Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

Top 4 child education plans in India

Published On Oct 23, 2021 10:00 AM By InsuranceDekho

Life will provide your child with the same challenges that you have faced in your own life, and it is your responsibility to ensure that your child is prepared and equipped to cope with these difficulties when they come. A child insurance plan not only safeguards your child's future but also allows you to invest. You will be leaving money to aid your child's future if you are not living when the plan matures. In this post, we'll discuss why you should acquire Child insurance coverage as well as the top child insurance policies in India.

What Is A Child Education Plan's Purpose?

A Child plan not only protects your child's future but also gives you a few extra perks.

1. Benefits Guaranteed

The Child Education Package is unlike any other investment in terms of security. Many child education programs have a premium exemption advantage as a built-in incentive. Whether or whether the parent is present at the time of maturity, this benefit guarantees to pay a maturity benefit. As a consequence, the profit secures the future of the child.

2. On Two Fronts, Advantages

The Child Education Package is a two-pronged investment and accumulation approach. The first step is to build a financial foundation, especially for the youngster. Second, it makes an attempt to provide financial assistance for the child's important future milestones. Females pursuing higher education have their own funds set up by school education programs. As a consequence, the plan meets the child-planning requirements of the person.

The Most Efficient Child Education Programs on the Market

Some of the top child education plans available are as follows:

1. Max Life's Future Genius Education Plan

In the case of a parent's sudden death or absence, Max's plan ensures that the child's financial goals are not jeopardized. The insurance will continue in the event that the life guaranteed passes away. You'll be able to choose your preferred premium payment method and period of coverage. This plan also gives a money-back benefit during the last four years of the policy's duration.

2. The ICICI Smart Life Plan

You have the choice of investing in one of two different investment structures with this plan. Loyalty incentives are provided when premiums are paid on time and without late penalties. Asset boosters can increase the value of your portfolio by up to 40 times the annual premiums you pay.

3. A New Money-Back Plan for Children (LIC)

This plan covers children between the ages of 0 and 12. A minimum of Rs. 1 lakh in Guaranteed Sum Assured. Bonuses will be added during the time. When the child reaches the ages of 18, 20, or 22, just 20% of the fee will be charged to the cover.

3. Young Assure Plan by Bajaj Allianz

Bajaj Allianz promises incentives and improvements upon maturity. This plan also includes compensation for complete and partial disability. Up to 5 more riders can be added to the current plan. The maturity profit might be paid out in three payments.


As a parent, you would never compromise your children's future, particularly their education. Investing in a Child plan, on the other hand, allows you to plan ahead and ensure that your child is healthy no matter what. There are a variety of Child plans available, including market-linked and conventional plans, as well as regular and lump-sum plans. You should choose based on the specific requirement after evaluating the various premiums and incentives. 

You may also like to read - Buying Child Insurance? Keep These 5 Crucial Aspects In Mind

Uncovering 5 Key Benefits Of Investing In A Child Insurance Plan

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.

Popularly Opted Term Insurance Sum Assured

People Also Read

Must BuyMust Buy

Why to Buy Life Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 50 Lacs+ happy customers