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BIRLA SUN LIFE INSURANCE DREAM CHILD PLAN

  • This plan builds confidence in you by ensuring a better and a bright future for your child.

    Features:

    • The minimum age at the entry level is 18 years and maximum is 65 years for grand/parent.

    • The minimum age at the entry level is 30 days and maximum is 17 years for a child.
    • The minimum basic sum to be assured is Rs.2, 00,000 with a minimum premium of Rs.8, 000.
    • The minimum premium to be paid is Rs.5, 000.
    • The minimum enhanced sum assured is Rs.50, 000.

    • The policy term is guaranteed savings date plus 20 years.

    Benefits:

    • You get the flexibility to meet any urgent fund requirement by making partial withdrawals.

    • You get the benefit to increase your savings by choosing the enhanced savings premium.
    • On the guaranteed savings date, you receive the basic sum assured.

    • Flexibility to boost the financial security of your loved ones by choosing an enhanced sum assured.

    • On the Guaranteed Savings Date, your child will become the primary life insured and will enjoy all the benefits under this plan for the rest of the policy term.

    • In case of the unfortunate demise of the primary life insured, the beneficiary will receive the Basic Sum Assured and the Enhanced Sum Assured, if chosen.

    • In case you have chosen an Enhanced Savings Premium, then you will also receive Enhanced Fund Value.

    • Tax benefits available under section 80 C and section 10(10) D of the Income Tax Act, 1961.
    Published on August 9, 2010 · Filed under: Birla Sun Life Insurance;
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