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

 4.5 / 5.0   by 7 users
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Birla Sun Life Insurance Child Plans Reviews

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  • Birla Sun Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    My life insurance policy was purchased from Aditya Birla. For the child education and protection, i have bought this policy. Its because of higher growth in their sum assured amount, i have selected this company. I have chosen the term period of 5 years.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Nov 25, 2019
  • Birla Sun
    Birla Sun Life Insurance
    "Good return"
    0.5 4.0/5 "Great!"
    I have taken a Child Plan with Aditya Birla. The maturity period of the Insurance is 15 years. I have been making the payment Half Yearly basis. Their Customer service is handled by a third party vendor, who are doing absolutely good job. The overall experience with them has been good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Dec 01, 2017
  • Birla Sun Life Insurance
    "Very Good"
    0.5 4.5/5 "Excellent!"
    I have life insurance policy with Birla sunlife insurance company and I am paying around 8000 Rupees per annum as premium. Coverage value is around 20 lakh Rupees and the insured value is around 50 lakh Rupees. It works in the benefits for the child like mainly concentrating on children studying benefits.
    Was this review helpful? 0
    , mumbai
    Reviewed on Aug 30, 2016
  • Birla Sun Life Insurance
    "The best policy"
    0.5 5.0/5 "Blown Away!"
    Birla Sun Life is very flexible. I have taken a child plan from them. The tenure is for 20 years. The Premium is on a yearly basis. The benefit of this plan is that I would get the sum insured after the maturity period of 20 years. And my daughter would get a lump sum amount at the age of 21 years. After which her dependents would get the benefits. Because the insurance is for hundred years.
    Was this review helpful? 0
    , jodhpur
    Reviewed on Oct 21, 2015
  • Birla Sun Life Insurance
    "Good features and benefits"
    0.5 4.0/5 "Great!"
    I have my life insurance with Birla Sun Life. It is a life term insurance plus a mutual fund. The tenure is for 20 years. I pay a premium on a monthly basis. The features are good. They have good benefits for life coverage and child benefits.
    Was this review helpful? 1
    , mumbai
    Reviewed on Aug 18, 2015
  • Birla Sun Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    This Plan was taken from BIRLA SUN LIFE INSURANCE Child Plan In the year 2013.The Main Reason why I took this plan was in the absence of policy holder entire premium is paid by the company.Premium is paid quarterly.At the Maturity Age of 20 years 18lacks to 20Lacks is pro
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 06, 2015
  • Birla Sun Life Insurance
    "Good"
    0.5 3.0/5 "Satisfactory"
    Life insurance is good investment and I took child plan. Customer will be benefited in terms of child plan because if suppose the primary policy holder die the whole maturity amount would be surrendered to the nominee and the policy will continue till the end. I suggest Birla sun life insurance to give plan beneficiary and there should not be any hidden charges.
    Was this review helpful? 1
    , bareilly
    Reviewed on Dec 09, 2014
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