{"id":14344,"date":"2020-06-16T17:34:48","date_gmt":"2020-06-16T17:34:48","guid":{"rendered":"https:\/\/yourchennai.com\/?p=14344"},"modified":"2020-06-16T17:34:48","modified_gmt":"2020-06-16T17:34:48","slug":"aditya-birla-sun-life-insurance-launches-childs-future-assured-plan","status":"publish","type":"post","link":"https:\/\/yourchennai.com\/index.php\/2020\/06\/16\/aditya-birla-sun-life-insurance-launches-childs-future-assured-plan\/","title":{"rendered":"Aditya Birla Sun Life Insurance launches Child’s Future Assured Plan"},"content":{"rendered":"
<\/div>

A Child Plan that offers guaranteed returns for a secured future<\/em><\/strong><\/h3>\n

Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), has launched a one-of-its-kind insurance plan called\u00a0ABSLI Child\u2019s Future Assured Plan<\/strong>. It aims at assured returns combined with protection, to financially secure a child\u2019s future milestones.<\/p>\n

This child plan offers guaranteed returns and is a non-linked non-participating life insurance plan. ABSLI Child\u2019s Future Assured Plan<\/strong> enables you to plan for child\u2019s two significant milestones – education & marriage by providing the required cash flow to help you meet your goals for your child\u2019s future. It has an in-built Waiver of Premium<\/strong> element that ensures that the policy continues in case anything unfortunate happens to the life insured. This plan offers the flexibility to choose periodic pay-outs of 3, 6 or 9 years to plan for child\u2019s education and a lumpsum at the desired milestone, to plan for marriage. The customer can also avail the option to receive both, guaranteed regular income to plan for their child\u2019s high school, graduation, and post-graduation expenses and guaranteed lump sum as corpus for marriage related expenses.<\/p>\n

The plan can be tailor-made and customized basis an individual\u2019s requirement by opting for solutions such as flexible benefit options, premium paying term, death benefit, and additional riders. It offers the choice to enhance risk cover up to 200% of Sum Assured. This plans also enhances the benefits by providing Loyalty Additions of 20% of each pay-out for policies, where all the premiums have been paid through the premium paying term (PPT).<\/p>\n

\"Aditya<\/p>\n

Policyholder can avail\u00a0assured pay-outs and high sum assured rebate with maximum guaranteed benefits, to plan for his\/her child\u2019s education, marriage, or both together by opting from any of the following options:<\/p>\n

    \n
  • Education Milestone:<\/strong> Option to receive guaranteed annual pay-outs for 3\/6\/9 years as per the need for child\u2019s education preferably on child\u2019s age from 15 to 21 years.<\/li>\n
  • Marriage Milestone:<\/strong> Option to receive a guaranteed lump sum on maturity for a child\u2019s marriage fund preferably on child\u2019s age from 24 to 32 years.<\/li>\n
  • Education and Marriage Milestones:<\/strong> Option to receive both guaranteed income and a lump sum for a child\u2019s education & marriage.<\/li>\n<\/ul>\n

    Death Benefit:<\/strong> In the event of unfortunate death of Life insured, any premiums due thereafter will be waived off and nominee will continue to receive scheduled Assured pay-outs. The nominee can also avail the option to receive a lump sum of future Assured pay-outs at a discounted rate.<\/p>\n

    Commenting on the launch, Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance said<\/strong>, \u201cBuilding and sustaining wealth corpus for child\u2019s important milestones has always been the topmost priority for every parent. During such unprecedented times, protection for your child\u2019s dreams and goals becomes a matter of utmost importance, hence the need for creating a tailored solution, which provides guaranteed returns for addressing your child\u2019s future needs. We believe that ABSLI Child\u2019s Future Assured Plan is a distinctive product with assured pay-outs, which will cater to suit financial goals of parents and a defined corpus will ensure peace of mind\u201d.<\/p>\n\n\n\n\n\n\n
    Plan at a glance<\/strong><\/td>\n<\/tr>\n
    Entry\u00a0Age <\/strong><\/td>\nMinimum: 18 Years<\/p>\n

    Maximum: 65 Years (50 years if Enhanced insurance cover is chosen)<\/td>\n<\/tr>\n

    Age at Maturity<\/strong><\/td>\n75 years<\/td>\n<\/tr>\n
    Minimum Premium <\/strong><\/td>\nRs. 30,000 p.a.<\/p>\n

    Max No Limit<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

    A Child Plan that offers guaranteed returns for a secured future Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla<\/p>\n","protected":false},"author":1,"featured_media":14345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7018,30],"tags":[18880,18882,18881,525,18884,9460,18883],"class_list":["post-14344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investments","category-news-business-political-national-realestate","tag-aditya-birla-sun-life-insurance","tag-child-plan","tag-childs-future-assured-plan","tag-education","tag-marriage","tag-premium","tag-sum-assured"],"views":925,"jetpack_featured_media_url":"https:\/\/yourchennai.com\/wp-content\/uploads\/2020\/06\/ABSLI-Childs-Future-Assured-Plan.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/14344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/comments?post=14344"}],"version-history":[{"count":1,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/14344\/revisions"}],"predecessor-version":[{"id":14347,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/posts\/14344\/revisions\/14347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media\/14345"}],"wp:attachment":[{"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/media?parent=14344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/categories?post=14344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourchennai.com\/index.php\/wp-json\/wp\/v2\/tags?post=14344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}