Child Plan for your Better Future!
Protect Your Child's Future with Shriram Life Child Plans, Annualised Premium Starting Just at ₹8,000 only
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Shriram Life Child Plans
What are Shriram Life Child Plans?
Shriram Life Child Plans are specifically designed to protect the financial future of your children. These plans are intended to assist parents in achieving their child’s educational objectives by providing survival benefits and insurance cover. Shriram Life Child Plans offer benefits that can be used to provide the best for your child by offering survival benefits to adjust according to the child's educational requirements.
- Buy Shriram Life Child Plans online in a few easy and simple steps
- Child protection in case of demise of the policyholder
- Used as collateral for education loans
- Enhanced protection through riders
- Assured tax benefits and bonuses
Policy Type
Shriram Life Child Plans
Premium
Starting from ₹8,000
Death Benefit
Assured amount paid on the demise of the policyholder
Premium Payment Term
Minimum: 5 years
Maximum: 25 years
Sum Assured
Minimum amount of Sum Assured is ₹ 1 lakh
Features and Benefits of Shriram Life Child Plans
The features and benefits of Shriram Life Child Plans include
Insurance for Children
These plans protect the financial future of children for affordable Annualised Premium payments starting from ₹8,000.
Tax Benefits
The premium paid for Shriram Life Child Plans qualifies for tax benefits.
Policy Loan
Educational loans are available against Shriram Life Child Plans.
Death Benefit
In case of death of the life assured anytime during the policy term, provided the policy is in force, the death benefit will be paid.
Rider Add-Ons
Additional financial security is possible if you select the riders under Shriram Life Child Plans. Each of the riders provides a different kind of protection.
Flexibility to Pay Premiums
Plans with flexible premium payment options can be selected as per your convenience.
Eligibility and Documents Required
You can apply online for Shriram Life Assured Income Plan. Follow the steps given below to submit your application.
| Entry Age (age last birthday) | Minimum - 0 years ( 20 years in case of extended Cover Option) Maximum - 65 years Child age |
|---|---|
| Maturity Age (age last birthday) | Minimum - 18 Years Maximum - 75 years Child age |
| Policy Tenure | Minimum - 8 years Maximum - 25 years |
| Premium Paying Term | Minimum - 5 years Maximum - 25 years |
| Sum Assured | Minimum - ₹1 lakh Maximum - No Limit Subject to Underwriting Guidelines as per Board Approved Underwriting Policy |
Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest in the Life Assured on attainment of age 18 years.
What is Covered Under Shriram Life Child Plans?
During the tenure of the policy, Shriram Life Child Plans protect against the untimely demise of the policyholder. If the life insured passes away during the policy tenure, the plan provides an assured death benefit.
Additionally, Shriram Life Child Plans also provide a maturity benefit. The maturity benefit is paid if the life insured lives beyond the term of the policy and has paid all the premiums due.
What is not Covered Under Shriram Life Child Plans?
Shriram Life Child Plans provides financial security in terms of premature demise of the policy holder, but in case of death due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee(s) or beneficiary (ies) of the policyholder shall be entitled to receive 80% of the total premiums paid till the date of death or the surrender value available as on the date of death, provided the policy is in force.
Every plan has different exclusions mentioned in the policy documents and brochures, for more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
Factors to Consider While Choosing Shriram Life Child Plans
Shriram Life Child Plans are the ideal way to protect the financial future of your child. Here are some of the factors to consider while buying Shriram Life Child Plans:
Sum Assured
We request you to select a suitable sum assured that is capable of generating a substantial corpus matching your needs, and sufficient to support your family when you are not around.
Premium Paying Tenure
Please select a suitable premium-paying tenure, over which you can pay the due premiums and receive complete coverage.
Policy Matching with Goals
There are five different policies available under the Child Plans. Kindly select any of them based on your financial goals.
Entry Age
Eligibility to buy the plan depends on the entry age criteria. Please refer to the respective policy documents for each plan to know more about which policy best suits your needs before buying.
Benefits Provided
Understanding the plan and its benefits in terms of payouts is extremely important.
Policy Tenure
The policy tenures for Shriram Life Child Plans range from 8 to 25 years based on the plan you have opted.
Optional Riders
Shriram Life Child Plans can include optional rider add-ons. Each rider provides unique coverages. Hence, we request you to select riders based on your unique requirements.
FAQ's
What are Shriram Life Child Plans?
Shriram Life Child Plans are specifically designed for providing financial assistance to your children and your family in your absence.
How many plans am I eligible to buy under Shriram Life Child Plans?
There is no limit on the maximum number of Shriram Life Child Plans available to one person. You may buy as many as you want as per your needs and preferences.
What is the family income benefit in the Shriram Life Child Plans?
There are some plans under the Shriram Life Child Plans that provide family income benefit. It is calculated at a certain percentage of the sum assured and paid to the nominee of the policyholder after his/her demise till the end of the policy tenure.
What are the key features of the Shriram Life Child Plans?
The primary features of the Shriram Life Child Plans include flexibility of premium payment, bonuses and maturity benefits, higher benefits for higher policy tenure and sum assured, the option to select riders, different premium payment modes to suit your budget and many more.
How are the Shriram Life Child Plans useful to me?
Shriram Life Child Plans are useful to you and any individual seeking to protect the financial future of his/her children and family. Irrespective of whether you are a salaried individual, a businessman or a single parent, Shriram Life Child Plans are very useful and they are worthy of being part of your life savings portfolio.
Testimonials
What our customers say about us
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