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Best Child Insurance Plans In India

Updated On Nov 11, 2021

A child's life insurance plan, sometimes referred to as a Child Plan, is a mix of insurance and investment that can help your children meet their financial obligations. It not only pays out enormous quantities of money, but it also allows policyholders to withdraw funds from their savings account at any time. A Kid Plan is a great way to protect your child and support them through all of life's milestones. A Child Plan lets you save money on a regular basis while also allowing you to build your money. You may access your money at the same moment.

Best Child Insurance Plans in India

A list of the best child insurance policies for Indian parents follows.

1. Bharti Axa Life's Child Advantage Plan

This is a non-linked participating life insurance plan with the option of obtaining a cash payment or an endowment. A premium waiver benefit is included in the plan. Let's have a look at the benefits and features of the coverage. The minimum age to enrol in the insurance is 18 years old, with a maximum age of 55 years old. The maximum maturity age for the insurance is 76 years. A variety of policy tenures are allowed under the policy. Depending on the age of the child, the policyholder can choose a policy length of 11 to 21 years.

2. YoungStar Super Premium Plan from HDFC Life

There are two sorts of death benefits offered by HDFC. Only half of the premium will be paid if the parent dies within that time. There are four different investment funds to choose from.

Unit-related package with two options for death benefits If a parent dies during the term and chooses the 'Save-n-Gain' payment option, half of the premiums will be taxed as annual income. There are four distinct investment funds from which to pick. Severe sickness coverage is available as an add-on.

3. ICICI Prudential's Smart Child Assure Plan

This is a Unit Linked Insurance Plan that allows you to save money for your children's future while also providing insurance coverage. The following are the insurance's perks and benefits. Regular pay and single pay are the two premium payment options offered by the plan. The maximum maturity age for the insurance is 64 years. The plan offers a variety of investment fund options. The policy's duration varies between ten and twenty-five years.

4. LIC's New Children's Money-Back Plan

Children aged 0 to 12 can join this programme. Guaranteed Sum Assured of at least one lakh rupees. Bonuses will be introduced at various points throughout the game. When the child reaches the ages of 18, 20, or 22, the cover will only be charged 20% of the original price.


As a parent, you would never jeopardise your children's future, particularly their education. Investing in a kid plan, on the other hand, allows you to plan ahead of time and ensure that your child remains healthy no matter what occurs. Market-linked and conventional plans, as well as basic and lump-sum plans, are among the several types of child plans available. Choose the one that best meets your needs after analysing the various premiums and incentives.

Also read - How Life Insurance Can Help You Fund Your Child's Dream?

What Are Child Education Plans? What Are The Benefits Of Purchasing It?

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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