ABSLI Child's Future Assured Plan

As a parent, it's quite apparent to be concerned about your child's future. It's every parent's dream to provide financial stability to their children at every critical milestone. Having a child insurance plan offers the security that your young ones always remain on track, with you or without you.

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Best Child Saving Plans
  • Insurer pays your premiums in your absence

  • Invest ₹10k/month and your child gets ₹1 Cr tax free*

  • Save upto ₹46,800 in tax under Section 80(C)

*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
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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ABSLI Child's Future Assured Plan ensures that your child's aspirations are never compromised. Be it marriage or education, the plan offers assured benefits to cover such important life-events. You can accumulate enough regular premiums to receive a lump-sum amount in the future and provide for your child's dream education or a grand wedding.

In case of any misfortune, all the remaining premiums are waived off, and the policy continues to cover all key events in your child's growth story even when you are absent.

Parameters

Details

Policy Term

  • Education Milestone Benefit: 10 to 29 years
  • Marriage Milestone Benefit: 8 to 32 years
  • Education and Marriage Milestone Benefit: 11 to 32 years

Premium Paying Term

Minimum:

  • Education / Marriage Milestone Benefit: 5 years
  • Education and Marriage Milestone Benefit: 6 years

Maximum: 12 years

Premium Paying Mode

Annual, Semi-Annual, Quarterly, and Monthly

Entry Age

Age as of last birthday in between 18 -65 years of age.

Maturity Age

75 years

Grace Period

30 days( 15 days for monthly mode)

Sum Assured

Minimum: Rs. 4,00,000

Maximum: No Limit. It is subject to Board Approved Underwriting Policy.

Liquidity

A loan can be taken against the policy once it acquires surrender value.

Benefits of ABSLI Child's Future Assured Plan

Assured Benefits

The plan provides your child with assured benefits on their key milestones, including education, marriage, or both. You can choose an option while buying the policy and receive assured benefits under the same.

  • Education Milestone Benefit: The plan assures a fixed percentage of the sum assured as annual payouts, the tenure of which can be set to coincide with your child's important educational events, be it high-school, graduation, or post-graduation.
  • Marriage Milestone Benefit: You get to select a policy term for your child's marriage at the time of policy inception. The plan assures you a lump-sum payout at the end of the chosen policy term when your child falls within the age bracket 24 to 32 years.
  • Education and Marriage Milestone Benefits: As the name suggests, both Education and Marriage benefits can be chosen under this option.

Maturity Benefit

It's the Assured Benefit amount payable towards the end of the ABSLI Child's Future Assured Plan policy term.

Death Benefit

In case of an unfortunate demise of the life insured, the nominee is paid in one of the following ways:

  • Assured benefits will continue to be paid as per respective dates chosen and
  • He will also get any amount in excess of the sum insured paid as lump-sum immediately.
  • All future premiums will be waived off.

Or

  • The nominee has the right to opt for a lump-sum payment. In that case, the policy will be terminated and higher of the sum insured, or all future assured payments at a discounted value, will be paid immediately.

Loyalty Addition

If you're pro-active with your premium payments, you will be rewarded 20% extra on your Assured Benefits after each scheduled payout.

The premium for ABSLI Child's Future Assured Plan

With ABSLI Child’s Future Assured plan, you can get funds in the future for your child's wedding or education. In case of any unfortunate event, the remaining premiums will be waived off.

The premiums will vary as per the plan variant, age of the policyholder, policy term, the sum assured, and Premium Paying Term.

The premium can be paid yearly, half-yearly, monthly, or even quarterly.

Minimum Annualized Premium- Rs 30, 000 p.a.

*Standard T&C Apply

Additional Riders for ABSLI Child's Future Assured Plan

Following riders can be added at a fraction of the cost for adding protection and enhancing your insurance cover.

  • ABSLI Accidental Death and Disability Rider
  • ABSLI Hospital Care Rider
  • ABSLI Critical Illness Rider
  • ABSLI Surgical Care Rider
  • ABSLI Accidental Death Benefit Rider Plus
  • ABSLI Waiver of Premium Rider

Eligibility for ABSLI Child's Future Assured Plan

The eligibility for this plan is 18 to 65 years. If an enhanced insurance cover is chosen, then the entry age is up to 50 years.

The maximum maturity age is 75 years.

How to buy ABSLI Child's Future Assured Plan online?

  • You can log on to the company's website.
  • Provide all the details after choosing the required plan and coverage.
  • The premium will be calculated as per the fields populated.
  • You can then pay the premium online using a debit card, credit card, or net banking facilities and the policy will be issued to you after that.

Exclusions of ABSLI Child's Future Assured Plan

If the life insured commits suicide within 12 months from the policy's commencement, the total premium paid till date or the surrender value available as of death date is paid out. The amount prescribed in the death benefits section is no more applicable.

