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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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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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

  1. 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.

  2. Maturity Benefit

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

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  3. 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.


    • 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.

  4. 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

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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 *

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.


  • What are the ways of premium payment?

    Payment is only received in any of the following methods.
    • NEFT or Debit/Credit card online payment

    • Cheque payment

    • ECS payment

  • How to check ABSLI Child's Future Assured Plan policy status?

    Policy status can be checked online after logging into the e-portal with your client-id and password.
  • What is the policy renewal process?

    Log into e-portal with valid credentials and use the payment mode to renew your policy.
  • Is the assignment allowed under the policy?

    Yes, an assignment is allowed under the policy as per the Insurance law.
  • What is Enhanced Insurance Cover?

    Suppose you opt for Enhanced Insurance coverage of equal to 50%, 100%, or 200% during policy commencement. In that case, this additional sum insured will be immediately paid to the nominee in case of the insured's death within the policy term.
  • Is there any free-look period?

    If you're not satisfied with the policy's terms and conditions, you can return the policy to the company within 15 days from the policy receipt date.
  • What is the maximum amount of loan that can be taken against this policy?

    The maximum amount of loan that can be taken is 85% of the policy’s surrender value.

*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:- http://bit.ly/3J20bXZ
#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.

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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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