Everything You Need To Know About ABSLI Child's Future Assured Plan

ABSLI Child’s Future Assured plan provides dual benefits which are life cover and savings opportunity. This plan provides assured benefits which help you take care of your child’s future expenses such as higher education or your child’s marital expenses. You can choose to grow your corpus for either one of the important milestones in your child’s life or for both. ABSLI Child’s Future Assured plan provides financial security to the family of the life assured in case of an untimely demise of the life assured with the policy tenure. This plan also provides a maturity benefit, in case the life assured survives the entire policy tenure, the maturity benefit shall be provided at the end of the policy tenure. 

Features of ABSLI Child’s Future Assured Plan

Below mentioned are some salient features of the ABSLI Child’s Future Assured plan:

• Provides financial protection to the family of the life assured in the event of an unforeseen demise of the life assured during the policy tenure
• This plan is specifically designed to ensure your child’s future expenses such as higher education or marital expenses are taken care of
• 3 assured benefits available under this plan which are Education Milestone Benefit, Marriage Milestone Benefit or Education and Marriage Milestone Benefit
• Loyalty additions provided under ABSLI Child’s Future Assured plan, 20% of loyalty additions are provided at each scheduled payout in case 
• ABSLI Child’s Future Assured plan provides a maturity benefit which is equivalent to the assured benefit payable, which shall be provided at the end of the policy tenure
• 6 riders options available - Accidental Death and Disability Rider, Critical Illness Rider, Surgical Care Rider, Hospital Care Rider, Waiver of Premium Rider and Accidental Death Benefit Rider Plus
• Under this plan flexibility to choose the premium payment term and the policy term is provided
• ABSLI Child’s Future Assured plan also offers worry free goal achievement with the help of Policy Continuance Benefit

Eligibility Criteria for ABSLI Child’s Future Assured Plan

Below mentioned is the eligibility criteria to purchase an ABSLI Child’s Future Assured plan:

Also Read:

How Child Plan Helps You Plan For Your Child’s Future?

The Most Important Plan of All Investment Options: Child insurance

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.