List Of Child Plans Available In India

A child insurance plan is a gift that parents must always try to provide for their children. It is a savings and insurance instrument that ensures the financial security and stability of children. A good child insurance plan provides comprehensive cover and provides financial aid at the crucial moments in your child’s life. Child plans let you gather a substantial fund over a certain period of time that is exclusively for your child’s needs.

List of Child Plans Available in India

There are various child plans that are available in India, each having features and benefits of its own. Read on to find the list of child plans that are available in India:

1. Aditya Birla Sun Life Insurance Vision Star Plus

The Aditya Birla Sun Life Insurance Vision Star Plus provides assured payouts after the 5th year of the premium payment term. The minimum sum assured with this plan is 1 Lakh INR. This is an affordable plan that helps provide for your child’s goals.

2. Bajaj Allianz Young Assure 

The Bajaj Allianz Young Assure comes with a guaranteed maturity benefit and guaranteed additions that will help finance your child’s future plans sufficiently. The plan even provides a bonus on the maturity of the plan. There are also various rider options that make the plan even more comprehensible. 

3. Max Life Shiksha Plus Super

The Max Life Shiksha Plus Super is a unit-linked non-participating individual life insurance plan. It provides a lump-sum benefit as well as a family income benefit and even funding of premium benefit on the death of the policyholder before the end of the policy term. This ensures your child stays covered even when you might not be present.

4. SBI Life Smart Scholar

The SBI Life Smart Scholar Plan is another child plan that has important benefits. It comes with an inbuilt premium waiver benefit which helps the beneficiaries keep the plan active even if the policyholder dies. The policyholder is free to choose their premium option for the plan and there are also advantageous tax benefits that are applicable.

5. Aegon Life Rising Star Insurance Plan

The Aegon Life Rising Star Insurance Plan aims at providing for your child's dreams and future endeavours. Not only does it have a death benefit and a maturity benefit facility, but it also facilitates auto-balance of funds and has a partial withdrawal facility available.

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Conclusion

In today’s world of inflation and growing competition, it is very valuable to secure the financial security of your child. A child plan is an affordable option that lets you do that. The above-mentioned plans are some of the best that will help you make good use of your earnings.