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Top 5 Child Plans To Buy In 2022

Updated On Jan 09, 2022

Child insurance plans are a sort of life insurance that is designed to assist you in providing a secure financial future for your child. Even if you are not present at the time of plan maturity, the plan offers you an investing corpus. As a result, it enables you to leave a secure and guaranteed fund for your child's future. A Child plan not only safeguards your child's future but also provides you with a few additional benefits. The Child Education Package is a two-part investment-cumulative-insurance strategy. One is the establishment of a financial foundation, especially for the child. Second, it tries to offer funds for important future achievements for the youngster.

Top 5 Child Investment Plans for 2022

Here are some of the greatest saving Child investment plans for 2022 that you should examine.

1. Bajaj Allianz Young Assurance 

Bajaj Allianz offers a variety of Child investing products, including Young Assure. It's a standard Child insurance policy with an accidental complete disability payment added in. The lowest age to join this plan is 18 years old, and the maximum age to join is 50 years old. The lowest age of maturity is 28 years, while the highest age of maturity is 60 years. Furthermore, the sum insured is ten times the annual premium. Ten, fifteen, and twenty years are the policy term possibilities. Monthly, quarterly, half-annual, and yearly premium payment options are available.

2. Child Advantage Plan by Bharti AXA Life 

This is a standard Child investing plan with two maturity benefit options: a money-back benefit or an endowment benefit. The plan has an option to forego the premium benefit. In the event of your death, the insurer continues to pay the premium so that your child can benefit from the insurance. Parents must be 18 years old to apply, with a maximum age of 50 years in the Regular Pay option and 55 years in the Limited Pay option. The Regular Pay option has a maturity age of 71 years, whereas the Limited Pay option has a maturity age of 76 years. The policy term might be anything between 11 and 21 years.

3. HDFC SL Youngstar Super Premium 

This policy is an HDFC unified linked insurance package that includes life insurance. It's a great financial protection plan for your child, and it comes with two flexible benefit payment options: Save Benefit and Save-n-Gain Benefit. The SL Youngstar Super Premium Plan offers four funds to choose from, depending on your needs: Income Fund, Balanced Fund, Blue Chip Fund, and Opportunities Fund are all examples of mutual funds.

4. ICICI Pru Smart Child's Regular Premium 

The ICICI PruSmart Child's plan is a regular premium participation endowment plan with assured educational rewards. In the terrible case of a parent's death, the firm provides a lump sum payment of Sum Assured and future premiums under this plan. There's insurance against accidents and disabilities, as well as a fund to cover a child's major school expenses. The income benefit rider and the accident and disability benefit rider are two extra rider benefits available with this insurance. Partial withdrawals are possible, and at the end of the 15th policy year, 120 percent to 170 percent of the yearly premium is assigned to your fund value.

5. LIC New Children's Money Back Plan

The LIC New Children's Money Back Plan is a non-linked participating money back plan. Its purpose is to provide survival advantages to children in order to satisfy their educational, marriage, and other demands. This insurance includes death payments as well as a variety of survival and maturity rewards. The policyholder will be able to take the survival benefit at any point throughout the policy's term, whether before or after the due date. In addition, the LIC's Premium Waiver Benefit Rider is offered as an optional rider on the life of a proposer aged 18 to 55 years old for an extra premium.


As a parent, you would never jeopardize 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 assessing the various premiums and incentives.

Also read - Which Is The Best Child Plan That Will Support My Child's Educational Needs?

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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