Guarantee your child's education and life milestones — even if something happens to you. Child Plans ensure the money is there when your child needs it most, no matter what.
*Illustrative only. Actual returns market-linked.
Child Plans are designed to pay out at key milestones — and continue even if the parent is no longer there.
Select your premium amount and policy term based on when your child needs the funds (typically at age 18 or 21).
Pay annual or monthly premiums. The fund grows through investments, building your child's education corpus.
On parent's death, future premiums are waived. The insurer continues contributing. The child still gets full maturity benefits.
Structured payouts at milestones: Class 12, college admission, graduation — exactly when your child needs the money.
Structured payouts when your child hits critical education milestones — Class 12, graduation, and post-graduation.
If the parent passes away, all future premiums are waived. The policy continues, and the child receives full maturity value.
Funds invested in equity/debt mix depending on plan type — helping beat inflation over a 10–15 year horizon.
Parent gets meaningful life cover throughout the policy term, ensuring family financial security beyond education.
Premiums qualify under 80C. Maturity proceeds and death benefits are tax-free under Section 10(10D).
Many child plans add loyalty bonuses for staying invested — boosting your corpus without extra premiums.
In the event of the parent's (policyholder's) death, the premium waiver benefit activates. All future premiums are paid by the insurer. The policy continues uninterrupted, and the child receives the full sum assured plus maturity benefits as originally scheduled — ensuring the child's education is never compromised.
The earlier, the better — ideally when the child is between 0 and 5 years old. Starting early gives a longer investment horizon, lower premiums, and more time for compounding to work. Many plans allow entry for children from birth (or as early as 91 days old) up to age 12.
Child plans have the premium waiver advantage — meaning even if the parent is no longer around, the goal is funded. SIPs offer higher potential returns and flexibility but have no built-in insurance protection. For complete goal security, combining a term insurance with a SIP, OR choosing a child plan, can both work. Our advisors can model both scenarios for you.
Most child plans have a partial withdrawal option after the lock-in period (typically 3–5 years) for education-related expenses. Some plans allow systematic partial withdrawals from the child's age of 18. Surrendering the policy early will result in a surrender value that may be less than premiums paid.
Policy terms are usually designed to mature when the child turns 18 or 21 — aligning with key education milestones like college admission. If you start when the child is 3, a 15-year policy matures at 18. If started at birth, a 21-year policy covers undergraduate and postgraduate education costs.
Our advisors will help you choose the right child plan based on your child's age, education goal, and your budget — 100% free.