Aditya Birla Sun Life Insurance has launched a new insurance plan that customers can buy for their child’s future.

The plan, ABSLI Child’s Future Assured Plan, aims at assured returns combined with protection, to financially secure a child’s future milestones.

“This child plan offers guaranteed returns and is a non-linked non-participating life insurance plan. ABSLI Child’s Future Assured Plan enables you to plan for child’s two significant milestones - education and marriage by providing the required cash flow to help you meet your goals for your child’s future,” it said in a statement on Tuesday.

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