Some of our branches are now open. You may view the list of open branches here. For any query and Self-service related needs you can instantly send your request by accessing our digital channels. Use Chatbot - ABC Assist or Whatsapp (send "HI" to 88288 00040). Avail our online services. Write to Stay Home. Stay Safe.| Get an additional one month grace period on policy premium due in the month of March & April, 2020 |

Aditya Birla Sun Life Insurance Company Limited

ABSLI Child’s Future Assured Plan

A non-linked non-participating individual life insurance savings plan

As a parent, your child is always at the centre of your universe and you want to ensure nothing but the best at every milestone. However, the increasing cost of inflation, education and other uncertainties may upset your dreams for your child. What if a life insurance plan ensures that your aspirations for your child are never compromised?

Presenting, ABSLI Child’s Future Assured Plan, a life insurance savings plan, which offers Assured Benefits to take care of the important milestones in your child’s life – Education and Marriage. You can plan to receive funds in future for your child’s education or grand wedding. In case of an unfortunate event, the remaining premiums will be waived off. So, you rest assured that the key milestones of your child’s future are secured with a guarantee even in your absence.

Key Benefits

  • The plan offers complete financial Security
  • Flexibility to save for child’s Education, Marriage or for both the life goals
  • Worry free goal achievement through Policy Continuance Benefit
  • Flexibility to choose from various Pay term and Policy Terms
  • Option to avail of Enhanced Insurance Cover
  • Option to enhance your risk cover with appropriate rider option

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.

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

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.


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, will be paid immediately and the policy will be terminated.

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.

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.

You can enhance your insurance cover 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)

Policyholder can opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus but not both.

For more details on the benefits, please read the product brochure.

Entry Age (age last birthday) 18 – 65 years (50 years if Enhanced Insurance cover is chosen)
Max Maturity Age 75 years
Plan Options Education Milestone Benefit, Marriage Milestone Benefit, Education and Marriage Milestone Benefit
Policy Term (PT) Education Milestone Benefit: 10 to 29 years
Marriage Milestone Benefit: 8 to 32 years
Education and Marriage Milestone Benefit: 11 to 32
Premium Paying Term (PPT) Minimum:
• Education Milestone Benefit/Marriage Milestone Benefit: 5 years
• Education and Marriage Milestone Benefit: 6 years
Maximum: 12 years
Minimum Annualized Premium Rs.30,000 p.a.
Minimum Sum Assured Rs.4,00,000
Maximum Sum Assured No Limit (subject to Board Approved Underwriting Policy)
Enhanced insurance Cover (Optional) 50%, 100% or 200% of Sum Assured
Payment Mode
Annual, Semi Annual, Quarterly and Monthly Modal Loading will be applicable as below
Mode - Modal Loading | Annual - 0.0% | Semi-annual - 1.0% | Quarterly - 1.5% | Monthly -4.0%

Related Articles

Are you going to stand between your child and his dreams?

Ever since you had your child, it has been your life's mission to provide him with every material comfort you can think of. Even...Read more

What are the key benefits to be considered while buying child insurance?

Protecting your child's future may be your first goal as a parent. That is why investing in a child insurance policy... Read more

The most important plan of all: Child insurance

Your earliest memory of your child is of you holding him moments after he was born. Even as the years pass...Read more

All the information you need on investment plans for your child

Ever since your child was born, you have done everything in your power to keep your child happy and satisfied. You...Read more

How the right financial planning for your child helps

According to this news report, the ASSOCHAM (Associated Chambers of Commerce and Industry in India) estimates that higher education...Read more

Is waiver of premium rider essential while buying child insurance?

As a parent you will always aim for the safety and security of your children. Ensuring their financial security with a good...Read more

Top 4 Things to Do As Soon As You Become a Parent

With inflation on one side and the steady decline in the Rupee on the other, Indian parents need to save more for their...Read more

What are the types of investments to secure my child's future?

Planning for the long-term and short-term needs of your child is not an easy task. However, a variety of investment options...Read more

Plan for Your Child Future with Child Plan and Save Taxes
@ Aditya Birla Sun Life Insurance

We all love our children and give our best efforts in order to have them best of everything in life, starting...Read more


The 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.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). A non-linked non-participating individual life insurance savings plan. All terms & conditions are guaranteed throughout the policy term. 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 further details, 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. For more details on the risk factors, terms and conditions please read the sales brochure carefully before concluding the sale. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 IRDAI Reg. No. 109 CIN: U99999MH2000PLC128110 ADV/6/20-21/304

UIN: 109N124V01

Toll free (Within India):

1800 270 7000

Outside India: :

+91 22 66917777

(Call charges apply)

Between 9 am to 9 pm, All 7 Days

Get an Advisor

Mail on:

Get to a branch closest to you

Connect with us on Whatsapp:

Step 1. Register

Register by giving a missed call on 7676690033 or SMS OPTIN on 567679 from your registered mobile number

Step 2. Begin Chatting

Save the number 8828800040 as ABSLI contact and say 'Hi' to us on WhatsApp

Types of Life Insurance Plans


Health Plans


Saving with Protection