Shriram Life Genius Assured Benefit Plan(UIN-128N068V01) is an endowment plan, designed to provide guaranteed financial assistance to your family and support your child’s education in the unfortunate event of your death or on maturity. It can be broadly classified as a child plan.
What is a Child Plan and Why do you need it?
Child Plans are insurance cum investment plans that provide pure insurance cover and financially secure your child’s future. You need a child insurance plan so you can provide the best for your child. Planning for their future will help ensure nothing comes in way of their dreams.
Guaranteed payouts to fund your child’s aspirations.
On maturity 100% Sum Assured is paid as lump sum and another Sum Assured is paid in 5 installments.
Flexibility to pay premiums in Monthly Mode
Auto Cover(available only once during premium paying term)
Begin planning even before you have children
Sum Assured is paid on death + Family receives monthly income for the rest of the policy term + Another Sum Assured in 5 installments on maturity
10 Yrs – 18 Yrs
Number of years your child has to graduate, his current interests, your risk appetite in terms of whether you choose an equity-linked plan, premium waivers (which can be important in case of sudden death, and bonus payouts are all things you need to think about before choosing a child insurance policy in India.
Once you have identified your child’s needs and the corpus required, you can research and find the best child future plan. After you have found a child insurance plan that works, you can customize it to suit your needs. Do remember, the most expensive plan is not necessarily the best one
Your child’s education and marriage are likely to be top of mind when you think of the future. However, in today’s day and age, one must take into account expenses for extracurricular activities, exchange programs abroad, healthcare, travel, technology and most importantly inflation.
When it comes to saving for your little one, a child investment plan is just one of the many things you can do. A term plan can offer your child additional security in the eventuality of death. A child endowment plan can help you save and protect at the same time. A Cancer Care Plan can help prepare for life’s uncertainties thereby keeping funds you have saved for your children, intact.
Provides assistance to Life Assured, in the event of permanent/total disability due to an accident.
Provides a benefit to help cover medical and rehabilitation costs associated with Critical ailments.
For more details on the risk factors and the terms and conditions please read the sales brochure and/or sample policy document on our website carefully and/or consult our advisor before concluding the sale
Tax benefits are subject to change as per tax laws. Please consult your tax consultant on tax benefits
* Terms and Conditions Apply