Star Union Dai-ichi Child Plans

Star Union Dai-ichi Child Plans are insurance products offered by the Star Union Dai-ichi Life Insurance Company. These plans are specifically designed to meet the financial needs of children and secure their future. They provide various benefits such as life insurance coverage for parents, investment options, education funds, and other financial protections according to children's needs.

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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 investment products designed to safeguard and secure your child's future. They combine insurance and investment features, offering:

  • Financial protection: In the unfortunate event of the policyholder's passing, the plan provides a death benefit to the child, ensuring their financial needs are met.

  • Maturity benefit: Upon policy maturity, a lump sum amount is paid out, which can be used for the child's education, wedding, or other significant milestones.

  • Tax benefits: Depending on the specific plan and your location, you may be eligible for tax deductions on premiums paid.

Star Union Dai-ichi Child Plans

Star Union Dai-ichi Life Insurance offers a variety of child plans to help secure your child's future financially. Below are the plans offered by them:

SUD Life Aashirwaad

Star Union Dai-ichi Life Aashirwaad is a child savings life insurance plan designed to help you secure your child's future financially. It's a non-linked, non-participating endowment plan, which means that the returns are guaranteed and not linked to the market performance. Here are some key features of the plan:

  • Guaranteed maturity benefit: Upon policy maturity, your child will receive a guaranteed sum assured, which can help them with higher education, marriage, or other important milestones.

  • Death benefit: In case of the unfortunate death of the policyholder, the nominee will receive the sum assured, providing financial support for the child's future.

  • Multiple payout options: You can choose from various payout options at maturity, such as a lump sum payment, staggered payments, or an income stream.

  • Tax benefits: You can avail of tax benefits under Section 80C and Section 10(10D) of the Income Tax Act on the premiums paid.

  • Flexible policy terms: You can choose a policy term of up to 20 years and a premium payment term that suits your budget.

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

Plan at Glance

Criteria Minimum Maximum
Entry Age of Life Assured 18 years 50 years
Maturity Age - 70 years
Premium Payment Terms and Policy Term • PPT of 5 years for a PT of 10 to 20 years
• PPT of 7 years for a PT of 10 to 20 years
• PPT of 10 years for a PT of 15 to 20 years
• PPT of 15 years for a PT of 15 to 20 years
Premium amount Depends on the coverage, tenure and age
Sum Assured Rs.4 lakhs Rs.100 crores
Premium Paying Frequency Yearly, half-yearly, quarterly or monthly

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Applying for a Child Plan from the company:

  1. Online

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

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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 *

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.

People also read: Sukanya Samriddhi Yojana Calculator

Why are Child Plans Important?

  • Child plans help in financially securing a child's future.

  • They provide funds for education expenses.

  • Child plans ensure financial stability in case of emergencies or unforeseen circumstances.

  • They offer long-term investment options according to the child's needs.

  • Child plans often come with insurance coverage, providing additional protection.

  • These plans encourage disciplined savings for children's milestones.

  • They can help alleviate the burden of financial responsibilities on parents/guardians.

  • Child plans may offer tax benefits, making them a prudent investment choice.


  • Are there any tax benefits under Star Union Dai-ichi Child Plans?

    Yes, you can avail of tax benefits under Section 80C and Section 10(10D) of the Income Tax Act on the premiums paid.
  • What is SUD Life AASHIRWAAD?

    SUD Life AASHIRWAAD is a Non-Linked Non-Participating Endowment Plan with an in-built waiver of premium. It is designed to ensure that your child's dreams are never compromised, even if you are not around.
  • Are there any restrictions on the Basic Sum Assured?

    Yes, the Basic Sum Assured must be a minimum of ₹4 Lakhs and a maximum of ₹100 Crores (subject to Board approved underwriting policy). It should be in multiples of ₹1000.
  • What happens in case of the policyholder's demise?

    In the unfortunate event of the policyholder's death during the Policy Term, the beneficiary/nominee will receive the following benefits:
    • Immediate payment of Death Sum Assured to cover immediate needs.

    • Lump sum payment of Guaranteed Additions (4% of Basic Sum Assured multiplied by Policy Term) at the end of the Policy Term.

    • Payment of Guaranteed Maturity Sum Assured as per the chosen Payout Option.

    • Death Sum Assured payable will be determined based on certain criteria, including premiums paid, Guaranteed Maturity Benefit, and Basic Sum Assured.

  • Can outstanding payouts be received in a lump sum during the payout period?

    Yes, the policyholder can opt to receive the future outstanding benefits in a lump sum at any point during the payout period. The policy will terminate immediately, and the discounted value of the remaining outstanding benefits will be paid.

    In case of the policyholder's death during the payout period, the beneficiary has the option to receive the discounted value of future outstanding benefits in a lump sum.

*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


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Start Investing ₹10,000/Month
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*Standard T & C Apply
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Star Union Child Plans Reviews & Ratings

4 / 5 (Based on 1 Reviews)
(Showing Newest 1 reviews)
Ahmednagar, May 16, 2016
I purchase star union dai-ichi child plan which has good policy coverage ~91%. The service is also good, fast and on time. The claims are high ~ 38 L and claiming process is easy because the executive and staff members providing good response and quick services. Good investment with tax savings. Daily updates are send to me regularly.
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