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Best Child Life Insurance Policies Available In India

Updated On Nov 07, 2021

A child's life insurance plan, also known as a Child Plan, is a combination of insurance and investment that can assist your children in meeting their financial needs. It not only pays out large sums of money, but it also allows policyholders to withdraw money from their savings account whenever they need it. A Child Plan is an excellent insurance option for helping your child through all of life's milestones. A Child Plan allows you to not only save money on a regular basis, but also to grow your money. At the same time, you can access your money.

Top Child Plans in India in 2021

The following is a list of the finest Child insurance policies for Indian parents.

1. HDFC Life YoungStar Super Premium Plan

HDFC provides two different types of death benefits. If the parent dies during the time, only half of the premium will be paid. There are four distinct investment funds from which to pick.
Unit-related package with two death benefit choices If a parent passes away during the term and the parent chooses the 'Save-n-Gain' payment option, half of the premiums will be taxed as yearly income. You can choose from four different investment funds. Optional severe illness coverage is offered.

Must Read: Why Child Life Insurance Is A Great Investment?

2. Child Advantage Plan by Bharti Axa Life

This is a non-linked participating life insurance plan that allows you to choose between receiving a cash payout or an endowment. The plan includes a built-in premium waiver benefit. Let's take a look at the coverage's perks and features. The policy's minimum entrance age is 18 years old, with a maximum age of 55 years old. The insurance has a maximum maturity age of 76 years. The policy allows for a variety of policy tenures. The policyholder can pick a policy duration between 11 and 21 years depending on the age of the Child.

3. Smart Child Assure Plan by ICICI Prudential

This is a Unit Linked Insurance Plan that aids in the accumulation of funds for the children's future while simultaneously providing insurance coverage. The following are the advantages and benefits of the insurance. The plan provides two premium payment options: regular pay and single pay. The insurance has a maximum maturity age of 64 years. The plan provides a number of investment fund possibilities. The policy tenure ranges from 10 to twenty-five years.

4. LIC's New Money-Back Plan for Children

This plan is available to children aged 0 to 12. A minimum of one lakh rupees in Guaranteed Sum Assured. Throughout the course of the game, bonuses will be introduced. When the youngster reaches the ages of 18, 20, or 22, the cover will be charged just 20% of the amount.


You would never endanger your children's future, especially their education, as a parent. Investing in a child plan, on the other hand, helps you to prepare ahead of time and guarantee that your child is healthy regardless of what happens. There are several types of child plans available, including market-linked and traditional plans, as well as basic and lump-sum plans. After weighing the various premiums and incentives, choose the one that best matches your requirements.

Also Read: Pros And Cons Of Purchasing A Child Life Insurance Policy

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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