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Best Life Insurance Child plans

Published On Mar 02, 2021 12:00 AM By InsuranceDekho

The needs that parents want to secure financially are educational, medical, and marriage. But education takes up the critical spot when prioritizing the above-mentioned needs. It is thus better to assign funds to get the most significant objective for their children- Education. The most excellent way to protect a child's future is to invest in Life Insurance Child Plans.

Best Life Insurance Child plans

Child Plans

Entry Age

Maximum Maturity Age

Minimum Annual Premium

Minimum Sum assured

SBI Life Smart Champ Insurance Plan

21-50 years

70 years

Rs. 6,000/-

Rs. 1 Lakh

Aviva Young Scholar Advantage Plan (Child Education Plan)

21-45 years

60 years

Rs. 50,000/-

10 X annual premium

Bajaj Allianz Young Assure

18-50 years

 60 years


10 X Annualized premium

HDFC SL YoungStar Super Premium

18-65 years

75 years

Rs. 15,000/-

10 X annualized premium

Exide Life Mera Aashirvad Plan

21-50 years

65 years


Rs. 3.5 Lakh

1. SBI Life Smart Champ Insurance Plan

This life insurance plan secures the financial future of the child. The plan offers the benefit of flexibility, reliability, and security. Some of the key features of the plan are mentioned below:-

  • It provides the flexibility to select various premium payment options.
  • It offers assured advantages payable in four equal installments once the child reaches eighteen years.
  • The premium of future is waived in case of demise of the insured individual during the child insurance policy tenure.

2. Aviva Young Scholar Advantage Plan (Child Education Plan)

The plan offers complete financial guard to the child. The features offered by this insurance are:

  • The future premium is waived in case of demise of the parents during the policy tenure.
  • It offers the option to pay an add-on premium in the top-up form.

3. Bajaj Allianz Young Assure

This plan guarantees a financially secure child’s future along with the life coverage benefit. The features offered by this insurance are:

  • It offers several premium payment options and policy term options.
  • It offers a premium discount for a higher sum assured amount.

4. HDFC SL YoungStar Super Premium

This plan helps to accumulate funds so that you can use it at various stages of the child’s like for financing higher education, marriage, etc. Here are the features of the policy:

  • It offers the flexibility to select from four different fund options.
  • Flexibility to choose the sum assured.
  • Flexibility to choose the premium amount.

5. Exide Life Mera Aashirvad Plan

This child insurance plan is specifically designed to offer financial safety to the child. Some of the features of this insurance plan include:

  • It offers a definite sum assured to protect the child’s future.
  • The guaranteed payouts ensure that the child’s future is adequately secured.

Also Read: Top Child Plans In India

Child Plans or Mutual Funds, Which is Better?

DHFL Pramerica Life Insurance Child plans - Features and Benefits


Once you are conscious of the need for securing a child plan to make sure your child’s seamless progress into a bright future, you should choose a plan to cater to your child’s needs from the plethora of child insurance plans in the market.

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