Bal Jeevan Bima Yojana: Eligibility & Benefits

Overview

Bal Jeevan Bima Yojana is a child insurance policy offered by India Post under Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI). It provides life cover for eligible children of PLI or RPLI policyholders, along with benefits and bonuses.

Key Features

Child’s Age: Children aged 5 to 20 years are eligible.
Parent’s Age: The parent or guardian must be aged 45 years or below.
Number of Children: A parent can insure up to two children.

Core Benefits

Premium Waiver on Parent’s Death: If the parent dies during the policy term, future premiums are waived. The policy continues with its benefits until maturity.
Maturity Benefit: If the child survives the policy term, the sum assured and accrued bonuses are paid at maturity.
Death Benefit: If the child dies during the policy term, the sum assured and accrued bonuses are paid to the nominee, subject to policy terms.

A term plan should offer clear protection without adding unnecessary complexity or cost. The ABSLI Life Shield Plan (UIN: 109N109V06) offers several cover structures and payout choices, but each option comes with different conditions.

Aditya Birla Sun Life Insurance offers this non-linked, non-participating individual term insurance plan with level, increasing, decreasing, and return of premium options. Here is a closer look at its features, benefits, limitations, and suitability.

Eligibility Criteria for Bal Jeevan Bima Yojana

Number of Children: A policyholder can insure up to two children under Bal Jeevan Bima.
Child’s Age: The child must be between 5 years and 20 years old at the time of policy purchase.
Maximum Sum Assured: The policy offers a sum assured of up to ₹3 lakh (PLI Bal Jeevan Bima) and ₹1 lakh (RPLI Bal Jeevan Bima).
Parent’s Age: The parent or policyholder must be 45 years old or younger when the policy is purchased.

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Key Features of the Policy

Premium Waiver on Parent’s Death

If the parent dies during the policy term, no further premiums are due. The policy continues, and the child receives the full sum assured and accrued bonuses at maturity.

Premium Payment

The parent or policyholder must pay all premiums. The policy does not offer a loan facility.

Paid-Up Option

Under the current Rule 51, a policy can acquire paid-up status after at least three years of premium payments. The five-year condition applies only to eligibility for a proportionate bonus on the paid-up value.

No Surrender Facility

The policy does not offer an option to surrender it before maturity.

No Medical Examination

The child does not need to undergo a medical examination. However, the child must be in good health, and risk cover begins once the proposal is accepted.

Bonus Rates

Bal Jeevan Bima earns bonuses at the rates applicable to the Santosh Endowment Assurance plan. The rates provided are ₹52 per ₹1,000 sum assured per year under PLI and ₹48 under RPLI. These rates may change, so check the latest India Post bonus declaration before purchase.

Bal Jeevan Bima Yojana: RPLI vs. PLI

Feature	PLI Bal Jeevan Bima	RPLI Bal Jeevan Bima
Insurance Framework	Postal Life Insurance (PLI)	Rural Postal Life Insurance (RPLI)
Minimum Sum Assured	₹20,000	₹20,000
Maximum Sum Assured	₹3 lakh	₹1 lakh
Child’s Entry Age	5 years to 20 years	5 years to 20 years

Sample Premium Illustration

The sample illustration below uses a sum assured of ₹1 lakh and the monthly premium rates in Table VI of India Post’s Sankalan rulebook. The table specifies premiums based on the child’s entry age and selected maturity age.

Child's Age	Maturity Age	Monthly Premium	Total Premiums
5 years	25 years	₹592	₹1,42,080
10 years	20 years	₹1,011	₹1,21,320
5 years	18 years	₹813	₹1,26,828

There is an official Bal Jeevan Bima Yojana premium chart to assess sample premium rates in the Sankalan rulebook. Additionally, for a personalized premium quote, use the official India Post portal or visit your nearest post office.

Note: For a ₹1 lakh sum assured, the declared annual bonus is ₹5,200 under PLI and ₹4,800 under RPLI for an eligible year. These figures are based on the declared bonus rates. Future bonuses may vary.

How to Buy Bal Jeevan Bima: Step-by-Step Process

Step 1: Check Eligibility

Start by checking the child’s age, parent’s age, and the maximum number of children covered. Also confirm the applicable PLI or RPLI eligibility rules.

Step 2: Choose the Sum Assured and Policy Term

Select the sum assured and policy term based on your needs. Available maturity ages range from 18 to 25 years. Request a written premium quote and benefit illustration before you proceed.

Step 3: Complete the Proposal Form

Fill in the child’s personal details, parent’s information, selected coverage, and health declarations. Review the form carefully to ensure all details are accurate.

Step 4: Submit Documents and Pay the Premium

You can start the process through the PLI customer portal or visit an authorized post office or PLI representative. Submit the required documents and pay the initial premium through the available payment method.

