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Top Child Education Plans In India

Updated On Oct 01, 2021

Life will provide your child with the same obstacles that you have experienced in your own life, and it is your job to ensure that when these issues arise, your child is prepared and equipped to deal with them. A kid insurance plan not only protects your child's future but also provides you with a way to invest. If you aren't alive when the plan matures, you will be leaving behind cash to help your child's future.

We'll talk about why you should get a child insurance policy and the best child insurance plans in India in this post.

What is the Purpose Of A Child Education Plan?

A child plan not only safeguards your child's future but also provides you with a few additional benefits.

  • Assurance Of Benefit

No other investment provides the same level of security as the Child Education Package. A premium exemption benefit is a built-in incentive in many child education programs. This benefit promises to pay a maturity benefit whether or not the parent is present at the time of maturity. As a result, the profit ensures the child's future.

  • Advantages On Two Fronts

The Child Education Package is a two-pronged investment-cumulative-insurance strategy. The first is the establishment of a financial corpus, particularly for the child. Second, it tries to offer to finance for critical future milestones for the kid. School education programs have established a fund specifically designed to fulfill the needs of females pursuing higher education. As a result, the plan satisfies the individual's child-planning needs.

The Most Effective Child Education Plans on the Market

The following are some of the best child education plans on the market:

  • Max Life Future Genius Education Plan

Max's plan guarantees that the child's financial ambitions are not harmed in the event of a parent's untimely death or absence. In the event of the life assured's death, the insurance will be continued. You will be able to select your preferred premium payment arrangement and insurance duration. During the latter four years of the policy's term, this plan also provides a money-back benefit.

  • ICICI Smart Life Plan

This plan gives you the option of investing in one of two distinct investment structures. When premiums are paid on time and without late fees, loyalty rewards are offered. Asset boosters can raise the value of your portfolio by up to 40 times the amount you pay in yearly premiums.

  • New Children's Money-Back Plan (LIC)

Children between the ages of 0 and 12 are covered by this plan. A Guaranteed Sum Assured of at least Rs. 1 lakh. Throughout the period, bonuses will be added. Only 20% of the cost will be charged with the cover when the kid reaches 18, 20, or 22.

  •  Bajaj Allianz Young Assure Plan

At maturity, Bajaj Allianz guarantees bonuses and enhancements. Accidental and total disability payments are also included in this plan. The present plan can be expanded by up to 5 riders. The profit from maturity might be paid out in three installments.


As a parent, you would never risk your children's future, particularly their education. Investing in a kid plan, on the other hand, allows you to plan and ensure that your child is healthy no matter what. There are a variety of kid 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.

Also read: 

Frequently Asked Questions For Child Life Insurance Plans

Understanding Significant Features Of 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.

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