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  • Birla Sun Life Insurance Child Plans

    If you are looking for a secure future for your child and protect his/her education against the skyrocketing education cost, then child plan from Birla Sun Life is worth buying. Birla Sun Life Insurance brings to you plans that are specifically focussed on taking care of your child’s growing needs. From career choices to hobbies and interests, Birla Sun Life Insurance ensures that your kid never misses out on anything due to lack of funds.

    Key features of Birla Sun Life Insurance Child Plans

    • Flexibility to choose your sum assured
    • Freedom to choose your payout option out of two available. Choose option A for a policy term of 16 years or B for a policy term of 16 years
    • Premium payment term is between 5-12 years
    • Minimum sum assured is 1 lac rupees
    • Choose frequency of premium payment out of monthly, quarterly, semi-annual and annual
    • Entry age for availing policy is between 18-55 years
    • Maximum age at maturity is 75 years

    Key benefits of Birla Sun Life Insurance Child Plans

    • Regular bonus payouts
    • Terminal bonus can be paid out on maturity of policy or surrender of the same
    • Death benefit: Nominee will be paid the sum assured in the event of death of policy holder. Assured payouts on scheduled dates continue while fresh premium payment stops
    • Maturity Benefit: If the insured survives even after completion of maturity then assured bonuses accrued till date are paid out along with terminal bonus if any
    • Policy doesn’t lapse if you stop paying premiums after 3 full years of continuous premium payment. It continues on a reduced paid-up basis
    • Avail a loan of up to 85% of your policy surrender value against this insurance plan

    Other Birla Sun Life Insurance Plans

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    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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