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Child Insurance Premium Calculator @ Birla Sun Life Insurance

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ABSLI Vision Star Plan

Everything you do in life is aimed at the happiness of your children. But even the best parents may be racked by doubts - they might wonder if they have done everything possible to make their children's future dreams come true.

Your children depend on you to excel in their studies, make their own choices and indeed, take flight towards a bright future. Make sure their dreams are on course with the best ever child insurance plan - the ABSLI Vision Star Plan. This child insurance plan policy helps you chart out your child's future progress and lets your child forge ahead with confidence. And this child insurance plan policy ensures that your child's dreams come true even in your absence.

Why take ABSLI Vision Star Plan?

This child insurance policy offers a host of features that are aimed at making your child the star they deserve to be. It has:

  • Regular and terminal bonuses
  • Death benefits
  • Assured Payout
  • Maturity benefit
  • Reduced Paid Up benefit
  • Policy surrender option
  • Option to take a loan against the policy

Eligibility for ABSLI Vision Star Plan

Entry Age 18 to 55 Years
Max Maturity Age 75 Years
Minimum Policy Term For Option A - 16 years (maximum of 23 years)
For Option B - 14 years (maximum of 21 years)
Premium Paying Term 5 -12 years
Minimum Sum Assured Rs. 1,00,000
Premium Frequency Annual, Semi-annual, Quarterly and Monthly

Coverage under the ABSLI Vision Star Plan

Regular bonuses
  • ABSLI declares simple reversionary bonuses at the end of each financial year; these are added to the policy on its anniversary.
  • Future bonuses are not guaranteed and depend upon the future profits of the participating business.
Terminal bonus

The policy may pay a terminal bonus on maturity or surrender, whichever is earlier, basis actual experience and prevailing market conditions.

Death Benefit

In the unfortunate event of the demise of the policy holder during the policy term:

  • Sum assured is paid to the nominee.
  • No premiums are paid hereafter.
  • Assured payouts on the scheduled dates (See 'Assured Payout' below)
  • Bonuses accrued till policy maturity date and terminal bonus, if any, will be payable on the policy maturity date
  • Sum Assured on death is the maximum of sum assured chosen at the time of purchase, irrespective of any guaranteed payouts paid or 10 times the annual premium payable.

The death benefit is subject to a minimum of 105% of total premiums paid to date, excluding GST and any other applicable taxes, any applicable rider premiums and underwriting extras, if any.

Assured Payout

Starting from the 5th year after the premium paying term is over, you start receiving Assured Payouts.

Assured payouts are a pre-defined percentage of the sum assured chosen by you basis the option chosen, as illustrated below.

Option A

X + 5 X + 7 X + 9 X + 11
Percentage of Sum Assured 20 20 30 30

Option B

X + 5 X + 6 X + 7 X + 8 X + 9
Percentage of Sum Assured 15 15 20 20 30
Where X denotes the premium paying term
Maturity Benefit

If the policy holder survives the plan term, ABSLI pays the following on the maturity date

  • Accrued bonuses till date
  • Terminal bonus (if any)

The policy is terminated once the maturity benefit is paid.

Reduced Paid-up Benefits

If you discontinue paying premiums after paying premiums for at least three full years (Two years, for premium paying term less than 10 years), your policy will not lapse but it will continue on a Reduced Paid-up basis.

Policy surrender

Your policy will acquire a surrender value after all due premiums for at least three full policy years (two years, for premium paying term less than 10 years) are paid. Please refer brochure for more details.

Loan against the policy

You may take a loan against this child insurance policy once it has acquired a surrender value. The minimum loan amount is Rs. 5,000 and the maximum is 85% of your surrender value.

For more details, please read the product brochure.

Why you must take the ABSLI Vision Star Plan

Your child's future can remain on course for a successful conclusion with the right child insurance plan - and ABSLI Vision Star Plan is that plan.

  • Get complete financial protection for your child's future at an affordable cost.
  • There are multiple options to receive death benefit payouts.
  • The plan rewards you for a healthy lifestyle.
  • There are flexible premium paying terms.
  • You get income tax benefits as per prevailing norms under the Income Tax Act, 1961.Tax benefits are subject to changes in the tax law

Buy ABSLI Vision Star Plan online

One of the simplest tasks is to buy this child insurance policy online. Follow these steps:

  1. Choose your sum assured
  2. Choose the Assured Payout option (See 'Assured Payout' above)
  3. Choose your premium payment tenure


This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional participating life insurance plan. All terms & conditions are guaranteed throughout the policy term, except for the bonuses which would be declared at the end of each financial year. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. The insurance cover for the life insured (including minors) will commence on the policy issue date. For more details on risk factors, terms & conditions, please read the brochure carefully before concluding the sale. For detailed terms & conditions please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details and clarification, call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true.

Trade Logo "Aditya Birla Capital" displayed above is owned by ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) and used by ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the license.

Registered Office:
One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013.

Unique No. 109N096V02 ADV/5/17-18/333 VER2/JUNE/2017


  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.