Save 50 lakh for Your Child’s Education - Learn How

You want to do everything you can for your child as a parent. The finest in terms of living quality and education combined, and with the current inflation rate, this reality is becoming a fantasy. A child insurance plan solves all of these issues and can help you secure your child's future. A child plan ensures that money will not impede your children from pursuing their dreams and objectives.

These child plans can be beneficial in situations such as schooling, further education, and marriage by offering a triple benefit of insurance, savings, and investment. Today, the cost of these events is already very high, and in the next few years, it will skyrocket, putting colossal strain and difficulty on people to meet these needs.

What are the advantages of a child insurance policy?

A child insurance policy is an ideal way to secure your child's future without concerning what might occur in the event of a sudden and unexpected occurrence. This plan will also give you peace of mind and help you save for higher education and marriage.

1. A child insurance policy will help provide financial security during your death.
2. Establishes a corpus
3. Excellent aid for marriage and future schooling.
4. Tax² advantages.

Which strategy is the most effective for child insurance policy?

Aditya Birla Sun Life Insurance's (ABSLI) child insurance policies are among the best in saving 50 lakhs or more for your child's future. The company provides two plans, each having its own set of advantages:

ABSLI Child's future assured plan (UIN: 109N124V01)

ABSLI Child`s future assured plan (UIN: 109N124V01)) offers guaranteed¹ benefits to help you cover significant life milestones, including schooling, higher education, and marriage. You can select from a variety of compensation and coverage terms. If you make regular payments, the company will add a 20% loyalty bonus to your guaranteed1 benefit at the end of each scheduled payout.4

Features and benefits

1. Death advantages
2. Loyalty rewards
3. Advantages of maturation
4. Simple personalization

ABSLI Vision star plan (UIN: 109N096V03))

It is the most cost-effective way to foster your child's passions and goals. It offers life insurance and regular lump sum payouts to help you finance your child's education while ensuring your child's future if you are absent. The plan also has two guaranteed1 payment options from which you can choose based on your preferences.5

Features and benefits

1. Two possibilities for guaranteed1 payouts
2. Death benefits
3. Advantages of maturation
4. The option to select a premium payment term
5. Choosing the policy period with flexibility

Who should get a child insurance policy?

Anyone who chooses to purchase a kid insurance plan for a child is not limited to simply parents buying it for their children.

1. Young parents:
You can purchase a kid's insurance policy as soon as you give birth to your first child. This plan would provide protection and prepare you for long-term financial obligations.

2. Grandparents:
Most grandparents invest in mutual funds and life insurance for their children and grandchildren. They can instead invest in and purchase child insurance plans to guarantee their grandchildren's future.

3. Guardians:
If you are the legal guardian of a child, you may purchase the plan on their behalf.

Final thoughts

Securing your child's future is the most challenging task today. As parents and guardians, we should hunt for the best child plans that combine security, insurance, and investment, and nothing beats investing in ABSLI.