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Why Are HDFC Life Child Insurance Plans So Good?

The HDFC Children's Plan is a traditional child plan that gives policyholders a lot of freedom by allowing them to choose from a variety of features. This plan covers the parent's life, but the child is the sole beneficiary. It ensures that the child's future is protected in all three situations, so that if something happens to the parent during the policy term and he is unable to complete the policy term, the child's future is also protected by providing him with guaranteed benefits. This is a comprehensive, risk-free protection plan for your child. This ensures that, regardless of what occurs, your child will receive the lump-sum payment you had planned for her future.

Why is it necessary to have an HDFC Life Child Insurance Plan?

The plan has a variety of features that aid in the child's financial security, which is crucial. For example, the premium waiver advantage is built-in and addresses the issue that emerges when a parent is not there. Although this rider is available in other insurance policies, it necessitates a separate premium payment that is not applicable to a child plan. In the event of the parent's death, the plan also provides the necessary funds for both present and future needs by paying benefits twice. The plan is a must-have because of these attributes.

Features of the HDFC Life Children's Plan

  • This plan pays a guaranteed lump sum payment, known as the Sum Assured, upon policy maturity or early death.You can choose from three different plans:
  • If you choose the Accelerated Benefit Plan, you will get the Sum Assured plus Bonuses when the insurance matures or if you die sooner.
  • When the policy matures, you'll receive the Sum Assured + Bonuses under the Maturity Benefit Plan. If the Life Insured dies during the policy term, no money is paid out immediately away; nevertheless, the insurance company waives and pays successive premiums, guaranteeing that the entire maturity benefit is paid when it is due.
  • When you choose the Double Benefit Plan, you'll get a double benefit, which means you'll get the Sum Assured + Bonuses when the policy matures.
  • If the Life Insured dies during the policy term, the Sum Assured is repaid, and the policy is renewed. Future premiums are waived and paid by the insurance provider, ensuring that the entire maturity benefit is paid when it is due.
  • A simple reversionary bonus, as well as a terminal bonus, are included in this scheme.

  • The benefits of the policy are primarily for the benefit of the child.


Almost every insurance company now offers a kid insurance policy, which is a one-of-a-kind policy designed specifically for the benefit of children. Regardless of whether or not the parent is present, this technique aims to ensure that the child's financial future is safe. Inflation threatens every aspect of maintaining a comfortable lifestyle, including parenthood. Education, healthcare, and hobbies are all becoming more expensive, therefore parents must cultivate a solid saving habit if they want to provide the best of everything for their children. Fortunately, the HDFC Child Life Insurance plan allows you to gradually increase your investment and plan for your child's future.

Also Read: Why Does Your Child Need the Best Child Education Plan In India?

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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