout options at maturity, such as a lump sum payment, staggered payments, or an income stream.

• Tax benefits: You can avail of tax benefits under Section 80C and Section 10(10D) of the Income Tax Act on the premiums paid.

• Flexible policy terms: You can choose a policy term of up to 20 years and a premium payment term that suits your budget.

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

Plan at Glance

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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 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.

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Why are Child Plans Important?

• Child plans help in financially securing a child's future.

• They provide funds for education expenses.

• Child plans ensure financial stability in case of emergencies or unforeseen circumstances.

• They offer long-term investment options according to the child's needs.

• Child plans often come with insurance coverage, providing additional protection.

• These plans encourage disciplined savings for children's milestones.

• They can help alleviate the burden of financial responsibilities on parents/guardians.

• Child plans may offer tax benefits, making them a prudent investment choice.