Aditya Birla Sun Life Insurance Child’s Future Assured Plan

At a Glance

As a parent, your child is always at the centre of your universe and you want to ensure nothing but the best at every milestone. What if a life insurance plan ensures that your aspirations for your child are never compromised?

Presenting, ABSLI Child’s Future Assured Plan, a life insurance savings plan, which offers Assured Benefits to take care of the important milestones in your child’s life. In case of an unfortunate event, the remaining premiums will be waived off. So, you rest assured that the key milestones of your child’s future are secured with a guarantee even in your absence.

Key Features

• The plan offers complete financial Security
• Flexibility to save for Child Education, Marriage or for both the life goals
• Worry free goal achievement through Policy Continuance Benefit
• Flexibility to choose from various Pay term and Policy Terms
• Option to avail of Enhanced Insurance Cover
• Option to enhance your risk cover with appropriate rider option

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*Premium rates are exclusive of GST.
Additional benefits are available at additional cost. Premium rates are exclusive of GST.

Key Benefits

Education Milestone Benefit under this option. The Assured benefit will be payable annually at the end of each year over the Education Milestone Benefit Period of 3, 6 or 9 years as opted by you. The Education Milestone Benefit as a percentage of Sum Assured will be payable as per the table below

Marriage Milestone Benefit

Plan to get funds for your child’s marriage anytime while your child’s age is preferably between 24 to 32 years. This option will give you guaranteed lump sum pay-out at the end of policy term as chosen by you.

Education and Marriage Milestones Benefits

The Education Milestone Benefit will be paid as defined above on their respective due dates and the Marriage Milestone Benefit will be paid at the end of Policy Term. Marriage Milestone Benefit pay-out date should be on or after the last instalment of Education Milestone Benefit.

You will also have the choice to receive 100% or 150% or 200% of the Sum Assured as assured benefit for Marriage Milestone under this option.

Deferral of Assured Benefits

You will have the flexibility to defer any of the Assured Benefit payment by 1, 2 or 3 years

Loyalty Additions

We will enhance each Assured Benefit payable to you, by 20% as Loyalty Addition at the end of Premium Payment Term, provided you have paid all due instalment premiums.

Maturity Benefit

The Maturity Benefit shall be the amount of Assured Benefit payable at the end of the Policy Term.

Death Benefit

In the event of death of the Life Insured during the Policy Term, Nominee will receive death benefit as below:

• Assured Benefits as per the option chosen by you shall be paid on their respective due dates; plus
• Any excess amount of Sum Assured on Death over the discounted value of the Assured Benefits payable in future will be paid immediately as lump-sum
• All future installment premiums shall be waived off

Alternatively, Nominee can also opt for immediate payment of death benefit.

In this case, higher of Sum Assured on Death or discounted value of all future Assured Benefits,

discounted @ 8% per annum, will be paid in lump sum and the policy will be terminated.

Enhanced Insurance Cover

At inception you can also opt for Enhanced Insurance Cover equal to 50% or 100% or 200% of the sum assured, by paying an additional premium. If the Enhanced Insurance Cover is opted, additional Sum Assured as chosen at inception will be paid immediately to the nominee in case of death of life insured during the policy term.

Customizable Benefits

For added protection, you can enhance your insurance coverage for the rider policy term by adding following riders for a nominal extra cost.

• ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)
• ABSLI Critical Illness Rider (UIN: 109B019V03)
• ABSLI Surgical Care Rider (UIN: 109B015V03)
• ABSLI Hospital Care Rider (UIN: 109B016V03)
• ABSLI Waiver of Premium Rider (UIN: 109B017V03)
• ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V02)

Your options:

Surrendering your Policy

Your policy will acquire a surrender value after all due premiums for at least two full policy years are paid. The surrender value payable will be the higher of Guaranteed Surrender Value or Special Surrender Value.

Taking a Policy Loan

You may take a loan against your Policy once it has acquired a Surrender Value. The minimum loan amount is Rs. 5,000 and the maximum up to 85% of your surrender value.

Eligibility

Your Sum Assured is banded as follows:

For higher Sum Assured, we also offer a premium rebate as follows.

*If Education and Marriage both Milestones are chosen, we offer a premium rebate of 2.5 per 1,000 on the applicable Sum Assured chosen for the benefit

Disclaimer

“The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.”

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Insurance product is underwritten by Aditya Birla Sun Life Insurance Company Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis.

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating traditional insurance plan. All terms & conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to the premium and levied as per extant tax laws. The insurance cover for the life insured (including minors) will commence on the policy issue date. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions, please refer the sales brochure before concluding the sale. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Website: www.adityabirlasunlifeinsurance.com and toll-free no. 1800-270-7000. IRDAI reg no.109 CIN: U99999MH2000PLC128110 UIN: 109N124V01 ADV/8/20-21/770

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Disclaimer

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited (IRDA of India Regn.No.109) CIN: U99999MH2000PLC128110 having the Registered office address at One India bulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Aditya Birla Sun Life Insurance Child’s Future Assured Plan with UIN: 109N124V01 is underwritten by Aditya Birla Sun Life Insurance Company Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank. ISNP registration valid.

The contents and product information of this web site are given strictly for your convenience and is indicative in nature and ‘as is’ received from the Insurer. Nothing contained herein is to be construed as advice, recommendation, offer for a policy or any other assistance. Bank does not guarantee that this website reflects latest amendments/ information at all times or at any time. Bank shall have no liability to the customer for any loss or damage of any kind incurred for reliance on the content and product information available on this website.

For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change.

For any information including cancellation, claims and complaints, please contact our Treasures Relationship Manager or visit DBS Bank India’s nearest branch office or Contact our 24-hour toll free customer service helpline number 1-800-209-4555 / 1-860-267-1234 or our overseas customer service number 91-44-66854555 or write to us at [email protected]. Visit us at: www.dbs.com/in

UIN: 109N124V01

How to Apply