Star Union Dai-ichi Bright Child plan

Star Union Dai-ichi Bright Child plan helps policyholders secure their children’s future and ensure that they are prepared financially for various situations. These situations may be higher education fees, or the support needed to start a business or even to fund their dream wedding. This policy makes it possible for its customers as parents to make their children’s’ dreams come true.

Read more
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

  • 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*

We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold
Why we need your mobile number?
We need it to confirm more details about you and advise accordingly. Our licensed experts work for you, not the insurance companies, so their advice is entirely unbiased
— No sales pitches here

Key Features

  • This policy offers two plan options for the policyholder to prepare for their child’s future. One is the Career Endowment plan option, and the other is the Wedding Endowment plan.
  • Even if the person whose life is assured passes away, the Death Benefit is payable immediately to his or her beneficiaries, thus securing the child’s future.
  • Policyholders receive Child Benefits of up to 125% of the Sum Assured.
  • The policy has a high Sum Assured Rebate from Rs. six lakhs and above.


  • The policy offers Child Benefits, which are payable regardless of whether the life assured person is alive or not. The Child Benefits differ depending on the plan option chosen by the policyholder.
  • Depending on the age of the child at policy inception and plan option chosen, a Benefit Booster is paid at the end of the policy term.
  • If the person insured passes away, the nominee/appointee receives the Death Benefit immediately, and all future pending premiums are waived off.
  • Tax benefits are available on the premium paid and Death and Maturity Benefits as per sections 80(C) and 10 (10D) of the Income Tax Act.
  • The policy provides the flexibility to pay the premiums regularly till the beneficiary attains the age of 18, alternatively the policyholder can choose to pay for a fixed time of ten years.

Product Specification:




Entry Age of the Life Assured(Last Birthday)

19 years

45 years

Entry Age of the Child (Last Birthday)

0 years

8 years for Premium Payment up to child age 18

7 years for Premium Payment term of 10 years

Minimum age difference between Life Assured and Child

19 years


Maturity Age (Last Birthday) of the Life Assured


69 years

Policy Term (PT) in years

Twenty-four years minus age of child at entry

Premium Paying Term (PPT) in years

18 minus age of child at entry

Fixed period of 10 years

Premium Paying Frequency

Annual, Semi-annual, Monthly, Quarterly

Basic Sum Assured

Rs. 5,00,000

Rs. 5,00,00,000

Details About Premium

SUD Bright Child Plan - Wedding Endowment option

Age of life assured at start of policy

Age of child at start of policy

Basic Sum Assured

Premium payment up to child age 18

Policy term

Child Benefits

Death benefit received by the child in case of the demise of the policyholder

Annual Premium

when child turns 18

when child turns 21

when child turns 21

30 yrs

Less than a year old

Rs. 10 lakhs

Rs. 41,320

18 yrs

Rs. 2 lakhs

Rs. 3 lakhs

Rs. 7.5 lakhs

Rs. 10 lakhs

Policy Details

  • Grace Period: There is a limited timeframe of 30 days from the due date of the unpaid premium to pay all dues, without interest. This timeframe is reduced to 15 days if payments are being done on a monthly basis.
  • Lapse: Failure to pay three years of due premiums within the Grace Period will result in the policy lapsing. The life cover will cease and no benefits are payable once the policy has lapsed.
  • Policy Termination or Surrender Benefit: This policy acquires Surrender Value on the completion of three full policy years with the provision that all premiums were paid. Termination occurs on the earliest of the following: on payment of the Surrender Benefit, or Death Benefit (and payment of the last Annual Payout), or Maturity Benefit. It is also terminated on being lapsed by non-payment of two years of premiums and not being revived within the Revival Period.

Additional Features or Riders

  • In the unfortunate event of the demise of the child beneficiary, the policyholder may nominate another child as the beneficiary. If there is no other child, the policyholders’ legal heir will be considered the beneficiary.
  • The revival of a lapsed policy is possible if the policyholder submits a written request for reinstatement within a timeframe of two years from the date of the first unpaid premium.


  • The term insurance cover is void if the person insured, whether sane or insane at the time, commits suicide within one year from the start of the policy cover. The company will refund only 80% of the premiums received. The same is applicable if the person insured commits suicide within one year from the date of last reinstatement. In this case, if the policy is still in force then the company will refund the higher of the Surrender Value on the date of death or 80% of the premiums paid until the date of death.

Documents Required

The policyholder has to fill up an ‘Application form’ with identity proof, bank account proof, address proof and a recent photograph. Select cases may require income proof.

*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
~Source - Google Review Rating available on:-

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
Average Rating
(Based on 0 Reviews)
Child Plan 3

Child plans articles

Recent Articles
Popular Articles
PNB Education Loan

06 Dec 2023

PNB Education Loan is a financial solution offered by Punjab
Read more
Axis Bank Education Loan

06 Dec 2023

Axis Bank Education Loan is a tailored financial solution
Read more
ICICI Bank Education Loan

05 Dec 2023

ICICI Bank Education Loan is a financial solution tailored to
Read more
HDFC Education Loan

05 Dec 2023

HDFC Bank offers a variety of education loans for both Indian
Read more
SBI Education Loan

05 Dec 2023

When it comes to pursuing higher education, the State Bank of
Read more
Top 12 Government Schemes for Girl Child
Top 12 Government Schemes for Girl Child Government schemes for the girl child are a vital aspect of social welfare
Read more
Best Child Investment Plans to Invest in 2023
Planning for the child’s secured future is not an easy task. Most of the people try to create a strong financial
Read more
Prime Minister Schemes For Boy Child
The Prime Minister Schemes for Boy Child stand as an important initiative aimed at nurturing the boy child and
Read more
Best Investment Plans for Girl Child in India
Investing in the future of a girl child is one of the most important financial decisions a parent or guardian can
Read more
Ladli Behna Yojana
The Ladli Behna Yojana is a Madhya Pradesh government initiative aimed at empowering women through financial
Read more

Download the Policybazaar app
to manage all your insurance needs.