Child Plans
Secure your child's future milestones — education, marriage, and beyond with financial protection.
What is a Child Plan?
Secure your child's future milestones
Child insurance plans are designed to provide financial protection and security for your child's future. These plans combine life insurance with savings, offering a corpus for important milestones like education, marriage, or other future needs.
Child Plans provides financial protection to the child in case of the parent's demise. A lump sum amount is paid out on maturity to support child's future goals and premiums paid qualify for tax deductions under Section 80C, and maturity benefits are tax-free under Section 10(10D). Premium Waiver benefit ensures policy continuance even if the parent is unable to pay premiums due to death or disability.
In short, Child Plans provides a corpus for your child's future goals and offers reassurance that your child's financial needs will be met, even if you're not around. Investing in a child insurance plan can help ensure your child's financial well-being and secure their future.
Key Features:
- Financial protection for child's future
- Lump sum on maturity for education/marriage
- Tax benefits under Section 80C & 10(10D)
- Premium waiver on parent's death/disability
- Guaranteed returns with bonuses
- Flexible premium payment options
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What is Child Insurance Plan?
A savings-cum-insurance plan securing the child's future.
What are the key features of Child Plan?
It is helpful as a saving component for goals like the child's education and marriage.
Whether premium payments are tax exempted?
Tax benefit is available under Section 80C.
What is the key benefit of Child Plan?
Secure the child's future despite uncertainties.
What is the double benefit in Child's Plan?
On the unfortunate demise of the parent, sum assured will be paid to the child or appointee of the child immediately and future premiums will be waived off.