Aditya Birla Sun Life Child Plans

Aditya Birla Sun Life Child Plans are a type of investment and insurance product offered by Aditya Birla Sun Life Insurance Company. These plans are specifically designed to help parents save and invest money for their child's future needs, such as education, marriage, or any other financial requirements that may arise as the child grows older.

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Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

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What are Child Plans?

Child plans are the best investment option to financially secure a child's future. These plans offer a combination of insurance and investment components, providing financial protection in case of the policyholder's demise and helping to build savings for the child's future needs, such as education, marriage, or other milestones. Child plans aim to ensure that children's goals and aspirations are supported, even in the face of unforeseen circumstances.

Aditya Birla Sun Life Child Plans

Child Plans by Aditya Birla Sun Life are financial products designed to financially safeguard your child's future. They combine investment and insurance features to meet your child's needs, even if you're not around. Here are some of the popular child plans offered by Aditya Birla Sun Life:

ABSLI Child Future Assured Plan

ABSLI Child's Future Assured Plan is a life insurance savings plan designed to help you secure your child's important milestones, like education and marriage. It offers guaranteed benefits and protects your child's future even if you're not around.

Here are the key features and benefits of the plan:

  • Flexibility: Choose to save for education, marriage, or both. Select your preferred policy term and premium payment duration.

  • Assured Benefits: Get guaranteed payouts for your chosen milestones.

  • Enhanced Coverage: Increase your life insurance coverage with an optional rider for additional financial protection.

  • Death Benefit Protection: In case of your unfortunate demise, your nominee receives:

    • Guaranteed benefits as planned.

    • Any remaining sum assured as a lump sum.

    • Future premiums are waived off.

    • Option for immediate lump sum payment to the nominee.

  • Loyalty Additions: Earn a 20% bonus on your assured benefits for paying all premiums on time.

  • Maturity Benefit: Receive the assured sum at the end of the policy term.

  • Choose to receive the death benefit as a lump sum or staggered payments.

  • Option to avail tax benefits on premiums paid

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Plan at Glance

Entry Age 18–65 years (50 years if Enhanced Insurance cover is chosen)
Maximum Maturity Age 75 years
Premium Paying Term Minimum: Education Milestone Benefit/Marriage Milestone Benefit: 5 years
Education and Marriage Milestone Benefit: 6 years
12 years (maximum)
Minimum Sum Assured Rs. 4,00,000
Maximum Sum Assured No Limit (subject to Board Approved Underwriting Policy)
Minimum Annualized Premium Rs. 30,000 p.a.
Payment Mode Annual, Semi-Annual, Quarterly, Monthly

Plan Options
Education Milestone Benefit Policy Term: 10 to 29 years
Marriage Milestone Benefit Policy Term: 8 to 32 years
Education and Marriage Milestone Benefit Policy Term: 11 to 32 years

Investment Investment
Secure Secure
Child Banner
Secure your child’s future with or without you
Start Investing
& Get
₹1 Crore*
*Standard T & C Apply

ABSLI Vision Star Plan

The ABSLI Vision Star Plan is a child insurance plan designed to provide financial security for your child's future needs, including education and other milestones. 

Here are the key features and benefits of the plan:

  1. Assured Payouts:

    • Starting from 5 years after the premium payment term ends, you receive pre-defined regular payouts as a percentage of the chosen Sum Assured.

    • You can choose between biannual or annual payouts to match your needs.

  2. Flexibility:

    • You can customise the premium payment term and policy term to fit your financial situation and goals.

    • Your savings grow over time through bonus accumulation.

  3. Maturity Benefit:

    If your child survives the policy term, you receive the accrued bonus and any applicable terminal bonus.

  4. Death Benefit:

    In case of your unfortunate passing during the policy term, a predetermined sum is paid to your nominee, ensuring your child's financial needs are met.

  5. Additional Protection: Enhance your coverage with optional riders at an extra cost:

    • Accidental Death and Disability Rider

    • Critical Illness Rider

    • Surgical Care Rider

    • Hospital Care Rider

    • Waiver of Premium Rider

    • Accidental Death Benefit Rider Plus

  6. Reduced Paid-Up Benefit:

    If you stop paying premiums after 2 years, the policy continues with a reduced Sum Assured without lapsing.

  7. Plan at Glance

    Criteria Minimum Maximum
    Entry Age 18 years 55 years
    Maturity Age - 75 years
    Policy Term For Option A - 16 years (maximum of 23 years)
    For Option B - 14 years (maximum of 21 years)
    Premium amount Depends on the coverage, tenure and age
    Sum Assured Rs.1 lakh No limit
    Premium Payment Term 5 years 12 years
    Premium Paying Frequency Yearly, half-yearly, quarterly or monthly
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Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans
Standard T&C Apply *

Why Choose Child Plans?

  • Secure your child's future financially.

  • Ensure financial stability for their education and other needs.

  • Protect against uncertainties and unforeseen circumstances.

  • Provide a financial cushion for milestones like education and marriage.

  • Start early to maximise investment growth and build a substantial corpus.

  • Ensure your child's goals and aspirations are supported, regardless of what the future holds.

People also read: Sukanya Samriddhi Yojana Calculator

Applying for a Child Plan from the company:

  1. Online

    The company offers specific plans that are only available online. The customer only 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.

Aditya Birla Sun Life Child Plans - FAQs

  • Can my 15-year-old be covered by ABSLI Child's Future Assured Plan?

