Shriram Life

Genius Assured Benefit Plan

Because you want the best for your child

'You give them wings, we help them fly'

About the Plan

Plan Details

Shriram Life Genius Assured Benefit Plan (UIN: 128N068V01) is an endowment cum 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 insurance 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 plan so you can provide the best for your child. Planning for their future will help ensure nothing comes in way of their dreams.

Why SLIC’s Genius Plan

  • Guaranteed Cover for 2 years in spite of premium payment lapse.

  • Increasing payout option – Get 103% of the sum assured.

  • Fixed 10 year premium paying term

  • Dual benefits of Child cum Insurance Plan. No constraints on end use of Payouts

  • Monthly premium including taxes, less than ₹2000

  • Begin planning even before you have children



18 Yrs


45 Yrs

(As on last birthday)



63 Yrs

(As on last birthday)



Rs.2 Lakhs

(No Maximum limit)



10 Yrs – 18 Yrs

10 Yrs


  • Yearly
  • Monthly



Rs 21,732

(Annual Payment)



(Monthly Payment)

(No Maximum limit)

You Should Know

What you need to know before you invest in an endowment plan for your child

  • Things to consider

    Things to consider – 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 plan.

  • What can you do?

    Once you have identified your child’s needs and the corpus required, you can research and find the best plan. After you have found a plan that works, you can customize it to suit your needs. Do remember, the most expensive plan is not necessarily the best one.

  • What are potential expenses?

    Your child’s education and marriage are likely to be at the top of your 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.

  • How else can you protect your child?

    When it comes to saving for your little one, a child plan is just one of the many things you can do. A term plan can offer your child additional security in the eventuality of your death. An 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.

Riders Information

Accident Death Benefit Rider at Shriram Life

Accident Death Benefit Cover

Provides assistance to Life Assured, in the event of permanent/total disability due to an accident.

Critical Illness Benefit Rider at Shriram Life

Critical Illness Cover

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

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