BIRLA SUN LIFE INSURANCE SARAL CHILDREN’S PLAN

This plan ensures that your child’s future is secured by providing you with all the best benefits into a single plan.

Features:

• This plan gives a guaranteed amount on maturity and keeps the policy alive in the unfortunate event of your death, ensuring a secured future to your child.

• This plan has a very simple procedure and requires no medical examination.

• The minimum age at the entry level is 18 years and maximum age is 50 years.

• Flexibility to pay the premiums through 3 available options:
  • 10 pay/ 10 terms.
  • 10 pay/20 term.
  • 20 pay/20 term.

• A child’s age at the entry level should be up to the age of 21 years.

• The 10 pay/10 term option is not applicable where the child is below 8 years.

• The sum assured is 6 times the annual savings premium.

• The minimum savings premium to be paid is Rs.10, 000 and there is no maximum limit.

Benefits:

• In case of your unfortunate death, your child will get the sum assured.

• Your policy will continue to be the same in case of you unfortunate death, and your child will receive the sum assured at the maturity date.

• You have two investment options to choose from –
  • Lifecycle Option: in this the company manages your investments over the term of the policy.
  • Guaranteed Option: in this the company gives you a guaranteed amount on the date of maturity on the basis of the number of premiums you pay.

• You will receive an amount in addition to your fund value at the date of maturity.

• You can avail the tax benefits under section 80 C and 10(10) D of the Income Tax Act, 1961.