Skip Ribbon Commands
Skip to main content
 

Need help? Call 1-800-270-7000

To offer you an enhanced website experience we have revamped this section. Remembering your User Name & Password just got simpler.

Convert your 10 digit CIP number to a User Name of your choice and select a password you can remember with ease.

If you are having trouble logging in, check if you have typed in the correct User Name or type the old 10 digit CIP number (if you are a 1st time user).

Cookies need to be enabled in your Internet browser in order for you to Login. You need to go to Internet options > Privacy > Advanced > Select the "Accept" or "Prompt" option under "First Party Cookies" > Click Ok
OK


Important: As per Finance Act 2016, from 01st June 2016, due to introduction of Krishi Kalyan Cess @ 0.5%, service tax rates has been revised . Consequently, for unit linked plans, the additional service tax will be deducted in the form of units. For non-linked plans, there will be an increase in the policy premium amount.   Click here  to know more.

How much should I invest in life insurance for planning children's future ?


As a parent you have ‘nothing but the best, planned for your children’s future. But can you buy the best without investing wisely? Read on to know how much is enough when it comes to planning for your children.

Investing your money in a comprehensive life insurance policy is a wise decision. However, buying a policy for your children is not always the same as buying one for yourself. There are specific factors to be kept in mind while investing for your children. Understanding these factors will help you secure your children's future.

 
First and foremost, you need to determine how much money your children will need, when will they need it and for what purpose. This will give you an idea about the amount of coverage you need. Secondly, you need to analyse your annual income, debts, expenses and other future obligations.
 
Long-term planning

 

You work hard to fulfill your children's aspirations and desires. However, certain goals may take a long time get fulfilled. For such goals, different life insurance solutions can come handy. For instance, child Unit Linked Insurance Plans (ULIPs) combine the option of insurance with investments. And some companies offer you the choice of investing in a variety of funds like equity, debt or balanced funds. These options not only allow you to secure your child's future financially, but also earn good returns.

 

 
You can also opt for different types of ULIPs based on your child's ambitions. For instance, if your child aspires to pursue higher education abroad then you can invest in one ULIP, while for her marriage, you can select another appropriate ULIP.
 
An array of solutions
In addition to ULIPs, you can also opt for term insurance which provides coverage for a fixed time period. With such a plan you can ensure that your child's long-term needs are fulfilled even in case of your absence.
 
Having a combination of ULIPs and term insurance will provide your child double protection, and ensure financial stability to meet their aspirations.Investing in different life insurance plans as per your children's long-term requirements can hence make their dreams come true.​ ​ 
Buy Term Insurance Online
Date of Birth:
Gender:
Tobacco Consumption:
Desired policy cover:
Toll free (Within India):
1-800-270-7000

Outside India:
+91 22 66917777
(Call charges apply)

Between 9 am to 9 pm, Monday to Saturday

Insurance Dictionary

Quick Links

Notification

Need help? Call 1-800-270-7000
Posted Date :
Subject :
Message :

Notifications

Need help? Call 1-800-270-7000
Are you sure you wish to delete the selected Notification(s)?

Daily NAV's

This site is best viewed with resolution 1024x768 in Internet Explorer 8.0

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.

Trade Logo displayed above belongs to SUN LIFE ASSURANCE COMPANY OF CANADA and ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED and used by BIRLA SUN LIFE INSURANCE COMPANY LIMITED as per terms and conditions of license Agreement.

Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. CIN: U99999MH2000PLC128110 Registration No. 109.

BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to the public that,
  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with the details of the phone call.