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Insurance Company
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Birla Sun Life Insurance Company Ltd
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Plan Name
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Birla Sun Life New Dream Child Plan
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Plan Nature
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ULIP
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Plan Category
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Child Plan
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UIN No.
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109L065V01
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About Plan
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In life there are some dreams like giving your child the best possible education, planning for their career or wedding or helping them start their life on an assured footing. And you would ideally like to guarantee this against any eventuality. Birla Sun Life Insurace brings its Dream Plans that can meet these needs and give you the confidence to live your life with freedom.
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Minimum Entry Age
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18years
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Maximum Entry Age
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65years
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Minimum Policy Term
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Child's age 18-27, subject to minimum of 10 policy years+20years
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Minimum Premium
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Minimum Rs.12000 p.a. if paid anuallyMinimum Rs.15000 p.a. if paid semi-annuallyMinimum Rs.20000 p.a. if paid quarterlyMinimum Rs.24000 p.a. if paid monthly
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Premium Paying Term
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years to Guaranteed Savings Date
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Minimum Sum Assured
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Minimum Rs.50000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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You will receive the Fund Value at maturity.
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Death Benefits
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In the unfortunate event the primary life insured dies while the policy is in effect, we will pay to the beneficiary the Basic Sum Assured. The policy will continue as long as the secondary life insured is alive.
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Surrender Benefit
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In case of emergencies, you can surrender your policy to us after the cmpletion of five policy years and receive the Fund Value at that time.
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Guaranteed Benefit
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On 10th policy anniversary and on every 5th policy anniversary thereafter. Guaranteed Addition is 2.50% of the Basic Premiums paid in the last 60 months
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Guaranteed Benefit
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In addition on 11th policy anniversary and every policy anniversary thereafter. Guaranteed Addition is 0.25% of the average Fund Value in the last 12 months.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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You choose the Guaranteed Savings Date that suits your savings objectives
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You choose the premium amount you want to pay every year prior to your Guaranteed Savings Date
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To receive no less than the Guaranteed Savings Amount on the Guaranteed Savings Date and to enjoy a life coverof no less than the Basic Sum Assured throughout the policy term
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To increase the financial security for your loved ones by choosing an Enhanced Sum Assured and to increase the protection under this plan by choosing additional riders
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To meet any emergency fund requirements by making partial withdrawals or taking a policy loan and finally, you enjoy tax benefits under section 80C and section 10(10D) of the Income Tax Act,1961.
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Discontinued Policy Fund
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Individual Life - Enhancer
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Particulars
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Range
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Discontinued Policy Fund
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Debt Securities, Bank Deposits, Mutual Funds & Money Market Securities
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0% - 100%
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Individual Life - Enhancer
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Debt Instruments, Money Market & Cash
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65% - 80%
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Equities & Equity Related Securities
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20% - 35%
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Discontinued Policy Fund
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23-May-13
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12.0434
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Enhancer Fund
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23-May-13
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39.5219
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Discontinued Policy Fund
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Individual Life - Enhancer
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13-Jul-09
20:14
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Birla Sun Life Insurance launched 'Super 20'
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25-Jun-09
11:26
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Birla Sun Life renewed bancassurance with Development Credit Bank
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20-Jun-09
11:46
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Investing Rs 500 cr in Life Insurance arm : Birla & Sun Life
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16-Jun-09
12:26
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Sun Life Financial acquires UK business of Lincoln National
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19-May-09
11:55
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Birla Sun Life paid Rs 1.25 lakh as settlement amount to SEBI
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15-May-09
12:26
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Claims outstanding ratio has been reduced by 100% : Birla SunLife Insurance
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29-Apr-09
10:26
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Birla Sun Life Insurance crosses Rs 10,000 cr in AUM
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08-Apr-09
08:56
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Birla Sun Life Insurance opens zonal office in Pune
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20-Jan-09
13:20
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Birla Sun Life to partner in micro insurance project
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10-Jan-09
10:20
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Birla Sun Life mutual dumps Satyam
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09-Jan-09
14:10
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Birla Sun Life enters the health space
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08-Jan-09
12:40
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BSLI enters health insurance buisness
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03-Dec-08
12:06
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Birla Sun Life CEO quits
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