Children Policy
Bal Jeevan Bima
A children's endowment taken by a PLI-holding parent on a child's life. If the parent dies, no further premium is due and the policy continues to maturity.
Suitable for
PLI-eligible parents securing a guaranteed corpus for a child, protected even if the parent dies.
Key features
- Premium waiver — no further premium due on the parent's death
- Full maturity benefit (sum assured + bonus) for the child
- Covers up to two children per policyholder
Important conditions
- Parent must hold a PLI policy
- Maximum 2 children; child age 5–20
- No loan and no surrender
Documents required
- Completed proposal form (in capital letters)
- Identity proof (Aadhaar / PAN / Voter ID / Passport)
- Age proof & address proof
- Proof of eligibility (PLI) / rural residence (RPLI)
- Recent passport-size photographs
- Medical examination report where required by age / sum assured
FAQs
Who is insured?
The child; the parent is the policyholder.
What if the parent dies?
No further premium is payable and the policy continues to pay out at maturity.