Is Aditya Birla Sun Life Insurance Child Plan good?
Updated On Oct 24, 2021
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As a parent, you want to give your child the finest of everything. Isn't that so? Child insurance plans assist you in your endeavor while also securing their future by allowing them to pursue their ambitions. Child plan guarantees that money is not a barrier while you are on your way to achieving significant milestones for your children, such as schooling, further education, and marriage, by providing triple advantages of insurance, saving, and investing. With our Child plans, you can be a part of your child's progress.
What Are The Benefits Of Having A Child Insurance Policy?
Child insurance policies are designed to protect your child's financial future while you are away and to guarantee that all of his or her requirements are met in the event of a disaster. They provide you peace of mind and help you create a substantial fund for your child's future requirements, such as school and marriage, among other things.
Benefits Of Child Insurance Policy
- Ensures your child's financial security while you are away.
- Builds a corpus for children's wellbeing.
- Assistance with finances for child marriage
- Benefits from the tax code
Child Insurance Plans Offered By Aditya Birla Sun Life Insurance
Aditya Birla Sun Life Insurance offers two Child life insurance policies, which are detailed below:
1. ABSLI Future Assure Plan for Children
ABSLI Child's Future Assure is a life insurance and savings plan that provides you with guaranteed benefits to assist you to cover major life events such as schooling and marriage expenditures for your child. If you make regular premium payments, you will get a 20% loyalty bonus, which will be added to the guaranteed benefit at each scheduled distribution.
Features and Advantages
Following are the features and advantages of ABSLI Future Assure Plan for Children:
- Death Benefits are available.
- Offers Loyalty Bonuses That Are Guaranteed
- Benefits from Maturity
- The ability to customize coverage by selecting from six different riders
2. Vision Star Plan of ABSLI
ABSLI Vision Star plan provides life insurance and regular lump sum payouts to assist you to finance your child's education and guarantee the child's future even if you are not present. This plan includes two Assured Payout choices from which one may pick based on their needs.
Features and Advantages
Following are the features and advantages of the Vision Star Plan of ABSLI:
- Two Guaranteed Payout Options are Available Offers of Death Benefits Advantages of Maturity
- Option to choose a Premium Payment Term
- Flexibility in selecting a policy term
The majority of us would agree that children are society's future generation, and few things are more essential than ensuring the safety and happiness of our children. While we all want to save for our future, our intentions for doing so frequently fail to materialize. As a result, making a strategy and starting to save is a smart idea. The Child plan can be registered in the child's name or in the name of the parent. When you require money for your child's needs, the insurance should be flexible and effective. Aditya Birla is a businessman and philanthropist. Aditya Birla is a businessman and philanthropist ABSLI Vision Star and ABSLI Child's Future Assure are two child plans offered by Sun Life Insurance. Child insurance policies from Aditya Birla Sun Life help you ensure that your child's desires are honored even if you are no longer alive.
Also read - Child Insurance Plans: Know All About Them
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.