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Secure your children’s financial future and give wings to their dreams
What is Child Insurance ?
As a parent, you want to provide the best of everything to your child. Isn’t it? Our child plans helps you in your endeavour, and helps secure their future and give wings to their dreams.
Providing triple benefits of insurance, saving and investment, our child plans ensures that money is not a hurdle when you are on your journey to fulfilling important milestones for your child, right from education to higher studies to marriage. Be a part of your child’s success with our child solution.
Why do you need a Child Insurance plan?
Child insurance plans are aimed to secure the financial future of your child in your absence and ensure all his/her needs are well taken care of in case of an unfortunate event. They give you peace of mind and help you build a sizeable corpus for crucial future needs of your child, including education and marriage, among others.
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Builds corpus for child’s education
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Financial aid for child’s marriage
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Financially secures your child even in your absence
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Tax benefits1
Child Plans Products
BED ABSLI Wealth Aspire Plan
It enables your wealth to grow with good returns from MNC fund, providing a secured financial future to achieve your life goals at different stages. UIN: 109L120V02 at different stages at different stages
- Choose from 4 investment options
- Flexibility to add top-ups whenever
- Flexibility to choose from 2 plans
BED ABSLI Wealth Max Plan
It enables your wealth to grow with good returns from MNC fund, providing a secured financial future to achieve your life goals at different stages. UIN: 109L120V02 at different stages at different stages
- Choose from 4 investment options
- Flexibility to add top-ups whenever
- Flexibility to choose from 2 plans
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Need help with life insurance?
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1800-270-7000 or reach out to us on this number.
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1800-270-7000 or reach out to us on this number.
Benefits of Child Insurance Plan
Key Features
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Complete financial security
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Worry free goal achievement through Policy Continuance Benefit
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Choose from 4 investment options
Explore categories
Child Plans Products
BED ABSLI Wealth Aspire Plan
It enables your wealth to grow with good returns from MNC fund, providing a secured financial future to achieve your life goals at different stages. UIN: 109L120V02 at different stages at different stages
- Choose from 4 investment options
- Flexibility to add top-ups whenever
- Flexibility to choose from 2 plans
BED ABSLI Wealth Max Plan
It enables your wealth to grow with good returns from MNC fund, providing a secured financial future to achieve your life goals at different stages. UIN: 109L120V02 at different stages at different stages
- Choose from 4 investment options
- Flexibility to add top-ups whenever
- Flexibility to choose from 2 plans
Benefits & Eligibility
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Crisis Management & incident response
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Data back-up, data and system recovery as documented in the Disaster recovery plan
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Recovery of all critical business functions and supporting systems
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Alternate recovery sites if primary location is unavailable
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Communication with customers, employees and other stakeholders
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Assurance to customers that they will continue to receive optimum customer services at all times
- Death Benefit In case of your unfortunate demise during the policy period, a pre-determined death benefit will be paid to your nominee. The policy will stand terminated once the death benefit is paid.
- Terminal illness benefit The policy comes with an inbuilt terminal illness cover. In case you’re diagnosed with a Terminal illness during the policy period, 50% of the applicable sum assured on death, subject to a maximum of Rs. 2.5 Crore will be paid immediately and the remaining future premiums on your policy will be waived off.
- Waiver of premium In case you suffer with total or permanent disability during the policy term, all future premiums will be waived off. The death benefits under the policy will remain unaffected.
- Return of Premium If you choose Plan Option 7 or 8, the sum total of all premiums paid by you shall be returned to you on policy maturity date in case you survive the policy period.
- Joint life protection Under this option, two lives, i.e., you (primary life insured) and your spouse (secondary life insured) are covered under the same policy. The Sum Assured applicable for your spouse shall be equal to 50% of your applicable Sum Assured. You can opt for Joint Life Protection for only if Plan Option 1, 2, 3 or 4 is chosen. No rider can be opted under this option.
- Enhanced life stage protection Your protection needs varies at different lifestages owing to occurrence of events like marriage and birth of children. You can choose to increase the coverage on occurrence of each of the events without undergoing any fresh medical examination.
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Customisable benefits
For added protection, ABSLI Life Shield Plan can be enhanced by following riders for a nominal extra cost:
- ABSLI Accidental Death and Disability Rider
- ABSLI Critical Illness Rider
- ABSLI Surgical Care Rider
- ABSLI Hospital Care Rider
- ABSLI Accidental Death Benefit Rider Plus
About ABSLI
20 years of guaranteeing a secure future.
Aditya Birla Sun Life Insurance Company Limited (ABSLI), is a life insurance subsidiary of Aditya Birla Capital Ltd (ABCL). ABSLI was incorporated on August 4th, 2000 and commenced operations on January 17th, 2001.
