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A Simple buying process without medical tests |
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You do not have to go through the hassle of medical tests for buying this plan. All you have to do is fill up an application form, choose your savings premium, premium paying term and policy term and a suitable investment option.
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Continuation of policy even after your death |
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This plan completely secures your child’s future. In the unfortunate event of the parent’s death,
- Your child will receive an amount equal to the Sum assured
- All future premiums continue to be paid by BSLI and your child receives the Fund Value at the end of the policy term
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Investment options to suit your needs |
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BSLI Saral Children’s plan gives you an opportunity to invest depending on your risk appetite. You have two investment options to choose from - LifeCycle Option and Guaranteed Option.
- In the LifeCycle option, we manage your investments over the term of the policy to suit your age and risk profile. This frees you from having to manage your investment.
- If you choose the Guaranteed Option, you stand to receive a guaranteed amount on maturity based on the number of premiums you pay, pay term and policy term of your choice. You only require to pay a nominal additional premium to provide this extra protection to your savings. Please refer to the brochure for details.
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Enhanced returns at maturity through Guaranteed Additions |
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Your fund value is increased at the end of the policy term by means of Guaranteed Additions. Thus you will receive an amount in addition to your fund value at maturity.
Your Guaranteed Addition amount depends on your policy premium and the combination of premium paying term and policy term you choose. The Guaranteed Additions are applicable only if you have paid all your premiums.
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Tax Benefit |
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You enjoy tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961 under this plan.
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Plan Summary |
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Your Age at Entry
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18 to 50 years
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Premium paying term and Policy term combinations (referred as pay/term)
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Your three options are : 10 pay/ 10 term, 10 pay/20 term and 20 pay/20 term
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Your Child’s age at entry
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- Children upto the age of 21 years
- The 10 pay/10 term option is not applicable where the child is below 8 years
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Savings Premium
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Rs. 10,000 or more annually
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Sum Assured
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6 times of annual savings premium
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Investment Options
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LifeCycle Option: Your premiums will be invested between Maximiser (100% equity) and Income Advantage (100% debt) in a predetermined proportion based your risk profile and age at the time of investment Guaranteed Option: Your money will be solely invested in the investment fund Enhancer Please refer to brochure for details on funds
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Maturity Benefit
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You will receive the Fund Value plus Guaranteed Addition. In case of Guaranteed Option, you receive higher of Guaranteed Maturity Benefit and Fund Value, plus Guaranteed Addition
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Disclaimer |
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Birla Sun Life Insurance, Saral Children’s Plan, Guaranteed Option, LifeCycle Option, Income Advantage, Enhancer and Maximiser are only the names of the Company, Policy, Investment Options and the Investment Funds respectively and do not in any way indicate the quality of the Policy, Investment Funds or their future prospects or returns. Guaranteed Maturity Benefit is payable only at maturity, if the policy is in effect and not on death, surrender or partial withdrawal. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding sale.
Tax benefits are subject to changes in the tax laws. Insurance is the subject matter of the solicitation. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market and the insured is responsible for his or her decision. Investment risk in the investment portfolio is borne by the policyholder.
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UIN No. - 109L047V01
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