BSLI Dream Child Plan

Birla Sunlife Dream Child Plan, a plan that gives you the confidence and freedom to keep pace with the ever changing world of your dreams for your child.

The Guaranteed Savings Date
BSLI Dream Child Plan guarantees that you receive no less than the chosen Basic Sum Assured on the Guaranteed Savings Date.
Your Guaranteed Savings Fund will continue to grow at a minimum rate
of 3% per annum less policy charges and less any partial withdrawals.
All Basic Premiums, net of an investment guarantee charge, paid by you are invested in the Enhancer Fund.

Enhancing Your Benefits
You may wish to enhance your financial security by choosing Enhanced Sum Assured. The Enhanced SA Premium as applicable will be invested, net of investment guarantee charge, in the Enhancer Fund thus augmenting your Basic Fund Value. You may also opt for Enhanced Savings Premiums, which increases your savings. The Enhanced Savings Premiums are invested under the Self- Managed Option in our range of ten well established investment funds ranging from 100% debt to 100% equity to suit your particular need and risk appetite - Income Advantage, Assure, Protector, Builder, Enhancer, Creator, Magnifier, Maximiser, Multiplier and Super 20. You will retain the freedom to reallocate your investments and re-direct your future Enhanced Savings Premiums between these funds based on your choice.

The Joint Life Benefit
BSLI Dream Child Plan is designed as a joint life insurance plan. Under this plan you as the grand/ parent are the primary life insured and your child will be the secondary life insured. On the Guaranteed Savings Date, your child will become the primary life insured and will enjoy all the benefits under this plan for the rest of the policy term.

Guaranteed Additions Benefit
You will receive a Guaranteed Addition equal to 2% of your average Basic Fund Value recorded in the last 60 months at the end of 10th year and every 5th year subsequent to that. These will be in the form of additional units allocated to your fund. In case you have chosen to augment your savings through Enhanced Savings Premium, the Guaranteed Additions will be paid on your Fund Value (Basic Fund Value plus Enhanced Fund Value).

Death Benefit
Prior to the Guaranteed Savings Date, upon the unfortunate demise of the primary life insured, the beneficiary will receive the Basic Sum Assured and the Enhanced Sum Assured, if chosen. Also, all future Basic Premiums adjusted for mortality charges will be paid by BSLI every month till the Guaranteed Savings Date. In case of demise of primary life insured after the Guaranteed Savings Date, the beneficiary will receive the Basic Sum Assured.

Maturity Benefit
On maturity you will receive the Basic Fund Value. In case you have
opted for Enhanced Savings Premium, then you will also receive Enhanced Fund Value.

Other Benefits
• Partial Withdrawals

You can make partial withdrawals, after you have completed three policy years, as long as your child has attained the age of 18 years, the minimum amount withdrawn is Rs. 5,000 and the balance amount left in your fund after the withdrawal is equal to at least one annual policy premium plus any surrender charges. The Basic Sum Assured will be reduced by the partial withdrawals made till the Guaranteed Savings Date.

• Surrender Benefits

You can surrender your policy and receive your Fund Value (Basic Fund Value plus Enhanced Fund Value if any) less applicable surrender charges. There are no surrender charges after the completion of 5 policy years. If you surrender the policy prior to the 3rd policy year, your surrender benefit will be kept constant and deferred for payment to the end of the 3rd policy year. In the event of the death of the primary life insured prior to the Guaranteed Savings Date, the secondary life insured can surrender the policy anytime after attaining age of 18 years.

Please go through our brochure to understand the surrender charges
in detail.

Plan Summary
Entry Age - Grand/Parent- Child 18 - 65 years, provided age on
guaranteed Savings

Date is 75 or less

30 days - 17 years
Guaranteed Savings Date Child's age 18 - 27, subject to minimum of
10 policy Years

Policy Term Guaranteed Savings Date + 20 years
Pay Term Years to Guaranteed Savings Date
Basic Sum Assured Minimum Rs. 2,00,000 ,
subject to minimum Basic Premium Rs. 8,000.
Enhanced Sum Assured Minimum Rs. 50,000
Enhanced Savings Premium Minimum Rs. 5,000