    Yes, your 15-year-old can be covered. However, policy terms vary from 8 years for the Marriage Milestone Benefit, 10 years for the Education Milestone Benefit, and 11 years for the Education and Marriage Milestone Benefit. Consider these before finalising.
  • How much coverage is needed for a child's future?

    Coverage should cover family expenses, including education and marriage costs, ensuring their lifestyle remains unaffected in your absence.
  • When can the money be withdrawn from ABSLI Child’s Future Assured Plan?

    Money cannot be withdrawn, but assured benefits are payable as follows:
    • Education Milestone Benefit: This can be timed based on educational needs.

    • Marriage Milestone Benefit: Payable at the end of the policy term.

    • Death Benefit: The sum assured goes to the child if the policyholder passes away during the term.

  • Is a child insurance plan mandatory?

    A child insurance plan secures your child's goals, offering protection against uncertainties and ensuring their future is safeguarded.
  • When is the best time to buy this plan?

    Starting early secures your child's future sooner. With a long investment horizon, this plan helps build wealth periodically, providing a corpus at each milestone.
  • How to pay premium? What are the modes of payment available?

    You can pay your Aditya Birla Sun Life Insurance premium through ANY these following methods:
    • Cash Payment is Accepted
    • Online Payment- Debit/credit or NEFT
    • Cheque Payment
    Step 1: Enter your policy details – policy number and policyholders date of birth
    Step 2: Select your payment method- debit/ credit card or NEFT to pay the premium
    Step 3: Authenticate and confirm your payment details and print online payment receipt
  • How can I check policy status for Aditya Birla Sun Life child plans?

    For all Aditya Birla Sun Life Insurance policyholders, online checking of policy status is available.
    To check the policy status online, log into the e-portal with your Client ID and password.
  • What is the policy renewal process for Aditya Birla Sun Life child plans?

    The process of Online Policy Renewal facility is as follows:
    • Step 1: Log into the e-Portal with your valid credentials
    • Step 2: Use the mode of payment to renew your policy
    • Step 3: Print the payment receipt
  • What is the company’s process to settle claim for Aditya Birla Sun Life child plans?

    The claims must be lodged after 30 days of the expiry of a medical diagnosis or treatment. This process involves a written intimation by the beneficiaries to the claims department, duly signed by the Municipal Authority/Magistrate.
    Upon receiving the application, Claims Department sends the claimant a required set of documents including claim forms to be duly filled and sent back for processing the same.
  • What is the policy cancellation process for Aditya Birla Sun Life child plans?

    The Birala Sun Life Insurance policyholders must attach all the relevant policy documents along with a duly filled surrender form at any of the branch locations in their city. The surrender value will be calculated as per the prevailing market rates if the form is submitted before 3:00 PM, else the next day’s value is applicable.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:-
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

Child Plan


Child Plan


Secure your Child’s
Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Child Plan 2
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Aditya Birla Sun Life Child Plans Reviews & Ratings

4.5 / 5 (Based on 25 Reviews)
(Showing Newest 10 reviews)
Kurukshetra, September 27, 2016
Birla Life Insurance
Policy I purchased from birla sun life insurance is for my child. Premium of the policy is less and claims are high which is very simple to sanction. Policy coverage is high ~90% and service is fast which is provided by the executives of the company.
Lucknow, August 19, 2016
Child Future Security
I have finally found a policy for my child which i buy from birla sun life insurance company. The policy coverage is fantastic and it's premium is less. Claims are high which can be easily sanctioned with help of executives of the insurance company.
Durgapur, July 18, 2016
High Coverage
Birla life insurance is very good insurance company, i purchase child insurance plan and it has great benefits and returns. The premium is low and claims are high which is easy to get due to fast service provided by the staff members.
Khair, July 05, 2016
Child Plan
My father gave me a very nice future securing insurance policy plan which has low premiums and high returns. Child insurance plan, it has good terms and conditions with well behaviour by the staff of the company. Claiming is easy due to fast service.
Ajmer, June 28, 2016
The child plan I have for my child is very good and has many benefits. The premium is low and the claims are high. Policy coverage is high and easy to sanction the claims due to fast service facilitate by the company members. Updates are also mailed to email id.
Navi_mumbai, March 31, 2016
Quality Investment
Finally found the policy for my child and buy it and the plan is birla sun life child insurance policy plan. The policy coverage is high and the premiums are low. The service provided by you guys is superb and the behaviour of your staff is great with good response. Nice future investment with tax saving.
Varanasi, March 31, 2016
Above Average
I purchase birla sun life insurance child insurance policy plan. The policy coverage is high ~93% and the claims are good. The premiums are low approx. 17 K thrice per year. The returning amount is around Rs.27 L. The service provided by the executives is good and the behaviour is nice.
Muktsar, March 31, 2016
Great Deal
My child policy plan is with birla sun life insurance. The policy premium is low and the policy coverage is high. The service is fast and the claiming is become easy without any paper work. The payback amount is around Rs.31 L after policy get mature. Nice future security and it save tax also.
Chittaurgarh, March 31, 2016
Superb child policy plan which provided by birla sun life insurance. The policy coverage is 69% and the claims are ~Rs.19.8 L after policy ends. The investment is ~Rs.13 K quarterly per year till policy end. Services are great and fast too. Great work guys. I like the policy plan.
Agartala, March 31, 2016
Fantastic Policy Plan
Policy coverage is high ~93% and the policy claims are high. Premiums are low approx. 27.1 L quarterly per year. Nice child policy plan which is good investment for future and it save taxes also. Service is very good which facilitate by the executives and staff members. Good job guys.
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