Birla Sun Life Children's Future Plans

• Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
• Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
• Do more with plans that offer pure protection, retirement planning and investment options

While having a child is a matter of immense pride and joy, it is equally important to make sure that the child realizes his or her dreams and works towards achieving them. It is even more important to help children achieve their dreams and ambitions. Having a good policy makes it easy for you. Birla Sun Life Insurance has more than 15 years of experience in the insurance sector and it is listed in the top 7 private life insurance establishments in the country. This insurance company understands the needs of the parents or the guardians and helps them in building a safe and financially secure future for their children. The best way to find a solution to the expenses related to your child like funding their education or helping them set up a small business of their own or even their wedding, is to invest in a child insurance plan. You can not only get a helpful term plan at an affordable cost at Birla Sun Life Insurance but you can also successfully build your child's future.

Benefits of Birla Sun Life Children's Future Plan:

The following are some of the benefits of investing in Birla Sun Life Children’s Future Plan:

• A child insurance plan helps you in getting an extensive coverage for your children. In case you aren't around during the ongoing policy term, this insurance plan can be put to use to ensure your children's well-being.
• The cost of education across the globe is ever-increasing. To meet these high expenses, it is important to have a policy. A good child insurance policy can help you in tackling the rising costs and support you in ensuring quality education for your children.
• A child insurance plan will help you to accumulate funds for your child’s extra-curricular necessities as well. A good child insurance plan will help your children to pursue their dreams easily.

List of child insurance plans provided by Birla Sun Life Insurance:

This is the child insurance plan provided by Birla Sun Life Insurance:

BSLI Vision Star Plan: This plan is designed to assist you in sponsoring your kid’s academic and extra-curricular plans. It also safeguards your child’s prospective goals such as career goals, wedding arrangements, etc. If you are aiming to receive regular assured payouts for sponsoring your child's education and securing their future when you are not around with comprehensive financial protection, then this plan is for you.

Benefits and Features of BSLI Vision Star Plan:

Following are the benefits and features of BSLI Vision Star Plan:

• Under this plan, you can enjoy the freedom to choose your sum assured.
• This plan gives you the freedom to choose between two options of Assured Payments keeping in mind your financial needs. You can make a choice between the following:

• Option A: You can get 4 bi-annual payouts 20%, 20%, 30% and 30%. Beginning after 5 years once your premium paying term is over, you will get an Assured Payout after every two years.
• Option B: You can get 5 annual payouts worth 15%, 15%, 20%, 20% and 30%. Beginning after 5 years once your premium paying term is over, you will get an Assured Payout after every year.

• This plan offers you the liberty to choose your premium paying term. You can choose your premium paying term between 5 and 12 years. Once you complete the application form, you can start paying your premiums on the basis of your selection.
• BSLI announces simple bonuses that are reversionary in nature. These bonuses are declared at the completion of every financial year and it is added to the policy on its anniversary. In case you surrender your policy, the surrender value of the bonuses will be paid.
• You will be given a terminal bonus once the policy matures or once you surrender the policy, whichever is earlier. The amount of the bonus will be determined according to the current market situation.
• Under this plan, you receive death and maturity benefits.

Following is a table showing the details of BSLI Vision Star Plan:

Why does one need Birla Sun Life Children’s Future Plan?

Over the years, Birla Sun Life Insurance has earned the reputation for the array of financial products it offers to its customers. Birla Sun life Children’s Future Plan is one such product that answers the financial needs of contemporary parents. It not only secures your child’s future but helps you in making their dreams come true. So, in case you aren’t around, your family will be able to get immediate payout under BSLI Vision Star Plan. So, whether you are there or not, you’re the roads to your child’s dreams with be unhindered.

If you are a parent and want to start building a healthy wealth bank so that you can sponsor your child’s education, invest a small capital in their business venture or even organize a lavish wedding for them, Birla Sun Life Children’s Future Plan is the solution to all your finance-related questions.