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SUD Life Bright Child Plan: features & benefits

The primary focus of your life as a parent must be on your children. As a reasonable parent, you must properly prepare for their future by ensuring that you make the most use of your hard-earned earnings and thereby safeguard their financial future. SUD Life Bright Child guarantees that your corpus grows over time while you have active access to it when you need it the most. The plan is set out in such a manner that there are no gaps in terms of supporting your children's further education and wedding. Furthermore, in the sad event of your death, your loved ones will be protected for the whole sum promised, as well as any future premiums, to relieve your family of the financial burden.

Features  And Benefits of SUD Life Bright Child

The following are the best characteristics that SUD Life Bright Child inherited:

1. Flexibility

The plan allows you to pick between two types of funding: Career Endowment and Wedding Endowment.

2. Benefits for Children

Whether you are present or not, your Child is entitled to child benefits, which are determined by the plan choice you select at the start of the policy.

3. Booster of Advantages

Benefit Boosters are supposed to be paid out at the end of the insurance period. The amount due is determined by your child's age at the time of the policy's start, as well as the plan type you choose.

4. Mode of Payment: Premium

The premium can be paid annually, half-yearly, quarterly, or monthly (Monthly Mode is only available via ECS/SI).
Guaranteed Rebate of a Large Amount

For plans with a total assured of more than INR 6 lakhs, the plan gives refunds.

5. Options for Riders

SUD Life Accidental Death and Total and Permanent Disability Benefit Rider and SUD Life Family Income Benefit Rider are two rider options available to policyholders.

6. Reduced Insurance Premiums for Those Who Have Paid Up

If you are unable to pay at least three full years' premiums, the policy will be downgraded to a paid-up status.

7. Surrender of Policy

Under specific situations, as specified by the firm, the policyholder is permitted to surrender 
the policy.

8. Revival/Reinstatement of Policy

You can revive your lapsed policy or restore your reduced paid-up policy if you file a revival/reinstatement request within two years after the initial unpaid premium.

9. Benefit from Taxes

Tax advantages, including tax deductions on premiums paid and benefits received, are available under current tax legislation.

10. Grace period.

The grace period is 15 days in the monthly mode and 30 days in the annual, half-yearly, and quarterly modes from the date of the unpaid premium.


SUD Life Bright Child gives you the peace of mind that your child is getting the best start in life, whether it's for further education or a happy married life. In the event of death, you are covered for the total sum assured, and all future premiums are waived, and the benefits are paid according to the plan's schedule. SUD Life Bright Child ensures that your money grows while allowing you to access it when you need it most. The plan is set up in such a manner that there will be no surprises when it comes to paying for their higher education and wedding.

Also read - Reasons Why One Must Invest In A Child Life Insurance Plan

Investment Options to Secure the Future of your Child

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.

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