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A plan that gives you a joint life cover for you and your child and the freedom to choose how your money is invested to fulfill your child’s dreams
Classic Child.jpg
When it comes to planning for your child's future, you wish for a plan that secures your their future and also gives you the flexibility to manage your savings. Presenting the BSLI Classic Child Plan - a plan that secures your child's future, and gives you the freedom to direct your savings to our range of 10 Investment Funds.
 
This plan offers you:
 
Joint life cover for you and your child
Flexibility of growing your savings through 10 Investment Funds, as per your risk appetite
Enhanced financial security for your loved ones
 
How BSLI Classic Child Plan works:
 

1.  You choose the Savings Date that suits your financial goals for your child.
2.  Your Policy Term will be the Savings Date + 20 years.
3.  You choose the Basic Premium you want to pay every year.
4.  You will receive Basic Sum Assured which is the minimum death benefit payable on the demise of the primary life insured. The Basic Sum Assured is automatically determined as your Basic Premium multiplied by:
    • ​The higher of 10 or the number of years to maturity divided by 2, for entry ages below 45; or
    • The higher of 7 or the number of years to maturity divided by 4, for entry ages 45 and above
5.  You have an option to choose an Enhanced Sum Assured and increase the financial security for your child's future. With this option you can choose any amount of additional life cover over and above the Basic Sum Assured at a nominal cost.
6.  You have an option to choose from our range of riders and customise your family's future financial security.   
   

Plan Summary
 
Entry Age – Grand/Parent

               – Child
18 – 65 years, provided age on Savings Date is 75 or less
30 days – 17 years
Savings Date
Child’s age 18 – 27, subject to minimum of 10 policy years
Policy Term
Savings Date + 20 years
Basic Premium
Minimum Rs. 25,000 p.a. if paid annually
Minimum Rs. 30,000 p.a. if paid monthly, quarterly or semi-annually
Pay Term
Years to Savings Date
Top-up Premium
Minimum Rs. 5,000
Enhanced Sum Assured
Minimum Rs. 50,000
Not exceeding Basic Sum Assured
 
Insurance Dictionary
 
Premium: The periodic payments made to acquire the insurance and maturity benefits
Policy Term: Total benefit tenure of the policy
Policy Surrender; Voluntary closure of policy before completion of policy term/td>
Maturity Benefit; The final amount which the customer receives at the end of policy term
Rider: Additional protection for an extra premium on the base policy
Disclaimer
Birla Sun Life Insurance - BSLI Classic Child Plan - are only the names of the Company and Policy respectively and do not in any way indicate their quality, future prospects or returns. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. Tax benefits are subject to changes in the tax laws. Insurance is the subject matter of solicitation. Investment risk in the investment portfolio is borne by the policy holder. For more details on risk factors , terms & conditions , please read sales brochure carefully before concluding the sale’. Regd. Office: One Indiabulls Centre, Tower 1, 16th floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Reg No. 109
Unique No.: 109L066V01