Child Savings Plans
Their dreams stay funded, whatever happens.
Child plans build a fund for your child's education, career or marriage. If something happens to the parent, future premiums are waived and the plan continues exactly as promised, so the goal is never left unfunded.
- Child's age
- From 0 years
- Payouts
- At key milestones
- Premium waiver
- Built in on parent's death
- Tax benefit
- Sec 80C and 10(10D)*
Choose the child savings plans that fits you
Not sure which one is right? Tell us your situation and we'll recommend the best fit.
Guaranteed child plan
Fixed payouts at ages 18, 21 or 25 for education costs.
Market-linked child plan
ULIP-based plans for higher long-term growth.
Education + marriage plan
Staggered payouts for both goals.
Why people choose our child savings plans advice
- Premium waiver if the parent passes away
- Payouts timed to school and college milestones
- Guaranteed or market-linked options
- Lump sum to the family on death
Know exactly what you're buying
We read the fine print for you and explain inclusions, exclusions and waiting periods in plain words.
- Milestone payouts
- Maturity benefit
- Waiver of future premiums
- Immediate lump sum on the parent's death
- Parents of newborns and young children
- Families planning higher education in India or abroad
- Single-income households
- Early surrender reduces benefits significantly
- Market-linked variants carry investment risk
Child Savings Plans premium: what decides it?
Two people buying the same child savings plans can pay very different premiums. Here is what insurers look at, and how to pay less without cutting the cover you need.
What it depends on
- Age of the person or vehicle being insured
- Sum insured or cover amount chosen
- Health, lifestyle and medical history (for life and health cover)
- Add-ons and riders selected
- Claim history and no-claim bonus (for motor and health)
- City or zone, occupation and policy term
How to pay a lower premium
- Buy early: premiums are lowest when you are young and healthy
- Choose the right cover, not the cheapest or the biggest
- Compare insurers on claim record and exclusions, not just price
- Pick only the add-ons you actually need
- Renew on time to keep your no-claim bonus and waiting-period credit
Documents required for Child Savings Plans
Choose your applicant type to see the checklist. Keep self-attested copies ready; we'll collect and verify them for you.
Document Proof
8 items- Aadhaar Card
- PAN Card
- Voter Card
- Driving Licence
- Utility Bill (Electricity / Water)
- Passport
- Child's Birth Certificate
- Recent Photograph
Income Proof
4 items- Income Tax Return (2 yrs)
- Bank Statement (12 months)
- Current Salary Slip (if salaried)
- Form 16 (if salaried)
Document Proof
9 items- Utility Bill (Electricity / Water / Telephone)
- Bank Statement
- GST Certificate
- Udyam Certificate
- Aadhaar Card
- PAN Card
- Passport
- Child's Birth Certificate
- Recent Photograph
Income Proof
3 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
The exact list can vary by insurer and your profile. Not sure what applies to you? Our advisor will confirm in one call.
From first call to claim
Scroll through the steps to see what we do at each stage.
Expert tips before you buy
- 1Start early; even small premiums grow significantly over 15+ years.
- 2Factor in education inflation of 8% to 10% a year when choosing the goal amount.
- 3Pair a child plan with a term plan for full protection.
Child Savings Plans: common questions
Talk to an expert today
Share a few details and we will call you back. The first consultation is free.
- Call us+91 92122 66375
- WhatsAppChat with an advisor
- Office hoursMon to Sat, 10:00 am to 7:00 pm
Request a call back
We usually respond the same working day.
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