Aditya Birla Sun Life Insurance Child Plan
Published On Mar 26, 2021, Updated On Apr 26, 2021
Table of Contents
What are Child Insurance Plans?
Child Plans offer the dual value of life insurance and savings. This program allows policyholders to protect the future of their children while, at the same time, developing a savings corpus to better achieve the key milestones of a child's life. In the case of a child insurance contract, the adult is the purchaser of the fund and the child is the beneficiary.
Why Do You need a Child Plan Policy?
Child insurance policies are designed to guarantee the financial future of your child in your absence and to ensure that all of your child's interests are well taken care of in the event of an unforeseen event.
Benefits
- Provides financial security for your child and in your absence
- Builds corpus for the welfare of children
- Financial assistance for child marriage
- Tax advantages: Tax benefits
Must Read: Top Reasons To Buy A Child Insurance Plan
Child Insurance Plans Offered By Aditya Birla Sun Life Insurance
Aditya Birla Sun Life Insurance offers 2 child life plans discussed below:
1. ABSLI Child’s Future Assure Plan
ABSLI Child’s Future Assure plan is a life insurance cum savings plan, which offers you assured benefits that help you take care of the important event of your child’s life such as education and marriage expenses. Under this plan you get a 20% loyalty addition which adds to the assured benefit at each scheduled payout, if you make regular premium payments.
Features and Benefits
- Offers Death Benefits
- Offers Guaranteed Loyalty Additions
- Offers Maturity Benefits
- Flexibility to enhance the coverage by choosing from 6 different riders
2. ABSLI Vision Star Plan
ABSLI Vision Star plan life coverage along regular lump sum payouts that helps you finance your child’s education & secure the child’s future even in your absence with comprehensive financial protection. This plan has 2 Assured Payout options that one can choose from according to their requirements.
Features and Benefits
- Availability of 2 Assured Payout Options
- Offers Death Benefit
- Offers Maturity Benefits
- Flexibility to choose Premium Payment Term
- Flexibility to choose Policy Term
Do Read: How Are Child Plans Different From Sukanya Samriddhi Yojna?
Conclusion
Aditya Birla Sun LIfe Insurance offers 2 child plans namely ABSLI Vision Star plan and ABSLI Child’s Future Assure plan. Aditya Birla Sun Life child insurance policies help you ensure that your child is not denied his or her wishes even though you are no longer around.
Also Read: List of Top 5 Child Plans In India 2021