Step 5: Wait for Approval and Receive the Policy Bond

The selected Head Post Office verifies your documents and processes the proposal. Once the policy is accepted, India Post dispatches the policy bond by Registered Post for online applications. Its customer charter lists a 15-day service standard after it receives complete documents.

Note: For offline applications, visit a post office that handles PLI/RPLI proposals and ask for the Bal Jeevan Bima application form. Submit the completed form and required documents, and collect an acknowledgment for the initial premium. Once the policy is issued, check the policy bond and confirm that all details are correct.

Documents Required for Application

The India Post Children Policy proposal form lists key details and documents required for Bal Jeevan Bima. These include the child’s photograph, identity and age proof, address details, parent’s occupation and income information, coverage selection, and health declarations.

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Conclusion

Start by securing the parent’s income with adequate life cover. Compare the best term insurance plans based on household expenses, outstanding loans, dependents, and future education costs. Bal Jeevan Bima cannot replace meaningful income and liability protection.

Next, build a separate education fund through investments that match your risk tolerance and time horizon, because the ₹1 lakh and ₹3 lakh sum assured amounts and bonuses may not cover future education expenses. Compare suitable child education insurance plans with options such as fixed-income instruments or diversified equity funds.

Consider Bal Jeevan Bima only as supplementary cover if its benefits suit your family’s needs. Check the premium commitment, maturity value, bonus rates, and limited access to funds before you buy.

Frequently Asked Questions

Is Bal Jeevan Bima Yojana available to private sector employees?

Bal Jeevan Bima is available under India Post’s Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) schemes. Eligibility depends on the parent’s eligibility for the respective scheme. Private sector employees may not qualify for PLI solely through their employment, but may qualify under RPLI if they meet its conditions. Check with India Post before applying for the Bal Jeevan Bima Yojana post office scheme.

What happens to the Bal Jeevan Bima Yojana premium if the parent dies?

If the parent or policyholder dies during the policy term, all future premiums under the child’s policy are waived. The policy continues until maturity without further premium payments. Once the child completes the policy term, the full sum assured and applicable accrued bonuses are paid, subject to the policy terms.

Does Bal Jeevan Bima Yojana offer a bonus?

Yes. Bal Jeevan Bima earns bonuses at the rates applicable to the Santosh Endowment Assurance plan. The bonus is calculated per ₹1,000 of sum assured for each eligible policy year. The applicable rates differ between PLI and RPLI and may change. Check India Post’s latest bonus declaration for the current rates.

Can I pay the Bal Jeevan Bima Yojana premium online through India Post?

Yes, India Post provides online facilities for eligible PLI and RPLI policyholders to pay premiums through its customer portal. You can use the available payment options to manage your policy without visiting a post office. Check the portal for the latest payment facilities and confirm that your payment is successfully recorded.

What happens if the child dies under Bal Jeevan Bima Yojana?

If the insured child dies during the policy term, the sum assured and applicable accrued bonuses are payable to the nominee, subject to the policy conditions. The policy then terminates after the death benefit is paid. The parent or nominee should contact the servicing post office to understand the claim process and required documents.

Does the parent need an existing PLI or RPLI policy to buy Bal Jeevan Bima Yojana?

No. Parents do not need an existing PLI or RPLI policy to buy Bal Jeevan Bima Yojana. This applies to both PLI Bal Jeevan Bima and RPLI Bal Jeevan Bima. Parents can apply directly, subject to the applicable eligibility, age, sum assured, and underwriting requirements.

Is a medical examination required for a child under Bal Jeevan Bima Yojana?

No medical examination is generally required for the child under Bal Jeevan Bima. However, the child must be in good health when you submit the proposal. The insurance risk begins from the date India Post accepts the proposal. Any health-related declarations must be accurate and complete.

Can Bal Jeevan Bima Yojana be surrendered or used to obtain a loan?

No. Bal Jeevan Bima does not offer a surrender facility or a loan against the policy. However, under the current Rule 51, a policy becomes eligible for paid-up status after at least three years of premium payments. The five-year requirement applies only to eligibility for a proportionate bonus on the paid-up value.

Is Bal Jeevan Bima Yojana available to private-sector employees?

Yes. Private-sector employees may qualify for Bal Jeevan Bima through Postal Life Insurance (PLI) if they work for an NSE/BSE-listed company, belong to an eligible professional category, or hold a degree or diploma from a government-recognized institution. Rural Postal Life Insurance (RPLI), initially designed for rural residents, was also extended to urban citizens in 2026. However, eligibility depends on India Post’s applicable rules. Check the latest requirements with India Post before applying.

Last updated on: 7 Nov, 2026