PROTECTING your child’s key milestones with assured benefits and flexibility!
ABSLI Child’s Future Assured Plan

You always want to make sure that your child’s dreams are not compromised. However, some of the most significant milestones, like education and marriage, can set you back financially, if not planned for them. ABSLI Child’s Future Assured Plan offers you the flexibility to receive assured annual payouts to support your child's education and a lump sum amount to gift your child a dream wedding as and when desired.

Why do you need this plan?

01
Fully guaranteed1 returns on death and maturity
collateral
02
20% loyalty additions1 on each assured payout
growth
03
Worry free goal achievement through policy continuance benefit
claim
04
Option to enhance risk cover by up to 200% of Sum Assured
asset
05
Tax benefits2
claim

Key Features of this Plan

01
Flexibility to save for your Child’s Education, Marriage or for both the life goals
02
Fully guaranteed1 benefits on death and maturity
03
Worry free goal achievement through policy continuance benefit
04
Option to enhance risk cover by up to 200% of Sum Assured
05
20% loyalty additions on each assured payout1
06
Complete financial security for your loved ones through life cover
07
Flexibility to choose Policy Term/Premium Paying Term basis your child’s desired milestone
08
Tax benefits under section 80C and 10(10D) of the Income Tax Act, 19612

Benefits:

Assured Benefit

This plan offers you Assured Benefits to fund your child’s key milestones - Education, Marriage or both. You can choose one of the following options at policy inception and plan to receive Assured Benefits.

Education Milestone Benefit: This plan offers assured annual payouts as a fixed percentage of your Sum Assured. You can choose the tenures of payouts to coincide with your Child's education milestones such as High School, Graduation, and Post-Graduation. The Education Milestone Benefit as a percentage of Sum Assured will be payable as per the table below:
Education Milestone Benefit Payable at the end of the year
Benefit year 1st  2nd  3rd  4th  5th  6th  7th  8th  9th
3 years 30% 30% 40%            
6 years 15% 15% 15% 15% 25% 25%      
9 years 10% 10% 10% 10% 10% 15% 15% 20% 20%


Marriage Milestone Benefit: This plan enables you to receive a guaranteed lump sum payout at the end of the selected policy term for your children's marriage when they are in the age bracket of 24 to 32 years.

Education and Marriage Milestones Benefits: Under this option both Education and Marriage Milestone Benefit can be chosen. The Education Milestone Benefit will be paid as defined above on their respective due dates and the Marriage Milestone Benefit will be paid at the end of Policy Term.

Death Benefit

In case of the life insured’s unfortunate demise during the policy period, the death benefit will be paid to the nominee in either of the following ways:
  • Assured benefits chosen by you shall be paid on their respective due dates; plus
  • Any excess amount of Sum Assured on Death over the discounted value of the payable assured benefits will be paid immediately as lump-sum
  • All future installment premiums shall be waived off.

Or

Nominee has an option to opt immediate lump sum payment. In that case higher of Sum Assured on Death or discounted value of all the future Assured Benefits, is paid immediately and the policy is terminated.

Maturity Benefit

The Maturity Benefit shall be the amount of Assured Benefit payable at the end of the Policy Term.

Loyalty Additions

If you pay all your due premiums, 20% will be added to your assured benefits as the Loyalty Addition at the end of each scheduled payout

Enhanced Insurance Cover

At the start of the policy, you can also opt for Enhanced Insurance Cover equal to 50% or 100% or 200% of the sum assured, by paying an additional premium.

Customisable Benefit

For added protection, you can enhance your insurance coverage during the policy term by adding the following riders for a nominal extra cost.
  • ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)
  • ABSLI Critical Illness Rider (UIN: 109B019V03)
  • ABSLI Surgical Care Rider (UIN: 109B015V03)
  • ABSLI Hospital Care Rider (UIN: 109B016V03)
  • ABSLI Waiver of Premium (UIN:109B017V03)
  • ABSLI Accidental Death Benefit Rider Plus (UIN:109B023V02)

Please refer to the product brochure on our website for more details!

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1Provided all premiums are paid
2Tax benefits are subject to changes in tax laws.

Begin saving early

Use the slider below to tell us how old your child is and we'll suggest steps that you could take to save enough money to secure your child's future.

₹

Source: BrainWonders

How old is your child?

Toddler

Your kid is the newest member of your family. You took a vow to fulfill all their life goals with a guarantee, despite the increasing costs. But1, did you know that a good Playgroup costs anywhere

from

₹55,000

to

₹1 lakh

depending upon the facilities provided? Also, cost of primary/secondary education

₹55,0002

in 2005

₹3.9 Lakhs3

in 2020

Are your prepared? Watch the video to build a substantial corpus for your child’s education!

1Source: Livemint 2Source: Economictimes 3Careerizma and financial express

Plan better for your little one!

3 min 13 sec

Pre Teens

As a parent of a growing kid, your child is ready to enter secondary school. The cost of education is increasing at 10% yearly1 and your financial responsibilities will increase too.

By2 the year 2025,

₹25-30 Lakhs

Average cost of engineering

₹50-60 Lakhs

Average cost of MBA

You need a plan that gets you prepared for all your child’s financial needs and ABSLI Child’s Future Assured Plan does exactly that for you. Watch the video to know how!

1Economictimes 2timesgraduates

Plan better for your child’s secured future!

2 min 43 sec

Teens

With dreams in their eyes, and an ally in you, children know no boundaries. You can’t compromise on those dreams. But, did you know:

Fact 1

The cost of professional education and technical education has nearly doubled in the last 10 years1.

Fact 2

An Indian wedding costs between 20Lakhs to 5Cr2.

While you are the perfect parent and spend quality time to know your child better, have you planned enough for all their expenses? Watch the video to plan better for a secured future of your child!

1timenownews 2Economictime

Plan better for your child’s financial needs!

3 min 14 sec

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For our readers, a few articles

Here are a few guides that try to simplify planning.

Are you prepared?

Knowing your child's aspirations will help you prepare & secure the future. The assessment we have here for you is scientifically designed to reveal even the most deep-seated aspirations.

Discover them now

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