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Children’s Future Solutions 
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Location : Delhi & NCR » Delhi
Posted on : 16-Nov-2009
BSLI Children's Dream Plan
There's no compromising when it comes to your child. The BSLI Children's Dream Plan offers you the support in realizing your dreams for your child - enabling you to put up funds not just for an education but for start up capital as well. You can also ensure that your child continues to enjoy the benefits of the plan even thereafter.
Making your Dreams a reality
Education for your little one is a major concern. Professional courses like engineering, medicine or an MBA today costs between Rs. 2 lakh to Rs. 10 lakh. And, with competition and increasing costs, the future expenses on a premium education are going to be much higher. The BSLI Children's Dream Plan is here to meet the education costs, assuring you a Guaranteed Fund value equaling all premiums paid, less charges and the Guaranteed Maturity Benefit. This fund is accumulated at 3% per annum. The higher of either the Guaranteed Fund Value orthe Fund Value is paid on maturity.
Boost your child’s career
With our unique Guaranteed Maturity Options of 100%, 200% and 300%, you could provide your child the start-up capital that may be required to launch a career. Boost your child's career and watch him/her sail ahead in life. The table below illustrates the benefit.
Guaranteed Maturity Options Table
Child's Age
100% Option
200% Option
300% Option
18
100%
100%
100%
19
--
20%
25%
20
--
20%
25%
21
--
20%
25%
22
--
20%
25%
23
--
20%
100%
Total
100%
200%
300%
Note: 100%, 200% and 300% options are as a percentage of the Guaranteed Maturity
Benefit
We realize that you would like your child's dreams to be fulfilled, even in your absence. The BSLI Children's Dream Plan would keep your policy alive, take care of all your premiums till maturity, and provide all benefits, in case you are no longer there.
Other Benefits
Investment
Fund OptionRisk Profile
Asset Allocation
Min.
Max.
Protector
Low
Debt Instruments, Money market and Cash
90%
100%
Equities and Equity related Securities
0%
10%
Builder
Low
Debt Instruments, Money Market & Cash
80%
90%
Equities & Equity Related Securities
10%
20%
Enhancer
Medium
Debt Instruments, Money Market & Cash
65%
80%
Equities & Equity Related Securities
20%
35%
Note for Asset Allocation: In each Investment Fund Option, the Money Market & Cash asset allocation will not exceed 40%. Money Market Instruments are debt instruments of less than one-year maturity. They include mutual funds, collateralized borrowing & lending obligation, certificate of deposits, commercial papers, etc. Investment in Money Market Instrument supports better liquidity management.
Partial Withdrawals: After the completion of 3 policy years, you are free to make partial withdrawal at any time. The minimum amount permitted for a partial withdrawal is Rs. 5,000 and the maximum is the excess of the fund value over the Guaranteed Fund Value.
Surrender: You have the freedom to surrender your policy at any time during the term of the policy. After 3 years of completion of your policy, no charges are collected for surrendering the policy.
Additional Protection: You have an option to increase the Sum Assured at any point in time, to provide higher protection to your child.
Plan Summary
Entry Age
Life Insured (Parent): 18 years - 60 years
Nominee (Child): 30 days - 13 years
Policy Term
18 years, less the age of child at entry
Riders
Accidental Death & Dismemberment Benefit (ADD)
Partial Withdrawals
Allowed after 3 complete policy years
Investment Funds
Protector, Enhancer, Builder
Tax Benefit
Under Section 80C and 10 (10D)
Related to : BSLI Children's Dream Plan, guarenteed benefit, children plan, safe, best. ulip, growth, insurance
Contact : Birla Sunlife (View user's ads)
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