FAQs

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 25 Reviews)
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ABSLI Child's Future Assured Plan Reviews & Ratings

4.5 / 5 (Based on 25 Reviews)
(Showing Newest 25 reviews)
Piyush
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.
Ujval
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.
Niharika
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.
Mannu
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.
Dishant
Ajmer, June 28, 2016
Good
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.
Kunal
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.
Laxman
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.
Sehvag
Chittaurgarh, March 31, 2016
Good
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.
Chandan
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.
Vikram
Kota, March 31, 2016
Perfect Child Policy Plan
Perfect child policy plan which i buy from birla sun life insurance. Policy coverage is 93% and the premiums are low ~27.8 K thrice per year. The claims are high around 29 L after policy ends. The claiming process is easily done due to fast service provided by the executives and staff members.
Sumeet
Chattarpur, March 31, 2016
Good Policy Coverage
I buy child policy plan with birla sun life insurance which has very good policy coverage ~ 97%. The service is also good, fast and on time. The claims are high approx. 33.9 L and claiming process is easy because the executive and staff members providing good response and quick services. Nice work great policy.
Saurabh
Bareilly, March 31, 2016
Best Policy Plan
The best child policy plan i bought from birla sun life insurance and the policy plan is awesome. The policy coverage is 93% and the claims are 36.7 L after policy get mature. The investment is low and the returns are high. Good future plan with tax protection. I like my policy very much.
Prabhjot
Panipat, March 31, 2016
Super Plan
My child policy plan is very good and the insurer is birla sun life insurance. The policy has many benefits like good investments for future and it save taxes also. Policy coverage is 89% and the claims are around 37 L after policy ends. Fair Terms and Conditions. I like the policy plan.
Anurag
Dhaleswar, March 31, 2016
Super Policy
I purchase child policy plan from birla sun life insurance. The policy coverage is 83% and the claims are good with low premiums. Service you provided is very quick and the behaviour of the executives and staff members is nice. Good future investment and it reduces taxes also. Nice policy plan.
Ranbir
Kurukshetra, March 31, 2016
Best Plan
I own child policy plan which i buy from birla sun life insurance. Policy have various benefits but the policy coverage is the best. Approx. 97% is covered in the policy. Claims are high and the premiums are low. Service is good. Nice future investment which saves tax also.
Jayant
Bhopal, March 31, 2016
Fair Policy Plan
I purchase birla sun life insurance policy plan and took child insurance policy plan. Policy coverage is good 91% and the payback amount is 29 L in 19 years. Claims are easily get due to great services by executives of the company. Nice future investment and it saves taxes also.
Deepshikha
Darjeeling, March 31, 2016
Satisfactory
I have birla sun life insurance child policy plan. Policy coverage is good 81% but the premium is low. Service provided is bit slow and claims are good and Rs.23 L is the amount i get after policy get end. I just wanted to say that satisfactory policy plan.
Kamal
Deoli, March 31, 2016
Damn Good
My child policy plan is not super policy but an average one. Birla sun life insurance provide wide range of policies. My policy coverage is good 80%. Service is nice and work is done in short period of time. Claims are high and the payback amount is 29 L after policy get mature. The service provided by the executives and staff members are really nice.
Ojasvi
Bikaner, March 31, 2016
Good Policy Coverage
I buy a child policy plan for my child from birla sun life insurance. Policy coverage is high 91% but the premium is low. Claims are easy to get because of the fast service provided by the executives and staff members. Daily updates are also mailed to me time to time. Fine policy good work.
Dinesh
Bhiwani, March 31, 2016
Average Policy
I purchase child policy plan by birla sun life insurance. Policy coverage is 93% and the claims are high. Premium is low and the services are fast and with great response from executives and staff members of the company. I'm happy with the plan, nice job guys.
Mayank
Kota, March 31, 2016
Very Good
I found awesome child policy plan from birla sun life insurance. The claim is high and the policy coverage is 90%. Service you provided is fast and very quick. Daily updates are mail and texted to me. The policy is good for future investment and it saves taxes also.
Jiten
Ghaziabad, March 31, 2016
Okay
I had child policy plan for my child through birla sun life insurance child plan. The policy is nice, Good policy coverage ~91% and claim amount is Rs.27 L after policy get mature. But the service is bit slow, please improve it. And the behaviour of the executives and staff members are nice.
Prashant
Agra, March 31, 2016
Fine
Recently i bought a child insurance policy plan for my child from birla sun Life Insurance. The policy having great deals and low premiums. The policy coverage is approx. 86% and the services are even better and on time. The claims are the best. Really happy with the policy.
Abhinav
Coonoor, March 31, 2016
Nice Child Plan
I bought child insurance policy plan for my child from birla sun life insurance. The Plan is so good and the services is also great. Now I'm tension free for further upcoming money problems for my child in his future. The coverage is good and claims are high that can easily accessible. Really very happy to have this policy for my child.
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